Ultrapure Water Market Size 2022, Share, Growth, Industry Trends and Forecast Till 2027
IMARC Group has recently released a new research study “Ultrapure Water Market Report Covers : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
Global Ultrapure Water Market Overview (2022-2027)
• Historical Market Size (2021):US$ 7.55 Billion
• Forecast CAGR (2022-2027): 8.30%
• Forecast Market Size (2027):US$ 12.36 Billion
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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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.
Ultrapure Water Market Trends and Drivers:
The expanding semiconductor 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.
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Report Segmentation:
The report has been segmented the market into following 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
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.
List of Major Key Players:
The major players in the market are 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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