According to a report by Transparency Market Research, the global cleanroom consumable market is expected to rise at a healthy CAGR of 4.15% during 2017 to 2023.
According to a report by Transparency Market Research, the global cleanroom consumable market is expected to rise at a healthy CAGR of 4.15% during 2017 to 2023. The global market was worth US$8,864.3 mn during 2017 and is expected to rise to a valuation of US$11,315.6 mn by the end of 2023.
Cleanroom consumables are rising in demand for manufacturing quality products in various industries. Industries manufacturing products often face contaminations in machinery, product flow, raw material, and personnel. Cleanroom technology helps in protecting the manufacturing processes and final products from contamination. Cleanroom technology holds great importance in healthcare industry. This technology helps in developing standardized products that ensure regulatory norms. Technological advancement has led to massive demand of cleanroom consumable from across the globe by various end user industries. Cleanroom technologies have transformed conventional constructive to modular flexible cleanrooms. Cleanroom technologies assures abundant benefits such as cost effectiveness, reconfiguration according to the requirement, and quick installation.
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Kimberly Clark Corporation Implementing Changes in Net Selling Price to Balance Cost Inflation
Kimberly Clark Corporation (NYSE:KMB) has recently announced that it is declaring to increase net selling price across majority of North America to its consumer products business. This increase will be implemented in list of packages and prices. This step will balance out cost inflation of significant commodity. The percentage increase is likely to impact GoodNites youth pants, Pull-Ups training pants, Huggies diapers, Viva paper towels, Kleenex facial tissue, and Cottonelle and Scott 1000 bathroom tissues. The increase in Viva paper towels and Cottonelle bathroom tissue will be occurring during the fourth quarter of 2018 whereas rest will increase by the first quarter of 2019.
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Various Industries Administering Clean Pollutant Free Environment Thus, Investing in Cleanroom Consumables
Certain facilities have contamination free environment as the foremost priority such as healthcare organizations. Cleanroom consumable provides microorganism and pollutants free environment which goes a long way. Cleanroom consumable provides safety to visitors, support staff, and caregivers at healthcare sectors. This has supplemented the demand for cleanroom consumables. Cleanroom consumables are also playing major roles in electronic industry, biotechnology, aerospace, and pharmaceuticals industries. Rise in awareness is leading to adoption of cleanroom consumable.
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Various pharmaceutical companies are shifting their active pharmaceutical ingredient and generic drugs manufacturing industries to emerging economies such as Malaysia, South Korea, China, and India because it opens new doors of opportunities. This can potentially boost the cleanroom consumable industry. Some regions are showing significant rise of demand compared to others due to diversification. Asia pacific is the leading region as it is consuming the most number of cleanroom consumables. This region is witnessing growing development in electronics and healthcare related products. China is one of the emerging economies that is triggering the growth of Asia pacific.
Some of the leading players operating in the global cleanroom consumable market are DuPont, Valutek, Nitritex Ltd., Texwipe, Contec, Inc., Kimberly Clark Corporation, and Berkshire Corporation.
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