Gas chromatography (GC) is a common type of chromatography used in analytical chemistry for separating and analyzing compounds that can be vaporized without decomposition. The method relies on heat for vaporizing the analyte components and an inert gaseous mobile phase to transport the vaporized analytes through a column filled with a solid stationary phase, where separation of the analytes occurs.

The global gas chromatography market is estimated to be valued at US$ 4.56 Billion in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:
The growing pharmaceutical and biotechnology industry is offering high growth opportunities for the gas chromatography market. Gas chromatography finds wide application in pharmaceutical industry for quality control testing of drugs and excipients. It is used for identification and quantification of compounds, determination of purity, and separation of isomers. Furthermore, gas chromatography coupled with mass spectrometry is extensively used in pharmaceutical analysis for drug metabolism and pharmacokinetic studies. According to Globe Newswire, the pharmaceutical analytical testing market was valued at US$ 10.5 billion in 2020 and is estimated to reach US$ 15.6 billion by 2028, growing at a CAGR of 5.1%. Thus, the increasing demand from pharmaceutical and biotechnology sector is expected to drive the growth of gas chromatography market over the forecast period.

Porter's Analysis
Threat of new entrants: The threat of new entrants is low due to significant capital required and established brands. However, opportunities exist for new players focusing on specialized applications and services.

Bargaining power of buyers: The bargaining power of buyers is high given the fragmented nature of buyers and presence of substitute techniques. Buyers can negotiate on price and demand additional services.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are multiple global suppliers for components. However, switching costs are low.

Threat of new substitutes: Threat of substitutes is moderate as alternative techniques like liquid chromatography are used for certain applications. However, GC has established usage for various applications.

Competitive rivalry: The competitive rivalry is high due to presence of large multinational companies and regional players competing on product quality, pricing and innovation.

SWOT Analysis
Strengths: Versatile technique for separation, identification and quantification of substances. Wide applicability across industries like healthcare, food and many others.

Weaknesses: High cost of instruments. Require skilled professionals for operation and maintenance.

Opportunities: Growth in biopharmaceutical industry and food and environmental testing. Emerging markets in Asia Pacific expected to drive future demand.

Threats: Substitute techniques reducing GC usage for some applications. Price pressures from buyers and intense competition.

Key Takeaways
The global Gas Chromatography market is expected to witness high growth. The global gas chromatography market is estimated to be valued at US$ 4.56 Billion in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023-2030.

North America dominated the market owing to presence of major players and advanced healthcare industry. However, Asia Pacific is expected to see fastest growth over the forecast period driven by factors like rising biopharmaceutical research, increasing adoption of GC in food testing in countries like China and India.

Key players operating in the Gas Chromatography market are Agilent Technologies, Shimadzu Corporation, Thermo Fisher Scientific, PerkinElmer, Inc., Merck KGaA., Restek Corporation, Dani Instruments S.p.A., Leco Corporation, Scion Instruments and Chromatotec.