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Cleanroom Technology Market – Growth, Trends, and Forecast (2019 – 2024) Market Overview

2019-06-06 Source: https://www.researchandmarkets.com/reports/4771849
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The cleanroom technology market was valued at USD 3.68 billion in 2018 and is expected to reach a value of USD 4.8 billion by 2024, at a CAGR of 5.1% over the forecast period (2019-2024).

Scope of the Report

A cleanroom is a facility ordinarily utilized as a part of specialized industrial production or scientific research, including the manufacture of pharmaceutical items and microprocessors. Cleanrooms are designed to maintain extremely low levels of particulates, such as dust, airborne organisms, or vaporized particles.

Key Market Trends

High Efficiency Filters to Witness Significant Growth Over the Forecast Period

Asia-Pacific to Execute the Fastest Growth Rate Over the Forecast Period

Competitive Landscape

The cleanroom technology market is moderately fragmented. The capital requirements for setting up new firms can be prohibitively high in a few regions. Moreover, the market incumbents have a considerable advantage over new entrants, particularly in gaining access to channels of distribution and R&D activities. New entrants must be mindful of regular changes in manufacturing and trade regulations in the industry. New entrants can leverage economies-of-scale advantages. Some key companies in the market include Dynarex Corporation, Azbil Corporation, Aikisha Corporation, Kimberly Clark Corporation, Ardmac Ltd, Ansell healthcare, Clean Air Products, and Illinois Tool Works Inc.

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