< Key Hightlight >

MARKET OUTLOOK

The cleanroom consumables market in the Asia-Pacific is likely to develop with a CAGR of 11.18% in the forecast years 2021-2028. China, Japan, India, South Korea, ASEAN countries, Australia & New Zealand, and Rest of APAC together constitute the market in this region.

The semiconductor industry in South Korea is a major driver of the country’s economy, accounting for nearly 5.9% of the GDP. It can be said that the performance of Korea’s economy depends largely on whether its semiconductor industry is growing or declining. Furher, the nation is home to prominent memory chip manufacturers, such as SK Hynix and Samsung Electronics, which commanded 50% of the global memory chips market share in 2019. Thus, the development of this market will also spur the demand for cleanroom technology, and, in turn, for cleanroom consumables. This will foster the growth of the Korean cleanroom consumables market in the years to come.

Japan is one of the most advanced economies in Asia, primarily due to technological developments in the field of electronics, IT, and pharmaceuticals. In fact, it is one of the leading pharmaceutical manufacturers across the globe. Favorable initiatives by the government to support the research and development in pharmaceuticals are fuelling the growth of this industry. Furthermore, Japan has a large population of aged people. Therefore, the disease burden here is also high. This is providing significant growth opportunities to the nation’s pharmaceutical industry. And, it is expected to augment the demand for cleanroom technology, and consequently, cleanroom consumables, in Japan.

COMPETITIVE OUTLOOK

The noteworthy players in the cleanroom consumables market are Mar Cor (Cantel), Contec Inc, Cardinal Health, Superior Cleanroom Products LLC, E I Du Pont De Nemours & Company, and Aramark.