Published Date: 28-Jul-2022
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According to a new report, published by KBV research, The Global Gas Chromatography Market size is expected to reach $3.7 billion by 2028, rising at a market growth of 5.4% CAGR during the forecast period.
The Pharmaceutical & Biotechnology segment acquired maximum revenue share in the Global Gas Chromatography Market by End User in 2021, thereby, achieving a market value of $1.67 Billion by 2028. It is due to the growing application of gas chromatography by pharmaceutical & biotechnology enterprises for numerous purposes like recognition and evaluation of samples for chemicals or other component traces, segregation of chiral compounds, detection of the purity of mixture & other unknown compounds, drug development, content uniformity, and validation of drugs.
The Instruments segment is showcasing CAGR of 6.2% during (2022 - 2028). Due to technical improvements in GC systems, which result in greater capability to separate and analyze complex compounds, the instruments segment would spur the growth of the segment over the forecast period.
The North America market dominated the Global Gas Chromatography Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.36 Billion by 2028. The Europe market is estimated to witness a CAGR of 5.1% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 6.2% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Trajan Scientific and Medical Pty Ltd., LECO Corporation, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., PerkinElmer, Inc., Shimadzu Corporation, Teledyne Technologies, Inc., Merck Group, Xylem, Inc., and Restek Corporation.
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