Gas Chromatography Market | Manufacturers, Regions, Type And Application, Forecast To 2025
Seeking Alpha Analyst Since 2014
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Summary
- What the Market Looks Like?
- What are Key Trends in the Market?
The Oil and Gas industry is growing at a CAGR of 4.1% in the end user market of GC. The growth is mainly attributed toincreasing crude & shale oil production and improved gas chromatography columns for the petroleum industry.
What the Market Looks Like?
The global GC market size is projected to reach USD 3.5 billion by 2025 from USD 2.8 billion in 2020, at a CAGR of 4.1%. North America is expected to account for the largest share of the global GC market.
The growth in this market is driven by the increasing adoption of GC-MS, rising crude & shale oil production, increasing importance of wastewater treatment, rising food safety concerns, and growing use of chromatography tests in the drug approval process. However, the high cost of GC equipment, geopolitical issues prevailing in some countries, and shortage of skilled professionals are expected to restrain the growth of this market during the forecast period.
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What are Key Trends in the Market?
The growth of the Gas Chromatography Market is primarily influenced by the following factors:
- Increasing use of medical imaging modalities due to the growing burden of chronic diseases
- Growing concerns over radiation exposure
- Growing installation base of radiology equipment
- Growing awareness about radiation dose management
On the basis of accessories and consumables, the GC market is divided into columns, columns accessories, autosampler accessories, flow management accessories, consumables & accessories, fittings & tubing, pressure regulators, gas generators, and other accessories. The columns segment is estimated to account for the largest share in the global gas chromatography market. The large share of this segment can primarily be attributed to factors such as improved gas chromatography columns for the petroleum industry.
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