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.
Ultrapure Water Market
The pharmaceutical industry's rising usage of ultrapure water for power generation in boilers and other industries is driving the global market. Government initiatives that raise demand for ultrapure water will also fuel the market's growth.
According to the report, 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, along a compound annual growth rate (CAGR) of roughly 7.5 percent over the forecast period.
During the forecast period, the Asia-Pacific region is anticipated to lead the ultra-pure water market. The demand for ultra-pure water has increased due to the rising demand from nations like China, India, and Japan.
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.