Sunday, January 20, 2019

Cleanroom Technology Market is Predicted to Grow at 6.3% CAGR During the Forecast Period (2018–2024)

Cleanroom Technology Market
Industry Overview

The global cleanroom technology market is predicted to grow at 6.3% CAGR during the forecast period (2018–2024) with the market size reaching USD 5.5 billion by 2024. The driving factor for the growth of the market includes the increasing industry preference to certified products, rise in prevalence of infectious diseases, particularly in developing economies requires the adoption of cleanroom technology, growth of sterilized pharmaceutical products, and rise in demand of cleanroom technology solutions in various industrial practices.


Market Segmentation 

1) Insight by Product

The various products used to offer cleanroom technology solutions are:
  • Consumables 
    • Safety
      • Apparel
      • Gloves
      • Others
    • Cleaning
      • Vacuum Systems
      • Disinfectants
      • Wipes
      • Others
  • Equipment
    • Heating, Ventilating, and Air Conditioning (HVAC) Systems
    • High-Efficiency Particulate Air (HEPA) Filters
    • Fan Filter Units (FFUs)
    • Air Showers
    • Laminar Air Flow Systems and Biosafety Cabinets
    • Others

The consumables led the global cleanroom technology market by product, in 2017. This lead of consumables in size and growth is due to the large volume of products utilized in maintaining the cleanrooms, and the benefits associated with consumables with no cost of installation and maintenance in comparison to the equipment involved in the cleanroom technology.

2) Insight by Construction

On the basis of construction, the market is segmented into:
  • Standard Cleanrooms
  • Hardwall Cleanrooms
  • Pass-Through Cabinets
  • Softwall Cleanrooms

Hardwall cleanrooms held the major share in the global cleanroom technology market in 2017, owing to the economical benefits associated to it over softwall cleanrooms.

3) Insight by End User

The various end user of cleanroom technology includes:
  • Pharmaceuticals
  • Biotechnology
  • Medical Devices
  • Others
The pharmaceutical industries are the major shareholder based on end user for cleanroom technology market, and is also estimated to lead based on size during the forecast period. The category’s large size is due to the increase in the number of biopharmaceutical industries, with the requirement of certified cleanroom components.

Industry Dynamics

1) Growth Drivers

Factors that have been acting as the driving factors for the growth of this industry are:
i. Increasing industry preference to certified products
ii. Rise in prevalence of infectious diseases
iii. Growth of sterilized pharmaceutical products
iv. Rise in demand of cleanroom technology solutions in various industrial practices
v. Stringent government regulations
2) Industry Ecosystem

North American cleanroom technology market held the largest share in 2017, majorly due to factors such as the rise in the adoption rate of cleanroom technology solutions, compliance with government regulations for cleanroom, the presence of several major players in the region.

Geographic Overview
  • North America — US, Canada, and Mexico
  • Europe — UK, Germany, France, Italy, Spain, and Rest of Europe
  • Asia Pacific — Japan, China, India, Australia, and Rest of Asia-Pacific
  • Rest of the World – Brazil, South Africa, Saudi Arabia, U.A.E., and Others

The cleanroom technology products are expected to be witness highest demand in Asia-Pacific, during the forecast period. Factors such as the rise in research and development facilities in several industry sectors, and the increase in the prevalence of infectious diseases are expected to drive the growth of the regional cleanroom technology market.


Competitive Insight

The Key players in global cleanroom technology industry are: E.I. du Pont de Nemours and Company, M+W Group GmbH, Illinois Tool Works Inc., Ardmac Ltd., Kimberly-Clark Corporation, Azbil Corporation, Taikisha Ltd., Clean Air Products Inc., and Alpiq Group.

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