The Ultrapure Water Market size was valued at USD 8.75 billion in 2023 and is expected to grow to USD 16.59 billion by 2031 and grow at a CAGR of 8.5% over the forecast period of 2024-2031.
Ultrapure water (UPW) is a type of water that has undergone a rigorous purification process to meet high levels of specification. The ultrapure water market is a crucial component of the semiconductor, pharmaceutical, and power generation industries. In the semiconductor industry, UPW is an essential component in almost every phase of the manufacturing process. However, achieving the required quality of UPW involves a series of complex processes and advanced water treatment technologies that effectively eliminate contaminants, minerals, microorganisms, and trace organic chemicals and non-organic chemicals from the intake of water. The importance of UPW in the semiconductor industry cannot be ignored. It is used in various applications, including cleaning, rinsing, etching, and polishing. Any impurities in the UPW can cause significant damage to the semiconductor products, leading to costly production delays and losses.
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To ensure the quality of UPW, several water treatment technologies are employed, including reverse osmosis, ion exchange, and ultrafiltration. These processes work together to remove impurities and produce water that meets the stringent specifications required in the semiconductor industry.
Due to the Covid-19 pandemic, various sectors were affected including the ultrapure water market. The closure of manufacturing facilities and the disruption of transportation networks have resulted in a shortage of raw materials and equipment needed for the production of ultrapure water. This has led to a decrease in the production of ultrapure water, which has affected the supply chain and resulted in a decline in demand. Due to the wide spreading of the virus demand for ultrapure water was increased in the pharmaceutical industry which positively impacted the ultrapure water market. But supply chain disruption and other activities disrupted due to the lockdown had declined the demand for ultra-pure water in the semiconductor and power generation industry.
Drivers
Increasing demand for ultrapure water from the electronics and semiconductor industry
Growing adoption of ultrapure water in the nanoscience sector
Use of ultrapure water for cleaning small electronic equipment
Rising demand for ultrapure water in drug synthesis
The rapid adoption of desalination technology
As the electronics and semiconductor industry continue to expand and evolve, the need for ultrapure water will only continue to increase. Ultrapure water is required in each phase of the manufacturing process in the semiconductor industry. These factors propel the ultrapure water market significantly.
Restrain
Required high quantity of water for the purification
For the production of ultrapure water various technologies are used. For ultrapure water processing high quantity of water is required for the various purification processes. This factor is expected to hinder the growth of the ultrapure water market.
Opportunities
Rapid advancement in the technology
High investment in the R&D activities for ultrapure water
Challenges
Availability of water resources is limited
Russia- Ukraine has had an impact on various industries and the ultrapure water market is no exception to this. This war interrupted the supply chain of product from various sectors such as energy and power, semiconductors, etc. which requires ultrapure water in the various processes of manufacturing. This has decreased the demand for ultrapure water and affected the market significantly.
The economic crisis affected the ultrapure water market significantly. The recession has led to a decrease in demand for ultrapure water, as many industries have reduced their production and operations. This has resulted in a decline in revenue for companies that specialize in ultrapure water production and distribution. Furthermore, the recession has also led to a decrease in investment in the ultrapure water market. Many investors are hesitant to invest in this industry due to the uncertain economic climate. This lack of investment has made it difficult for companies to expand and innovate, which has further impacted the growth of the ultrapure water market.
By Equipment and Services:
Filtration
Consumables/Aftermarket
Others
By Technology:
Reverse Osmosis (RO)
Ion Exchange
Ultrafiltration
Tank Vent filtration
Resin Trap filtration
Degasification
Electrode ionization
Others
By Treatment Process:
Pre-Treatment
Roughening
Polishing
By End-use Industry:
Semiconductor
Pharmaceuticals
Power Generation
Others
By Application:
Washing Fluid
Process Feed
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The Asia Pacific region dominated the ultrapure water market globally and is expected to grow with a significant CAGR during the forecast period. This growth is mainly attributed to the presence of the largest pharmaceutical market in a country like China. The demand for ultrapure water is increasing rapidly in the pharmaceutical industry which further drives the market for ultrapure water in the Asia-Pacific region. Moreover, China is the World’s largest semiconductor market. Therefore, the need for ultrapure water in the production process of semiconductors is increasing rapidly in this region. All of these factors positively impacted the market for ultrapure water in the Asia Pacific region.
