NEWARK, Del, Dec. 14, 2022 (GLOBE NEWSWIRE) -- A recently published study by FMI expects the global cleanroom flooring market to augment at a 6.5% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 4300 Million is expected for the market.
Cleanroom flooring market growth is being driven by stricter healthcare regulations, rigid standards, and consumer demand for high-quality products, an increase in the frequency and public awareness of infectious and contagious diseases, an increase in the need for drugs and vaccines, and expanding healthcare infrastructure.
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Additionally, the growing global usage of consumer electronics gadgets is pushing semiconductor demand. Furthermore, the rise of the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) is providing prospects for growth in the semiconductor business, assisting memory chips in processing enormous volumes of data in less time. Because of the sensitivity of technical processes, nanotechnology and semiconductor facilities must be free of dust and particles.These facilities' floor finishes feature a floor-to-wall cove base with no grout lines or tile edges, resulting in a dust-free environment. These elements are propelling the segment's market.
In conclusion, the growing need for improved and quicker memory chips in commercial applications is driving development in the semiconductor industry.
Key Takeaways from the Market Study
- FMI projects the global cleanroom flooring market to expand at a 6.5% value CAGR by 2033
- The global cleanroom flooring market is estimated at a market value of US$ 2300 Billion
- The global cleanroom flooring market is expected to garner a market value of US$ 4300 Billion
- North America is forecast to be the most lucrative for cleanroom flooring market growth.
- As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 5.9% in the assessment period 2023-2033.
- As per Future Market Insights, Europe is expected to grow at a CAGR of 6.1% in the assessment period 2023-2033.
- The epoxy coatings category is expected to hold the largest market share for cleanroom flooring in the forecast period 2023-2033.
“North America is seeing an upsurge in contributions from government agencies and private groups to fund small businesses' R&D operations. State-level initiatives are also underway, with the goal of increasing demand for cleanroom flooring.” says an analyst at FMI
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Market Competition
Key players in the cleanroom flooring market are Gerflor SAS, Easypharma SRL, Lindner AG, Forbo Flooring India Pvt Ltd., and Polyflor Ltd.
Recent Developments:
- In November 2022, as part of the VDMA Circular Economy Forum, recycling specialist Lindner displayed all-in-one solutions for effective plastics recycling at K 2022 in Dusseldorf. Different post-consumer stiff plastics were shredded live - and for the first time, wet cleaned - in three daily demos. Another first was achieved in collaboration with Engel: shredded hard plastics were injection moulded and transformed straight into new pallets on site.
Key Segments Profiled in the Cleanroom flooring Industry Survey
Cleanroom flooring Market by Type:
- Epoxy Coatings
- Urethane
- Vinyl & Rubber Flooring
- Methyl Methacrylate flooring
- Others
Cleanroom flooring Market by Application:
- Pharmaceutical & Medical Device Manufacturing
- Nanotechnology & Semiconductor
- Laboratory Research
- Others
Cleanroom flooring Market by Region:
- North America Cleanroom flooring Market
- Latin America Cleanroom flooring Market
- Europe Cleanroom flooring Market
- Asia Pacific Cleanroom flooring Market
- Middle East & Africa Cleanroom flooring Market
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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the global cleanroom flooring market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of Type (Epoxy Coatings, Urethane, Vinyl & Rubber Flooring, Methyl Methacrylate flooring, and others) and by Application (Pharmaceutical & Medical Device Manufacturing, Nanotechnology & Semiconductor, Laboratory Research, and Others) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
4. Global Market Analysis 2018-2022 and Forecast, 2023-2033
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About the Chemicals and Materials Division at Future Market Insights
The chemicals and materials team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
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