The base year considered for the report is 2017 and the forecast period is 2018–2023.
[180 Pages Report] The global 2D chromatography market is expected to reach USD 42.4 million by 2023 from USD 29.6 million in 2018, at a CAGR of 7.5% during the forecast period
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Product matrix, which gives a detailed comparison of the product portfolios of each company
Detailed analysis and profiling of additional market players (up to 3)
The global 2D chromatography market is projected to reach USD 42.4 million by 2023 from an estimated USD 29.6 million in 2018, at a CAGR of 7.5% during the forecast period. The growth of this market is majorly driven by factors such as initiatives to reduce environmental pollution, R&D investments by pharma companies, government support, and the growing petroleum industry.
The market is segmented on the basis of product, application, and region. Based on type, the market is segmented into 2D gas chromatography and 2D liquid chromatography. In 2018, the 2D gas chromatography segment is expected to account for the largest share of the global market. 2D gas chromatography is further segmented into 2D GC instruments, 2D GC consumables, and 2D GC accessories.
Based on application, the global 2D chromatography market is segmented into life science research, environmental analysis, food and beverage testing, petrochemical and natural gas analysis, and other applications. The life science research segment is expected to grow at the highest CAGR during the forecast period. R&D investments by pharma companies and government support are driving the growth of the segment.
The regional segments in this report include North America, Europe, Asia Pacific, and the RoW. Of these, North America is expected to witness the highest growth from 2018 to 2023. This growth can be attributed to the increased funding for R&D activities in pharmaceutical industries, the growing oil & gas industry in the US, rising food safety concerns and government initiatives to improve laboratory infrastructure, and government investments for environmental protection in Canada.
2D Chromatography Market
2D Chromatography Instruments are equipped with advanced features and functionalities and, thus, priced at a premium. The price of a 2D chromatography system influences the purchase decision of end users, which poses a restraint for the growth of this market.
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The major players in this market include Agilent Technologies (US), LECO (US), Waters (US), Shimadzu (Japan), Restek (US), SepSolve Analytical (UK), Merck (Germany), Danaher (US), Bio-Rad Laboratories (US), and Thermo Fisher Scientific (US).