The global 2D chromatography market is projected to reach USD 42.4 million by 2023 from an estimated USD 29.6 million in 2018, at a CAGR of 7.5% during the forecast period. The growth of this market is majorly driven by factors such as initiatives to reduce environmental pollution, R&D investments by pharma companies, government support, and the growing petroleum industry.
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Drivers
1 R&D Investments By Pharmaceutical Companies and Government Support
2 Policies and Initiatives to Reduce Environmental Pollution
3 Rising Food Safety Concerns
4 Growing Petrochemical Industry
Restraints
1 High Cost of 2D Chromatography Systems
Opportunities
1 Growth Potential of Emerging Countries
2 Rising Adoption of 2D LC in the Development of Monoclonal Antibodies
The market is segmented on the basis of product, application, and region. Based on type, the market is segmented into 2D gas chromatography and 2D liquid chromatography. In 2018, the 2D gas chromatography segment is expected to account for the largest share of the global market. 2D gas chromatography is further segmented into 2D GC instruments, 2D GC consumables, and 2D GC accessories.
Based on application, the global 2D chromatography market is segmented into life science research, environmental analysis, food and beverage testing, petrochemical and natural gas analysis, and other applications. The life science research segment is expected to grow at the highest CAGR during the forecast period. R&D investments by pharma companies and government support are driving the growth of the segment.
2D chromatography instruments are equipped with advanced features and functionalities and, thus, priced at a premium. The price of a 2D chromatography system influences the purchase decision of end users, which poses a restraint for the growth of this market.
The major players in this market include Agilent Technologies (US), LECO (US), Waters (US), Shimadzu (Japan), Restek (US), SepSolve Analytical (UK), Merck (Germany), Danaher (US), Bio-Rad Laboratories (US), and Thermo Fisher Scientific (US).
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