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1 MarketsandMarkets Publisher Sample Phone: (US) or or (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am - 5:30pm EST customerservice@marketresearch.com MarketResearch.com
2 GAS CHROMATOGRAPHY MARKET By Instrumentation [Systems, Detectors, Autosamplers, Fraction collectors], By Consumables & Accessories [Columns, Fittings & Tubings, Flow Management], By Reagents [Analytical, Preparative] ANALYSIS & GLOBAL FORECAST TO 2019 It s all about markets MARKETSANDMARKETS sales@marketsandmarkets.com
3 MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers fourteen industry verticals, including aerospace and defense, advanced materials, automotives and transportation,, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. Copyright 2015 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets. 1
4 Market Size ($Million) Gas Chromatography Market - Analysis & Global Forecast to EXECUTIVE SUMMARY The gas chromatography market is expected to grow rapidly while it gains importance as a major separation technique in various industries such as pharmaceutical, biopharmaceutical, research, and academics. Pharmaceutical and biotechnology industries are major end users of both analytical as well as bioprocess/preparative gas chromatography products. Increased investments, funding, and grants by government bodies worldwide; the incessant rise in the number of collaborations and acquisitions; increase in the number of conferences; and various technological advancements are the other key factors propelling the growth of the gas chromatography market, globally. However, the high cost of chromatography systems and the need for skilled personnel to operate high-end systems are major factors hindering the growth of this market. One pivotal factor driving the growth of the gas chromatography market is the increased importance of gas chromatography tests in drug approval. The pharmaceutical industry is growing at a brisk pace, which is compelling pharmaceutical companies to get their drugs in the market as quick as possible. For instance, the Indian pharmaceutical industry is expected to expand at a CAGR of around % from to reach around $ billion by (Source: Credit Rating Information Services of India Limited (CRISIL)). FIGURE 1 GLOBAL GAS CHROMATOGRAPHY MARKET SIZE SNAPSHOT (2014 VS. 2019) 1, , , , , % % % CAGR (%) Instrumentation Accessories & Consumables Reagents Source: Research Institute for Chromatography (R.I.C.), Chromatographic Society (ChromSoc), Chinese American Chromatography Association (CACA), Chromatographic Society of India, European Society for Separation Science, Gas Processors Association, Chromatography Institute of America, Expert Interviews, Press releases, and MarketsandMarkets Analysis. The global gas chromatography market is valued at $ million in 2014 and expected to reach $ million by 2019 at a CAGR of %. The gas chromatography reagents market holds the largest share of the total gas market, valued at $ million in 2014 and poised to reach $ million by The large size of the market is attributed to wide usage of gas chromatography reagents in the pharmaceutical, academic, food and beverage, nutraceutical, and cosmetics industries. Pharmaceutical industries invariably use gas chromatography reagents for the identification and purification of lead compounds used in drug manufacturing. In the gas chromatography reagents market, analytical reagents account for the largest share %. 2
5 2 PREMIUM INSIGHTS 2.1 GROWTH RATE ACROSS REGIONS FIGURE 2 ASIAN GAS CHROMATOGRAPHY MARKET WILL GROW AT HIGHEST CAGR IN THE FORECAST PERIOD % North America % Europe % Asia % 7% RoW The numbers in circles indicate CAGR% ( ) Source: Research Institute for Chromatography (R.I.C.), Chromatographic Society (ChromSoc), Chinese American Chromatography Association (CACA), Chromatographic Society of India, European Society of Separation Science, Gas Processors Association, Chromatography Institute of America, Expert Interviews, Press Releases, and MarketsandMarkets Analysis. 3
6 3 INDUSTRY ANALYSIS 3.1 COMPETITIVE POSITIONING, BY KEY PLAYER (2014) PORTER S FIVE FORCES ANALYSIS FOR THE GAS CHROMATOGRAPHY MARKET The competitive environment prevailing in the global gas chromatography industry can be analyzed through Porter s Five Forces analytical framework. FIGURE 3 PORTER S FIVE FORCES ANALYSIS GLOBAL GAS CHROMATOGRAPHY MARKET Intensity of Competitive Rivalry Intensity Segment of Rivalry Competitive Rivalry Threat of New Entrants Buyer s Bargaining Power Threat of Substitutes Supplier s Bargaining Power Note: Score for each force is mean score of its parameters Source: MarketsandMarkets Analysis The competitive environment in the global gas chromatography industry can be therefore rated as: Intensity of Competitive Rivalry: High Threat of Substitutes: Low Supplier s Bargaining Power: Medium-High Buyer s Bargaining Power: Low-Medium Threat of New Entrants: Low 4
