Gas Chromatography Market Growth, Latest Trend and Forecast ...| MENAFN.COM

Tuesday, 25 January 2022 10:44 GMT

Gas Chromatography Market Growth, Latest Trend and Forecast 2021 - 2030

(MENAFN- America News Hour)

In a recently published report, Gas Chromatography Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Gas Chromatography Market products.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Gas Chromatography Market is valued approximately USD 2.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.1 % over the forecast period 2020-2027. GC is used for testing purity of substances, separating the components in a mixture, which are capable of vaporizing without undergoing decomposition. Gas chromatography is used for preparing pure compounds from mixtures, and identifying the compounds. Gas chromatography are used in forensic science for biological specimens, and crime-scene evidences. It also tests the quality of chemical products and measuring toxicity of substances. The global Gas Chromatography is being highly demanded due to the coronavirus pandemic owing to the increasing use of chromatography techniques in the approval of various drugs. In addition, increasing crude & shale oil production, collaborations between chromatography instrument manufacturers and research laboratories/academic institutes, rising adoption of GC-MS, development of policies and initiatives to reduce environmental pollution levels, rising food safety concerns and growing importance of chromatography tests in the drug approval process are the few factors responsible for growth of the market over the forecast period.
Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 04th February 2019, Agilent Technologies Inc. launched two new gas chromatography (GC) named- Agilent 8890 and 8860 GC systems, that incorporates innovative and intelligent 'self-aware' predictive technology, thus expanding product portfolio of robust analytical instruments. Whereas, high cost of gas chromatography equipment is the major factor restraining the growth of global Gas Chromatography market during the forecast period.
The regional analysis of global Gas Chromatography market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the increase in R&D funding, cannabis research, market for shale oil and gas, and food and agricultural industry. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Agilent Technologies Inc.
MNM View
Thermo Fisher Scientific Inc.
Shimadzu Corporation
PerkinElmer Inc.
Falcon Analytical System and Technologies
Restek Corporation
Dani Instruments
Merck Kgaa
Leco Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
by Instrument:
Fraction Collectors
by Accessories & Consumables:
Columns Accessories
Autosampler Accessories
Flow Management Accessories
Consumables & Accessories
Fittings & Tubing
Pressure Regulators
Gas Generators
Other Accessories
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By End-User Industry:
Oil & Gas Industry
Environmental Agencies
Food & Beverage Industry
Pharma & Biotech
Academic & Government research Institutes
Cosmetics Industry
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Gas Chromatography Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
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