The ultra-pure water market is witnessing significant growth, projected to escalate from $9.88 billion in 2023 to $10.8 billion in 2024, with a CAGR of 9.2%. Historical growth has been fueled by the semiconductor industry, electronics manufacturing, pharmaceutical needs, power generation, and healthcare requirements. Projections indicate rapid growth, with the market expected to reach $16.21 billion by 2028, reflecting a CAGR of 10.7%. This growth is driven by rising demand in electronics, biopharmaceutical expansions, increased power generation needs, advancements in healthcare, and stringent environmental regulations. Key trends include the expansion of electronics production, growth in healthcare infrastructure, water recycling initiatives, and strategic partnerships for market consolidation.
Major Driver In The Ultra Pure Water Market
The growing usage in the semiconductor manufacturing industry is fueling the demand for the ultra-pure water market. In semiconductor production, where nanofabrication processes are carried out on extremely pure single crystal silicon substrates, ultrapure water is a crucial requirement at every stage. Stringent water treatment processes are essential to eliminate pollutants, minerals, microbes, and various organic and nonorganic compounds from intake water. Notably, TSMC, a Taiwan-based semiconductor manufacturing company, reported an increase in water usage from 77,257,163 m3 in 2020 to 82,674,982 m3 in 2021. This surge in ultra-pure water usage within the semiconductor manufacturing industry is expected to drive the growth of the ultra-pure water market in 2023, 2024, and 2028.
Request A Free Sample Of The Global Ultra Pure Water Market Report
Ultra Pure Water Market Competitive Landscape
General Electric Company, The Dow Chemical Company, Veolia Environnement S.A., 3M Company, Danaher Corporation, Nalco Water an Ecolab Company, Asahi Kasei Corporation, Human Corporation, Ecolab Inc., DuPont de Nemours Inc., Suez S.A., Sartorius AG, Pentair plc, Pall Corporation, Kurita Water Industries Ltd., Evoqua Water Technologies LLC, Organo Corporation, Paul Hartmann AG, Veolia Water Technologies Deutschland GmbH, Skan AG, Ovivo Inc., Osmoflo Holdings Pty Ltd., Applied Membranes Inc., Komal Water Industries, RODI Systems Corporation, EnviroFALK PharmaWaterSystems GmbH, Esau & Hueber GmbH, RULAND Engineering & Consulting GmbH, Aqua Solutions Inc., MembraPure GmbH, Labtec Services AG
Key Ultra Pure Water Market Trend
Technological Innovation is a key trend gaining popularity in the ultra pure water market. Advanced ultrapure water systems are critical components in various industries, including the manufacturing and semiconductor sectors. The removal of chemical impurities under these ultra-pure water systems are done through de-ionization (DI) and reverse osmosis. Recently, the market has witnessed the need for an EDI ultra-pure water system, an electrically powered water treatment method that removes ionized species from water by using electricity, ion exchange membranes, and resin. Major players operating in the ultra-pure water sector are focused on technological innovations to sustain their market position. For instance, in January 2021, Merck and Co., a US-based pharmaceutical company, launched Milli-Q EQ 7000 ultra-pure Water Purification System. The new Milli-Q EQ 7000 system generates consistent ultrapure water quality that is flexibly tailored to experimental needs. This sophisticated system provides a comprehensive qualification procedure, advanced data traceability, and precise TOC monitoring.
Get The Full Global Ultra Pure Water Market Report
Ultra Pure Water Market Segmentation
The ultra pure water market covered in this report is segmented –
1) By Equipment: Filtration, Reverse Osmosis, Ultraviolet, Electro Deionization, Other Equipment
2) By Capacity Consideration: Large Scale, Small Scale
3) By Application: Washing Fluid, Process Feed
4) By End User: Semiconductor, Power Generation, Flat Panel Display, Pharmaceuticals, Other End Users
By Geography:The regions covered in the ultra pure water market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the ultra pure water market in 2023.
The Ultra Pure Water Global Market Report 2024 furnishes information about the global ultra pure water market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
