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Global Cleanroom Technology Market (Size of USD 3.6 Billion in 2017) to Witness 6.3% CAGR during 2018– 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.<br><br>Moreover, the cleanroom technology has major demand in medical devices, biotechnology, and pharmaceutical industries that drives the growth of the global market. The compliance with government regulations with respect to cleanroom technology is another driving force to the growth of the market. The manufacturers offer customized solutions of cleanrooms to meet the demand of various industries, favouring the industrial growth, globally.

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Global Cleanroom Technology Market (Size of USD 3.6 Billion in 2017) to Witness 6.3% CAGR during 2018– 2024

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  1. Global Cleanroom Technology Market enquiry@vynzresearch.com www.vynzresearch.com

  2. Industry Overview Cleanroom technology is used to create a given contained space with reduced particulate contamination while maintaining other environmental parameters of temperature, pressure and humidity. These are used by industries to render their products free from adverse effects of small particles during its manufacturing process. Global cleanroom technology market was projected at USD 3,602.5 million in 2017. The cleanroom technology market is segmented into products, construction, end user, and geography. Among the available product categories, the consumables lead the global cleanroom technology market in 2017. Explore Full Report Description at: https://www.vynzresearch.com/healthcare/cleanroom-technology-market

  3. market segmentation • The various products used to offer cleanroom technology solutions are consumables and equipment. The largest market share is of consumables registering 61.1% in 2017. This large share is due to the large volume of consumables used to maintain cleanroom. The consumables are also cost effective, since these products have negligible cost of installation, and also has low maintenance cost. The commonly used cleanroom consumables include safety consumables such as apparel and gloves, and cleaning consumables such as vacuum systems, disinfectants, and wipes. • Additionally, the equipment used in cleanroom technology are 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. The industry players are developing technologically advanced equipment that will lead the category to witness a significant growth during the forecast period.

  4. Geographic Overview • North American cleanroom technology market held the largest share of 38.4% in 2017, majorly due to factors such as rise in adoption rate of cleanroom technology solutions, compliance with government regulations for cleanroom, presence of several major players in the region. • Moreover, 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 prevalence of infectious diseases are expected to drive the growth of the regional cleanroom technology market. Furthermore, the government initiative to develop and maintain healthcare infrastructure by increasing the healthcare expenditure as a percentage of the GDP is also a driving force for the growth of the cleanroom technology market in Asia-Pacific.

  5. Competition among keyplayers • In March 2018, William Hughes Group, after its acquisition of the ultrasonic cleaning company AC Services in 2015, has installed an 80m² high specification clean room rated at Class 7 in accordance with ISO 14644-1. The ultrasonic cleaning can be utilized by companies to subcontract its cleaning requirements for aerospace and hydraulics, defence, nuclear, medical, electronics and oil and gas industries. • Similarly, other leading players in the global cleanroom technology market are providing customized solutions across organizations. • Key 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.

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