Asia-Pacific is Expected to Fuel the Growth of Gas Chromatography Market – a New Report from Data Bridge Market Research
Global Gas Chromatography Market by Device Type (Systems, Detectors, Samplers, Fraction collectors), Consumables (Columns, Fittings & Tubings, Flow Management) By Reagents (Analytical, Preparative)By Geography (North America, Europe Asia-Pacific, Rest of The World)
The Global gas chromatography market is in its nascent phase and is expected to grow prolifically in the forecast period of 2016 to 2022, due to growing demand of high performance petrochemicals, fine and specialty chemicals, natural gas, industrial gas and fuel cell industries. The unwavering focus on addressing environmental and food safety issues in developed world, expanding global biotechnology, and pharmaceutical industries and increasing government investments, funds, and grants increasing research activities in the fields of medicine, proteomics, metabolomics, and genomics fuels the chromatography accessories market.
The Global gas chromatography market has accounted value of USD 2.9 billion in 2015 and is expected to reach USD 4.7 billion by 2022. The market is dominated by the reagents segment with about 44.2% of the market followed by Accessories and consumables. The GC devices segment is dominated by systems segment which is expected to grow at the highest CAGR of 6.2% in the forecast period 2016 to 2022.
Geographically the Global gas chromatography market is segmented into 4 regions North America, Europe, Asia-Pacific and Rest of the World. North America dominates the market due to highest investment and R&D expenditure of U.S. while Asia Pacific is expected to be the highest growing market owing to large pharma manufacturers outsourcing their research and manufacturing to Asian countries to scale up their production.
Some of the major players operating in this market are Agilent Technologies, Thermo Fisher Scientific, Inc., GE Healthcare, Phenomenex, Inc., Merck & Co., Shimadzu Corporation, Perkin Elmer, Inc., Waters, and W.R Grace & Co. among others.
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