(PharmaNewsWire.Com, October 24, 2019 ) The stringent regulatory framework, growth of the biologics sector, rising demand for sterilized pharmaceutical formulations, increasing demand for medical devices, and technological advancements in cleanroom technology are the primary growth factors for this market. Also, the increasing demand in developing economies and the growing focus on energy-efficient cleanrooms are expected to offer significant opportunities for market growth in the coming years.
Market Size
The global cleanroom technologies market size is projected to reach USD 7.9 billion by 2024 from USD 5.7 billion in 2019, growing at a CAGR of 6.6%.
Azbil Corporation (Japan), Kimberly-Clark Corporation (US), Ardmac (Ireland), Clean Air Products (US), Labconco Corporation (US), Dynarex Corporation (US), DowDuPont Inc. (US), Illinois Tool Works Inc. (US), Taikisha Ltd. (Japan), Exyte AG (Germany), COLANDIS GmbH (Germany), ABN Cleanroom Technology (Belgium), Clean Rooms International, Inc. (US), Bouygues Group (France), Terra Universal, Inc. (US), Connect 2 Cleanrooms Ltd (UK), Camfil (Sweden), OCTANORM-Vertriebs-GmbH (Germany), Parteco Srl (Italy), and Airtech Japan, Ltd. (Japan) are some key players in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, acquisitions, and expansions.
Kimberly-Clark has an extensive range of cleanroom consumables and a prominent presence across the globe. It targets faster-growing as well as higher-margin segments such as wiping & safety consumables within the K-C Professional business segment to achieve further growth.
Exyte is positioned as a partner for all cleanroom technology customers, supporting all businesses from small & flexible construction to large-scale & highly automated cleanrooms. Building on its potential in this area, the company is continuously expanding its capabilities spanning the full project lifecycle from consulting, designing, and engineering to turnkey construction of cleanrooms.
Azbil is another key player operating in the cleanroom technologies market with a diverse and well-balanced product portfolio. The company aims to offer cutting-edge technologies to its customers with the broader adoption of automation solutions in the near future to maintain its leadership position in the market.
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