According to the new research report on "Gas Chromatography (GC) Market Size and Forecast (2021-2031), Global and Regional Share, Trends, and Growth Opportunity Analysis," published by The Insight Partners, the market is expected to reach US$ US$ 3.54 billion by 2031 and register a CAGR of 6.4% from 2023 to 2031.
The report includes growth prospects owing to the current gas chromatography (GC) market trends and their foreseeable impact during the forecast period. The gas chromatography (GC) market is experiencing significant expansion in emerging regions, particularly in Asia Pacific. This growth can be attributed to factors such as government support and the increasing adoption of this technique in various industries. The research and development sector, including both government-aided and private organizations, in countries in Asia Pacific realize the important role of advanced analytical techniques such as gas chromatography in the pharmaceutical, food & beverages, environmental monitoring, and petrochemicals industries. Governments of these countries are implementing favorable policies, providing incentives, and investing in infrastructure to promote the use of state-of-the-art technologies, including gas chromatography.
In January 2024, the Indian government made significant investments in analytical instrumentation at the CDTL site. This investment facilitated the installation of 12 high-performance liquid chromatography (HPLC) devices, one gas-liquid chromatography machine, and one ultraviolet-visible (UV-vis) spectrophotometer, among other essential instruments. This state-of-the-art equipment are likely to enable the facility to conduct a comprehensive analysis of medicine samples, ensuring that they meet the highest quality standards. These sophisticated instruments would also enable precise and reliable analysis of medicine samples, allowing for the detection of impurities, contaminants, and other quality-related parameters. By equipping the CDTL site with advanced chromatography and spectroscopy instruments, the Indian government aims to enhance the facility's capabilities in pharmaceutical quality control. Thus, the surging popularity of gas chromatography in emerging regions is likely to bring new gas chromatography (GC) market trends in the coming years.
Furthermore, France is adopting various strategies to achieve the goal of net zero carbon emissions by 2050. The government of France adopted the National Low-Carbon Strategy, which is focused on improving energy efficiency and increasing the use of renewable energy sources. This is expected to boost the demand for advanced analytical evaluation methods of various compounds in renewable power plants. According to IEA, electricity production in France grew from 531,762 GWh in 2020 to 554,821 GWh in 2021. With the rise in the production of electricity, the demand for gas chromatography technology is rising. Moreover, the launch of various pharmaceutical manufacturing units is on the rise in the country, which propels the gas chromatography (GC) market growth. For example, in February 2023, a new manufacturing facility for sterile injectable drugs opened in France for products such as antibody-drug conjugates. Also, in November 2023, Novo Nordisk announced investing more than US$ 2.3 billion to expand a drug production site in Chartres, France.
Furthermore, according to the UK Government, there were more than 400 operational power stations in 2021. These stations generate energy through different mediums such as coal, solar PV, hydronatural flow, wind onshore/offshore, natural gas, and nuclear. In addition, in March 2024, the UK government announced plans to build new gas-fired power plants and extend the life of some "aging unabated gas assets," which is expected to fuel the demand for gas chromatographs as analytical devices to measure various components and gas. In addition, there is a rise in the construction of new water and wastewater treatment plants in the UK, which propels the demand for gas chromatography as this technique is widely used in water sample analysis which is expected to fuel the growth of the gas chromatography (GC) market. A few projects are mentioned below.
- In July 2021, Lenzing Group invested US$ 27.51 million (EUR 23.3 million) in building a new wastewater treatment plant in Grimsby, UK.
- In January 2021, Anglian Water announced building a new wastewater treatment plant for the Cambridge area.
Gas Chromatography (GC) Market Report: Key Findings
The gas chromatography (GC) market analysis is based on segmental assessment. Based on end user, the gas chromatography (GC) market is segmented into oil & gas, chemical and energy, consumer products, pharmaceutical, and others. The oil & gas segment held the largest gas chromatography (GC) market share in 2023 and is expected to grow with the highest CAGR in 2023-2031. Gas chromatography plays a crucial role in the oil & gas industry, providing accurate analysis and valuable insights into the composition of petroleum products. This powerful analytical technique enables industry professionals to make informed decisions, optimize processes, and ensure compliance with regulatory standards. Gas chromatography is widely used in the oil and gas industry to analyze hydrocarbon mixtures, such as crude oil, natural gas, and refined petroleum products. By separating and identifying the individual components within these complex mixtures, gas chromatography helps determine their quality, purity, and composition.
The primary application of gas chromatography in the industry is in the analysis of crude oil samples. Gas chromatography allows for the identification and quantification of various hydrocarbons present in crude oil, including volatile compounds such as methane, ethane, and propane, as well as heavier components such as pentanes and hexanes. This information is crucial for assessing the quality and value of the crude oil, as well as for optimizing refining processes. Moreover, gas chromatography plays a vital role in the analysis of refined petroleum products. It helps determine the presence and concentration of contaminants, such as sulfur compounds, aromatics, and other impurities, which may affect the performance and compliance of these products.
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