Overview and Scope
The ultra-pure water refers to water which has been purified to very strict specifications. This ultrapure water is generated using procedures such as membrane filtration or ion exchange to achieve an ultimate conductivity of 10 uS/cm.
Sizing and Forecast
The ultra pure water market size has grown strongly in recent years. It will grow from $9.88 billion in 2023 to $10.8 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to semiconductor industry demand, electronics manufacturing, pharmaceutical and biotechnology applications, power generation, healthcare and laboratories.
The ultra pure water market size is expected to see rapid growth in the next few years. It will grow to $16.21 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to rising demand in electronics production, biopharmaceutical industry growth, increased power generation needs, advancements in healthcare and life sciences, environmental and regulatory standards. Major trends in the forecast period include expansion of the electronics industry, rapid growth in healthcare infrastructure, water recycling and reuse initiatives, growing awareness of waterborne diseases, market consolidation and strategic partnerships.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the ultra pure water market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the ultra pure water market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increased usage in the semiconductor manufacturing industry is driving the demand for the ultra pure water market. The semiconductor manufacturing industry refers to the sector that includes companies involved in the production of semiconductors, where electronic devices are assembled by a series of nanofabrication procedures carried out on the surface of substrates consisting of extremely pure single crystal silicon. Ultrapure water is required at every semiconductor industry’s manufacturing stage. Processes and water treatment technologies are needed to treat intake water to high-quality levels to eliminate pollutants, minerals, microbes, and trace organic and nonorganic compounds. For instance, in March 2022, according to the annual report published by TSMC, a Taiwan-based semiconductor manufacturing company, stated that the company recorded an increase in water usage from 77,257,163 m3 in 2020 to 82,674,982 m3 in 2021. Therefore, the increased use of ultra-pure water in the semiconductor manufacturing industry will drive the growth of the ultra pure water market.
Key Industry Players
Major companies operating in the ultra pure water market report are 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
The ultra pure water market report table of contents includes:
1. Executive Summary
2. Ultra Pure Water Market Characteristics
3. Ultra Pure Water Market Trends And Strategies
4. Ultra Pure Water Market – Macro Economic Scenario
5. Global Ultra Pure Water Market Size and Growth
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32. Global Ultra Pure Water Market Competitive Benchmarking
33. Global Ultra Pure Water Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Ultra Pure Water Market
35. Ultra Pure Water Market Future Outlook and Potential Analysis
36. Appendix
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