Japan Guanidinium Thiocyanate (GTC) Market was valued at USD 0.04 Billion in 2022 and is projected to reach USD 0.08 Billion by 2030, growing at a CAGR of 10% from 2024 to 2030.
Guanidinium Thiocyanate (GTC), a potent chaotropic agent, plays a pivotal role in Japan's chemical and biotechnological sectors. Its primary function involves disrupting molecular interactions, facilitating the denaturation of proteins and nucleic acids. This characteristic renders GTC indispensable in various industrial applications, notably in the extraction of nucleic acids, protein refolding processes, and as a reagent in chemical syntheses.
In Japan, the demand for GTC is predominantly driven by the pharmaceutical and research industries. Biotechnology firms utilize GTC in the development of diagnostic kits and therapeutic agents, owing to its efficacy in nucleic acid purification. The reagent's role in protein refolding is crucial for producing functional recombinant proteins, which are essential in drug development and manufacturing. Moreover, academic and research institutions extensively employ GTC in molecular biology studies, further bolstering its market presence.
The market for GTC in Japan is characterized by a steady growth trajectory, attributed to the country's robust pharmaceutical research and biotechnology innovations. However, industries face challenges related to the reagent's handling, given its hazardous nature. GTC is classified as harmful if swallowed, in contact with skin, or if inhaled, and causes severe skin burns and eye damage. Therefore, stringent safety protocols are imperative during its procurement, storage, and utilization.
Supply chain dynamics also influence the availability and pricing of GTC. Japan's reliance on imports necessitates a stable international supply to meet domestic demands. Companies like Tokyo Chemical Industry Co., Ltd. offer GTC with a purity of over 99%, catering to the high standards required by Japanese industries. For instance, a 500g quantity is priced at ÂĄ18,500, reflecting the reagent's quality and demand.
In essence, Guanidinium Thiocyanate remains a cornerstone in Japan's chemical and biotechnological landscapes. Its applications are integral to advancements in pharmaceuticals and research. Addressing challenges related to its handling and supply is crucial for sustaining its role in these vital sectors.
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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
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Japan 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
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan 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. Japan Guanidinium Thiocyanate (GTC) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Guanidinium Thiocyanate (GTC) Market, By Type
6. Japan Guanidinium Thiocyanate (GTC) Market, By Application
7. Japan Guanidinium Thiocyanate (GTC) Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Guanidinium Thiocyanate (GTC) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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