Ultrapure Water Market Size, Share, Growth Report 2032

Global Ultrapure Water Market Size:

The global ultrapure water market size was worth USD 7,392.5 million in 2021 and is estimated to grow to USD 11,408.8 million by 2028, with a compound annual growth rate (CAGR) of roughly 7.5 percent over the forecast period. The report analyzes the ultrapure water market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the ultrapure water market.

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Ultrapure Water Market: Overview

Ultrapure water (UPW), high-purity water (HPW), or highly purified water are terms used to describe water that has undergone particularly stringent purification (HPW). Water that has undergone the most thorough purification processes is referred to as ultrapure water.

This includes removing all traces of organic and inorganic chemicals, dissolved and particulate matter, volatile and non-volatile substances, reactive and inert substances, hydrophilic and hydrophobic substances, and dissolved gases. Water is treated in several processes, typically three, to produce extremely pure water. The initial purification step of water is created during the pre-treatment phase. The water is further purified in the following stage, which is the first stage.

The final stage, often known as the polishing stage, employs electro deionization. The use of extremely complex and specialized technology makes this step the most expensive. The global ultrapure water market is expanding due to the rising demand for ultrapure water, which is particularly high in power generation facilities.

An increase in the need for ultrapure water to clean tiny electronic devices like semiconductor wafers and wafers has been predicted to propel the market for ultrapure water over the forecast period. However, the rise of the global market for ultrapure water may be constrained by the high standards set by emerging nanotechnology.

COVID-19 Impact:

The COVID-19 epidemic will probably hasten digitalization, benefiting the microelectronics sector. IoT technologies, including data analytics, cloud computing, augmented intelligence, and blockchain, are becoming more widely used. Customers will look for solutions with remote monitoring and control capabilities more and more as a way to analyze, automate, correct in real time, forecast, and reduce risks. It is anticipated that the rollout of the 5G mobile network will increase demand for semiconductor parts. The need for ultra-pure water in the business will rise as a result.

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Key Insights

• As per the analysis shared by our research analyst, the global ultrapure water market value is expected to grow at a CAGR of 7.5% over the forecast period.
• In terms of revenue, the global ultrapure water market size was valued at around USD 7,392.5 million in 2021 and is projected to reach USD 11,408.8 million by 2028.
• Growing demand from the semiconductor industry and expanding uses of ultra-pure water in the pharmaceutical industry are two major market-driving drivers.
• By equipment, materials & services, the filtration category dominated the market in 2021.
• By application, the washing fluids category dominated the market in 2021.
• North America dominated the global ultrapure water market in 2021.

Global Ultrapure Water Market: Growth Drivers

Rapid use of ultrapure water in the electronics and semiconductor industry is boosting the market growth

Japan is the world's third-largest electronics manufacturing market and the fourth-largest export destination for American semiconductor manufacturing equipment, according to the International Trade Administration (ITA). The principal application for ultrapure water is in the semiconductor industry. It is used in a variety of applications, including the fabrication of wafers and clean rooms. The need for ultra-pure water of the highest quality has increased industry unit costs as the demand for semiconductors has grown technologically.

Thus, ultrapure water's principal users are companies producing semiconductor wafers. The global ultrapure water market has greatly profited from the expansion of the semiconductor and electronics industries. Additionally, the market for ultrapure water will experience rapid expansion due to the increased need for cleanroom procedures.

Additionally, the growing market value will be fueled by the booming demand for ultrapure water from the nanosciences sector. The market is expected to grow as a result of rising personalization.

Global Ultrapure Water Market: Restraints

High standards have been established through developing nanotechnology, which may hamper the market growth

Ultrapure water can lead to various major issues in the current semiconductor manufacturing process. Traditional aqueous cleaning and subsequent drying tend to collapse high aspect ratio nanostructures as system geometry gets smaller and more complicated because of the high water surface tension. High water responsiveness with oxygen and silicon can result in watermarks on silicon surfaces, and high water resistance can produce flow electrification during wafer cleaning. As a result, the high standards imposed by developing nanotechnology could impede the growth of the global ultrapure water market.

Ultrapure Water Market: Segmentation

The global ultrapure water market has been segmented into equipment, materials & services, application, and end-use industry.

Based on equipment, materials & services, the worldwide ultrapure water market is segmented into filtration, consumables/ aftermarket, and others. In 2021, the filtering market represented 34.90 percent of total revenue. Particle filtration, depth filtration, carbon filtration, microfiltration, ultrafiltration, nanofiltration, and gas filtration are some of the Ultrapure filtration techniques.

Based on application, the global ultrapure water market is segmented into washing fluid and process feed. The washing fluids acquired the majority market share in 2021. One of the most significant uses of ultrapure water is as a washing fluid. Pharmaceutical, flat-panel, and semiconductor sectors use ultrapure water as cleaning fluids. Another factor promoting the growth of the washing fluid market is the use of ultrapure water for extra impurity removal in various sectors.

Based on the end-use industry, the worldwide ultrapure water market is segmented into semiconductors, coal-fired power, flat panel display, pharmaceuticals, gas turbine power, and others. In 2021, the semiconductor industry dominated the market. With technological advancements in the semiconductor sector, the necessity for the highest grade of ultrapure water has significantly raised industrial unit costs. Therefore, various semiconductor wafer manufacturers will be the market's future target for ultrapure water. It is crucial that the water in semiconductor factories does not contain dissolved contaminants that may precipitate or particles that may lodge in circuits and result in microchip failure.

Ultrapure Water Market: Regional Landscape

Asia-Pacific dominated the ultrapure water market in 2021

During the forecast period, the Asia-Pacific region is anticipated to lead the global ultra-pure water market. The demand for ultra-pure water has increased due to the rising demand from nations like China, India, and Japan. The second-largest market for drugs in the world is China. The country's aging population, expanding middle class, rising earnings, and accelerating urbanization contribute to the pharmaceutical market's strong growth. By 2022, the nation's pharmaceutical revenues could total USD 175 billion. The usage of ultra-pure water in medicinal applications is anticipated to rise. The initiative by the Indian government to boost semiconductor production may have a promising future. The government has been developing a plan to increase domestic semiconductor production.

Ultrapure Water Market: Competitive Landscape

Some of the main competitors dominating the global ultrapure water market include- Dow Water & Process Solutions, GE water and process technologies Inc., Pall Corporation, Veolia Environment S.A., Ovivo Inc., Osmoflo, and others are among the leading manufacturers of systems and equipment.

Report Scope:

Global Ultrapure Water Market is segmented as follows:

By Equipment, Materials & Services

• Filtration
• Consumables/ Aftermarket
• Others

By Application

• Washing Fluid
• Process Feed

By End-Use Industry

• Semiconductors
• Coal Fired Power
• Flat Panel Display
• Pharmaceuticals
• Gas Turbine Power
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa