According to the new market research report „Gas Chromatography Market by Instrument (Systems, Detectors), Accessories and Consumables (Columns, Column accessories, Pressure regulators, Gas generators),End user (Oil & Gas industry, Environmental agencies, Pharma & Biotech) – Global Forecast to 2022″, published by MarketsandMarkets™, The global gas chromatography market is expected to reach USD 3.67 Billion by 2022 from USD 2.64 Billion in 2016, at a CAGR of 6.2%.
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The overall gas chromatography market is expected to reach USD 3671.0 million by 2022 from USD 2647.0 million in 2016, at a CAGR of 6.2%. The increasing crude & shale oil production, increasing importance of waste water treatment, rise in adoption of GC-MS, initiatives to reduce environmental pollution levels, growing food safety concerns and increased importance of chromatography tests in drug are the key factors driving the growth of this market. Owing to technological advancements, GC systems are witnessing a shift from laboratory settings to miniaturization, thus increasing their scope in production plants. Moreover, these advancements also increase the capabilities of gas chromatography in the analysis of complex compounds. For instance, the MicroGC Fusion is a small, easy to use, gas chromatograph (GC) specifically designed for gas analysis in the concentration range of low ppm to percentage levels.
Market Dynamics
Drivers
- Increasing crude & shale oil production
- Collaborations between chromatography instrument manufacturers and research laboratories/academic institutes
- Increasing focus on waste water treatment
- Rising adoption of GC-MS
- Development of policies and initiatives to reduce environmental pollution levels
- Growing food safety concerns
- Growing importance of chromatography tests in the drug approval process
Restraints
- High cost of gas chromatography equipment
- Geopolitical issues prevailing in some countries
Opportunities
- Improved gas chromatography columns for the petroleum industry
- Potential new oilfield discovery
- Growing proteomics market
- Growing demand for chromatography instruments in emerging markets
Challenges
- Dearth of skilled proffesionals
Increasing adoption of GC-MS drives the growth of the gas chromatography market
Considering the potential applications of GC-MS and the growing demand for the technique, major companies are focusing on launching GC-MS instruments in the market. For instance, in September 2014, Agilent Technologies, Inc. (U.S.) launched the 7200B Quadrupole Time of Flight (Q-TOF) Gas Chromatography Mass Spectrometer (GC/MS). This system offered improved mass accuracy and stability with a focus on pesticide screening software tools. This has resulted in increased application of GC-MS instruments in the field of biotechnology.
Browse and in-depth TOC on “ Gas Chromatography Market “
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The gas chromatography market comprises a network of players involved in the research and product development; raw material supply; component manufacturing; distribution and sale; and post-sales services. Major players in the market are Agilent Technologies, Inc.(U.S), Shimadzu Corporation(Japan), Thermo Fisher Scientific, Inc. (U.S.), and PerkinElmer, Inc.(U.S.).
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