Albany, NY -- (SBWire) -- 03/16/2021 --Cleanroom Consumables Market: Introduction
According to the report, the global cleanroom consumables market was valued at ~US$ 9.4 Bn in 2019 and is projected to expand at a CAGR of ~5% from 2020 to 2030. Advances in cleanroom laboratory setup such as modular labs and mobile laboratories and advent of nanotechnology are anticipated to drive the global cleanroom consumables market from 2020 to 2030.
Asia Pacific is expected to account for a significant share of the global cleanroom consumables market during the forecast period. The growth of the market in the region can be attributed to Asia being one of the largest users and suppliers of cleanroom consumables. Additionally, the region as a whole adheres to stringent regulatory norms contributing to the rise in the need of advanced and compliant devices and processes in cleanroom consumables. The increase in the manufacture of semiconductors, rise in electronics industry, and significant growth of the biotechnology & pharmaceuticals sector also boost the growth of the market in the region.
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The market in North America is projected to expand at a high CAGR of ~5% from 2020 to 2030. The expansion of the market in the region can be attributed to the U.S., the major market in terms of revenue. The market in the country is driven by increase in adoption of innovations and technological advancements in the cleanroom technology, such as development of modular and mobile cleanrooms.
Advent of Nanotechnology to Propel Market
Nanotechnology is a science that deals with materials, devices, and components that have size of one dimension ranging from one to 100 nanometers. Several companies operating in the cleanroom business foresee significant demand and uptake of novel miniaturized products in the diagnostic and therapeutic devices, pharmaceutical delivery systems, aeronautical, and electronics & telecommunication segments. Moreover, the onset of related research activities is expected to boost the growth of the cleanroom products as well as consumables market over the next few years.
Stringent regulatory restraints and frequent device recalls have pressurized manufacturers to maintain sophisticated processes that align with regulatory standards. This augments the demand for and frequent sales of consumables in nanotechnology-based cleanrooms. For instance, Systems on Silicone Manufacturing Company (SSMC) established a cleanroom in Singapore in November 2018. SSMC invested around US$ 300 Mn for the 4,400 square feet of establishment. In December 2018, the University of Windsor declared that the university installed a new cleanroom in order to advent nanotechnology research.
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Gloves to Dominate Global Market
In terms of product, the global cleanroom consumables market has been divided into cleanroom apparels, cleaning products, cleanroom stationery, wipers, gloves, and adhesive mats. The gloves segment held major market share in 2019 and the trend is projected to continue during the forecast period. The segment is anticipated to register the highest market attractiveness during the forecast period.
Electronics to be Highly Attractive Application
Based on application, the global cleanroom consumables market has been classified into electronics, pharmaceuticals & biotechnology, aerospace & defense, automotive, academics, medical devices, and others. The electronics segment dominated the market in 2019, accounting for 41.7% share. The trend is projected to continue during the forecast period. The growth of the segment can be attributed to increase in usage of cleanrooms in the manufacture of various devices, including precision audio products, night vision devices, and camera modules.
Competition Landscape in Cleanroom Consumables Market
The report provides profiles of leading players operating in the global cleanroom consumables market. These include Berkshire Corporation, Cantel Medical, Contec, Inc., DuPont, Micronclean, Ansell Ltd., Texwipe, Valutek, Inc., KM, Valmed, and Kimberly-Clark Corporation.
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Cleanroom Consumables Market: Emphasis on Production of Industry-Specific Products to Aid Market Growth