11-Aug-2022 | Zion Market Research
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 approximately 7.5 percent over the forecast period. The report analyzes the ultrapure water market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the ultrapure water market.
The term "ultrapure water" (UPW) refers to water that has undergone a remarkable amount of filtering. In the semiconductor industry, the term "ultrapure water" is frequently used to emphasize how the water is blessed with the highest levels of purity for all impurity types, including dissolved gases, organic & inorganic mixtures, disintegrated & particulate issues, unstable & non-unpredictable, receptive & latent impurities. UPW and the more common term deionized (DI) water are not interchangeable. A typical UPW system includes three phases: a pretreatment stage to give purged water, an important stage to additionally filter the water, and a cleaning stage, which is the most expensive component of the treatment cycle. UPW can remove natural particles and broken-down gases.
The pharmaceutical industry's rising usage of ultrapure water for power generation in boilers and other industries is driving the growth of the global ultrapure water market. Government initiatives that raise demand for ultrapure water will also fuel the market's growth. The expanding applications in the pharmaceutical industry and the growing interest from the semiconductor industry are the main factors driving the market under study.
The market is growing as cleanroom standards for the essential hardware in the atomic research sector become more stringent. Increased wafer production in emerging nations and rising demand for ultra-pure wafer washing water will create lucrative business prospects for industry participants worldwide. However, the high standards imposed by developing nanotechnology could limit the expansion of the world market for ultrapure water.
The global ultrapure water market is segregated based on equipment, materials & services, application, end-use industry, and regions. Based on equipment, materials & services, the market is divided into filtration, consumables/ aftermarket, and others. In 2021, filtration equipment dominated the market. Based on application, the market is divided into washing fluid and process feed.
The washing fluids acquired the majority market share in 2021. Based on the end-use industry, the market is divided into semiconductors, coal-fired power, flat panel display, pharmaceuticals, gas turbine power, and others. In 2021, the semiconductor industry dominated the market.
The global ultrapure water market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. During the projection period, Asia Pacific is anticipated to hold the greatest market share and dominate the ultrapure water industry. The market is expanding due to the strong demand for coal-fired power and semiconductor industries.
With its large production, China is the world's top producer of ultrapure water, with Taiwan and South Korea coming in second and third, respectively, in terms of market demand. In the Asia-Pacific area, the major producers of ultra-pure water are found. Organo Corporation, DuPont, Veolia, Pall Corporation, and Pentair PLC are a few of the top businesses producing ultra-pure water. Ultra-pure water has many uses outside the semiconductor business, including the pharma industry, power generation in boilers, and other sectors.
The above elements and government assistance will boost the demand for ultra-pure water during the anticipated period. One of the fastest-growing markets for ultrapure water is North America. Companies that manufacture semiconductors, including Intel Corporation, Nvidia, Texas Instruments, and Micron Technology, employ ultrapure water as a cleaning agent. It's employed to eliminate dissolved contaminants that could precipitate or particles that could collect on circuits and ruin microchips.
Key players in 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, among the leading manufacturers of systems and equipment.
Browse the full “Ultrapure Water Market By Equipment, Materials & Services (Consumables/ Aftermarket, Filtration, and Others), By Application (Process Feed and Washing Fluid), By End-Use Industry (Coal Fired Power, Gas Turbine Power, Semiconductors, Pharmaceuticals, Flat Panel Display, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/ultrapure-water-market
Global Ultrapure Water Market is segmented as follows:
By Equipment, Materials & Services
By End-Use Industry
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