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Gas chromatography is used for separating and analyzing compounds that can be vaporized without decomposition. It enables identification of individual constituents in a substance and determination of their relative percentages. Common uses include testing purity of substances prior to production or analysis of complex mixtures.
The global Gas Chromatography Market is estimated to be valued at US$ 9.64 Bn or billion in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing application scope of gas chromatography across various industries such as healthcare, food testing, environmental testing is a key trend driving the growth of the gas chromatography market. Growing demand for more accurate, faster and reliable analytical techniques for separating compounds has increased adoption of gas chromatography systems. Technological advancements have enabled development of compact systems with improved efficiency, thereby supporting uptake in the pharmaceutical and biotechnology industries.
SWOT Analysis
Strength: Gas chromatography has high accuracy and precision for separating and analyzing mixtures. It allows reliable quantification and identification of individual components in a sample.
Weakness: Gas chromatography systems require skilled professionals for operation and maintenance of instruments. High installation and maintenance costs of GC systems can be prohibitive for small laboratories.
Opportunity: Increasing R&D in pharmaceutical and biotechnology industries is driving the demand for gas chromatography for analysis of drug formulations and biomolecules. Growing food safety concerns are also opening new opportunities.
Threats: Availability of cheaper and effective alternative separation techniques like Ion chromatography and HPLC poses threat to gas chromatography market. stringent regulations regarding the use of GC columns might restrain the market growth.
Key Takeaways
The global gas chromatography market is expected to witness high growth, exhibiting CAGR of 7.1% over the forecast period, due to increasing demand from pharmaceutical and biotechnology industries for analysis of drugs and biomolecules.
Regional analysis – North America dominates the global gas chromatography market and is expected to continue its dominance over the forecast period. This is attributed to growing biomedical sector and stringent regulatory standards for food and environmental testing in the region. Asia Pacific is projected to be the fastest growing market for gas chromatography driven by increasing R&D investments and growing industrialization in countries like China and India.
Key players operating in the gas chromatography market are Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., Danaher Corporation, Merck KgaA, PerkinElmer, Inc. Agilent Technologies dominates the GC market with over 40% market share owing to its diverse product portfolio and strong presence across various regions. Thermo Fisher Scientific holds around 30% share with its focus on pharma and biochemical analysis segment.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
