The global gas chromatography market is predicted to reach US$4.3 billion by 2025. This is indicated in the Gas Chromatography Market Analysis by Product, by End-use & Segment Forecasts report.
The market is anticipating a compound annual growth rate of 6.4% over the forecast period, stemming from increasing government investments in chromatography technologies coupled with rising collaborations between chromatography manufacturers and research laboratories.
The government in some parts of the world have already begun investing in chromatography techniques. The Government of Canada has invested into business innovation initiatives that are likely to help southern Ontario companies such as Natrix Separations Inc. for developing novel ideas and taking their innovations to market. This funding is expected to assist the company in designing a prototype and developing single-use membrane-based chromatography products for large-scale biopharmaceutical manufacturing.
Rising collaborations between chromatography manufacturers and research laboratories are increasing to develop, evaluate, and validate new methods. For instance, PerkinElmer, Inc., has collaborated with Waters, to get practical and sustainable scientific innovations to optimize laboratory operations and to meet regulatory compliance.
The research activities include application areas, such as food and natural product analysis, pharmaceutical analysis, chemistry, petrochemistry, polymer analysis, and environmental analysis. Additionally, Hichrom Limited, a UK-based company collaborated with the chromatographic instrument and column manufacturers, and academic institutes or groups, to provide method development support, chromatographic methodologies troubleshooting, and others.
The study also suggested that the accessories and consumables segment held a profitable market share in 2016 and is expected to grow at a significant rate over the forecast period due to a growing demand for gas chromatography accessories as they have limited durability and repetitive use.
The healthcare segment is expected to be the fastest growing segment over the forecast period because of increasing applications of gas chromatography for biopharmaceutical industries such as analysis of volatile and semi-volatile compounds, and identification of a number of chemicals in drugs.
North America is expected to dominate the gas chromatography market over the forecast period owing to increasing Canadian government investment in the gas chromatography market coupled with growing pharmaceutical and biotechnology industries.
Some of the key players in gas chromatography market are GE Healthcare, Shimadzu Corporation, Thermo Fisher Scientific Inc., Agilent Technologies, W. R. Grace & Co.-Conn., Bio-Rad Laboratories Inc., Restek Corporation, PerkinElmer Inc., Danaher Corporation, and DANI Instruments S.p.A.