Chromatography Tubing Market Size, Emerging Trends, Forecasts, and Analysis 2021-2026 [Business]
NOV 25,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Chromatography Tubing Market.
During the forecast period, the Chromatography Tubing Market is expected to grow at a CAGR of 5.5% to reach a market value of US$ 25.9 million by 2026. The market did witness a modest slump as a result of the COVID pandemic since many countries implemented the lockdown measure, which hampered both, sales and production of the chromatography consumables. However, likely, the chromatography market would swiftly recover post the pandemic, largely due to the increasing demand from the pharmaceutical sector. Factors, such as the technological advancements in chromatography instruments, rising investments in the life science industry, and surge in the demand for drug discovery aid the market growth immensely.
On the basis of product type, the market is divided into autosampler loops and column tubes. A bulk of autosampler loops are used in high-performance liquid chromatography, such as HPLC and UPLC. In 2020, the market for autosampler loops was several times that of column tubes. It (autosampler loop tube) is also expected to be the faster-growing segment as compared to the column tubes during 2021-2026, propelled by the rising demand for HPLC and UPLC devices.
Based on the material type, the market is segmented into PEEK tubing, stainless steel tubing, and other tubing. Since stainless steel has several advantages such as low cost, high availability, and ability to support high pressure. It is the major material used in chromatography tubes. However, despite all these features, it is a heavy material, which results in increasing the operating costs. Therefore, the manufacturers of chromatography tubes are gradually shifting towards the usage of peek polymer, which not only possesses all the positive qualities of stainless steel but is also an inert and lightweight material, albeit a bit expensive. Other materials, such as titanium and nickel, are also used for manufacturing chromatography tubes, but they are not as widely used as stainless steel and peek polymer.
Similarly, based on application type, the market has been classified into pharmaceutical, biotechnology, petrochemical, and others. Among these applications, pharmaceutical and biotechnology were dominant in 2020, collectively accounting for over two-thirds of the total market share in the same year. Moreover, due to a number of factors such as the rising investments in the manufacturing of drugs and increasing development of pharmaceutical infrastructure along with the establishment of new medical centers in various parts of the globe, the pharmaceutical application is likely to be the fastest-growing market segment, during the forecast period.
As a large number of chromatography system manufacturers, component manufacturers, distributors, and raw material suppliers are present in the North American region, it dominated the global market in 2020. Also, Asia Pacific is estimated to be the fastest-growing region during 2021-2026, due to the large investments in the life science, oil and gas, and agriculture sectors, in recent years. The countries such as China, India, and Japan are expected to contribute majorly to the regional growth.
Key Players:
• Agilent Technologies
• Shimadzu Corporation
• Thermo Fisher Scientific
• Tosoh Corporation
• Waters Corporation
• HandyTube Corporation
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Chromatography Tubing Market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
Customization of the Report:
This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.
You can mail our sales team at (sales@stratviewresearch.com) and get in touch with us on +1-313-307-4176 to share your research requirements.
About Us: Stratview Research is a trusted global market intelligence and strategic consulting firm providing inclusive range of services to multiple clients across a wide array of industries. Our team of veterans and analysts have extensive experience in executing custom research projects for mid-sized to fortune companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, and more.
During the forecast period, the Chromatography Tubing Market is expected to grow at a CAGR of 5.5% to reach a market value of US$ 25.9 million by 2026. The market did witness a modest slump as a result of the COVID pandemic since many countries implemented the lockdown measure, which hampered both, sales and production of the chromatography consumables. However, likely, the chromatography market would swiftly recover post the pandemic, largely due to the increasing demand from the pharmaceutical sector. Factors, such as the technological advancements in chromatography instruments, rising investments in the life science industry, and surge in the demand for drug discovery aid the market growth immensely.
On the basis of product type, the market is divided into autosampler loops and column tubes. A bulk of autosampler loops are used in high-performance liquid chromatography, such as HPLC and UPLC. In 2020, the market for autosampler loops was several times that of column tubes. It (autosampler loop tube) is also expected to be the faster-growing segment as compared to the column tubes during 2021-2026, propelled by the rising demand for HPLC and UPLC devices.
Based on the material type, the market is segmented into PEEK tubing, stainless steel tubing, and other tubing. Since stainless steel has several advantages such as low cost, high availability, and ability to support high pressure. It is the major material used in chromatography tubes. However, despite all these features, it is a heavy material, which results in increasing the operating costs. Therefore, the manufacturers of chromatography tubes are gradually shifting towards the usage of peek polymer, which not only possesses all the positive qualities of stainless steel but is also an inert and lightweight material, albeit a bit expensive. Other materials, such as titanium and nickel, are also used for manufacturing chromatography tubes, but they are not as widely used as stainless steel and peek polymer.
Similarly, based on application type, the market has been classified into pharmaceutical, biotechnology, petrochemical, and others. Among these applications, pharmaceutical and biotechnology were dominant in 2020, collectively accounting for over two-thirds of the total market share in the same year. Moreover, due to a number of factors such as the rising investments in the manufacturing of drugs and increasing development of pharmaceutical infrastructure along with the establishment of new medical centers in various parts of the globe, the pharmaceutical application is likely to be the fastest-growing market segment, during the forecast period.
As a large number of chromatography system manufacturers, component manufacturers, distributors, and raw material suppliers are present in the North American region, it dominated the global market in 2020. Also, Asia Pacific is estimated to be the fastest-growing region during 2021-2026, due to the large investments in the life science, oil and gas, and agriculture sectors, in recent years. The countries such as China, India, and Japan are expected to contribute majorly to the regional growth.
Key Players:
• Agilent Technologies
• Shimadzu Corporation
• Thermo Fisher Scientific
• Tosoh Corporation
• Waters Corporation
• HandyTube Corporation
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Chromatography Tubing Market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
Customization of the Report:
This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.
You can mail our sales team at (sales@stratviewresearch.com) and get in touch with us on +1-313-307-4176 to share your research requirements.
About Us: Stratview Research is a trusted global market intelligence and strategic consulting firm providing inclusive range of services to multiple clients across a wide array of industries. Our team of veterans and analysts have extensive experience in executing custom research projects for mid-sized to fortune companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, and more.
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