The growth of this market is driven by increasing adoption of GC-MS, increasing production of crude oil and shale oil, increasing importance of wastewater treatment, increasing food safety concerns, and increasing use of chromatography tests in drug approval processes.
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Chromatography is a laboratory method of separating compounds from a sample mixture for purification or identification. Chromatographic systems contain a group of methods that can separate individual elements from a sample mixture.
Market Segmentation
Based on GC instruments, the market was divided into systems, detectors, autosamplers, and fraction collectors. The systems market is subjected to account for the largest share in the GC market. The large share of this segment can primarily be attributed to factors such as increased capability to analyze complex compounds.
Based on accessories and consumables, the GC market is divided into columns, columns accessories, autosampler accessories, flow management accessories, consumables accessories, fittings tubing, pressure regulators, gas generators, and other accessories. The columns segment is estimated to account for the largest share of the global gas chromatography market. The large share of this segment can primarily be attributed to factors such as improved gas chromatography columns for the petroleum industry.
The oil gas segment is expected to account for the largest share of the global gas chromatography market. The large share of this segment can be attributed to increasing crude shale oil production and improved gas chromatography columns for the petroleum industry.
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 RD funding, cannabis research, market for shale oil and gas, and food and agricultural industry.
Key Market Insights
The global GC market is well established owing to the dominance of prominent market players such as Agilent Technologies, Inc. (US), ThermoFisher 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), GL Sciences(Japan), OI Analytical (US), Valco Company Instruments Inc.(US), Centurion Scientific (India), SRI Instruments (US), Skyray Instruments(US), E ChromTech Co. Ltd.(Taiwan), Trajan Scientific (Australia), and Falcon Analytical (US).
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Expected Revenue Growth:
[166 Pages Report] 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%.
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. The growth of the company is attributed to strategic mergers and acquisitions, strategic transactions, and improved RD and capital expenditure. Agilent’s strategy to launch multiple products for effective and efficient chromatography studies has ensured its growth in this market.