7 Gas Chromatography Gas Chromatography Market - Analysis & Global Forecast to GAS CHROMATOGRAPHY MARKET, BY END USER 4.1 INTRODUCTION Chromatography is a powerful separation technique used in all branches of science. It is the most popular technique for the separation of components from complex mixtures. Since its inception, the ease and convenience of use of this separation technique has increased substantially and currently, it is used for analysis and isolation of components from highly complex mixtures. As a result of various technological advancements in chromatography, its extent of use and application areas have increased. Government Laboratories and academic and research institutes, pharmaceutical and biotechnology industries; food and beverage industries; hospitals and clinics for diagnostic purposes; nutraceutical, cosmetics, and environmental industries are the end users of chromatography products. A number of factors such as the rise in pharmaceutical and biotechnology markets, increased utilization of chromatographic separation techniques in academics as well as research on drug and biologics development, utilization of chromatography for purification of drinking water, employment of chromatographic processes for diagnostic purposes in hospitals/clinics, and the application of chromatographic separation and purification techniques in food and beverage, cosmetics, and environmental industries are leading to a rise in demand of chromatography globally. Gas chromatography has application in the separation of volatile materials. Hydrocarbon analysis is also carried out with the help of GC, especially for gasoline. Other GC applications include identification and determination of metabolites in plant cell, monitoring sugar and sugar alcohols in microbial media, and evaluating antioxidant and antimicrobial activities of various solvent extracts. FIGURE 4 END USERS FOR GAS CHROMATOGRAPHY Pharmaceutical, Biopharmaceutical, & Biotechnology Industries Government Laboratories and Academic and Research Institutes Food & Beverage Industry Hospitals & Clinics End Users Cosmetics Industry Nutraceutical Industry Environmental Agencies Others Source: Research Institute for Chromatography (R.I.C.), Chromatographic Society (ChromSoc), Chinese American Chromatography Association (CACA), Chromatographic Society of India, European Society for Separation Science, Gas Processors Association, Chromatography Institute of America, Expert Interviews, and MarketsandMarkets Analysis. 5
8 5 GAS CHROMATOGRAPHY MARKET, BY REGION 5.1 NORTH AMERICA INTRODUCTION The North American gas chromatography market comprises the U.S. and Canada. In terms of value, this segment is poised to reach $ million by 2019 from $ million in 2014, at a CAGR of % from 2014 to North America is the largest contributor to the global gas chromatography market and slated to grow even further, due to augmented research activities for the development of drugs and biologics, government investments, and conferences in the region. 6
9 FIGURE 5 U.S. WILL BE THE FASTEST-GROWING COUNTRY OF NORTH AMERICAN GAS CHROMATOGRAPHY MARKET North America as an important segment of Global Gas Chromatography market U.S.: Gas Chromatography Market, 2014 ($Million) North America accounts for % of global gas chromatography market (2014) Expected to grow at a CAGR of % ( ) Instruments Accessories & Consumables Reagents The U.S. commands ~% share of North American market The U.S. is the fastest growing country in the global gas chromatography market Instruments Accessories & Consumables Reagents Canada: Gas Chromatography Market, 2014 ($Million) Instruments Accessories & Consumables Reagents U.S. Market Size (2014): $ Million CAGR ( ): % North American Gas Chromatography Market Market Size (2014): $ Million CAGR ( ): % CANADA Supporting the growth of gas chromatography market in North America Increased funding in medical research FDA approval on chromatography results Growing proteomics research in the U.S. Government & venture capitalist investment in Canada Source: Research Institute for Chromatography (R.I.C.), Chromatographic Society (ChromSoc), Chinese American Chromatography Association (CACA), Chromatographic Society of India, European Society for Separation Science, Gas Processors Association, Chromatography Institute of America, Expert Interviews, Press Releases,, and MarketsandMarkets Analysis. 7
