Report : Asia Pacific Cleanroom Flooring Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Epoxy Coating, Urethane, Vinyl and Rubber Flooring, Methyl Methacrylate Flooring, and Others) and Application (Pharmaceutical and Medical Device Manufacturing, Nanotechnology and Semiconductors, Laboratory Research, and Others)
At 8.1% CAGR, the Asia Pacific Cleanroom Flooring Market is speculated to be worth US$ 763.98 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific cleanroom flooring market was valued at US$ 477.74 million in 2022 and is expected to reach US$ 763.98 million by 2028, registering a CAGR of 8.1% from 2022 to 2028. Upsurge in demand for cleanrooms in healthcare sector and enlarged requirement of medical devices are the critical factors attributed to the Asia Pacific cleanroom flooring market expansion.
A large number of patients are undergoing diagnostic and surgical procedures as a result of the rising prevalence of chronic diseases and the growing emphasis of healthcare organizations on early diagnosis and treatment. As a result, the demand for medical equipment is increasing in inpatient admission, and surgical and diagnostic facilities, wherein maintaining hygiene and preventing infection are top priorities. These factors are bolstering the demand for cleanrooms in medical device manufacturing industries, which, in turn, boosts the cleanroom flooring market. Further, the demand for wearables, including fitness trackers and monitoring devices, has surged during the COVID-19 pandemic. The increased demand for these devices is ascribed to the emphasis on fitness among people around the APAC. 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 these them. Thus, with the increasing demand for medical devices, the need for cleanrooms is on the rise in the medical device industry, which propels the Asia Pacific cleanroom flooring market. This is expected to drive the Asia Pacific cleanroom flooring market during the forecast period.
On the contrary, high charge of repairing cleanroom flooring hurdles the growth of Asia Pacific cleanroom flooring market.
Based on type, the Asia Pacific cleanroom flooring market is categorized into epoxy coating, urethane, vinyl and rubber flooring, methyl methacrylate flooring, and others. The epoxy coating segment held 56.6% market share in 2022, amassing US$ 270.36 million. It is projected to garner US$ 439.51 million by 2028 to expand at 8.4% CAGR during 2022–2028.
Based on application, the Asia Pacific cleanroom flooring market is categorized into pharmaceutical and medical device manufacturing, nanotechnology and semiconductors, laboratory research, and others. The nanotechnology and semiconductors segment held 56.0% market share in 2022, amassing US$ 267.66 million. It is projected to garner US$ 433.72 million by 2028 to expand at 8.4% CAGR during 2022–2028.
Based on country, the Asia Pacific cleanroom flooring market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 40.3% market share in 2022. It was assessed at US$ 192.34 million in 2022 and is likely to hit US$ 325.40 million by 2028, exhibiting a CAGR of 9.2% during the forecast period.
Key players dominating the Asia Pacific cleanroom flooring market are Gerflor SAS; Cleanroom Industries Sdn. Bhd.; E P Floors CORP; Forbo Flooring India PVT LTD; Lindner AG; and Polyflor Ltd. among, others.
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