China Cleanroom Industry
China’s socialist market economy is the world’s second largest economy by nominal GDP, and the world’s largest economy by purchasing power parity according to the IMF. Until 2015 China was the world’s fastest-growing major economy, with growth rates averaging 10% over 30 years. The cleanroom industry has always fluctuated with the demand of production and innovation of products and services. China, being on the forefront of production and consumption, is a leading contributor to the cleanroom industry, developing innovative and cost effective products for cleanroom production environments.
It is inevitable that Chinese cleanroom manufacturers and cleanroom product developers will begin to produce and deliver industry leading products for the entire globe. The rate of change may now be accelerating thanks to activity in China. Over the next decade, China will become the largest consumer of cleanroom products as well as one of the largest suppliers.
China is the largest trading nation in the world and plays the most important role in international trade,and has increasingly engaged in trade organizations and treaties in recent years. China became a member of the World Trade Organization in 2001. China also has free trade agreements with several nations, including Australia, South Korea, ASEAN, New Zealand, Switzerland and Pakistan. These arrangements create a marketable favor for those in the cleanroom industry. Chinese cleanroom products are now easier to attain and are becoming heavily consumed my the foreign markets. The attention to precision and engineering is paramount in many Chinese cleanroom manufacturers. The cost of goods is lower than many other foreign manufacturers, leaving the Chinese cleanroom manufacturers a good choice for cost-effective purchasing.
China currently holds 14 percent of the worldwide semiconductor market and is expected to achieve a compound annual growth rate of more than 20 percent through 2008. The gap between China’s chip consumption and production is huge. Chinese production of ICs last year was only $2.4 billion-less than 1.5 percent of the value of worldwide IC production-while consumption was over $30 billion.
It is estimated that production will rise to $14-15 billion in 2010 but will still represent only 5 percent of worldwide chip production in 2010, and will still represent only 15 to 20 percent of China’s forecast market for ICs in 2010.