North America region is the second-largest market which dominates the ultrapure water market globally and holds a considerable revenue share of this market. The electronic industry is growing rapidly in this region which increases the need for ultrapure water and eventually positively impacted the ultrapure water market. Another factor that helped in the domination of this region is the technological advancement and increased R&D activities in this region.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are Pall Corporation, Veolia, Evocus, Osmoflo, Ovivo, MANN+HUMMEL Water & Fluid Solutions, Pentair, Memstar USA, Kurita Water Industries Ltd., Synder Filtration, Inc., DuPont, Koch Separation Solutions, NX Filtration BV, Evoqua Water Technologies LLC.
| Report Attributes | Details |
| Market Size in 2023 | US$ 8.75 Bn |
| Market Size by 2031 | US$ 16.59 Bn |
| CAGR | CAGR of 8.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Equipment and Services (Filtration, Consumables/Aftermarket, and Others) • By Technology (Reverse Osmosis (RO), Ion Exchange, Ultrafiltration, Tank Vent filtration, Resin Trap filtration, Degasification, Electrode ionization, and Others) • By Treatment Process (Pre-Treatment, Roughening, and Polishing) • By End-use Industry (Semiconductor, Pharmaceuticals, Power Generation, and Others) • By Application (Washing Fluid and Process Feed) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Pall Corporation, Veolia, Evocus, Osmoflo, Ovivo, MANN+HUMMEL Water & Fluid Solutions, Pentair, Memstar USA, Kurita Water Industries Ltd., Synder Filtration, Inc., DuPont, Koch Separation Solutions, NX Filtration BV, Evoqua Water Technologies LLC. |
| Key Drivers | • Increasing demand for ultrapure water from the electronics and semiconductor industry • Growing adoption of ultrapure water in the nanoscience sector • Use of ultrapure water for cleaning small electronic equipment |
| Market Opportunities | • Rapid advancement in the technology • High investment in the R&D activities for ultrapure water |
The expected CAGR of the global Ultrapure Water Market during the forecast period is 8.5%.
The market size of the Ultrapure Water Market is USD 8.75 billion in 2023.
The major key players are Pall Corporation, Veolia, Evocus, Osmoflo, Ovivo, MANN+HUMMEL Water & Fluid Solutions, Pentair, Memstar USA, Kurita Water Industries Ltd., Synder Filtration, Inc., DuPont, Koch Separation Solutions, NX Filtration BV, and Evoqua Water Technologies LLC.
Asia Pacific region contributed largely to the Ultrapure Water Market.
Rapid advancement in the technology and High investment in the R&D activities for ultrapure water are the opportunities for the Ultrapure Water Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Ultrapure Water Market Segmentation, By Equipment and Services
8.1 Filtration
8.2 Consumables/Aftermarket
8.3 Others
9. Ultrapure Water Market Segmentation, By Technology
9.1 Reverse Osmosis (RO)
9.2 Ion Exchange
9.3 Ultrafiltration
9.4 Tank Vent Filtration
9.5 Resin Trap Filtration
9.6 Degasification
9.7 Electrode ionization
9.8 Others
10. Ultrapure Water Market Segmentation, By Treatment Process
10.1 Pre-Treatment
10.2 Roughening
10.3 Polishing
11. Ultrapure Water Market Segmentation, By End-use Industry
11.1 Semiconductor
11.2 Pharmaceuticals
11.3 Power Generation
11.4 Others
12. Ultrapure Water Market Segmentation, By Application
12.1 Washing Fluid
12.2 Process Feed
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 North America Ultrapure Water Market by Country
13.2.2North America Ultrapure Water Market by Equipment and Services
13.2.3 North America Ultrapure Water Market by Technology
13.2.4 North America Ultrapure Water Market by Treatment Process
