Gas Chromatography Market Analysis by Product (Accessories & Consumables, Instruments, and Reagents); and by End User (Pharmaceuticals & Bioindustries, Academic Research Institutes, Oil & Gas Industry,) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
Buy Now Report ID: 4930 | Published Date: May 02, 2023
Gas Chromatography Market size is estimated to reach ~USD 9 Billion by the end of 2035 by growing at a CAGR of ~7.10% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of gas chromatography was ~USD 4 Billion. The growth of the market can be attributed to the increasing demand for gas chromatography from various end use industries. Further, the growing use of GC in the pharmaceutical industry as a screening test is estimated to contribute to market growth in the forecast period. For instance, in June 2022, it has been reported that for the determination of residuals with an analysis time of 12 min, a gas chromatography method using flame ionization detection solvents is adapted to carry out routine quality control in the most frequently used positron pharmaceutical radionuclides industry.
In addition to these, factors that are believed to fuel the market growth of gas chromatography include the rise in government investments, and collaboration between major key players to develop advanced gas chromatography devices. For instance, on February 2022, Agilent Technologies incorporated artificial intelligence into gas chromatography and mass spectrometry platforms to improve the efficiency and productivity of the company. Additionally, the growing use of GC techniques in forensics, sports, and drug screening is predicted to present the potential for market expansion over the projected period
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~7.10% |
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Base Year Market Size (2022) |
~ USD 4 Billion |
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Forecast Year Market Size (2035) |
~ USD 9 Billion |
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Regional Scope |
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Growth Drivers
Challenges
The global gas chromatography market is segmented and analyzed for demand and supply by end user into pharmaceutical & bioindustries, academic research institutes, oil & gas industry and others. Out of the four types of gas chromatography, the pharmaceutical & bioindustries segment is estimated to gain the largest market share of about ~38% in the year 2035. The growth of the segment can be attributed to the increasing attention given to the industry post-COVID-19 pandemic. For instance, in July 2020, a research paper stated that the US Air Force and researchers from the University of Michigan had collaborated to make modifications to an existing gas analysis system so it can work like a breath analyzer and can analyze, detect the early onset of acute respiratory distress syndrome (ARDS) which is a precursor to most COVID-19 infections. Further, the increasing demand for gas chromatography from the pharmaceutical industry owing to extreme sensitivity and precision is also expected to contribute to the growth of the market in the forecast period. GC is used in the bio-analysis of blood and urine for the presence of barbiturates, alcohols, narcotics, residual solvents, drugs like anesthetics, and antihistamines. It can also help identify toxins and venoms making a great demand from the clinical toxicology sector.
The global gas chromatography market is also segmented and analyzed for demand and supply by product into accessories & consumables, instruments, and reagents. Amongst these three segments, the accessories & consumables segment is expected to garner a significant share in the year 2035. The steady increase in the demand for GC accessories, owing to their limited durability, is attributed to this. Column accessories, fittings, and pipes, autosampler accessories, flow management & pressure regulator accessories, as well as others, are also grouped into the Accessories & Consumables category. The increase in the use of chromatography columns for GC techniques such as protein purification and the development of drugs will lead to a growing segment of the column accessories market. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global gas chromatography market includes the following segments:
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By Product |
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By End User |
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The market share of gas chromatography in North America, amongst the market in all the other regions, is projected to be the largest with a share of about ~38% by the end of 2035. The growth of the gas chromatography market can be attributed majorly to the increasing use of gas chromatography technology in various applications. In particular, chromatography instruments have been shown to be an efficient means for the definitive testing of finished product products, pharmaceutical applications, environmental monitoring, and food tests. In order to obtain a large amount of extremely pure material and for the examination of mixtures that have been purified, pharmaceutical companies use gas chromatography. Further, the need to improve and develop novel drug evaluation techniques is also anticipated to contribute to the growth of the gas chromatography market in the forecast period. For instance, in June 2022, Focussed Photonics Inc. introduced a gas chromatography instrument for industrial use that is differentiated from conventional lab-setting Chromatography. It uses a high-precision program-controlled column-cutting technology and column system sampling technology through which the measured components can be analyzed and obtained swiftly. The demand for gas chromatography in the region is increasing mainly owing to an increase in the use of chromatographic techniques in a major food and beverage and pharmaceutical industry. The region has seen significant growth in healthcare costs due to a growing number of serious diseases as well as an aging population. The pharmaceutical sector has been investing more in research and development for drug discovery and production as a result.
The Asia Pacific gas chromatography market is estimated to be the second largest, registering a share of about ~24% by the end of 2035. The growth of the market can be attributed majorly to the increasing biomedical and medical research in the area. Further, increasing public awareness of chromatographic technologies in Japan coupled with government initiatives to support the growth of the pharmaceutical sector in India is expected to fuel market growth. The environmental protection activities and policy expansion by major Chinese players in the market are also expected to contribute to the growth of the market in the forecast period.
Further, the gas chromatography market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the increasing need for drug analysis using gas chromatography devices. Further, growing healthcare expenditure and investments from the government are also anticipated to contribute to market growth.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Radhika Gupta, Shivam Bhutani
Ans: Increasing use of gas chromatography in various end use industries, and increasing healthcare expenditure are the major factors driving the market growth.
Ans: The market size of gas chromatography is anticipated to attain a CAGR of ~7.10% over the forecast period, i.e., 2023 – 2035.
Ans: High cost of gas chromatography devices and lack of skilled professionals are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are Agilent Technologies, Waters Corporation, Shimadzu, Thermo Fisher Scientific, PerkinElmer, Merck KGaA, Phenomenex, Bio-Rad Laboratories, Cytiva, Hitachi, Restek Corporation.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity, and the new products being launched into the market by the company.
Ans: The market is segmented by product, end user, and by region.
Ans: The pharmaceutical & bioindustries segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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