< Key Hightlight >

MARKET OUTLOOK

Triton’s research has put forth that the Latin America cleanroom consumables market is likely to progress with a CAGR of 10.71% in the forecasting years 2021-2028. Brazil, Mexico, and Rest of Latin America together make the market in this region.

Brazil is Latin America’s largest economy. The increase in the production of generic medicines, favorable government policies, increased investments, and the production of OTC medicines are some of the factors responsible for the development of the country’s pharmaceutical industry. Moreover, the rise in the elderly population and the growth in disease burden due to it, are driving the need for pharmaceuticals. This is expected to boost the growth of the cleanroom technology market in the nation, as cleanrooms are commonly seen in several manufacturing facilities. This, in turn, will boost the growth of the Brazilian cleanroom consumables market in the years to come. 

In addition to this, Mexico has a robust semiconductor manufacturing industry. In 2018, this domestic market was responsible for 11.6% of the semiconductor supply of the world, amounting to an export value of $721 million. Moreover, the country is the fourth largest automobile exporter and the eighth largest electronics producer, globally. A cleanroom environment is largely required in these sectors. And therefore, this implies that the adoption of cleanroom facilities subsequently enhances the demand for consumables used in these environments. These factors are channeling the growth of the Mexican cleanroom consumables market.

COMPETITIVE OUTLOOK

The eminent names in the cleanroom consumables market are Helapet, Valutek, Cardinal Health, Contec Inc, Kimberly Clark Corporation, and Nitritex Ltd.