13.2.5 North America Ultrapure Water Market by End-use Industry
13.2.6 North America Ultrapure Water Market by Application
13.2.7 USA
13.2.7.1 USA Ultrapure Water Market by Equipment and Services
13.2.7.2 USA Ultrapure Water Market by Technology
13.2.7.3 USA Ultrapure Water Market by Treatment Process
13.2.7.4 USA Ultrapure Water Market by End-use Industry
13.2.7.5 USA Ultrapure Water Market by Application
13.2.8 Canada
13.2.8.1 Canada Ultrapure Water Market by Equipment and Services
13.2.8.2 Canada Ultrapure Water Market by Technology
13.2.8.3 Canada Ultrapure Water Market by Treatment Process
13.2.8.4 Canada Ultrapure Water Market by End-use Industry
13.2.8.5 Canada Ultrapure Water Market by Application
13.2.9 Mexico
13.2.9.1 Mexico Ultrapure Water Market by Equipment and Services
13.2.9.2 Mexico Ultrapure Water Market by Technology
13.2.9.3 Mexico Ultrapure Water Market by Treatment Process
13.2.9.4 Mexico Ultrapure Water Market by End-use Industry
13.2.9.5 Mexico Ultrapure Water Market by Application
13.3 Europe
13.3.1 Europe Ultrapure Water Market by Country
1.3.3.2 Europe Ultrapure Water Market by Equipment and Services
13.3.3 Europe Ultrapure Water Market by Technology
13.3.4 Europe Ultrapure Water Market by Treatment Process
13.3.5 Europe Ultrapure Water Market by End-use Industry
13.3.6 Europe Ultrapure Water Market by Application
13.3.7 Germany
13.3.7.1 Germany Ultrapure Water Market by Equipment and Services
13.3.7.2 Germany Ultrapure Water Market by Technology
13.3.7.3 Germany Ultrapure Water Market by Treatment Process
13.3.7.4 Germany Ultrapure Water Market by End-use Industry
13.3.7.5 Germany Ultrapure Water Market by Application
13.3.8 UK
13.3.8.1 UK Ultrapure Water Market by Equipment and Services
13.3.8.2 UK Ultrapure Water Market by Technology
13.3.8.3 UK Ultrapure Water Market by Treatment Process
13.3.8.4 UK Ultrapure Water Market by End-use Industry
13.3.8.5 UK Ultrapure Water Market by Application
13.3.9 France
13.3.9.1 France Ultrapure Water Market by Equipment and Services
13.3.9.2 France Ultrapure Water Market by Technology
13.3.9.3 France Ultrapure Water Market by Treatment Process
13.3.9.4 France Ultrapure Water Market by End-use Industry
13.3.9.5 France Ultrapure Water Market by Application
13.3.10 Italy
13.3.10.1 Italy Ultrapure Water Market by Equipment and Services
13.3.10.2 Italy Ultrapure Water Market by Technology
13.3.10.3 Italy Ultrapure Water Market by Treatment Process
13.3.10.4 Italy Ultrapure Water Market by End-use Industry
13.3.10.5 Italy Ultrapure Water Market by Application
13.3.11 Spain
13.3.11.1 Spain Ultrapure Water Market by Equipment and Services
13.3.11.2 Spain Ultrapure Water Market by Technology
13.3.11.3 Spain Ultrapure Water Market by Treatment Process
13.3.11.4 Spain Ultrapure Water Market by End-use Industry
13.3.11.5 Spain Ultrapure Water Market by Application
13.3.12 The Netherlands
13.3.12.1 Netherlands Ultrapure Water Market by Equipment and Services
13.3.12.2 Netherlands Ultrapure Water Market by Technology
13.3.12.3 Netherlands Ultrapure Water Market by Treatment Process
13.3.12.4 Netherlands Ultrapure Water Market by End-use Industry
13.3.12.5 Netherlands Ultrapure Water Market by Application
13.3.13 Rest of Europe
13.3.13.1 Rest of Europe Ultrapure Water Market by Equipment and Services
13.3.13.2 Rest of Europe Ultrapure Water Market by Technology
13.3.13.3 Rest of Europe Ultrapure Water Market by Treatment Process
13.3.13.4 Rest of Europe Ultrapure Water Market by End-use Industry
13.3.13.5 Rest of Europe Ultrapure Water Market by Application
13.4 Asia-Pacific
13.4.1 Asia Pacific Ultrapure Water Market by Country
13.4.2 Asia Pacific Ultrapure Water Market by Equipment and Services
13.4.3 Asia Pacific Ultrapure Water Market by Technology
