Global Ultrapure Water Market – Industry Trends and Forecast to 2029

Global Ultrapure Water Market, By Equipment (Filtration, Consumables, Others), Application (Washing Fluid, Process Feed), Technologies (Reverse Osmosis (RO), Ion Exchange, Ultrafiltration, Tank Vent filtration, Resin Trap filtration, Degasification, Electrode ionization and Others), Treatment Process (Pre-Treatment, Roughening and Polishing), End Use (Semiconductors, Coal Fired Power, Flat Panel Display, Pharmaceuticals, Gas Turbine Power, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

Over the last decade, research and development spending has massively increased over the world. The increase in the number of research and testing facilities, particularly in the pharmaceutical and biotechnology industries, can be linked to this. As a result, demand for laboratory analysis techniques and equipment, such as chromatography instruments, reagents, and other consumables, is increasing. As the ultrapure water is often employed to validate results, demand for it will rise as research and development activities increase. This trend will aid the global ultrapure water market to flourish largely over the forecasted period.

Global Ultrapure Water Market was valued at USD 7.62 billion in 2021 and is expected to reach USD 13.90 billion by 2029, registering a CAGR of 7.80% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition

The water that has been purified to unusually severe criteria is known as ultrapure water (UPW), high-purity water (HPW) or highly purified water (HPW). Ultrapure water refers to water that has been treated to the highest levels of purity for all types of contaminants, including organic and inorganic chemicals, dissolved and particulate matter, volatile and non-volatile, reactive and inert, hydrophilic and hydrophobic, and dissolved gases.

Report Scope and Market Segmentation

Ultrapure Water Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Accelerating Demand Of Ultrapure Water 

The ultrapure water industry's market growth is determined by the increasing demand for ultrapure water for cleaning small and minute electronic equipment such as semiconductors and wafers over the forecast period. Ultrapure water applications are divided into two categories: process feed and washing fluids, which are used in a variety of sectors, boosting ultrapure water market growth. The growing demand for cleanroom practices and key equipment in the molecular science industry is aiding the market's potential growth throughout the forecast period.

• Utilization in Electronics and Semiconductor Sector

According to the International Trade Administration (ITA), Japan is the world's third largest electronics manufacturing industry, and the United States' fourth largest export market for semiconductor manufacturing equipment. The semiconductor sector is the primary user of ultrapure water. It is utilized in clean rooms, wafer production, and various other applications. The requirement for the highest grade of ultra-pure water has increased the industry's unit prices as the demand for semiconductors has expanded technologically. Semiconductor wafer manufacturers are hence the primary users of ultrapure water. The ultrapure water market has largely benefited significantly from the growth of the electronics and semiconductor sectors.

Furthermore, the high demand for cleanroom practices will further propel the growth rate of ultrapure water market. Additionally, the stimulating demand of the ultrapure water from nano-sciences industry will also drive market value growth. The growing customization are projected to bolster the growth of the market.

Opportunities

• Growing installations of Power Plants and Surging Investments

Furthermore, the increasing installations of supercritical and ultra-supercritical coal power plants extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the germinating investment in the wafers washing amidst the emerging economies will further expand the future growth of the ultrapure water market.

Restraints/Challenges

• Product Piracy

The increased possibility of product piracy is estimated to create hindrances for the growth of the ultrapure water market.

• High Standard Requirements

In semiconductor manufacturing, the ultrapure water can cause various issues. Due to high water surface tension, typical aqueous cleaning and subsequent drying tend to collapse high aspect ratio nanostructures due to high water surface tension as system geometry shrinks and becomes more complicated. Watermarks on silicon surfaces can be caused by high water resistance during wafer cleaning, and high water responsiveness with oxygen and silicon can generate flow electrification. As a result, the meeting high standard requirements of advancing nanotechnology are estimated to be a demerit for the ultrapure water market. Therefore, this will challenge the ultrapure water market growth rate.

Moreover, the unending dominance of mature players and manufacturers are also expected to hamper growth of the global ultrapure water market.

This ultrapure water market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ultrapure water market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Ultrapure Water Market

The recent outbreak of coronavirus had a negative impact on the ultrapure water market. The severe disruptions in various manufacturing and supply-chain operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease les to huge financial setbacks for the market. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the outbreak. Over the forecast period, the aforementioned determinants will weigh the market's revenue trajectory over the forecast period.

On the brighter side, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue and as a result the market is estimated to expand.

Recent Development

• On April 2021, Mura Technology established a relationship with Dow Chemicals, one of the world's major plastics makers. The agreement will help Mura's revolutionary HydroPRSTM process scale up quickly, preventing millions of tonnes of plastic and carbon from entering the natural environment each year and laying the groundwork for a circular plastics economy.

Global Ultrapure Water Market Scope

The ultrapure water market is segmented on the basis of equipment, application, technologies, treatment process and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Equipment

• Filtration
• Consumables
• Others

Application

• Washing Fluid
• Process Feed

Technologies

• Reverse Osmosis (RO)
• Ion Exchange
• Ultrafiltration
• Tank Vent filtration
• Resin Trap filtration
• Degasification
• Electrode ionization
• Others

Treatment Process

• Pre-Treatment
• Roughening
• Polishing

End Use

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

Ultrapure Water Market Regional Analysis/Insights

The ultrapure water market is analyzed and market size insights and trends are provided by country, equipment, application, technologies, treatment process and end use as referenced above.

The countries covered in the ultrapure water market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the ultrapure water market because of the increasing use of ultrapure water in aerospace applications within the region.

On the other hand, Asia-Pacific is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the increasing spending on research and development for applications of defense and aerospace in the emerging economies in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Ultrapure Water Market Share Analysis

The ultrapure water market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ultrapure water market.

Some of the major players operating in the ultrapure water market are

• Dow (U.S.)
• General Electric (U.S.)
• Pall Corporation (U.S.)
• Veolia (France)
• Ovivo (Canada)
• Evocus (India)
• Osmoflo (Australia)
• Ovivo (Canada)
• MANN+HUMMEL Water & Fluid Solutions. (Germany)
• Pentair (U.S.)
• Kurita Water Industries Ltd. (Japan)
• Memstar USA (U.S.)
• Synder Filtration, Inc., (U.S.)
• Koch Separation Solutions (U.S.)
• NX Filtration BV (Netherlands)
• Osmoflo (Australia)
• Evoqua Water Technologies LLC (U.S.)