Gas Chromatography Detector Market size was over USD 3.16 Billion in 2023 and is poised to cross USD 6.1 Billion by the end of 2036, witnessing more than 5.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of gas chromatography detector is estimated at USD 3.31 Billion. Due to evolving research, the market for gas chromatography detectors has seen a promising rise. It is projected that businesses turning their attention to innovations to stand out from the competition would help the industry develop. According to the analysis, 35% of the global market is made up by the technology sector. 90% of the data in existence today was produced between 2019 and the present. Moreover, between 2018 and 2023, the growth rate for new technology will be 104%.
Increasing government funding for R&D initiatives motivates research institutions to take part and draws firms to embrace cutting-edge technology. With R&D expenditures of around 680 billion dollars and 550 billion dollars, respectively, in 2022, the United States and China will by far be the two biggest spenders. However, smaller nations with tech-heavy economies, like Israel and South Korea, invest bigger portions of their GDPs into R&D when expenditure is seen as a share of overall gross domestic product.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
5.2% |
|
Base Year Market Size (2023) |
USD 3.16 Billion |
|
Forecast Year Market Size (2036) |
USD 6.1 Billion |
|
Regional Scope |
|
End-User Industries (Biotechnological & Pharmaceutical Companies, Research Institutes, Research Organizations, CRO’s & CMO’s)
The biotechnological & pharmaceutical segment is set to hold 40% share of the global gas chromatography detector market during the forecast period. Due to their increased use of gas chromatography techniques for a variety of purposes, including the identification and analysis of samples for the presence of chemicals or trace elements, the preparation of large quantities of extremely pure materials, the separation of chiral compounds, and the detection of mixture purity.
Type (Flame Ionization Detector (FID), Nitrogen Phosphorous Detector (NPD), Electron Capture Detector (ECD), Thermal Conductivity Detector (TCD), Flame Photometric Detector (FPD), Photoionization Detector (PID), Electrolytic Conductivity Detector (ECD), Mass Spectrometer (MS))
The flame ionization detector segment is anticipated to have 25% of the gas chromatography detector market share during the forecast period. Owing to its sensitivity and capacity to identify substances containing carbon atoms, which makes up all organic chemicals, it is now increasingly typical among academics. Additionally, the market is expanding as a result of its high dynamic range, low detection limits, affordability, and dependability.
Our in-depth analysis of the global market includes the following segments:
|
Type |
|
|
End-User Industries |
|
North American Market Forecast
North America gas chromatography detector market is expected to hold 32% of the revenue share during the forecast period. Due to the rising number of chromatography-related conferences and symposiums, together with rising venture capital financing, North America currently controls the majority of the global market for gas chromatography detector. Additionally, the expansion of the biotechnology and pharmaceutical sectors, as well as technological advancements such the miniaturization, automation, and computerization of equipment in the area, would support the growth of the gas chromatography market. In terms of revenue, the biotechnology sector's market size was USD 190.0 billion in 2022. The biotechnology sector's market size grew by 2.5% in 2022.
European Market Statistics
Europe region is expected to garner significant revenue with 28% market share. Because of the expanding government expenditures in the chromatography industry in the area, Europe is predicted to have considerable growth in the gas chromatography detector market. The business enterprise sector accounted for the majority of research and development spending between 2011 and 2021, increasing from 1.27% of GDP in 2011 to 1.50% by 2021—a jump of total 18.11%.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?