13.4.4Asia Pacific Ultrapure Water Market by Treatment Process
13.4.5Asia Pacific Ultrapure Water Market by End-use Industry
13.4.6 Asia Pacific Ultrapure Water Market by Application
13.4.7 Japan
13.4.7.1 Japan Ultrapure Water Market by Equipment and Services
13.4.7.2 Japan Ultrapure Water Market by Technology
13.4.7.3 Japan Ultrapure Water Market by Treatment Process
13.4.7.4 Japan Ultrapure Water Market by End-use Industry
13.4.7. 5Japan Ultrapure Water Market by Application
13.4.8South Korea
13.4.8.1 South Korea Ultrapure Water Market by Equipment and Services
13.4.8.2 South Korea Ultrapure Water Market by Technology
13.4.8.3 South Korea Ultrapure Water Market by Treatment Process
13.4.8.4 South Korea Ultrapure Water Market by End-use Industry
13.4.8.5 South Korea Ultrapure Water Market by Application
13.4.9 China
13.4.9.1 China Ultrapure Water Market by Equipment and Services
13.4.9.2 China Ultrapure Water Market by Technology
13.4.9.3 China Ultrapure Water Market by Treatment Process
13.4.9.4 China Ultrapure Water Market by End-use Industry
13.4.9.5 China Ultrapure Water Market by Application
13.4.10 India
13.4.10.1 India Ultrapure Water Market by Equipment and Services
13.4.10.2 India Ultrapure Water Market by Technology
13.4.10.3 India Ultrapure Water Market by Treatment Process
13.4.10.4 India Ultrapure Water Market by End-use Industry
13.4.10.5 India Ultrapure Water Market by Application
13.4.11 Australia
13.4.11.1 Australia Ultrapure Water Market by Equipment and Services
13.4.11.2 Australia Ultrapure Water Market by Technology
13.4.11.3 Australia Ultrapure Water Market by Treatment Process
13.4.11.4 Australia Ultrapure Water Market by End-use Industry
13.4.11.5 Australia Ultrapure Water Market by Application
13.4.12 Rest of Asia-Pacific
13.4.12.1 APAC Ultrapure Water Market by Equipment and Services
13.4.12.2 APAC Ultrapure Water Market by Technology
13.4.12.3 APAC Ultrapure Water Market by Treatment Process
13.4.12.4 APAC Ultrapure Water Market by End-use Industry
13.4.12.5 APAC Ultrapure Water Market by Application
13.5 The Middle East & Africa
13.5.1 The Middle East & Africa Ultrapure Water Market by Country
13.5.2 The Middle East & Africa Ultrapure Water Market by Equipment and Services
13.5.3 The Middle East & Africa Ultrapure Water Market by Technology
13.5.4The Middle East & Africa Ultrapure Water Market by Treatment Process
13.5.5 The Middle East & Africa Ultrapure Water Market by End-use Industry
13.5.6The Middle East & Africa Ultrapure Water Market by Application
13.5.7 Israel
13.5.7.1 Israel Ultrapure Water Market by Equipment and Services
13.5.7.2 Israel Ultrapure Water Market by Technology
13.5.7.3 Israel Ultrapure Water Market by Treatment Process
13.5.7.4 Israel Ultrapure Water Market by End-use Industry
13.5.7.5 Israel Ultrapure Water Market by Application
13.5.8 UAE
13.5.8.1 UAE Ultrapure Water Market by Equipment and Services
13.5.8.2 UAE Ultrapure Water Market by Technology
13.5.8.3 UAE Ultrapure Water Market by Treatment Process
13.5.8.4 UAE Ultrapure Water Market by End-use Industry
13.5.8.5 UAE Ultrapure Water Market by Application
13.5.9South Africa
13.5.9.1 South Africa Ultrapure Water Market by Equipment and Services
13.5.9.2 South Africa Ultrapure Water Market by Technology
13.5.9.3 South Africa Ultrapure Water Market by Treatment Process
13.5.9.4 South Africa Ultrapure Water Market by End-use Industry
13.5.9.5 South Africa Ultrapure Water Market by Application
13.5.10 Rest of Middle East & Africa
13.5.10.1 Rest of Middle East & Asia Ultrapure Water Market by Equipment and Services
13.5.10.2 Rest of Middle East & Asia Ultrapure Water Market by Technology
13.5.10.3 Rest of Middle East & Asia Ultrapure Water Market Treatment Process
