Ultrapure Water Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Ultra Pure Water in Semiconductor Industry is segmented by application (cleaning, etching, ingredients, and other applications), end-user industry (semiconductors, pharmaceuticals, power generation, and other end-user industries), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report offers market size and forecasts for all the above segments in terms of revenue (USD million).

Ultrapure Water Market Size

Ultra-pure Wate Market Summary
share button
Study Period 2018 - 2028
Base Year For Estimation 2022
CAGR > 9.00 %
Fastest Growing Market North America
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Ultra-pure Wate Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Ultrapure Water Market Analysis

During the time frame of the forecast, the ultra-pure water market is expected to register a CAGR of over 9%.

  • The demand for ultra-pure water decreased in a few industries due to COVID-19; however, the application of ultra-pure water increased in the pharmaceutical industry. Post-pandemic, the demand for ultra-pure water has been increasing significantly in various industries, including semiconductors, pharmaceuticals, and power generation.
  • In the short term, the semiconductor industry's growing need for ultra-pure water and the pharmaceutical industry's growing use of it are likely to drive market growth.
  • On the flip side, the high water consumption for purification is expected to hinder the market's growth.
  • The increasing efficiency of the purification process will offer new growth opportunities to the industry during the forecast period.
  • The Asia-Pacific region dominated the market across the world, with the highest consumption coming from countries such as India, China, and Japan.

Ultrapure Water Market Trends

This section covers the major market trends shaping the Ultra-pure Water Market according to our research experts:

Increasing Applications 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, and about two-thirds of the water must be ultra-pure water.
  • Semiconductor plants use ultra-pure water as a cleaning agent. The water mustn't 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.
  • The Semiconductor Industry Association says that the global semiconductor industry will make a total of USD 556 billion in sales in 2021. This will be the highest annual total ever and a 26.2% increase from the total of USD 440 billion in 2020.
  • Additionally, the global semiconductor industry continues to invest heavily in capital expenditure in 2022, spending over USD 166 billion to meet the long-term demand for chips. Besides this, the United States is also investing heavily in the semiconductor industry. For instance, the country invested USD 50.2 billion in the R&D of the semiconductor industry.
  • So, the studied market is likely to be driven by the above factors during the forecast period.
Ultra-pure Wate Market - Market Share (%), Global, 2021

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the ultra-pure water market during the forecast period. Due to the high demand from countries like China, India, and Japan, the market for ultra-pure water has been growing.
  • In China, semiconductor sales reached USD 14.47 billion in March 2021, registering an increase from March 2020, when sales in China reached USD 11.52 billion.
  • China is the second-largest market for pharmaceuticals globally. The pharmaceutical market is growing rapidly, owing to the growing middle class and aging society in the country, rising incomes, and increasing urbanization. China's pharmaceutical market has been constantly growing in recent years and is estimated to reach USD 161.8 billion by 2023, taking a 30 percent share of the global market.
  • Furthermore, the surging pharmaceutical industry in India is also likely to drive the regional demand for ultra-pure water. India's domestic pharmaceutical market stood at USD 42 billion in 2021 and is likely to reach USD 65 billion by 2024 and further expand to reach USD 120-130 billion by 2030. The FDI inflows in the Indian drugs and pharmaceuticals sector reached USD 19.90 billion between April 2000 and June 2022.
  • The Indian government's plan to promote semiconductor manufacturing may have a bright future. The government has been working on a scheme to boost the local manufacturing of semiconductors. Companies like Intel are expected to be among their top targets.
  • In the coming years, the market for ultra-pure water is likely to be driven by all of the above factors.
Ultra-pure Wate Market - Growth Rate by Region, 2023-2028

Ultrapure Water Industry Overview

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

Ultrapure Water Market Leaders

  1. Veolia

  2. Suez

  3. Evoqua

  4. 3M

  5. Kurita

*Disclaimer: Major Players sorted in no particular order

Ultra-pure Wate Market Concentration

Ultrapure Water Market News

  • June 2022: Evoqua Water Technologies announced that it was opening a new manufacturing facility in Singapore. This was done to increase the company's investment in Asia-Pacific (APAC), where the demand for innovative water treatment solutions is growing.
  • January 2022: SUEZ completed the acquisition of Sentinel Monitoring Systems, a real-time microbial monitoring company headquartered in Tucson, Arizona. Sentinel Monitoring Systems develops products that provide real-time and near-real-time solutions to monitor the effectiveness of microbial control within life sciences, ultrapure water, and manufacturing processes.

Ultrapure Water Market Report - 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 (Market Size in Value)

    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 and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and 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 Efficiency of the Purification Process

**Subject to Availability

Ultrapure Water Industry Segmentation

Ultra-pure water (UPW) is water that has been purified to high standards. The ultra-pure water market is segmented by application (cleaning, etching, ingredient, and other applications), end-user industry (semiconductors, pharmaceuticals, power generation, and other end-user industries), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report also covers the 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 and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

Report scope can be customized per your requirements. Click here.

You can also purchase parts of this report. Do you want to check out a section wise price list?

Ultrapure Water Market Research FAQs

The Ultra-pure Water Market is projected to register a CAGR of greater than 9% during the forecast period (2023-2028).

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

North America is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the Asia-Pacific accounts for the largest market share in the Ultra-pure Water Market.

Ultrapure Water Industry Report

Statistics for the 2023 Ultrapure Water market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ultrapure Water analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!