10 5.2 REST OF THE WORLD (ROW) INTRODUCTION F l o u r i s h i n g b i o t e c h n o l o g y & p h a r m a c e u t i c a l m a r k e t s i n B r a z i l, M e x i c o, & A f r i c a, t o b o l s t e r t h e g r o w t h o f t h e m a r k e t TABLE 1 MIDDLE EAST & AFRICA: GC ACCESSORIES & CONSUMABLES MARKET SIZE, ($THOUSAND) Accessories & Consumables CAGR% ( ) Columns Column Accessories Autosampler Accessories Flow Management Consumables & Accessories Fittings & Tubings Mobile Phase Accessories Pressure Regulators Others Total Source: Research Institute for Chromatography (R.I.C.), Chromatographic Society (ChromSoc), Chinese American Chromatography Association (CACA), Chromatographic Society of India, European Society for Separation Science, Gas Processors Association, Chromatography Institute of America, Expert Interviews, Press Releases, and MarketsandMarkets Analysis. Columns are expected to account for the largest share % of the Middle East & Africa accessories and consumables market in This segment is poised to reach $ thousand by 2019 from $ thousand in 2014, at a CAGR of % during the forecast period TABLE 2 MIDDLE EAST & AFRICA: GC COLUMNS MARKET SIZE, ($MILLION) Columns CAGR% ( ) Capillary Packed Total Source: Research Institute for Chromatography (R.I.C.), Chromatographic Society (ChromSoc), Chinese American Chromatography Association (CACA), Chromatographic Society of India, European Society for Separation Science, Gas Processors Association, Chromatography Institute of America, Expert Interviews, Press Releases, and MarketsandMarkets Analysis. Capillary columns are expected to account for the largest share % of the Middle East & Africa gas columns market in This segment is poised to reach $ million by 2019 from $ million in 2014, at a CAGR of % during the forecast period. 8
11 6 COMPETITIVE LANDSCAPE 6.1 MARKET SHARE ANALYSIS, GAS CHROMATOGRAPHY MARKET THERMO FISHER SCIENTIFIC, I NC. Thermo Fisher Scientific, Inc. (U.S.) held the second position in the global gas chromatography instruments market with a market share of ~% in The firm also held the second position in the global gas chromatography accessories and consumables market with a market share of ~% in The chromatography systems offered by the company include high-performance liquid chromatography, ion chromatography, and gas chromatography systems. These products are offered to the pharmaceutical industry, biotechnology industry, and academic and government institutes. The company reaches to its customers through its broad sales force, more than million printed catalogs in eight different languages, and a global network of resellers and distributors. The company has approximately sales and service personnel, including over highly trained technical specialists who meet the needs of the technical end users. The company is equipped with an international network of warehouses, specialized product vaults, and warehouse management systems, which maintain inventory and coordinate product delivery. The company s transportation capabilities include a dedicated fleet of delivery vehicles as well as parcel shipping capabilities, which are closely integrated with third-party parcel carriers. Throughout the product delivery process, the company provides its customers with a convenient access to comprehensive electronic systems, enabling automated catalog search, product order, and invoicing and payment capabilities. With an aim to reduce the burden on manufacturing and administrative tasks, the company offers some products that are manufactured by third parties but are marketed under its own brand name. The company also provides a variety of specialized services to its customers through its Unity Lab Services team. These services include training, equipment servicing, and asset management. The team also provides dedicated supply management personnel who manage the procurement, movement, and inventory of laboratory supplies to streamline processes, increase resource availability, and reduce inventory management costs. Moreover, the scientific support services of the company include desktop delivery, coordination of instrument calibration and services, and on-site customer services. Technological Innovation was the banner of the company for the year The company invested $ million on R&D in 2013, an increase of % over $ million in In September 2014, the company launched GC-MS which can run both single and triple quadrupole methods. This product is specifically targeted for laboratories performing environmental analysis, forensics testing, or other single quadrupole gas chromatography-mass spectrometry (GC-MS). Moreover, it allowed easy, cost-effective way of analysis and enabled the company to increase its existing product portfolio. The company also launched a new generation of GC-MS/MS called TSQ 8000 Evo triple quadrupole gas chromatography-mass spectrometry (GC-MS) system in June The system is designed to deliver more sensitivity at faster speeds than its predecessor, and enabled the company to increase its existing product portfolio. The company is expanding its presence in the Asia-Pacific region and other emerging markets through heavy investments in these regions. In June 2013, the company invested $ million to open a new factory in Suzhou (China), in order to meet the needs of life science customers for laboratory consumables and equipment. The Asia-Pacific region accounted for ~% of the company s total revenue in
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