Ultra-Pure Water
The Ultra Pure Water Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Ultra Pure Water Global Market Report 2024, The ultra pure water market size has grown strongly in recent years. It will grow from $9.88 billion in 2023 to $10.8 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to semiconductor industry demand, electronics manufacturing, pharmaceutical and biotechnology applications, power generation, healthcare and laboratories.
The ultra pure water market size is expected to see rapid growth in the next few years. It will grow to $16.21 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to rising demand in electronics production, biopharmaceutical industry growth, increased power generation needs, advancements in healthcare and life sciences, environmental and regulatory standards. Major trends in the forecast period include expansion of the electronics industry, rapid growth in healthcare infrastructure, water recycling and reuse initiatives, growing awareness of waterborne diseases, market consolidation and strategic partnerships.
The increased usage in the semiconductor manufacturing industry is driving the demand for the ultra pure water market. The semiconductor manufacturing industry refers to the sector that includes companies involved in the production of semiconductors, where electronic devices are assembled by a series of nanofabrication procedures carried out on the surface of substrates consisting of extremely pure single crystal silicon. Ultrapure water is required at every semiconductor industry’s manufacturing stage. Processes and water treatment technologies are needed to treat intake water to high-quality levels to eliminate pollutants, minerals, microbes, and trace organic and nonorganic compounds. For instance, in March 2022, according to the annual report published by TSMC, a Taiwan-based semiconductor manufacturing company, stated that the company recorded an increase in water usage from 77,257,163 m3 in 2020 to 82,674,982 m3 in 2021. Therefore, the increased use of ultra-pure water in the semiconductor manufacturing industry will drive the growth of the ultra pure water market.
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The ultra pure water market covered in this report is segmented –
1) By Equipment: Filtration, Reverse Osmosis, Ultraviolet, Electro Deionization, Other Equipment
2) By Capacity Consideration: Large Scale, Small Scale
3) By Application: Washing Fluid, Process Feed
4) By End User: Semiconductor, Power Generation, Flat Panel Display, Pharmaceuticals, Other End Users
Major companies operating in the ultra pure water market are focusing on innovative products such as centralized laboratory water purification systems that fulfill different laboratory requirements and can be integrated with various water treatment technologies. A centralized laboratory water purification system is a cost-effective and efficient solution for providing high-purity, laboratory-grade water (Types I, II, and III) to multiple laboratory applications within a building. For instance, in January 2023, Envirogen Group, a UK-based industrial engineering company, launched LabPure, which is a centralized, energy-efficient ultra-pure water purification system designed for lab environments requiring ultra-pure water Type 1. It uses chemical-free RO-EDI technology and offers 150 to 1000 l/h flow rates for various applications. It meets regulatory and design compliance standards and can be adjusted to meet specific requirements, optimizing energy savings and space efficiency.
The ultra pure water market report table of contents includes:
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