The According to a market research report, the Ultrapure Water Market by Equipment, Material, and Service (Filtration, Consumables/Aftermarket), Application (Washing Fluid, Process Feed), End-Use Industry (Semiconductor, Power, Pharmaceutical), and Region – Global Forecast to 2027″, size is projected to reach USD 12.1 billion by 2027, at a CAGR of 8.6% from USD 8.0 billion in 2022. The growing semiconductor and electronics industry, along with the new installations of coal-fired power plants, has contributed significantly to the growth of the global ultrapure water market.
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- 162 Market data Tables
- 47 Figures
- 189 Pages and in-depth TOC on “Ultrapure Water Market – Global Forecast to 2027”
This report also provides a comprehensive analysis of the companies listed below:
The key players in the ultrapure water market include Veolia (France), Asahi Kasei (Japan), Ecolab (US), DuPont (US), Evoqua Water Technologies (France), Ovivo Inc. (Canada), Organo Corporation (Japan), Hydranautics (US), Danaher Corporation (US), MANN+HUMMEL (Germany), Pentair (US), and Kurita Water Industries (Japan), among others.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the ultrapure water market.
Recent Developments in Ultrapure Water Market
- In January 2023, Xylem announced the acquisition of Evoqua Water Technologies in an all-stock transaction valuing approximately USD 7.5 billion.
- In July 2022, Ovivo acquired Wastech Controls and Engineering, Inc., an automation solution provider in water and wastewater treatment. It will enhance the cross-selling opportunities for both companies.
- In December 2021, Ovivo and AquaAction renewed and strengthened their partnership to create an impact in the technology and innovation sector.
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Based on equipment, material, and service, filtration is the largest segment. The filtration segment primarily consists of the equipment and the systems which are required either during new installations or upgradations of new water treatment plants/systems for end-use industries. All the top players in the ultrapure water market are providing filtration products & services.
Based on application, the washing fluid industry is the largest consumer of ultrapure water, accounting for 59.1% of the overall ultrapure water market in 2022. The dominance of the washing fluid segment is due to the increasing demand for high-quality and high-purity products in industries such as semiconductor manufacturing, electronics, pharmaceutical, and biotechnology.
Based on end-use industry, the semiconductor segment is the largest consumer of ultrapure water. The semiconductor industry uses a large amount of ultrapure water to rinse contaminants from the surface of the silicon wafers that are later turned into computer chips. This involves washing away small wafer fragments following the etching step, or washing away residual ions after ion implantation. Ultrapure water is also used when polishing or cutting wafers. The increasing demand for high-performance computing and data storage has led to a significant increase in semiconductor production.
Asia Pacific is the largest market for ultrapure water due to rapid industrialization in recent years, particularly in countries like China, India, and South Korea. The region is home to some of the world’s largest semiconductor manufacturers. The high demand for semiconductor in electronic devices and the growth of the electronics industry in the region has led to an increased demand for ultrapure water. In addition, the global semiconductor manufacturing industry is witnessing a gradual eastward shift. This has led to an increase in demand for ultrapure water, which is used in various industrial processes such as semiconductor, pharmaceutical, and electronic manufacturing.
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