Global Cleanroom Consumables Market Size is Projected to Worth $16 Billion by 2023
Feb 12, 2018
The global cleanroom consumables market is projected to generate revenues of more than $16 billion by 2023 and is expected to grow at a CAGR of over 8% during 2017-2023.
Arizton’s recent market research report on the global cleanroom consumables market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by products (apparel, gloves, wipes, chemicals, and others), by end-users (electronics and semiconductors, pharmaceuticals, food and beverages, defense and aerospace, medical, automotive, and others), and geography (North America, APAC, Europe, MEA, and Latin America).
The implementation of strict regulations and standards is propelling the growth of the global market. The introduction of innovative technologies to launch better quality products will revolutionize the market and create lucrative opportunities for the leading vendors.
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The top 3 drivers and trends attributing to the growth of the cleanroom consumables market are discussed below:
Emergence of New Biologics
The development and emergence of new biologics will drive the growth of the global cleanroom consumables market. Biologics are complex molecules that are made of living organisms such as animal cells, microorganisms, or plants. These new age biological drugs are used in the treatment of a wide range of diseases and ailments such as cancer, rheumatology, dermatology, gastroenterology, and dermatology. The biological drugs have an excellent success record and have proven that their usage is safe and efficient. The increasing number of research programs that promote the research of biotechnology and biologics will result in the benefit of the economy, health, and well-being of the general population in the world. China is one of the top nations leading the growth of the biotechnology industry and driving the demand for cleanroom consumables in the global market.
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Emergence of Fourth Industrial Revolution
The integration of multiple technologies such as hardware, software, and digital technologies is resulting in the emergence of the fourth industrialization revolution. The new industrial revolution has the possibility of connecting billions and result in technological breakthroughs that will transform industries and propel the demand for cleanroom consumables in the global market. The automation of manufacturing processes and the growing need for streamlined operations will help companies launch innovative products in the global cleanroom consumables market. The introduction of machine vision, AI, VR, 3D printing, the advent of nanomaterials, and quantum computing are some of technological innovations launch in the global market due to fourth industrial revolution. Such developments will have a positive impact on the growth of the market during the forecast period.
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Rise in Demand for Cleanroom in World Food Processing Industry
The evolution of the food processing industry is boosting the demand in the global cleanroom consumables market. The introduction of several food processing methods such as rapid freezing, freeze-drying, fortification, and drum dying is revolutionizing the food and beverage industry and raising the safety standards in the food industry. East Asia is the largest food processing cleanroom market in the world, and China is the largest contributor in this segment. The various regulatory standards around food safety, food packaging, food processing, and storage is boosting the demand for cleanroom consumables in the industry. The growing demand for extending shelf life and better quality will help in the development of the market over the next few years.
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The leading vendors in the cleanroom consumables market are DuPont, ITW – Texwipe, Kimberly-Clark Corporation, Berkshire Corporation, and Aramark Corporation.
The complete overview of the latest market research report on cleanroom consumables market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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