Ultrapure Water Market by Equipment, Material, and Service (Filtration, Consumables/Aftermarket), Application (Washing Fluid, Process Feed), End-Use Industry (Semiconductor, Power, Pharmaceutical), and Region - Global Forecast to 2027

Ultrapure Water Market by Equipment, Material, and Service (Filtration, Consumables/Aftermarket), Application (Washing Fluid, Process Feed), End-Use Industry (Semiconductor, Power, Pharmaceutical), and Region - Global Forecast to 2027

The global ultrapure water market size is projected to reach USD 12.1 billion by 2027 from USD 8.0 billion in 2022, at a CAGR of 8.6% during the forecast period. Ultrapure water is used in a wide variety of applications, including semiconductor manufacturing, pharmaceutical production, and laboratory research. In order to avoid corrosion and other problems, ultrapure water is also used in power generation and other industrial processes. Ultrapure water is used in the semiconductor industry as a cleaning agent, in the power industry to make steam to drive steam turbines, and the pharmaceutical industry uses it as an ingredient in products as well as a cleaning agent. The growth of the semiconductor industry is expected to fuel the growth of the market for ultrapure water in the coming years.

Washing fluid segment is estimated to be the second-fastest growing in terms of value amongst other applications in the ultrapure water market, during the forecast period

Ultrapure water is used as a washing fluid in clean room practices to avoid contamination of products. Semiconductor wafer fabrication and flat screen display are the two end-use industries where ultrapure water is used as washing fluid. The pharmaceutical industry is another sector where ultrapure water is used as a washing fluid in sterile and non-sterile areas.

Pharmaceutical is projected to grow into the second-fastest growing end-use industry in the ultrapure water market, in terms of value.

In the pharmaceutical industry, ultrapure water is used for the preparation of drug formulations. This is because even small amounts of impurities in the water can potentially affect the safety and efficacy of drug formulations. Several processes in the manufacture of pharmaceutical also make use of ultrapure water, including the sterilization of items like injectable medications as well as the cleaning of surfaces and equipment to prevent contamination.

Middle East & Africa is projected to be the third-fastest in the ultrapure water market during the forecast period.

The Middle East & Africa is an emerging market for ultrapure water and is expected to witness good growth in the coming years. Rising investments by foreign companies, production activities undertaken in semiconductor and pharmaceutical industries, and rising living standard are driving the demand for ultrapure water in this region. Saudi Arabia is witnessing a rising demand for ultrapure Water due to the growth in the semiconductor and oil & gas industries in the country.

Extensive primary interviews were conducted in the process of determining and verifying the sizes of several segments and subsegments of the ultrapure water market gathered through secondary research.

The breakdown of primary interviews has been given below.

By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%

By Designation: C Level Executives – 20%, Director Level – 10%, Others – 70%

By Region: North America – 20%, Asia Pacific – 30%, Europe – 30%, Middle East & Africa – 10%, South America-10%.

The key players in the ultrapure water market are Veolia (France), Asahi Kasei (Japan), Ecolab (US), DuPont (US), Evoqua Water Technologies (France), Ovivo Inc. (Canada), Organo Corporation (Japan), Hydranautics (US), Danaher Corporation (US), MANN+HUMMEL (Germany), Pentair (US), and Kurita Water Industries (Japan), among others. The ultrapure water market report analyzes the key growth strategies, such as partnerships and acquisitions to strengthen their market positions.

Research Coverage

This report provides detailed segmentation of the ultrapure water market and forecasts its market size until 2027. The market has been segmented based on by equipment, material, and service (filtration, consumables/aftermarket, and others), by application (washing fluid, process feed), by end-use industry (semiconductor, power, pharmaceuticals, others) and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America). A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, partnerships, and acquisitions associated with the market for ultrapure water market.

Key benefits of buying this report

This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the organic coagulant market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

Analysis of key drivers (growing demand in electronics and semiconductor industries, increasing adoption of desalination technologies), restraints (limited availability of water resources), opportunities (increasing investment for wafer washing in emerging economies, increasing installation of supercritical and ultra-supercritical coal power plants), and challenges (meeting high-standard requirements for nanotechnology) influencing the growth of the ultrapure water market

Market Penetration: Comprehensive information on ultrapure water offered by top players in the global ultrapure water market.

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and acquisitions in the ultrapure water market.

Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for ultrapure water market across regions

Market Diversification: Exhaustive information about partnerships, growing geographies, and recent developments in the ultrapure water market

Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players