Cleanroom Consumables Market to Expand at a Modest CAGR of 4.15% by 2023
Global Cleanroom Consumables Market: Analyst’s Opinion
At certain facilities, maintenance of contamination-free environment is paramount. For healthcare organizations, cleanroom conditions go a long way towards ensuring that pollutants such as microorganisms and dust are refrained from spreading, as otherwise they can infect the caregivers, support staff, and visitors. On the back of improving healthcare infrastructure across emerging economies and thereby mushrooming of medical facilities, plus prosperity of the electronics industry – the market for cleanroom consumables such as gloves, masks, wipers, coverall, boot and shoe cover, mops, and buckets and squeegees is flourishing. According to this business intelligence study, the demand in the global cleanroom consumables market will expand a steady CAGR of 4.15% during the forecast period of 2017 to 2023. Revenue-wise, the market is poised to attain a valuation of US$11,315.6 mn by 2023.
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Apart from the healthcare and electronic industry, cleanroom consumables market is gaining further traction from the fields of pharmaceuticals, biotechnology, and aerospace. Growing awareness among larger targeted customers for the benefits these consumables come with, decreasing cost of the products as a result of innovative production methods, and growing field of nanotechnology are some of the other drivers of the global cleanroom consumables market. On the other hand, complexity and varied regulations across different countries, which makes trading difficult, and increasing cost of raw materials are a few restraints mitigating the pace at which cleanroom consumables market has the potential to expand at. That being said, a number of pharmaceutical companies have shifted their manufacturing of generic drugs and active pharmaceutical ingredient to the emerging economies of India, China, South Korea, and Malaysia, which is expected to open vast new opportunities in cleanroom consumables market in the near future.
Gloves to Stay as the In-demand Product Segment Until 2023
Based on product type, the market for cleanroom consumables has been segmented into apparels, products, stationary, wipers, gloves, and adhesive mats. The apparels segment has been sub-segmented into coveralls, shoe covers, boot covers, frocks, sleeves, bouffants, and pants, face masks, and hoods, whereas products have been further divided into mops, cleaning chemicals, validation swabs, and buckets, wringers, and squeegees. Cleanroom stationaries are broken down into notebooks and adhesive pads, papers, labels, and binders and clipboards. Wipers can be dry and wet. Among these, gloves are the most in-demand segment, promising to generate a revenue of US$3,292.8 mn by 2023.
On the other hand, the sub-segments of apparels constituted for the second most prominent chunk of demand in the cleanroom consumables market in 2017, at US$1,962.6 mn, and is expected to hold onto its position despite a slightly slower growth rate. Among cleanroom apparels, coverall and frocks are in stronger demand. Generally, coveralls (also called as jump suits) are used in medical device and biotechnology cleanrooms for complete body protection and minimum contamination. However, frocks and pants are also used depending on the manufacturing process and class of cleanroom.
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Electronics and Healthcare Industries Key End-users
Application-wise, the cleanroom consumables market has been bifurcated into electronics, biotechnology, aerospace and defense, pharmaceuticals, medical devices, and others. As of 2017, the electronics applications were producing most of the demand and the segment is projected for an above-average CAGR of 5.0% during the forecast period of 2017 to 2023. By the end of 2023, the electronics industry is poised to cultivate a demand for cleanroom consumables that will be worth US$5,261.8 mn. The radical manner with which the sales of electronic goods such as smartphones, laptops, and tablets have increased is the primary driver of this segment.
Asia Pacific Producing Most Prominent Chunk of Demand
Geographically, the report gauges the potential of demand for cleanroom consumables that can be expected out of the regions of Asia Pacific, Europe, North America, and the rest of the world. As of 2017 and throughout the foreseen period until 2023, Asia Pacific is anticipated to provide for more than half of the total demand. By 2023, the Asia Pacific cleanroom consumables market is estimated to attain a valuation of US$6,144.4 mn, gaining traction from high demand for health care and electronics related products in forthcoming years. In terms of countries, China has a major share in the Asia Pacific region due to mushrooming of bulk manufacturing sites and strong distribution network. The analyst of this business report has estimated the China cleanroom consumables market to produce a revenue of US$2,150.5 mn by 2023.
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