13.5.10.4 Rest of Middle East & Asia Ultrapure Water Market by End-use Industry
13.5.10.5 Rest of Middle East & Asia Ultrapure Water Market by Application
13.6 Latin America
13.6.1 Latin America Ultrapure Water Market by Country
13.6.2 Latin America Ultrapure Water Market by Equipment and Services
13.6.3 Latin America Ultrapure Water Market by Technology
13.6.4 Latin America Ultrapure Water Market by Treatment Process
13.6.5 Latin America Ultrapure Water Market by End-use Industry
13.6.6 Latin America Ultrapure Water Market by Application
13.6.7 Brazil
13.6.7.1 Brazil Ultrapure Water Market by Equipment and Services
13.6.7.2 Brazil Africa Ultrapure Water Market by Technology
13.6.7.3 Brazil Ultrapure Water Market by Treatment Process
13.6.7.4 Brazil Ultrapure Water Market by End-use Industry
13.6.7.5 Brazil Ultrapure Water Market by Application
13.6.8 Argentina
13.6.8.1 Argentina Ultrapure Water Market by Equipment and Services
13.6.8.2 Argentina Ultrapure Water Market by Technology
13.6.8.3 Argentina Ultrapure Water Market by Treatment Process
13.6.8.4 Argentina Ultrapure Water Market by End-use Industry
13.6.8.5 Argentina Ultrapure Water Market by Application
13.6.9 Rest of Latin America
13.6.9.1 Rest of Latin America Ultrapure Water Market by Equipment and Services
13.6.9.2 Rest of Latin America Ultrapure Water Market by Technology
13.6.9.3 Rest of Latin America Ultrapure Water Market by Treatment Process
13.6.9.4 Rest of Latin America Ultrapure Water Market by End-use Industry
13.6.9.5 Rest of Latin America Ultrapure Water Market by Application
14. Company Profile
14.1 Pall Corporation
14.1.1 Market Overview
14.1.2 Financials
14.1.3 Product/Services/Offerings
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Veolia
14.2.1 Market Overview
14.2.2 Financials
14.2.3 Product/Services/Offerings
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Evocus
14.3.1 Market Overview
14.3.2 Financials
14.3.3 Product/Services/Offerings
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Osmoflo
14.4.1 Market Overview
14.4.2 Financials
14.4.3 Product/Services/Offerings
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Ovivo
14.5.1 Market Overview
14.5.2 Financials
14.5.3 Product/Services/Offerings
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 MANN+HUMMEL Water & Fluid Solutions
14.6.1 Market Overview
14.6.2 Financials
14.6.3 Product/Services/Offerings
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Pentair
14.7.1 Market Overview
14.7.2 Financials
14.7.3 Product/Services/Offerings
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Memstar USA
14.8.1 Market Overview
14.8.2 Financials
14.8.3 Product/Services/Offerings
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Kurita Water Industries Ltd.
14.9.1 Market Overview
14.9.2 Financials
14.9.3 Product/Services/Offerings
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Synder Filtration, Inc.
14.10.1 Market Overview
14.10.2 Financials
14.10.3 Product/Services/Offerings
14.10.4 SWOT Analysis
14.10.5 The SNS View
14.11 DuPont
14.11.1 Market Overview
14.11.2 Financials
14.11.3 Product/Services/Offerings
14.11.4 SWOT Analysis
14.11.5 The SNS View
14.12 Koch Separation Solutions
14.12.1 Market Overview
14.12.2 Financials
14.12.3 Product/Services/Offerings
14.12.4 SWOT Analysis
14.12.5 The SNS View
14.13 NX Filtration BV
14.13.1 Market Overview
14.13.2 Financials
14.13.3 Product/Services/Offerings
14.13.4 SWOT Analysis
14.13.5 The SNS View
14.14 Evoqua Water Technologies LLC
14.14.1 Market Overview
14.14.2 Financials
14.14.3 Product/Services/Offerings
14.14.4 SWOT Analysis
14.14.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
16. USE Cases and Best Practices
17. Conclusion
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