Gas Chromatography Market by Segments (Gas Chromatography Accessories and Consumables, Gas Chromatography Instruments, Gas Chromatography Reagents), by End-User (Agriculture Industry, Oil & Gas Industry) - Global Forecast to 2019
The report analyzes the global gas chromatography (GC) market in terms of type, end-user, and geography. The GC chromatography market has been categorized into GC instrument, GC reagent, and GC accessories & consumable. The GC reagents segment dominated the overall market, and accounted for a market share of 43.1% in 2014. The biotechnology and pharmaceuticals, oil & gas (petrochemicals), agriculture and food, and hospitals & research laboratories segments are the main end-users of gas chromatography. The geographies covered in the report are North America, Europe, Asia-Pacific, and Rest of the World (RoW). The global gas chromatography market is projected to grow at a CAGR of 7.2% from 2014 to 2019.
The market in North America contributed the largest market share of 37.3% to this market in 2014, due to the increasing number of conferences and symposiums held on chromatography technologies, assisted by the rise in venture capital funding in the U.S. The market in North America is followed by Europe, which is mainly driven by the stringent regulations regarding drug & food safety and quality, along with the increasing collaborations and agreements amongst companies engaged in developing gas chromatography equipment. The Asia-Pacific region is expected to be the fastest-growing region, and projected to grow at a CAGR of 7.69%, during the forecast period, as a result of the high demand from the pharmaceutical and biotechnology industries, and rising drug development-based research activities.
The increasing demand for petroleum, petrochemical, fine & specialty chemical, natural gas, industrial gas, from emerging markets is projected to drive the growth of global gas chromatography market. Technological advancements, such as miniaturization, automation, and computerization of devices, expansion of biotechnology and pharmaceutical industries, accompanied by the accelerated government funding has fueled the growth of this market globally. For instance, in May 2014, Sigma-Aldrich Co. LLC held the 11 GC X GC International Symposium, which delivered information on gas chromatographic techniques, and provided updates on the upcoming technologies in this market.
In-depth market share analysis, by revenue, of the top companies is also included in the report. In addition, the report has also profiled key players of the market on various parameters, such as business overview, financial overview, product portfolio, business strategies, and recent developments of the respective company. Some of the key market players of the global chromatography systems market include Agilent Technologies (U.S.), Thermo Fisher Scientific Inc.(U.S.), GE Healthcare (U.K.), Phenomenex Inc. (U.S.)., Sigma-Aldrich Co. LLC (U.S.), Shimadzu Corporation (Japan), PerkinElmer Inc. (U.S.), and W.R. Grace & Co. (U.S.)
Asia Gas Chromatography (GC) Systems Market Report
The Asia Gas Chromatography Systems market is the fastest growing market. The market value was $143.2 million in 2013 that is estimated to be $1 million by 2018, at a CAGR of 6.1%. It is segmented on the basis of end-users, components, geographies, and products. A DeepDive analysis of the top players of this domain, have been considered in the report.
European Gas Chromatography (GC) Systems Market Report
The European Gas Chromatography Systems market is the second largest market, globally. The market value was $191.1 million in 2013 that is estimated to be $247.6million by 2018, at a CAGR of 5.3%. It is segmented on the basis of end-users, components, geographies, and products. A DeepDive analysis of the top players of this domain have been considered in the report.
North American Gas Chromatography (GC) Systems Market Report
In the North America gas chromatography market, the U.S. contributes to the largest market share, basically due to the increasing number of conferences and symposiums held on chromatography technologies, assisted by the rise in venture capital funding in the U.S. The U.S. segment is followed by the market segment in Canada, which is expected to be the fastest-growing segment, in terms of growth rate, projected to grow at a CAGR of 10.2% from 2014 to 2019.