PUBLISHER: Grand View Research | PRODUCT CODE: 1405805
PUBLISHER: Grand View Research | PRODUCT CODE: 1405805
The Mexico cleanroom technology market is expected to reach USD 232.9 million by 2030, registering a CAGR of 6.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The cleanroom technology market in Mexico is experiencing substantial growth and evolving at a significant pace. Cleanrooms are controlled environments designed to minimize contamination and maintain specific levels of air quality to meet the stringent standards required for various industries, including pharmaceuticals, biotechnology, healthcare, electronics, and manufacturing.
The country's favorable manufacturing environment, thanks to factors such as free trade agreements and the availability of low-cost labor, is one of the key factors driving the adoption of cleanroom technology. Moreover, notable growth observed in the healthcare and automotive manufacturing sectors further boosts the market's growth prospects. Stringent international and local regulations about manufacturing and production of goods across industries are also likely to boost the use of cleanroom technology solutions and services.
The consumables are divided into safety consumables & cleaning consumables. The consumables play a vital role in maintaining cleanliness, sterility, and controlled conditions within cleanrooms. They include items like gloves, wipes, apparel, disinfectants, and other disposable products essential for daily operations in cleanroom environments. The demand for consumables in the market is propelled by various industries, such as pharmaceuticals, biotechnology, electronics, and healthcare, which extensively use cleanrooms for their operations. The consistent need to maintain high levels of hygiene and control contamination within these industries drives the consumption of consumables.
The market is fragmented with numerous local and international players and is likely to witness high competition in the market. These players are adopting strategies such as acquisition to gain a competitive edge. In September 2022, American Air Filter Company, Inc. announced the acquisition of National Air Filter, a U.S.-based air filtration management company. National Air Filter offered controlled environments and cleanroom services to ensure consistent operation. With this acquisition, American Air Filter Company, Inc. aimed to improve its offerings and customer experience.