Global Ultrapure Water Market to Reach $7.9 Billion by 2025

SAN FRANCISCO , March 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Ultrapure Water - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Edition: 10; Released: February 2022
Executive Pool: 874
Companies: 51 - Players covered include Dupont ; Evoqua Water Technologies LLC; Hydranautics - A Nitto Group Company.; Koch Membrane Systems Inc.; Kurita Water Industries Ltd.; Mar Cor Purification, Inc; Microdyn-Nadir GmbH; Nalco Water, An Ecolab Company; Ovivo Inc.; Pall Corporation; Pentair plc (UK); SUEZ - Water Technologies & Solutions; Veolia Environnement S.A. and Others.
Coverage: All major geographies and key segments
Segments: Segment (Filtration, Consumables, Other Segments); Application (Washing Fluid, Process Feed); End-Use (Semiconductors, Coal Fired Power, Flat Panel Display, Pharmaceuticals, Other End-Uses)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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ABSTRACT-

Global Ultrapure Water Market to Reach $7.9 Billion by 2025 
Ultrapure water, also termed as highly purified water or high-purity water, is free from all contaminants and conforms to strict guidelines regarding purity. Ultrapure water is required to be treated to ensure compliance with various quality standards followed by end-user industries including semiconductors, pharmaceuticals, solar PV, power generation and various specialty applications like research laboratories. Amid the COVID-19 crisis, the global market for Ultrapure Water is projected to reach US$7.9 Billion by 2025, registering a compounded annual growth rate (CAGR) of 3.6% over the analysis period. Asia-Pacific represents the largest regional market for Ultrapure Water, accounting for an estimated 29.5% share of the global total. The market is projected to reach US$2.4 Billion by the close of the analysis period. Asia-Pacific is forecast to emerge as the fastest growing regional market with a CAGR of 4.2% over the analysis period.

The global market for ultrapure water is projected to expand steadily due to strong demand from major end-use industries, technological advancements and stringent regulations. In the coming years, the market growth is anticipated to be fueled by increasing applications, rising adoption owing to high degree of customization, strong demand from clean room practices and expansion of the semiconductor industry. Rising investment in wafer washing across developing countries and increasing deployment of supercritical and ultra-supercritical coal-fired plants are slated to provide new growth opportunities. The semiconductor industry is the primary contributor to growth of the global market owing to extensive consumption of ultrapure water in wafer fabrication and clean room practices. Manufacturers of semiconductor chips use ultrapure water during wafer production for wafer itching, washing and cleaning processes. Ultrapure water is an integral component of power generation plants and plays a vital role in coal-fired power plants as a result of increasing adoption of supercritical boilers. The increasing demand for energy, particularly in developing countries, is also driving consumption of ultrapure water in power plants.

North America is the leading market for ultrapure water globally. The North American market is anticipated to gain from strong demand for the water in the US and Canada. The Asia-Pacific market for ultrapure water is driven by robust demand from semiconductor industry. Taiwan and South Korea represent the leading semiconductor manufacturing hubs across Asia-Pacific. The demand for ultrapure water in China is expected to be propelled by increasing industrial output over the last few years. The region is witnessing increasing demand for ultrapure water from the semiconductor manufacturing industry. On the other hand, Europe is estimated to register a consistent growth owing to the presence of leading players and technological advancements. The ultrapure water market in the Middle East & Africa and Latin America is projected to witness a lucrative growth in the coming years.

Filtration remains the leading equipment segment of the global ultrapure water market, holding the major share of the market. On the other hand, the consumables/aftermarket segment is likely to exhibit a fast growth owing to increasing demand for resins and membranes for addressing production requirements across end-use industries. The promising outlook of consumables is anticipated to drive leading players to target the segment. By application, washing fluid holds the major revenue share of the ultrapure water market, and is estimated to witness a lucrative growth over the coming years. The segment is likely to gain from extensive use of ultrapure water as washing fluid across various industries including semiconductor, pharmaceutical and flat panels. Players in these industries use ultrapure water in different processes for cleaning and washing small components or parts to remove particles and impurities. The process feed application is also expected to register positive growth due to the use of ultrapure water as process feed in gas turbine and coal-fired power generation plants. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
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Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.