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Gas chromatography is an analytical chemistry technique that helps separate and analyze compounds that can be vaporized without undergoing decomposition. It is commonly used in pharmaceutical, environmental, forensic and food industries to test complex chemical formulations. Gas chromatography has advantages of high resolution, selectivity and reproducibility. It enables separation of components in a mixture with limited sample preparation and produces reliable quantitative and qualitative results. The growing need for testing purity, composition and contaminants in pharmaceutical drugs and food items is propelling the demand for gas chromatography systems globally.
The global Gas Chromatography Market is estimated to be valued at US$ 9.64 Bn 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:
Gas chromatography market is witnessing trend of increasing demand for portable GC systems. Portable GC systems provide lab-grade analysis in field applications. They enable on-site testing and real-time analysis which helps reduce turnaround time. Their compact size and ease of operation make them suitable for field sampling and process control. This trend is gaining traction among industries such as environmental testing, petrochemical, food and beverages where immediate analysis is required. Continuous technological advancements are further enhancing capabilities of portable GC systems. Their growing adoption is expected to drive the overall gas chromatography market during the forecast period.
Porter’s Analysis
Threat of new entrants: Low, as the Gas Chromatography market requires high investments and is dominated by some major established players.
Bargaining power of buyers: Moderate, as there are multiple options available from different vendors, but switching costs are high.
Bargaining power of suppliers: Low, as raw materials needed are commodity chemicals and there are many suppliers.
Threat of new substitutes: Low, as Gas Chromatography has applications across various industries and no direct substitutes exist currently.
Competitive rivalry: High, as the market is dominated by few major players globally and players compete on the basis of product innovation, quality, and pricing.
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 food testing and environmental monitoring industries. North America is expected to dominate the Gas Chromatography market throughout the forecast period driven by stringent regulations regarding food testing, air pollution monitoring, and environment protection in countries like the US and Canada.
Regional analysis
Europe is also expected to hold a significant share in the Gas Chromatography market owing to significant investments in research and presence of major players like Agilent Technologies and Thermo Fisher Scientific in the region. The Asia Pacific region is projected to grow at the fastest rate during the forecast period with increasing awareness and supportive government regulations regarding industrial pollution monitoring in major countries like India and China.
Key players
Key players operating in the Gas Chromatography market includes Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., Danaher Corporation, Merck KgaA, and PerkinElmer, Inc. Agilent Technologies and Thermo Fisher Scientific collectively hold over 50% of the market share due to their wide product portfolio and strong geographical presence across major regions.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
