Report : South America 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 5.9% CAGR, the South America Cleanroom Flooring Market is speculated to be worth US$ 118.19 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South America cleanroom flooring market was valued at US$ 83.85 million in 2022 and is expected to reach US$ 118.19 million by 2028, registering a CAGR of 5.9% from 2022 to 2028. Surge in demand for cleanrooms in healthcare sector and increased requirement of medical devices are the critical factors attributed to the South America cleanroom flooring market expansion.
Increasing consumption of consumer electronics devices across the SAM are driving the demand for semiconductors. Also, the emergence of the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) technologies is offering growth opportunities to the semiconductor market. These technologies aid memory chips in processing large amounts of data in less time. Furthermore, the increasing demand for advanced and faster memory chips in industrial applications is also bolstering the semiconductor market growth. In addition, rising disposable income levels, rapidly growing population, and increasing urbanization is creating massive demand for consumer electronics devices such as smartphones, washing machines, TVs, and refrigerators. Moreover, several leading consumer electronics brands, including, Apple and Samsung are making huge investments in launching new devices to cater to the surging demand for advanced devices. The rapidly growing semiconductor industry is driving the demand for cleanrooms which in turn is aiding the growth of South America cleanroom flooring market. Semiconductors are produced using highly sensitive materials to create delicate layers. For semiconductor chip manufacturing, testing, and packaging, a cleanroom environment is required to control static, particulate matter, outgassing, and other sources of contamination and compromising conditions. A semiconductor cleanroom is a huge factory where silicon wafers are manufactured into semiconductor chips. Semiconductor cleanrooms are required to meet ISO 14644-1 Class 5 or lower, which mandates a maximum of 3,520 particles at 0.5µm or smaller per cubic meter of air. They must also comply with ISO 14644-2, which requires the implementation of a quality control system that meets rigorous classification criteria. Flooring plays an important role in contamination control. Therefore, the surging demand of cleanrooms from semiconductor industry is propelling the growth of South America cleanroom flooring market. This is expected to drive the South America cleanroom flooring market during the forecast period.
On the contrary, high cost of repairing cleanroom flooring hurdles the growth of South America cleanroom flooring market.
Based on type, the South America cleanroom flooring market is categorized into epoxy coating, urethane, vinyl and rubber flooring, methyl methacrylate flooring, and others. The epoxy coating segment held 50.7% market share in 2022, amassing US$ 42.50 million. It is projected to garner US$ 61.00 million by 2028 to expand at 6.2% CAGR during 2022–2028.
Based on application, the South America cleanroom flooring market is categorized into pharmaceutical and medical device manufacturing, nanotechnology and semiconductors, laboratory research, and others. The nanotechnology and semiconductors segment held 51.1% market share in 2022, amassing US$ 42.84 million. It is projected to garner US$ 61.26 million by 2028 to expand at 6.1% CAGR during 2022–2028.
Based on country, the South America cleanroom flooring market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 48.9% market share in 2022. It was assessed at US$ 40.98 million in 2022 and is likely to hit US$ 60.45 million by 2028, exhibiting a CAGR of 6.7% during the forecast period.
Key players dominating the South America cleanroom flooring market are Gerflor SAS; E P Floors CORP; Forbo Flooring India PVT LTD; and Polyflor Ltd. among others.
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