Asia-pacific Cleanroom Consumables Market 2022-2028
MARKET OUTLOOK
According to Triton’s market research report, the cleanroom consumables market in the Asia-Pacific is likely to progress at a CAGR of 11.51% from the year 2022 to 2028. The region covers the markets in India, China, Japan, South Korea, ASEAN Countries, Australia & New Zealand, and Rest of Asia-Pacific.
Over the years, China has acquired the largest market share in the Asia-Pacific region. There is a strong demand for cleanroom consumables from the healthcare sector in the country. Additionally, there is an enhanced focus on strengthening the semiconductor industry with a $29.08 billion investment fund for research and innovation. Further, the government initiatives to exempt corporate income tax on eligible enterprises are expected to propel the growth of the Chinese cleanroom consumables market.
The Indian market is expected to witness stupendous growth in the coming years owing to the growing investments in lucrative sectors like pharmaceuticals and biotechnology. Cleanroom technology is crucial for manufacturing sterile pharmaceutical products as it prevents contamination and ensures operator safety. Besides, government support for the Indian cleanroom industry by providing incentives is expected to strengthen the market’s growth rate.
On the other hand, the semiconductor industry is the major driver of South Korea’s economy. Leading memory chip manufacturers, such as SK Hynix and Samsung Electronics, are present in the country. Additionally, the government’s hunt for AI-focused system semiconductors is expected to create profitable opportunities for this market. Thus, the semiconductor industry’s growth is expected to enhance the demand for cleanroom consumables in the Korean market.
COMPETITIVE OUTLOOK
The notable companies in the cleanroom consumables market include Helapet, Kimberly Clark Corporation, Valutek, Texwipe, Nitritex Ltd, and E I Du Pont De Nemours & Company.
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