Leading players are focusing on developing smaller size gas chromatography (GC) instruments to help save space
Fact.MR, Rockville MD: Growing importance of gas chromatography (GC) in drug approvals, increasing food safety concerns, and increasing of gas chromatography-mass spectrometry adoption are the major factors enabling growth in the market, evaluates Fact.MR in a new study.
According to the study, the market is expected to exceed valuation of US$ 3.5 Bn through 2022 owing to the rising application in end-use industries such as oil & gas and pharmaceutical & biotechnology. Emerging economies with rising GDP are exhibiting high demand for micro gas chromatographs. These also have been gaining traction as a top-selling system to monitor the volatiles in petroleum industry, which is the key reason behind burgeoning the demand in oil & gas industry.
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Simple systems and a variety of instruments & detectors are available to the petroleum industry that makes gas chromatography flexible. It is one of the major advantages fuelling the demand in the oil & gas industry. However, high initial prices for the GC instruments and lack of skilled professionals are likely to cause a restraint to the market.
“GC offers greater precision in results, it requires lower quantities of sample gases, and offers increased reliability. These factors have been accelerating the sales of GC instruments among oil & gas industry manufacturers,” says the Fact.MR analyst.
Key Takeaways
- The oil industry is estimated to hold the maximum market share among end-users, followed by pharmaceutical & biotechnology industry
- Based on product, gas chromatography instruments continue to remain top-selling products
- Gas chromatography accessories and consumables are expected to emerge as the fastest selling products
- Sales of gas chromatography instruments and detectors to expand at 5.5% CAGR through 2021 and beyond
- Rising biopharmaceutical research activities in United States to fuel the gas chromatography sales through 2022
- UK and France is expected to lead the Europe gas chromatography market
Prominent Drivers
- Owing to its extensive usage in various applications, demand for gas chromatography will increase significantly in the upcoming years
- Soaring adoption of micro gas chromatographs to bolster the market growth
- Heightened demand from oil & gas and pharmaceutical industries are provide growth opportunities among gas chromatography manufacturers
Key Restraints
- Lack of skilled professional and knowledge is likely to hinder the growth of gas chromatography market
- High cost of gas chromatography equipment is posing a challenge to the market demand
Discover more about the gas chromatography market with 57 figures, 165 data tables and the table of contents.
https://www.factmr.com/report/193/gas-chromatography-market
Competitive Landscape
Key market players listed by Fact.MR for global gas chromatography market includes Agilent Technologies, Thermo Fisher Scientific Inc., DANI Instruments S.p.A., Merck KGaA, Restek Corporation, Shimadzu Corporation, LECO Corporation, and Perkin Elmer Inc. among others. Key players are focused on product innovation to generate future expansion prospects along with adopting mergers & acquisition as a key strategy.
In 2019, Agilent Technologies announced two new gas chromatography systems that incorporated innovative and intelligent new age predictive technology, expanding their suite of smart-connected GC instruments. The Agilent 8890 and 8860 GC systems extend the company's industry-leading portfolio of robust analytical instruments that showcased at Japan Analytical & Scientific Instruments Show (JASIS) in 2019.
More Insights on the Gas Chromatography Market
Fact.MR sheds an in-depth analysis on global gas chromatography market. In order to understand the market perspective, trends and challenges, the market is segmented on the basis of product (instruments, detectors, auto-samplers, fraction collectors, and accessories & consumables), and end-user (pharmaceutical & biotechnology industries, food & beverage industries, oil & gas industry, academic research institutes and others) across seven regions.
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Oil & Gas Industry Emerges as Key Gas Chromatography End User, Accounting for over 2/3rd Sales through 2022: Fact.MR - BioSpace
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