Gas chromatography is a technique used to separate and analyze compounds that can be vaporized without decomposition. It relies on heat for vaporizing the sample components and an inert mobile phase gas, known as the carrier gas, to transport the vaporized samples through a column filled with a liquid or solid stationary phase. The different compounds interact differently with the column filling material, allowing them to be separated from each other as they travel through the column at different rates and emerge from the end of the column over time.
The gas chromatography market is estimated to be valued at US$9.64 Bn or 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 Dynamics:
Rising adoption in pharmaceutical and biotechnology industries is a key driver for growth of the gas chromatography market. Advancements in gas chromatography systems and growing focus on analyzing food and beverage samples are also supporting the market growth. However, high costs associated with gas chromatography instruments and lack of highly skilled professionals can hamper the market growth. Growing application areas such as clinical diagnosis, forensic analysis and detection of explosives using gas chromatography technology is expected to offer lucrative growth opportunities for key players in the gas chromatography market over the forecast period.
SWOT Analysis (This is heading keep it unchanged)
Content (Write in 250 words long SWOT analysis for given market name. Ex. Strength: explain in three sentence explanation; Weakness: explain two weakness in three sentence long explanation; Opportunity: explain two opportunity in three sentence long explanation; Threats: explain two threats two sentence explanation).
Strength: Gas chromatography offers high precision and accuracy in analytical testing. It allows simultaneous detection and quantification of multiple components in a sample. Gas chromatography can separate components in complex mixtures accurately.
Weakness: Gas chromatography requires skilled professionals for operation and maintenance of instruments. It is a costly technique that requires high initial investment for instruments and their maintenance.
Opportunity: Rising demand for gas chromatography from industries such as healthcare, food and beverages, and oil and petroleum offers significant growth opportunities. Increasing RD investment by key players to develop advanced gas chromatography systems further drives the market.
Threats: High maintenance cost of gas chromatography instruments poses major challenge. Availability of substitutes such as liquid chromatography threatens the growth of gas chromatography market.
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 various industries including healthcare, food and beverages, and oil and petroleum. Rising awareness about food quality and safety has boosted the demand for gas chromatography systems in quality inspection in food and beverages industry.
Regional analysis: North America dominated the global market accounting for over 35% of global share in 2023 due to presence of major players and availability of supporting infrastructure. Asia Pacific is expected to witness fastest growth exhibiting CAGR of around 8.5% during 2023-2030. Growing bioscience research and increasing outsourcing of clinical research to countries such as China and India is fueling the growth of gas chromatography market in Asia Pacific.
Key players operating in the Gas Chromatography Market are Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., Danaher Corporation, Merck KgaA, PerkinElmer, Inc. These players are focusing on new product launches and partnerships to strengthen their market share. For instance, in 2022, Merck KGaA introduced comprehensive GC solutions to provide flexible, modular systems for various laboratory requirements.
