Gas Chromatography Market Size | Report on Top Manufacturers Business Strategies
The global GC market size is projected to reach USD 3.5 billion by 2025 from USD 2.8 billion in 2020, at a CAGR of 4.1%. according to the latest MarketsandMarkets (MnM) analysis. High cost of GC equipment, geopolitical issues prevailing in some countries, and shortage of skilled professionals are expected to restrain the growth of this market during the forecast period.
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Gas Chromatography Market by Region
The growth in this market is driven by the growing adoption of GC-MS, rising crude & shale oil production, increasing importance of wastewater treatment, rising food safety concerns, and growing use of chromatography tests in the drug approval process.
Key Market Players
The global GC market is well established owing to the dominance of prominent market players, such as Agilent Technologies, Inc. (US), Thermo Fisher Scientific, Inc. (US), Shimadzu Corporation (Japan), PerkinElmer, Inc. (US), Restek Corporation (US), Dani Instruments S.P.A. (Italy), Chromatotec (France), Merck KGAA (Germany), Leco Corporation (US), Scion Instruments (US), Phenomenex (US), etc.
Agilent is the largest player in the GC market. A large part of the company’s revenue is generated from its Life Sciences and Applied Markets and Agilent CrossLab segments.
Recent Developments
Agilent launched the 990 Micro GC System. The system is designed to monitor calorific valuation and odorant levels in natural gas. It is a compact and rugged system that may be used in laboratories
The University of Duisburg Essen collaborated with Agilent to utilize its gas and liquid chromatography systems and a variety of its mass spectrometry instruments to conduct improved research studies.
PerkinElmer acquired Shanghai Spectrum Instruments Co., Ltd. This acquisition will allow PerkinElmer to expand its customer base for analytical instruments in China.
Market Segmentation
The MnM report throws light on an inclusive segmental analysis of the global Genotyping Assay market based on Type, Application & End User.
Oil and gas accounted for the largest share of the GC end-user market
The columns segment accounted for the largest share of the GC market
Systems accounted for the largest market share
Regional Analysis
North America is expected to account for the largest share of the global GC market. Market growth in this region is driven primarily by the increase in R&D funding, cannabis research, market for shale oil and gas, and food and agricultural industry. On the other hand, Asia Pacific is projected to have the highest growth rate during the forecast period.
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The high growth rate of the region can be attributed to factors such as extensive sales generics in Japan and the development in the pharma and biotech sectors in India and China.