Gas Chromatography Market Worth 3.90 Billion USD by 2020

PUNE, India, February 10, 2016 /PRNewswire/ --

The report "Gas Chromatography, Process Analyzers (Liquid & Gas), and Spectroscopy Market by Industry (Oil & Gas, Petrochemical, Pharmaceutical, Water & Wastewater, Food & Beverage, Pulp & Paper, Metal & Mining, and Others), And Geography - Global Forecast to 2020", published by MarketsandMarkets, the global market is expected to grow to USD 3.9 Billion by 2020, at an estimated CAGR of 8.6% between 2015 and 2020.

Browse 82 market data Tables and 121 Figures spread through 208 Pages and in-depth TOC on "Gas Chromatography, Process Analyzers (Liquid & Gas), and Spectroscopy Market"

http://www.marketsandmarkets.com/Market-Reports/process-analyzers-market-148603279.html 

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The major factors driving the growth of this market include the increasing adoption of liquid and gas analyzers in the process industries for monitoring process chemistry, including water quality and gases

The gas chromatography market is estimated to reach USD 3.90 Billion by 2020, at a CAGR of 8.60% between 2015 and 2020. The market is majorly driven by the increasing adoption of gas chromatography techniques in the process industries. Gas chromatographs help in measuring various parameters such as fatty acids, amino acids, fragrances, pesticide residues, and adulterants. The spectroscopy market is projected to reach USD 22.04 Billion by 2020, at a CAGR of 8.72% between 2015 and 2020. The factors contributing to the growth of this market include the increased focus on drug safety regulations, where spectroscopy techniques enable the detection of metals in drug samples.

The gas chromatography, process analyzers, and spectroscopy markets for the pharmaceutical industry held the largest share in 2014 

The global process analyzers, gas chromatography, and spectroscopy markets are industry driven. Based on industry, these markets have been segmented into oil & gas, petrochemical, pharmaceutical, water & wastewater, thermal power, food & beverages, pulp & paper, metal & mining, cement & glass, and others. The global process analyzers, gas chromatography, and spectroscopy markets for the pharmaceutical industry accounted for the largest share in 2014. These markets are expected to grow at a significant rate between 2015 and 2020, driven by increasing adoption of various analyzers in the pharmaceutical industry. In this industry, process analyzers offer drug safety by providing a variety of information on identity, content, quality, purity, and stability of pharmaceutical products.