Gas chromatography is an analytical technique used for separating and analyzing compounds that can be vaporized without decomposition. It has wide applications in quality control in pharmaceutical and biotechnology industries, environmental testing, food & beverage testing, and forensic science. Gas chromatography instruments provide accurate and reproducible results for various analyses such as identity, purity, and concentration of substances in a sample.
The global Gas Chromatography Market is estimated to be valued at US$ 4.2 billion in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Technological advancements is one of the key trends augmenting the growth of the gas chromatography market. Major companies are focusing on developing novel gas chromatography instruments integrated with modern detection techniques such as mass spectrometry (GC-MS), electron capture detector (GC-ECD), and flame ionization detector (GC-FID) to deliver highly sensitive, accurate, and reproducible results. For instance, in May 2022, Agilent launched the 990-S Gas Chromatograph incorporated with AI technology to automate data analysis and reduce manual errors. The instrument is integrated with microfluidic control technology to deliver high performance and reproducibility for environmental, food safety, and clinical applications. Similarly, in 2021, Thermo Fisher launched the Trace 1300 GC system with intuitive software and advanced electronics to enhance productivity in laboratory workflow. Such innovative product launches are expected to drive the gas chromatography market growth over the coming years.
SWOT Analysis
Strength: Gas chromatography has high precision and accuracy for separation of compounds in mixtures. It is considered as a gold standard for quantitative analysis.
Weakness: Initial setup cost of a gas chromatography system is high. It requires trained professionals for operation and maintenance of the equipment.
Opportunity: Increasing adoption of gas chromatography for analysis of food residue, environmental pollutants provides growth opportunities. Growing pharmaceutical industry usage for drug quality control offers scope.
Threats: Advances in other analytical techniques like mass spectrometry poses competition threat. Regulations changes affecting chromatography methods impacts demand.
Key Takeaways
The global gas chromatography market is expected to witness high growth. The global gas chromatography market is estimated to be valued at US$ 3.4 billion in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023-2031.
Regional analysis: North America dominates the global gas chromatography market currently due to presence of well-established pharmaceutical and biotechnology industries in the region. Asia Pacific is expected to grow at fastest pace owing to increasing government initiatives and funding for research in countries like China and India.
Key players: Key players operating in the gas chromatography market are Agilent Technologies, Thermo Fisher Scientific, Shimadzu Corporation, PerkinElmer, and Merck KGaA.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
