Cleanroom Technology Market, Analysis, Size, Development and Demand Forecast to 2020
The global Cleanroom technology market was valued at $3,107.8 million in 2014, and it is expected to grow with a CAGR of 5.7% during the period 2015 - 2020.
The global cleanroom technology market is increasing, due to growing demand for certified products. In addition, pharmaceuticals, such as vaccines, injections, and ointments, and medical devices need to be prepared in an environment that is free from microbes and particulates .This has generated the demand for cleanroom technology globally.
Based on types, the global consumables market segment is expected to witness fastest growth during the forecast period. Among the construction segment, standard cleanrooms had the largest market size in the global Cleanroom technology market during 2014; however hardwall cleanrooms are expected to witness fastest growth, with 6.1% CAGR during the period 2015 – 2020.
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The demand for certified products is increasing worldwide. Various certifications, such as National Safety and Quality Health Standards (NSQHS) and ISO check are required for maintaining the standard of products manufactured, and the process used for manufacturing them all over the world. These certifications ensure that the quality of products and process is at highest levels. Also, these certifications demand the product to be manufactured in a cleanroom, to ensure minimal or no contamination in the products.
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However, the lack of properly qualified, skilled, and experienced professionals for working in the cleanroom is hindering the growth of the global cleanroom technology market. In addition, high cost of cleanroom is also restraining the growth of the global cleanroom technology market. The rural areas in the developing countries are providing ample opportunities for the growth of the global cleanroom technology market. The increasing awareness about certified products in developing countries, such as China, India and Brazil, are laying significant opportunities for the growth of the global cleanroom technology market. The Asia cleanroom technology market is expected to witness fastest growth, with a CAGR of 6.5% during the period 2015 – 2020.
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The key companies operating in the global cleanroom technology market include M+W Group GmbH, Clean Air Products, E.I. du Pont de Nemours and Company, Kimberly-Clark Corporation, Taikisha ltd, Azbil Corporation, Illinois Tool Works, Ardmac ltd., Alpiq Group and Royal Imtech N.V.
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Jan 09, 2017