Gas Chromatography Market Expected to Reach $3.2 Billion by 2031: AMR
The increase in the adoption of gas chromatography techniques in the drug discovery process, the growing popularity of hyphenated chromatography techniques, and the wide applications of gas chromatography in various fields such as pharmaceutical industries, chemical and food industry, environmental testing laboratories and forensics are expected to drive the growth of the global gas chromatography market. By region, the Asia-Pacific region is expected to cite the fastest CAGR by 2030.
Portland, OR, June 28, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the gas chromatography market generated $1.7 billion in 2021 and is expected to reach $3.2 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031. The report provides an in-depth analysis of the top pockets of investment, winning strategies, drivers and opportunities, market size and estimates, competitive scenario and hesitant market trends.
The increase in the adoption of gas chromatography techniques in the drug discovery process, the growing popularity of hyphenated chromatography techniques, and the wide applications of gas chromatography in various fields such as pharmaceutical industries, chemical and food industry, environmental testing laboratories and forensics are expected to drive the growth of the global gas chromatography market. On the other hand, the high cost of gas chromatography equipment is expected to hamper the growth to some extent. However, continued advancements in gas chromatography columns for petrochemical applications are expected to create remarkable opportunities for the industry.
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The COVID-19 outbreak has had a positive impact on the growth of the global gas chromatography market, owing to the rapid spread of infections in various countries across the world.
Many researchers have effectively used chromatography technologies to understand the SARS-CoV-2 virus and develop improved therapies, vaccines, and diagnostic tools to help fight the COVID-19 pandemic.
Thus, the demand for Gas Chromatography has increased significantly, which has had a positive impact on the market.
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The report offers a detailed segmentation of the global gas chromatography market based on product, end-user, and region.
Based on product, the consumables and accessories segment held the largest market share in 2021, capturing nearly three quarters of the global market. Furthermore, the same segment is expected to quote the fastest CAGR of 6.3% during the forecast period. Other segments analyzed in the report include instruments.
On an end-user basis, the pharmaceutical and biotechnology companies segment held the majority of the market share in 2021, holding more than two-fifths of the global market. Other segments analyzed in the report include academic and research institutes, food and beverage companies, etc.
By region, the North American market held the lion’s share in 2021, capturing more than a third of the global market. The Asia-Pacific region, on the other hand, is expected to quote the fastest CAGR of 7.4% during the forecast period.
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Key players analyzed in the Global Gas Chromatography Market report are Agilent Technologies, Bruker Corporation, Danaher Corporation (Phenomenex), Merck KGAA, PerkinElmer, Inc., Restek Corporation, Shimadzu Corporation, Thermo Fisher Scientific, Inc. , Leco Corporation and SRI. Instrument.
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“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your referenceconsidering the impact of Covid-19 on this market which will help you to assess the aftereffects of the pandemic on the short and long term growth trends of this market.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 industry verticals, including Life sciencesconsumer goods, materials and chemicals, construction and manufacturing, food and beverages, energy and electricity, semiconductors and electronics, automotive and transport, ICT and media, aerospace and defense and BFSI.
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