The Ultra-pure Water Market size is estimated at USD 7.81 billion in 2024, and is expected to reach USD 12.29 billion by 2029, growing at a CAGR of 9.5% during the forecast period (2024-2029).
The demand for ultrapure water decreased in a few industries due to the COVID-19 pandemic. However, the application of ultrapure water has increased in the pharmaceutical industry. Post-pandemic, the demand for ultrapure water has increased significantly in various industries, including semiconductors, pharmaceuticals, and power generation.
The ultrapure water market is fragmented in nature. Major players in the market are (not in any particular order) Veolia, Evoqua Water Technologies LLC, Kurita Water Industries Ltd, Asahi Kasei Corporation, and 3M.
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