Global Cleanroom Technology Market Research Report, Share, Growth, Analysis and Forecast to 2024
The global cleanroom technology market was poised at USD 3.6 billion in 2017, and is expected to reach USD 5.5 billion by 2024. The market has witnessed high demand of technically advanced cleanroom products, along with increasing preference to certified products. Also, the increasing prevalence of infectious diseases, in accordance to the growth of sterilized pharmaceutical products are factors that led to the rising demand of cleanroom products.
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The global cleanroom technology market is segmented into product, construction, and end user, and georgraphy. The cleanroom technology by product is categorized into consumables and equipment. 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 equipments involved in the cleanroom technology.
The industry on the basis of construction is categorized into standard cleanrooms, hardwall cleanrooms, pass through cabinets and softwall cleanrooms. The market for hardwall cleanroom are anticipated with high demand in future, due to the rigid framework that offers stability over softwalls, and are more economical with fast installation.
The cleanroom technology primary end user categories are medical devices, biotechnology, pharmaceutical industries. The pharmaceutical industries are the largest end user of cleanroom technology, due to the rise in number of biopharmaceutical companies, which requires certified cleanroom components. Some of the other users of cleanroom technology include hospitals, academic and research institutes, food and beverages industries, semiconductors industries, and packaging industries.
North America is the largest contributor to the global cleanroom industry, whereas Asia-Pacific is expected to witness a significant growth at a high CAGR of 6.9% during the forecast period. The growth is driven by the increased healthcare expenditure as a percentage of GDP, for the development of better healthcare infrastructure and facility. Moreover, the rise in research and development facilities in several industry sectors is another factor driving the region growth in the global market by 2024.
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The key players of the cleanroom technology industry are maintaining their competency through launching of new products. For example, in October 2017, Azbil Corporation introduced its large-diameter models ACTIVAL + (Actival Plus) motorized two-way valve with flow measurement control to its HVAC control valve lineup for the international building systems market.
Some of the leading players of the global cleanroom technology market include 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.