In terms of revenue, the global ultrapure water market generated $7681.76 million in 2021, and is expected to reach $14603.66 million by 2030, growing at a 7.77% CAGR during the forecast period, 2022-2030. The market study has also analyzed the impact of COVID-19 on the global ultrapure water market qualitatively and quantitatively.

Ultrapure water is high-purity water with a total organic carbon (TOC) limit of 0.05 mg/l and a resistivity of 18-megohm-cm. Ultrapure water is extensively used globally in manufacturing and syntheses across sectors like pharmaceuticals, research labs, semiconductors, and power generation. The process is known as electro-deionization, similar to electro-dialysis but includes ion exchange resins, and is used to create ultrapure water. Electrodes are used to apply the electric field.

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Key growth enablers of the global ultrapure water market are:

• Applications and demand from the semiconductor sector
  • Large amounts of water are used in producing semiconductor devices for various tasks, such as wafer surface cleaning and equipment cooling.
  • The International Technology Roadmap for Semiconductors (ITRS) estimates that device fabrication uses 7 liters/cm² per wafer. This means that a typical 200 mm wafer fabrication can use up to 3,000 m³ of ultrapure water daily while processing 20,000 wafers per month.
  • Over the past few years, the semiconductor market has shown steady growth. The key factor responsible for the growth is the advancement of technology.
• Accelerating pharmaceutical industry demands

Key growth restraining factors are:

• Limited natural water supply for manufacturing units
• Stringent regulations
  • Many organizations, including AAMI, ANSI, NCCLS, CAP, ASTM, and USP, have strict standards for ultrapure water. Additionally, depending on the purity level, ISO 3696, NCCLS, and ASTM categorize ultrapure water into 3 different types.
  • The parameters for each organization are comparable (but not identical). Therefore, during the forecast period, the growth of the global ultrapure water market is anticipated to be constrained by such strict regulations.

Global Ultrapure Water Market | Top Trends

• High adoption in the power generation industry
  • Ultrapure water is used in the power generation sector to create steam that powers turbines and serves other purposes. Turbine blades, stainless steel lines, steam circuits, and cooling systems are just a few examples of equipment that are resistant to corrosion and stress cracking when exposed to ultrapure water
• Accelerating demand for cleanroom practices
  • Industries such as semiconductors, pharmaceuticals and power generation are some of the biggest end-users of ultrapure water. Many modern products manufactured and used in these industries are very sensitive to dust, vapors, and other airborne contaminants. This increases the applicability of ultrapure water in different industries to carry out cleanroom manufacturing.
• Ultrapure water in the food & beverage industry
  • The hygiene standards for the food and beverage industry are always rising, especially regarding water quality. Brewers do this by distilling or deionizing their water to remove all compounds, then adding the desired minerals in the appropriate amounts.
• Promising acquisitions in the global ultrapure water market
  • Companies are now expanding their operations in other regions by acquiring or merging smaller companies to gain their customer base, which benefits the key players acquiring the smaller companies.

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Market Segmentation – Application and End-User –

Market by Application:

• Cleaning
• Etching
• Ingredient
  • The ingredient is expected to be the fastest-growing segment in ultrapure water applications. Ultrapure water is used as an ingredient in various industries, including food and beverages and cosmetics. Water is an important and, in some cases, the primary component in many foods and beverage products. High-purity water is essential for products’ consistent flavor, smell, and texture. Similarly, ultrapure water is also utilized as an ideal active agent carrier and activator in the cosmetics industry.
• Other Applications

Market by End-User:

• Semiconductors
• Pharmaceuticals
  • Pharmaceuticals are anticipated to be the fastest-growing end-user in the market. Ultrapure water is a widely used substance in the pharmaceutical industry and other manufacturers of pharmaceutical products. The product is widely used as a starting or raw material in the formulation, production, and processing of active pharmaceutical ingredients, intermediates and finished pharmaceutical products, in the preparation of solvents and reagents, and for washing and rinsing.
• Power Generation
• Other End-Users

Geographical Study based on Four Major Regions:

• North America: The United States and Canada
• Europe: The United Kingdom, Germany, France, Italy, Spain, Netherlands, Norway, and Rest of Europe
• Asia-Pacific: China, Japan, India, South Korea, Taiwan, and Rest of Asia-Pacific
  • Asia-Pacific is anticipated to be the most dynamic regional market, with a share of 59.69% in 2021. It is the dominating region for major end users in the market.
  • Increasing investments to grow the production of semiconductor chips is anticipated to be a growth-driving factor for the market.
  • Also, as the demand for electricity rises, the power sector will expand, increasing the demand for ultrapure water.
• Rest of World: Latin America, the Middle East & Africa

The major players in the global ultrapure water market are:

• Asahi Kasei Corporation
• DuPont Water Solutions
• Evoqua Water Technologies
• Koch Separation Solutions
• Kurita Water Industries Ltd

Key strategies adopted by some of these companies:

• In 2022, EPICOR Inc, a top producer of premium powdered ion exchange resins and resin/fiber blends for the power industry, was acquired by Evoqua Water Technologies. The acquisition will increase Evoqua’s segment of integrated solutions and services’ capacity to better support and cater to customers’ needs in the power market.
• In 2021, DuPont launched a novel pretreatment technology, which eliminates biofouling effects in Reverse Osmosis systems to reduce operational costs and boost plant uptime and reliability.

Report Synopsis: