Guanidinium Thiocyanate (GTC) Market size is estimated to be USD 15 Million in 2024 and is expected to reach USD 25 Million by 2033 at a CAGR of 6% from 2026 to 2033.
The global Guanidinium Thiocyanate (GTC) market was valued at approximately USD 123.2 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2030. This growth is attributed to the increasing demand for GTC in molecular biology, research, and diagnostics. The market is also driven by its applications in RNA extraction and purification processes, which are crucial for the pharmaceutical and biotechnology sectors. Furthermore, the rise of personalized medicine and advancements in biotechnology are anticipated to fuel the market expansion over the forecast period.
Regionally, North America holds the largest share of the Guanidinium Thiocyanate (GTC) market, with a market size of approximately USD 45.6 million in 2022. The region’s dominance is driven by strong investments in biotechnology research and a high demand for advanced molecular biology reagents. Europe follows closely, with a substantial market share of USD 39.8 million, owing to the regions thriving healthcare and life sciences industries. The Asia Pacific region is expected to witness the highest growth rate, registering a CAGR of 6.2% during the forecast period, fueled by expanding pharmaceutical and biotechnology sectors, especially in countries like China and India.
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Merck
Thermo Fisher
ROTH
Gold Biotechnology
Teknova
Promega
ITW
Tokyo Chemical Industry
Glentham Life Sciences
Polysciences (Ott Scientific)
Bio Basic
SRL
Tianzi Chemical
Zhejiang Johon Chemical
Yeasen Biotechnology
Zheng Xingyuan Chemical
Gree Chem
Beyotime Biotechnology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Guanidinium Thiocyanate (GTC) Market
Biotechnology
Pharmaceuticals
Diagnostics
Research & Development
Industrial Applications
Research Laboratories
Pharmaceutical Companies
Biotechnology Firms
Academic Institutions
Contract Research Organizations (CROs)
Technical Grade
Reagent Grade
Pharmaceutical Grade
Liquid
Powder
Direct Sales
Distributors
Online Retail
Specialty Stores
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Guanidinium Thiocyanate (GTC) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Guanidinium Thiocyanate (GTC) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Guanidinium Thiocyanate (GTC) Market, By Type
6. Global Guanidinium Thiocyanate (GTC) Market, By Application
7. Global Guanidinium Thiocyanate (GTC) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Guanidinium Thiocyanate (GTC) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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