The global cleanroom technology market was estimated to be USD 3,156.0 million in 2014. It is likely to grow at a CAGR of 5.2% from 2014 to 2020, and reach a value of USD 4,290.1 million by 2020.
New York, NY -- (SBWIRE) -- 01/05/2016 -- Persistence Market Research (PMR) has recently published a report, titled "Global Market Study on Cleanroom Technology: Consumables to Witness Highest Growth by 2020". As per the findings of the study, the global cleanroom technology market, which stood at US$3.1 bn in 2014, will reach US$4.3 bn by 2020. If the valuations hold true, the market will exhibit a positive CAGR of 5.20% during the period.
Cleanroom technology is applied while manufacturing aseptic medical goods. The technology is also used during various research and development activities. It refers to an enclosed space constructed in a manner that enables it to limit the concentration of airborne particles such as chemicals (grease, oil), particulates (hair, dust), radiations, and microorganisms (fungus, bacteria). Cleanroom technology also helps monitor and control other factors that may affect an ongoing operation in any way, such as temperature, electrostatic charge, humidity, magnetic flux, pressure, and others.
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The global market for cleanroom technology has been witnessing rapid growth in the past few years due to rising implementation of stringent norms regarding manufacturing, processing, and packaging to ensure a better quality of products and the safety of personnel engaged in the activity. According to the report, rising demand for sterilized pharmaceutical formulations also aids the growth of the market. The development of new biologics and their widespread applications in the medical devices industry are also augmenting the demand for cleanroom technology.
However, the report points out that despite witnessing a steady rise in demand over the past couple of years, lack of skilled professionals and the high cost incurred on installing, maintaining, and repairing cleanroom technology inhibit the market growth to an extent.
Among the key regional segments of the global cleanroom technology market, North America has emerged as the largest and the most lucrative market. The growing application across the industrial sector in North America is mainly due to the high adoption rate of technological advancements in the region. The North America cleanroom technology market, which stood at US$1.2 bn in 2014, is expected to reach US$1.6 bn by the end of 2020, rising at a 4.60% CAGR, states the report. Based on type, the global cleanroom technology market is led by the cleanroom consumables segment. In the construction industry, standard/drywall cleanrooms emerged as the largest segment of the cleanroom technology market. The technology also has large-scale applications in the pharmaceutical industry.
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To study the vendor landscape of the global cleanroom technology market, the report also profiles some of the leading manufacturers, such as E.l. Du Pont De Nemours, Illinois Tool Works, Inc., M+W Group, and Kimberly-Clark Corporation. Other major players profiled in the report include Azbil Corporation, Taikisha Ltd., Alpiq Group, Ardmac, Clean Air Products, and Royal Imtech N.V., Ltd.
Key points covered in the report
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
5) The report also provides porters five forces analysis of the market.-
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