Global GC market size is projected to reach USD 3.5 billion by 2025 from USD 2.8 billion in 2020, at a CAGR of 4.1%. Asia Pacific is projected to have the highest growth rate during the forecast period. The high growth rate of the region can be attributed to factors such as extensive sales of generics in Japan and the growth in the pharma and biotech sectors in India and China.
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The growth in this market is driven by high the growing adoption of GC-MS, rising crude & shale oil production, increasing importance of wastewater treatment, rising food safety concerns, and growing use of chromatography tests in the drug approval process.
Systems accounted for the largest market share
The systems market is subjected to account for the largest share in the GC market. The large share of this segment can primarily be attributed to factors such as increased capability to analyze complex compounds.
The columns segment accounted for the largest share of the GC market
The columns segment is estimated to account for the largest share of the global gas chromatography market. The large share of this segment can primarily be attributed to factors such as improved gas chromatography columns for the petroleum industry.
Oil and gas accounted for the largest share of the GC end-user market
The oil & gas segment is expected to account for the largest share of the global gas chromatography market. The large share of this segment can be attributed to increasing crude & shale oil production and improved gas chromatography columns for the petroleum industry.
North America will dominate the GC market during the forecast period.
North America is expected to account for the largest share of the global GC market. Market growth in this region is driven primarily by the increase in R&D funding, cannabis research, market for shale oil and gas, and food and agricultural industry.
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The global GC market is well established owing to the dominance of prominent market players such as Agilent Technologies, Inc. (US), ThermoFisher Scientific, Inc. (US), Shimadzu Corporation (Japan), PerkinElmer, Inc. (US), Restek Corporation (US), Dani Instruments S.P.A. (Italy), Chromatotec (France), Merck KGAA (Germany), Leco Corporation (US), Scion Instruments (US), Phenomenex (US), GL Sciences(Japan), OI Analytical
Objectives of the Study
· To define, describe, and forecast the global gas chromatography market on the basis of instruments, accessories and consumables, end-user industries, and regions
· To provide detailed information regarding the major factors (such as drivers, restraints, growth opportunities, and challenges) influencing the growth of the market
· To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
· To strategically analyze the market structure and profile the key players of the gas chromatography market and comprehensively analyze their core competencies
· To forecast the size of the market segments with respect to four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
· To track and analyze competitive developments such as new product launches, expansions, acquisitions, partnerships, and contracts
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