Gas chromatography is an analytical technique that separates and analyzes compounds that can be vaporized without decomposition. It is mainly used in a wide array of industrial applications such as medicines, food processing, forensic science, environmental analysis and many others. Gas chromatography helps in separating mixtures of compounds from a gaseous mixture by exploiting differences in their volatilities and abilities to adhere to a stationary phase surface. The technique allows separation, identification, and quantification of compounds in a gaseous sample.
The global gas chromatography market is estimated to be valued at US$ 3.4 Bn in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023-2033, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increasing demand in forensic science and applications for environmental testing: The use of gas chromatography in forensic science has increased significantly over last few years. GC analysis helps in identifying trace evidence and analyzing seized drugs samples which is important for criminal investigations. It also finds application in environmental testing for analyzing air and water quality by identifying trace organic pollutants. Growing concerns over pollution has increased the need for pollution monitoring which is driving the demand for gas chromatography systems in environmental testing segment.
One driver from the heading is increasing demand in forensic science and applications for environmental testing. Growing concerns over pollution has increased the need for pollution monitoring which is driving the demand for gas chromatography systems in environmental testing segment. The technique allows separation, identification, and quantification of compounds in gaseous sample which helps in identifying trace pollutants and ensuring compliance with regulatory standards.
SWOT Analysis
Strength: Gas chromatography is widely used technique for separation and analysis of complex mixtures. It can detect different compounds present in a mixture with high accuracy. GC provides reproducible and quantitative results for both volatile and semi-volatile organic compounds. GC is a robust technique and provides reliable results.
Weakness: GC requires skilled labor and initial investment for equipment is high. Sample preparation steps can be time consuming for complex samples. Reproducibility of results might be affected by minor changes in experimental conditions.
Opportunity: Growing food and beverage industry is creating demand for GC in quality testing. Growing emphasis on drug development is fueling GC adoption in pharmaceutical industry. Rise in environmental pollution levels will drive demand for GC in pollution monitoring.
Threats: Alternative separation techniques like HPLC can replace GC for some applications. Availability of refurbished equipment at lower prices might reduce demand for new instruments. Shift to online monitoring devices may decrease sales of traditional benchtop GC systems.
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$ 4.56 Billion in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023-2030.
The North American region currently dominates the market due to presence of major global players and growing focus on food safety and environmental monitoring in the region. The Asia Pacific region is expected to grow at the fastest rate during the forecast period due to rising pharmaceutical and biotechnology industries and increasing government support for laboratory infrastructure development.
Key players operating in the gas chromatography market are Agilent Technologies, Shimadzu Corporation, Thermo Fisher Scientific, PerkinElmer, and Merck KGaA. These companies account for majority of the global market share due to their wide product portfolio and global presence. Various strategies adopted by key players like new product launches, collaborations, and acquisitions will further drive the market growth in coming years.
