The cleanroom consumables market was valued at USD 9,462.25 million in the recent years, and it will reach a value of USD 14,957.72 million, advancing at a rate of 5.22%, by 2030, as told in a report by P&S Intelligence.
The growth in the industry is driven by the growing demand for electronic devices, due to technological advancements in artificial intelligence. The development of advanced medications has also increased the demand for such consumables in the healthcare industry.
The pandemic resulted in a positive impact on the industry because of the necessity to maintain a clean environment in the process of testing and collecting samples.
The cleanroom consumables market has a significant number of buyers, which include nanotechnology, electronics, biotechnology, and pharmaceutical industries. This is credited to the increasing demand for cleanroom consumables in these industries.
The industry is fragmented, and the major players are focusing on expanding the customer base in other countries and increasing their profits.
The apparel category will witness the highest CAGR, of over 6%, by the end of this decade.
The pharmaceutical & biotechnology companies category accounted for the largest share, of over 32%, in the past, and it will remain dominant in the years to come. The number of end users is increasing as a result of the advancement in technology and regulations.
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Europe will grow as a result of the increasing requirement for cleanroom consumables in the healthcare, pharmaceutical, medical device, and biotechnology industries.
Additionally, the industry in the region is also growing because of the technological advancement in the nanotechnologies and electronic sector.
In addition, the increasing number of businesses in the aerospace & defense and food & beverage industries are adopting these products, thus boosting the European industry.
North America dominated the industry, with a revenue share of over 36%. This is credited to the presence of a large number of pharmaceutical and medical device businesses, well-established healthcare infrastructure, growing awareness of cosmeceuticals and nutraceuticals, and increasing incidence of non-communicable diseases in the region.
Furthermore, APAC industry sale will grow significantly by the end of this decade, owing to the increasing healthcare sector investments. The main factors driving the industry in this region are the increasing elderly population, growing generic drug production, and the mounting incidence of non-communicable diseases.
LATAM and MEA industry is also growing because of the increasing adoption of these products in medical devices, food and beverage, biotechnology, and pharmaceutical industries.
It is because of the changing customer lifestyle, increasing demand form pharmaceuticals industries, and the developing electronic industries, the cleanroom consumables industry will witness even more growth in the coming years.