Global Ultrapure Water Market Insights Forecasts to 2032

• The Global Ultrapure Water Market Size was valued at USD 8.1 Billion in 2022.
• The market is growing at a CAGR of 8.2% from 2022 to 2032
• The global Ultrapure Water Market is expected to reach USD 13.7 Billion by 2032
• North America is expected to grow the fastest during the forecast period

The Global Ultrapure Water Market Size is expected to reach USD 13.7 Billion by 2032, at a CAGR of 8.2% during the forecast period 2022 to 2032.

Ultrapure water is a type of water that has undergone rigorous purification procedures to eliminate pollutants and toxins. It undergoes numerous purification procedures in order to reach an incredibly high level of purity, frequently exceeding that of regular drinking water or even filtered water. In order to remove several sorts of pollutants, such as dissolved solids, organic compounds, particles, bacteria, and trace contaminants, ultrapure water must undergo numerous steps of filtering and treatment. In many different fields, such as pharmaceuticals, electronics production, laboratory research, and medical applications, ultrapure water is frequently utilised to provide accurate and dependable findings.

Impact of COVID 19 On Global Ultrapure Water Market

The pandemic has affected the availability of raw materials, machinery, and chemicals required in the manufacture of ultrapure water systems by upsetting worldwide supply networks. The supply of ultrapure water in particular businesses may be impacted by this disturbance, which has occasionally delayed infrastructure maintenance and repair. The epidemic has significantly strained the world's healthcare systems, increasing the demand for ultrapure water in hospitals, clinics, and research labs. The creation of sterile solutions, laboratory testing, and equipment sterilisation are just a few of the many medical applications for ultrapure water. The study of the SARS-CoV-2 virus and the creation of vaccines, medications, and diagnostic equipment have received a lot of attention from the scientific community. Due to its use in numerous laboratory procedures, such as the creation of reagents, cell cultures, and analytical methods, ultrapure water is essential to these research endeavours.

Key Market Drivers

Reverse osmosis (RO) and electrodialysis are two typical desalination techniques used to remove dissolved salts and minerals from water. In these procedures, water is forced through a membrane that is semi-permeable and only accepts smaller salt and mineral particles while allowing water molecules to flow through. The crisis of water across the world has resulted into rise in the focus  on recycling of water and reuse of water. Ultrapure water is increasingly use in desalination because it is used to clean and maintain the different components of the desalination systems such as filters and membranes. Using seawater or brackish water sources that would otherwise be unusable because of their high salt content is made possible through desalination. In dry climates or places with few freshwater resources, this can assist reduce problems with water scarcity. Desalination technology can be used to produce ultrapure water, which has a wide range of uses in the pharmaceutical, electronics, electricity, and research and development sectors.

Key Market Challenges

The lack of availability of water resources will make it extremely difficult to get the large amount of water required for the production of ultrapure water. Not only this but also water scarcity can create a major problems in various places and the water sources which are present are polluted with impurities such as chemical as well as heavy metal which makes it difficult to produce high quality ultrapure water. Ultrapure water production calls for sophisticated and frequently intricate purification techniques, which can be costly to set up and maintain. The expense of creating and supplying ultrapure water can be significant due to the machinery, materials, and energy needed for filtration, deionization, distillation, and other treatment processes. Environmental issues may arise when waste products from the production of ultrapure water are disposed of, such as rejected brine from desalination or spent resin from deionization. In order to avoid negative environmental effects and to comply with legal requirements, proper management and treatment of these waste streams are required.

Market Segmentation

Type Insights

Washing Fluid segment is dominating the market with the largest market share over the forecast period

On the basis of type, the global ultrapure water market is segmented into washing fluid, process fluid. Among these, washing fluid segment is dominating the market with the largest market share over the forecast period. Ultrapure water alone doesn't have any antimicrobial qualities. Additional disinfectants or sanitizers may be required if the cleaning operation entails the elimination of microorganisms or the requirement for a sterile atmosphere. To obtain the necessary level of disinfection, these can be added to the washing fluid.

Application Insights

Semiconductors segment accounted the largest market share over the forecast period

Based on the application, the global  ultrapure water market is segmented into Semiconductors, Coal Fired Power, Flat Panel Display, Pharmaceuticals and Gas Turbine Power. Among these, the semiconductors segment accounted the largest market share over the forecast period. The highly sophisticated ultrapure water systems used in semiconductor manufacturing facilities include filtration, deionization, and other advanced treatment techniques to attain the required level of purity. For the semiconductor fabrication process to be successful, a steady supply of ultrapure water must be maintained by constant inspection, upkeep, and strict process controls.

Regional Insights

Asia Pacific region is dominating the market with the largest market share over the forecast period

Among all other regions, the Asia Pacific region is dominating the market with the largest market share over the forecast period. During the projection period, Asia Pacific is anticipated to hold the greatest market share and is dominating the ultrapure water industry. The market is expanding as a result of the coal-fired power industry's and the semiconductor industry's ongoing strong demand. Due to its large production, China is the world's top producer of ultrapure water, with Taiwan as well as South Korea coming in second and third, respectively, in terms of market demand. The two nations with the highest intake of ultrapure water are Canada and the US.

North America, on the other hand is witnessing the fastest market growth over the forecast period. In several businesses across North America, ultrapure water is used extensively. Due to the advanced industrial sectors in the area, such as semiconductor manufacture, pharmaceuticals, biotechnology, electronics, and research labs, there is a substantial need for ultrapure water. There are many semiconductor fabrication facilities in North America. For wafer cleaning, chemical mixing, photoresist preparation, and other crucial semiconductor production operations, these facilities heavily rely on ultrapure water. Ultrapure water is mostly used in high-tech clusters found in places like Silicon Valley in California and the semiconductor manufacturing centres found in Texas and Oregon.

Recent Market Developments

• In January 2023 Xylem has made an announcement about its acquisition with Evoqua Water Technologies.
• In July 2022, Ovivo has acquired Wastech Controls and Engineering, Inc. in order to enhance the cross selling opportunities for both companies.

List of Key Companies

• 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)
• Evoqua Water Technologies LLC (U.S.)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Ultrapure Water Market based on the below-mentioned segments:

Ultrapure Water Market, Type Analysis

• Washing Fluid
• Process Fluid

Ultrapure Water Market, Application Analysis

• Semiconductors
• Coal Fired Power
• Flat Panel Display
• Pharmaceuticals

Ultrapure Water Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa