Global Cleanroom Technology Market Report, published by Variant Market Research, forecast that the global market is expected to reach $5,171 million by 2024 from $3,474 million in 2016, growing at a CAGR of 5.1% from 2016 to 2024. By geography, Asia-Pacific and Europe are expected to grow at a CAGR of 6.0% and 5.1%, respectively, during the forecast period.
"Cleanroom Technology Market (By Type: Equipment And Consumables; By Construction: Standard/Drywall Cleanrooms, Hardwall Cleanrooms, Softwall Cleanrooms And Terminal Boxes/Pass Through Cabinets; By Application: Biotechnology, Pharmaceuticals, Medical Devices And Others; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend, and Forecast, 2015-2024"
The global cleanroom technology market is majorly driven by factors such as increased demand from healthcare and pharmaceutical sectors, stringent rules and regulation towards safety, rising consumer awareness, and increasing demand for quality products. Moreover, surge in demand for customized cleanroom technology is expected to provide growth opportunities for the market. Though, high maintenance and installation cost would limit the growth of the market.
Type, construction, application, and geography are the key segments included in the global cleanroom technology market. By type, the segment is bifurcated into equipment (fan filter unites (FFU), HVAC systems, laminar air flow systems and biosafety cabinets, HEPA filters, air diffusers & showers, and others) and consumables (safety consumables (apparel, gloves and others) and cleaning consumables (vacuum systems, wipes, disinfectants, and others)). Construction is categorized into standard/drywall cleanrooms, hardwall cleanrooms, softwall cleanrooms, and terminal boxes/pass through cabinets. Furthermore, applications is segmented into pharmaceuticals, biotechnology, medical devices, and others.
By type segment, equipment accounted for the largest market share in 2016, whereas consumables are likely to attain the fastest CAGR during the forecast period 2016 – 202. Standard/drywall cleanrooms and hardwall cleanrooms accounted for majority of the market share in 2016. In the application segment, pharmaceuticals held the largest share in 2016, and medical devices are expected to grow with fastest CAGR.
Geographically, the global cleanroom technology market is categorized into North America, Europe, Asia-Pacific, and Rest of the world (RoW). North America accounted for the largest share in the market with 38.3% in 2016, followed by Europe with 30.1%. Furthermore, Asia-Pacific is anticipated to attain fastest CAGR during the forecast period, owing to, rapid industrialization and increasing awareness about certified products.
The key players operating in the global cleanroom technology market are Kimberly-Clark Corporation, Alpiq Group, Taikisha, Ltd., Illinois Tool Works, E.I. du Pont de Nemours and Company, Clean Air Products, Ardmac Ltd., Azbil Corporation, Ardmac Ltd., M+ W Group, and Royal Imtech N.V., among others.