Ultra-Pure Water Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Ultra-pure Water Market is segmented by Application (Cleaning, Etching, Ingredient, and Other Applications), End-user Industry (Semiconductor, Pharmaceuticals, Power Generation, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report offers market size and forecasts for Ultra-Pure Water Market in Revenue (USD Million) for all the above segments.

Ultra-Pure Water Market Snapshot

Ultra-Pure Water Market - Market Summary
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: North America
Largest Market: Asia Pacific
CAGR: >9 %

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Market Overview

The global ultra-pure water market was estimated to be around USD 1,735 million in 2021. The market is estimated to a growth of CAGR greater than 9% during the frecast period.

Major factors driving the market studied are the growing demand from the semiconductor industry and increasing application in the pharmaceutical industry. On the flip side, the high consumption of water for purification is expected to hinder the growth of the market.

  • The ultra-pure water market is expected to grow during the forecast period, owing to increasing application in the semiconductor industry across the world.
  • The Asia-Pacific region dominated the market across the world, with the largest consumption from countries, such as India, China, and Japan.

Scope of the Report

Ultrapure water (UPW) is water that has been purified to high levels of specification. The Ultra-pure Water Market is segmented by Application (Cleaning, Etching, Ingredient, and Other Applications), End-user Industry (Semiconductor, Pharmaceuticals, Power Generation, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report also covers the market size and forecasts for the Ultra Pure Water market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD Million). 

Application
Cleaning
Etching
Ingredient
Other Applications
End-user Industry
Semiconductor
Pharmaceuticals
Power Generation
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Application in the Semiconductor Industry

  • Ultra-pure water can be regarded as an industrial solvent. It is purified to the most stringent standards for all contaminant types, including organic and inorganic compounds, dissolved and particulate matter, and dissolved gases. 
  • The semiconductor industry, one of the world’s largest in terms of added value, is a business that demands the utmost purity of water. A single 8-inch silicon wafer, the basis for about 100 chips, can require up to 7,500 liters of water to produce, in which about two-thirds of the water must be ultra-pure water.
  • Semiconductor plants use ultra-pure water as a cleaning agent. Thus, it is important that the water should not contain dissolved contaminants that can precipitate or particles that may lodge on circuits and cause microchip failures. The rapidly growing semiconductor industry is, in turn, driving the market demand for ultra-pure water.
  • According to Semiconductor Industry Association, the global semiconductor industry sales totaled USD555.9 billion in 2021, the highest-ever annual total and an increase of 26.2% compared to the 2020 total of USD440.4 billion.
  • Thus, the above factors are expected to drive the market studied during the forecast period.
Ultra-Pure Water Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market for ultra-pure water during the forecast period. Due to the high demand application from countries, like China, India, and Japan, the market for ultra-pure water has been increasing.
  • In China the semiconductor sales reached USD 14.47 billion in March 2021. The March 2021 figure is an increase from the month of March in 2020 where sales in China reached USD 11.52 billion.
  • China is the second-largest market for pharmaceuticals globally. The market for pharmaceuticals is emerging rapidly, owing to the growing middle-class and aging society present in the country, rising incomes, and increasing urbanization.
  • The pharmaceutical sales of the country are expected to reach up to USD 175 billion by 2022. This is expected to boost the growth of ultra-pure water used in pharmaceutical applications.
  • The Indian government’s plan to promote semiconductor manufacturing may have a bright future. The government has been working on a scheme to boost local manufacturing of semiconductors. Companies, such as Intel, are expected to be among its top targets. 
  • All the above mentioned factors are expected to drive the demand for Ultra pure water market in the upcoming years. 
Ultra-Pure Water Market Regional Trends

Competitive Landscape

The ultra-pure water market is partially fragmented with players accounting for a marginal share of the market. Few companies (Not in any particular order) include Veolia, Suez, Evoque, 3M and Kurita among others.

Recent Development

The recent developments pertaining to the major players in the market are being covered in the complete study

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Semiconductor Industry

      2. 4.1.2 Growing Pharmaceutical Industry

    2. 4.2 Restraints

      1. 4.2.1 High Consumption of Water for Purification

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Cleaning

      2. 5.1.2 Etching

      3. 5.1.3 Ingredient

      4. 5.1.4 Other Applications

    2. 5.2 End-user Industry

      1. 5.2.1 Semiconductor

      2. 5.2.2 Pharmaceuticals

      3. 5.2.3 Power Generation

      4. 5.2.4 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Applied Membranes Inc.

      3. 6.4.3 DuPont

      4. 6.4.4 Evoqua

      5. 6.4.5 Komal Water Industries

      6. 6.4.6 Kurita Water Industries Ltd

      7. 6.4.7 Nalco

      8. 6.4.8 Organo Corporation

      9. 6.4.9 Ovivo

      10. 6.4.10 Pentair PLC

      11. 6.4.11 RODI Systems Corporation

      12. 6.4.12 SUEZ

      13. 6.4.13 Veolia

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing the Purification Process Efficiency

**Subject to Availability

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Frequently Asked Questions

The Ultra-Pure Water Market market is studied from 2017 - 2027.

The Ultra-Pure Water Market is growing at a CAGR of >9% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

Veolia, Suez , Evoqua, 3M, Kurita are the major companies operating in Ultra-Pure Water Market.

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