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%.
Factors such as R&D investments by pharma companies, government support, policies and initiatives to reduce environmental pollution, rising food safety concerns, and a growing petroleum industry are driving the growth of this market. The high cost of the 2D chromatography systems are expected to restrain market growth during the forecast period.
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The 2D chromatography market is segmented on the basis of on type, application, and region.
On the basis of type, the market is segmented into 2D gas chromatography and 2D liquid chromatography. The 2D liquid chromatography segment is expected to register the highest CAGR during the forecast period. The rising demand for 2D liquid chromatography could be attributed to increasing research activity in the life sciences industry and the rising applications of liquid chromatography in biopharmaceutical and biotechnology industries. On the basis of product, the global 2D liquid chromatography is further segmented into instruments, consumables, and accessories. The instruments segment, including systems, detectors, and others, is expected to grow at the highest CAGR.
On the basis of application, the global 2D chromatography market is categorized into life science research, environmental analysis, food and beverage testing, petrochemical and natural gas analysis, and other applications, such as cosmetics and forensic studies. The life science research segment is expected to grow at the highest rate, owing to rising R&D spending by pharma and biopharma companies.
Geographically, the 2D chromatography market in the North America is expected to grow at the highest CAGR during the forecast period. Growth in the North American 2D chromatography market is attributed to increasing funding for R&D activities in pharmaceutical industries, the growing oil and gas industry in the US, rising food safety concerns and government initiatives to improve laboratory infrastructure, and government investments for environmental protection in Canada.
