Global Chromatography Market 2016-2020
Chromatography is a technique in which a mixture is passed into solution or suspension through a path in which the components move at different rates. It is used to separate the components of a liquid with great accuracy. There are several types of separation techniques such as liquid chromatography, gas chromatography, and electrophoresis. The technique used depends on the solvent conditions such as pressure and temperature.
Technavio’s analysts forecast the global chromatography market to grow at a CAGR of 5.42% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global chromatography market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of chromatography systems.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Chromatography Market 2016-2020
Technavio recognizes the following companies as the key players in the global chromatography market: Agilent Technologies, Bio-Rad Laboratories, Shimadzu Corporation, and Thermo Fisher Scientific.
Other prominent vendors in the market are: Becton, Dickinson and Company, Helena Laboratories, Pall Corporation, Perkin Elmer, Phenomenex, Regis Technologies, Repligen, Tosoh Corporation, VWR International, Waters Corporation, W.R Grace and Co., and ZirChrom Separations.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is increase in the use of hyphenated technology. Hyphenation is the combination of one or more functions into a single product. It often requires two individual instruments to be built under a single casing, which can work in tandem with each other. This has resulted in an increased adoption of gas chromatography- mass spectrometry (GC-MS). Fire investigation, environmental analysis, drug detection, explosives investigation, and identification of unknown samples are some of the applications of GC-MS. It also finds its application in airport security to detect substances in the luggage of travelers. It can also identify trace elements in materials that have disintegrated beyond identification.”
According to the report, one of the primary drivers in the market is growing food safety concerns. Today, the supply of food is more diverse and more highly processed than ever before. To ensure the safety and nutritional quality of food, many countries such as the US have promulgated regulations stipulating suitable levels for chemical additives, contaminants in food products, and residues. Other regulations require listing of ingredients relating to nutritional content such as the amount of unsaturated and saturated fat. Food manufacturers and processors must assess product quality themselves.
Further, the report states that one major challenge in the market is high cost of equipment. On average, a chromatography system costs approximately $3,950. The cost increases with the increase in customization, which includes purchasing accessories or customizing the sample handling settings. The cost of the equipment also depends on the level of accuracy that needs to be provided when it comes to processing, detection, and analysis of samples.
Agilent Technologies, Bio-Rad Laboratories, Shimadzu Corporation, Thermo Fisher Scientific, Becton, Dickinson and Company, Helena Laboratories, Pall Corporation, Perkin Elmer, Phenomenex, Regis Technologies, Repligen, Tosoh Corporation, VWR International, Waters Corporation, W.R Grace and Co., ZirChrom Separations.