The Global Market for Gas Chromatography Systems is Projected to Reach US$2.4 Billion by 2024
Growing Investments in R&D and Stringent
Regulations to Drive the Global Market for Gas Chromatography Systems,
According to a New Report by Global
Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market size, share and
demand forecasts on the global Gas Chromatography Systems market. The
global market for Gas Chromatography Systems is projected to reach US$2.4 billion
by 2024, driven by rising investments in R&D, stringent regulations and
expanding applications supported by smart technological advances.
Gas chromatography is an
analytical technique and a type of chromatography, employed in separating
components of a chemical mixture or compounds capable of being vaporized for
detection - using an inert carrier gas mobile as the phase. The technology
finds use in a wide range of applications and sectors, with most demand in the
pharmaceutical and chemical sectors. Increasing private and public investments
in research across diverse areas, stringent government regulations, growing
applications, expansion in emerging markets and technological advances among
others are the factors fueling growth in the market. In the
pharmaceutical/biotechnology sector, increasing focus on developing effective
drugs is creating demand for advanced gas chromatographs, while growing stringency
in quality and safety aspects supports adoption in agriculture and food and beverage
industry. Increasing sensitivity to environmental issues and launch of various
monitoring programs are driving demand for gas chromatographs environmental monitoring,
where they are employed to detect contamination. Besides, aging of installed
chromatographs in markets such as the US and increasing focus to expand target
applications are also likely to infuse growth into the market.
Miniaturization is a key
trend catching up in the market, as focus grows on developing miniaturized
systems that occupy less space and enable carrying the system to the area where
sample is prepared. Increasingly, manufactures are developing portable systems
for designated applications, expanding the scope for gas chromatography. Continuous
improvements in technology are a major force behind innovations, which are also
contributing to market growth. New products with relative ease of operation and
lower resource use are enabling even personnel with minimal skills to operate
them, addressing one of the major concerns of shortage in skilled personnel. Technological
developments are also underway in GC columns and GC
detectors that are resulting in considerable innovations in gas
chromatography, thereby expanding applications and in turn adoption. On the
flip side, factors such as high system costs, dearth in skilled personnel and
infringement of certain GC applications by liquid chromatography are
restraining market growth.
As stated by the new
market research report on Gas
Chromatography Systems, the United States represents the largest market
worldwide, driven by increasing adoption of advanced gas chromatography
technologies particularly in pharmaceutical, life science and biotech sectors; and
growing funding and investments for research in private as well as public
sectors. Asia-Pacific ranks as the fastest growing market with a CAGR of 7.5%
through the analysis period led by rapid industrialization and the ensuing huge
demand for GCs primarily among petroleum, petrochemical, fine and specialty
chemical industries; shift in pharmaceutical research and manufacturing to low
cost Asia countries. Chemical
& Pharmaceuticals represents the largest end-use segment, wherein gas
chromatography systems are used for process control and monitoring,
chemical/compound identification and composition analysis.
Major players in the market
include Agilent Technologies Inc., Bio-Rad Laboratories Inc., DANI Instruments
SPA, GL Sciences Inc., JEOL USA Inc., O.I.Corporation, PAC L.P., PerkinElmer
Inc., SGE Analytical Science Pty. Ltd., Shimadzu Corp., SRI Instruments, Thermo
Fisher Scientific Inc. and Yokogawa Electric Corporation.
The research report titled
“Gas Chromatography Systems: A Global Strategic
Business Report” announced by Global
Industry Analysts Inc., provides a comprehensive
review of market trends, issues, drivers, mergers, acquisitions and other
strategic industry activities of global companies. The report provides market
estimates and projections for Gas Chromatography Systems in value terms for all
major geographic markets such as United States, Canada, Japan, Europe (France,
Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and
Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and
Rest of Latin America). Global and regional market analytics are further
analyzed by the following product end-use segments: Chemical &
Pharmaceutical, Clinical Labs, Environmental Labs, Petrochemical, Agriculture
and Food & Beverage, Academic & Research, and Others. The report
further analyzes the global Gas Chromatography Systems market by segments:
Laboratory Gas Chromatography and Process Gas Chromatography.
Global
Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights
Reserved.
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