The latest research study “Ultrapure Water Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global Ultrapure Water Market size reached US$ 7.55 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 12.36 Billion by 2027 exhibiting a CAGR of 8.30% during 2022-2027.
What is a Ultrapure Water Market?
Ultrapure water represents water variants, which have been purified to extremely strict standards from inorganic and organic compounds, dissolved gases, and dissolved and particulate matter using filtration and consumables to make it contaminant-free. They contain only water and a balanced number of H+ and OH- ions, and zero detectable endotoxins.
Ultrapure water products act as essential and critical reagents utilized in many highly sensitive scientific applications. Their level of purification makes them a suitable solvent for formulating drugs and medical supplies.
Consequently, ultrapure water categories find extensive utilization across numerous sectors, including semiconductors, pharmaceuticals, power generation, etc.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Year considered to estimate the market size:
Base year of the analysis: 2021
Historical period: 2016-2021
Forecast period: 2022-2027
Ultrapure Water Market Trends and Drivers:
The expanding ultrapure water industry across the globe and the escalating product demand for washing, cleaning, and itching processes of multiple electronic equipment, such as semiconductors and wafers, are among the key factors driving the ultrapure water market.
In line with this, the increasing usage of the product as process feed in various end-use industries and the introduction of cleanroom practices in molecular science are acting as significant growth-inducing factors.
In addition to this, the rising installations of ultra-supercritical and supercritical coal power plants are also positively influencing the global market. Moreover, the growing adoption of the water variant in several applications of the nanoscience industry and as a raw material in drug synthesis and cleaning is further augmenting the market growth.
Apart from this, the inflating investments in research and development activities and the elevating technological advancements related to membrane distillation (MD) are expected to propel the ultrapure water market over the forecasted period.
Who are the leading players in the ultrapure water market?
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market
Applied Membranes Inc., Asahi Kasei Corporation, Dupont De Nemours Inc., Evoqua Water Technologies, Komal Water Industries, Kurita Water Industries Ltd., MANN+HUMMEL Water & Fluid Solutions GmbH, Organo Corporation, Pall Corporation (Danaher Corporation), Pentair plc and RODI Systems Corporation.
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The report has been segmented the market following into Materials, Application, End User categories:
Breakup by Materials and Services:
· Filtration
· Consumables/Aftermarket
· Others
Breakup by Application:
· Washing Fluid
· Process Feed
Breakup by End Use Industry:
· Semiconductor
· Pharmaceuticals
· Power Generation
· Others
Based on the end-use sector, the report finds that the Chemical sector dominates the market. There are many ongoing development projects undertaken by various nations, which require a continuous flow of electricity. Owing to this, there is a rising demand for power inverters in this sector.
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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