The scope of our recent study on "Cleanroom Flooring Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Epoxy Coatings, Urethane, Vinyl & Rubber Flooring, Methyl Methacrylate Flooring, and Others) and Application (Pharmaceutical & Medical Device Manufacturing, Nanotechnology & Semiconductor, Laboratory Research, and Others)" includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The cleanroom flooring market is expected to grow from US$ 2,219.01 million in 2022 to US$ 3,405.39 million by 2028; it is estimated to grow at a CAGR of 7.4% from 2022 to 2028.
Cleanrooms are used in many industries to manufacture safe and high-quality products. Emerging pharmaceutical, semiconductor, and medical device markets in Asian and Latin American countries are propelling the demand for cleanrooms. A rise in the number of pharmaceutical companies, availability of skilled workforce, and supportive initiatives by governments are encouraging local manufacturing sectors. Governments of countries in Asia Pacific are funding biomedical research to explore its economic potential.
In 2021, North America dominated the global cleanroom flooring market and the Asia Pacific region is expected to register the highest CAGR during the forecast period. The pharmaceutical and semiconductor market in Asia Pacific is booming. Governments in the region have given greater support to the pharmaceutical industry. Governments encourage the use of cleanroom flooring by providing more space for the overall development of cleanroom flooring in Asia Pacific.
Increasing Demand for Medical Devices
The increased demand for fitness trackers and monitoring devices is ascribed to the emphasis on fitness worldwide. Moreover, the clientele for these gadgets grows with the introduction of upgraded versions at reasonable prices. Cleanrooms play a vital role in the manufacturing of these devices by filtering particulates such as dust, vaporized articles, or airborne organisms from entering the room, thereby minimizing airborne contamination. In addition, cleanrooms not only ensure the safety of products but also contribute to the safety of equipment operators and end users. Some of the raw materials used in medical device production produce contaminants that can be hazardous to operators, and wearing gowns and protective equipment in cleanrooms provides them protection against them. Moreover, air filtration systems keep the immediate environment safe for personnel. Production in cleanrooms is also a must for enterprises to market their devices globally by ensuring compliance with various international standards. Thus, with the increasing demand for medical devices, the need for cleanrooms is on the rise in the medical device industry, which propels the cleanroom flooring market.
Cleanroom Flooring Market Size: Segment Overview
Based on type, the cleanroom flooring market is segmented into epoxy coatings, urethane, vinyl & rubber flooring, methyl methacrylate flooring, and others. The epoxy coatings segment dominated the market in 2021. The growing demand for epoxy coatings from industrial manufacturing plants, warehouses, cleanrooms, hospitals, and commercial places is driving the market for the segment. The application of epoxy coating creates a glossy finish and offers decorative options such as terrazzo flooring, chip flooring, and colored aggregate flooring. It also offers nonporous seamless surface, scratch-resistant coating, slip-resistant flooring solution, and affordable flooring options. The epoxy cleanroom flooring eliminates cracks and crevices, making the floor dust-free and scuff-resistant.
Based on application, the cleanroom flooring market is segmented into pharmaceutical & medical device manufacturing, nanotechnology & semiconductor, laboratory research, and others. The nanotechnology & semiconductor segment dominated the cleanroom flooring market in 2021 and is expected to register the highest CAGR during the forecast period. The nanotechnology and semiconductor facilities are needed to be free of dust and particulates due to the sensitivity of technological operations. The floor finishes in these facilities include the presence of a floor-to-wall cove base without any grout lines and tile edges, creating a dust-free environment. These factors are driving the market for the segment.
Impact of COVID-19 Pandemic on Cleanroom Flooring Market
The COVID-19 pandemic had a mixed impact on the cleanroom flooring market. A cleanroom is an enclosed area where airborne contaminants, pollutants, and other particles are filtered out. Many industries require cleanrooms because tiny particles might compromise the production process and assembly quality. Pharmaceutical, semiconductor, biotech, medical device, life sciences, optical, aerospace, automotive, and military facilities are typical sectors that use cleanrooms. However, many of these industries were hit hard by the COVID-19 pandemic, which negatively impacted the cleanroom floorings market.
The rising necessity to keep a contaminant-free zone during sample collection and testing of the infected population in the COVID-19-affected areas surged the number of cleanrooms. Furthermore, the growing research and development efforts to create COVID-19 vaccines prompted pharma and biopharmaceutical companies to make major investments in cleanrooms, which contributed to the cleanroom flooring market growth. Moreover, businesses gained ground as the governments of various countries eased out the previously imposed restrictions. The start of operations in the manufacturing units positively impacted the production of materials used for cleanroom flooring. Manufacturers overcame the demand and supply gap as they were permitted to operate at full capacity.
Cleanroom Flooring Market: Competitive Landscape and Key Developments
AES Clean Technology Inc, Gerflor SAS, Easypharma SRL, Cleanroom Industries Sdn Bhd, EP Floors Corp, Forbo Flooring India Pvt Ltd, Total Clean Air Ltd, Florock Polymer Flooring Inc, Lindner AG, and Polyflor Ltd are among the key players operating in the cleanroom flooring market. Leading market players implement new product launches and mergers & acquisitions as key business strategies to expand their geographic presence and consumer base worldwide. For instance, in February 2022, AES Clean Technology Inc expanded with cleanroom facilities with an investment of US$ 14.2 million.
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