San Francisco, CA -- (SBWIRE) -- 10/12/2018 -- Global Cleanroom Consumables Market: Snapshot
The global market for cleanroom consumables has expanded rapidly in the past few years. A number of factors have acted in the favor of the market, with the steady expansion of key end-use sectors at the core of the healthy growth exhibited by the market in the recent years. The vast rise in set of applications of nanotechnology, for instance, in areas such as electronics, medicine, and medical devices have particularly left a significantly positive mark on the overall scope of development of the global cleanroom consumables market. Thus, cleanroom consumables have become an inseparable portion of the healthcare industry. A number of medical device manufacturers and contract manufacturing organizations have cropped up in the past years, leading to an increased for cleanrooms, which has consequently upped the consumption of cleanroom consumables.
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While developed economies such as North America and Europe continue to place strict restrictions on the quality aspect of places used for manufacturing medicines, medical devices, chemicals, and other products, the Asia Pacific region is increasingly placing stringent regulatory norms in these sectors. This is further fueling the global demand and growth prospects of cleanroom consumables. In the next few years as well, the medical sector is likely to present promising growth opportunities to the global market for cleanroom consumables. As the global demand for new drug varieties and biologics to treat the rapidly expanding patient pool of chronic diseases rises, the demand for cleanrooms and thus that of cleanroom consumables is expected to rise at a promising pace.
Global Cleanroom Consumables Market: Overview
Consumables for cleanrooms not only ensure safety, but also maintain a controlled environment during operations. Avoiding contamination by covering hands, hair, face, and shoes becomes easier with these products. Cleanroom consumable manufacturers provide a wide range of products for coverage from head to toe. Wipes, apparel, gloves, disinfectants, face masks, bouffant caps, specialty cleaners, shoe covers, goggles, tapes, mops, and swabs are some of the commonly used cleanroom consumables.
Global Cleanroom Consumables Market: Key Trends
Nanotechnology, an area that studies minuscule components, harbors a high risk of contamination. As a result, rising demand for cleanroom consumables is likely to originate from this application segment. Another key application area that will exhibit high demand is the electronics industry. In the healthcare sector, cleanroom consumables are increasingly being used in laboratories, hospitals, along with biotech and pharmaceutical product manufacturing, as concerns about safety and quality of products and services have risen.
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On the other hand, the complexity and varied nature of regulations applicable to cleanroom consumables might lead to obstacles in international trade, slackening the growth of the market. However, significant opportunities will be presented on account of the production of cheap, minuscule electronic components in countries such as India and China.
Global Cleanroom Consumables Market: Market Potential
A number of mergers and acquisitions can be observed in the global market for cleanroom consumables. For Instance, Ansell Ltd, a major global provider of protection solutions, announced its acquisition of Nitritex Limited in January 2017. Nitritex Limited is a U.K.-based firm manufacturing healthcare life science consumables and cleanroom consumables.
One of the key acquisitions in Asia Pacific is that of Aurum Healthcare by Singapore-based Accuron Technologies, a Temasek Holdings-owned technology and engineering firm. The acquisition aims at manufacturing plastic medical consumables used in procedures such as angiography and heart bypass surgeries. Under this business deal, Aurum will also offer sterilization services, assembly services and cleanroom manufacturing to Advanced Materials Technologies (AMT), a contract manufacturer, which is under Accuron's portfolio.
Similarly, in July 2017, U.K.-based Fenland Laundries acquired the remaining 50% of its joint venture with Microclean, a specialist in cleanroom apparel. Microclean in turn announced the acquisition of Critical Environmental Solutions. These acquisitions will enable the participants to grow considerably, boosting their profits.
Global Cleanroom Consumables Market: Regional Outlook
Europe and North America have dominated the global scenario since quite a long time, owing to stringent regulatory policies. However, as these regions might soon reach saturation, the demand for cleanroom consumables is likely to decline. Asia Pacific, on the other hand, furnishes vast opportunities for growth of the cleanroom consumables market as the industrial sector in this region flourishes. The growth of this region can be attributed to the robust development of the electronics, biotechnological, pharmaceutical, and healthcare industries. The Middle East and Africa and Latin America are slated to exhibit moderate growth over the next few years.
Global Cleanroom Consumables Market: Competitive Analysis
Some of the major companies operating in the global market for cleanroom consumables are Valutek, Nitritex Ltd., Thermo Fisher Scientific, Royal Imtech N.V. Micronclean (skegness) Ltd., Taikisha, Ltd. Contec, Inc., Berkshire Corporation, Kimberly-Clark Corporation, Texwipe, Cantel Medical, KM Corporation, DuPont, and Micronova Manufacturing, Inc. The global market for cleanroom consumables appears to be highly fragmented in terms of competition. The strong hold of the leading market players over the market has made the entry of new firms difficult. Numerous companies have set their sights on highlighting their presence in the market via product extensions, partnerships, merger and acquisitions, and investments in R&D.
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