2D chromatography market to be driven by R&D activities

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 percent from 2018 to 2023, predicts MarketsandMarkets. R&D investments by pharma companies and government support, policies and initiatives to reduce environmental pollution, rising food safety concerns, and the growing petroleum industry are key factors driving the growth of the market. In 2018, the 2D gas chromatography segment is expected to account for the largest share of the global market. Based on application, in 2018, the life science research segment is expected to account for the largest share of the global market. The large share of this segment can be primarily attributed to rising R&D spending by pharma and biopharma companies. In 2018, North America is expected to account for the largest share of the market, followed by Europe. Factors such as the increasing funding for R&D activities in pharmaceutical industries, growing oil and gas industry in the United States of America, rising food safety concerns and government initiatives to improve laboratory infrastructure, and government investments for environmental protection in Canada are contributing to the large share of the market in North America.