Asia Pacific Gas Chromatography (GC) Market
No. of Pages: 132 | Report Code: BMIRE00030727 | Category: Electronics and Semiconductor
No. of Pages: 132 | Report Code: BMIRE00030727 | Category: Electronics and Semiconductor
The Asia Pacific gas chromatography (GC) market was valued at US$ 551.53 million in 2023 and is expected to reach US$ 960.67 million by 2031; it is estimated to register a CAGR of 7.2% from 2023 to 2031.
Gas chromatography-mass spectrometry (GC-MS) combines the separation capabilities of this chromatography method with the detection and identification capabilities of this spectrometry technique, making it a highly versatile and powerful analytical tool. The adoption of GC-MS in industries such as pharmaceuticals, environmental testing, and food safety is fueling the growth of the gas chromatography market. This technology enables precise identification and quantification of complex mixtures, including trace-level compounds, impurities, and contaminants. The sensitivity of the GC-MS technique allows it to detect tiny amounts of substances from analytes, which is crucial for ensuring product quality and safety, and regulatory compliance. In June 2022, Agilent Technologies introduced a range of advanced liquid chromatography-mass spectrometry (LC/MS) and GC/MS quadrupole mass spectrometers that incorporate enhanced instrument intelligence and diagnostics. These cutting-edge instruments are designed with optimum system uptime, enabling the proactive scheduling of routine maintenance and minimizing effects on laboratory productivity. By reducing the need for manual management of an instrument, operators can dedicate more time and attention to their analytical work. Such innovations in GC-MS further add to their popularity in end-user industries.
The Asia Pacific gas chromatography market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. As per the Gas Report data published by the International Energy Agency in 2020, the global LNG trade is expected to reach 585 bcm/y by 2025, with an increase of 21% compared to 2019. The growth of the markets in Asia is prominently attributed to the increase in LNG imports, led by China and India. Furthermore, the growing investment in the oil & gas industry will propel oil and gas production. As per the Shell LNG Outlook 2021, the global LNG demand is expected to reach 700 million tons by 2040, and the demand for natural gas continues to grow strongly in Asia Pacific countries, generating the demand for gas production, where gas chromatography technology will be widely used. With the rise in population and industrial growth, the energy demand in the region has increased. According to the International Energy Agency (IEA), Southeast Asia's energy demand rose by an average of 3% every year from 2000 to 2020. It is further expected to grow by an average of 5% every year till 2030. Such a rise in energy demand in the region made the governments expand oil production units by introducing new refineries and expanding the production capacity of the existing oil refineries. As per the Energy Information Administration (EIA), at least nine refinery projects are expected to be completed by the end of 2030 in Asia and the Middle East. The rise in oil production generates the need for gas chromatography in plants and refineries, which further fuels its market growth in Asia Pacific. Market players in the region are researching and exploring advanced technologies that help achieve carbon neutrality. For instance, in December 2023, PTT Global Chemical Public Company Limited (GC) signed a Memorandum of Understanding (MoU) with Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. (MHI-AP) to jointly study the technologies required to develop a large-scale petrochemical complex that aims to support Thailand's Carbon Neutrality by 2050. This collaboration between GC and MHI-AP will involve the study of solutions that use low-carbon fuels such as hydrogen and ammonia, as well as Carbon Capture and Storage technologies. Thus, focus to bring carbon neutrality by the market players generate the demand for gas chromatography techniques to quantify CO2 produced in various industrial sectors.
Strategic insights for the Asia Pacific Gas Chromatography (GC) provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Asia Pacific Gas Chromatography (GC) refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Asia Pacific Gas Chromatography (GC) Strategic Insights
Asia Pacific Gas Chromatography (GC) Report Scope
Report Attribute
Details
Market size in 2023
US$ 551.53 Million
Market Size by 2031
US$ 960.67 Million
Global CAGR (2023 - 2031)
7.2%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Sample Introduction Technique
By Injection Type
By End User
Regions and Countries Covered
Asia-Pacific
Market leaders and key company profiles
Asia Pacific Gas Chromatography (GC) Regional Insights
The Asia Pacific gas chromatography (GC) market is categorized into sample introduction technique, injection type, detector type, end user, and country.
Based on sample introduction technique, the Asia Pacific gas chromatography (GC) market is segmented into liquid injection, static headspace, dynamic headspace, thermal desorption, pyrolysis, and others. The liquid injection segment held the largest share of Asia Pacific gas chromatography (GC) market share in 2023.
In terms of injection type, the Asia Pacific gas chromatography (GC) market is segmented into split injection, splitless injection, and others. The split injection segment held the largest share of Asia Pacific gas chromatography (GC) market in 2023.
By detector type, the Asia Pacific gas chromatography (GC) market is divided into flame ionization detector, thermal conductivity detector, electron capture detector, thermionic specific detector, flame photometric detector, photo ionization detector, mass spectrometers, and others. The others segment held the largest share of Asia Pacific gas chromatography (GC) market in 2023.
Based on end user, the Asia Pacific gas chromatography (GC) market is categorized into oil and gas, chemical and energy, consumer products (polymer plastic), pharmaceutical, and others. The oil and gas chemical and energy segment held the largest share of Asia Pacific gas chromatography (GC) market in 2023.
By country, the Asia Pacific gas chromatography (GC) market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific gas chromatography (GC) market share in 2023.
YoungIn Chromass, Agilent Technologies Inc; Thermo Fisher Scientific Inc; Shimadzu Corp; Wasson-ECE Instrumentation; Merck KGaA; PerkinElmer, Inc. (Revvity Inc); Restek Corporation; and VUV Analytics are some of the leading companies operating in the Asia Pacific gas chromatography (GC) market.
The Asia Pacific Gas Chromatography (GC) Market is valued at US$ 551.53 Million in 2023, it is projected to reach US$ 960.67 Million by 2031.
As per our report Asia Pacific Gas Chromatography (GC) Market, the market size is valued at US$ 551.53 Million in 2023, projecting it to reach US$ 960.67 Million by 2031. This translates to a CAGR of approximately 7.2% during the forecast period.
The Asia Pacific Gas Chromatography (GC) Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Gas Chromatography (GC) Market report:
The Asia Pacific Gas Chromatography (GC) Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Gas Chromatography (GC) Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Gas Chromatography (GC) Market value chain can benefit from the information contained in a comprehensive market report.