Ultrapure Water Market was valued at USD 8,217.3 million in 2022 and is poised to grow at a CAGR of 8.3% over 2023-2029. Ultapure water refers to high-purity water that has been combined water purification component technologies to get river water or water for industrial usage as close to pure H2O as feasible. In addition to solids and salts, the water is further processed to an extremely high level of purity by eliminating any dissolved gases. The increasing adoption of sustainable practices to reduce their environmental impact by various companies drives the ultrapure water market. Ultrapure water systems can contribute to water conservation and water waste reduction, making them a desirable alternative for companies looking for environmentally responsible solutions. The expansion of new sectors like nanotechnology, 3D printing, and advanced materials, has led to increased demand for ultrapure water for delicate and precise procedures that provide opportunities for the development of ultrapure water market. Furthermore, Point-of-use ultrapure water systems in the home and small-scale businesses are popular in the market. However, the limited access to water resources along with water scarcity in many countries hinders the growth of the market. However, the increasingly using ultrapure water for high-precision manufacturing processes, research & and development, quality control, and increased investments by key players is anticipated to fuel the market during forecasted years.
Fastest Growing Market
The market is expected to rise as the application in semiconductors has increased tremendously. Ultra-pure water is used to clean semiconductor manufacturing facilities. The water must be free of any dissolved impurities that might precipitate or particles that might clog circuits and lead to microchip malfunctions. The global need for ultra-pure water is being driven by the quickly expanding semiconductor sector. The semiconductor sector, which is among the largest in the world in terms of added value, requires the purest water possible. Moreover, up to 7,500 liters of water may be needed to generate one 8-inch silicon wafer, which serves as the foundation for around 100 chips, and about two-thirds of that water must be ultra-pure water. According to the Semiconductor Industry Association, the worldwide semiconductor market generated revenues of USD 556 billion in 2021.
The ultrapure water market valued at USD 8,217.3 million in 2022 and is expected to grow at 8.3% CAGR over the forecast period 2023 – 2029.
The increasing adoption of sustainable practices to reduce their environmental impact by various companies drives the ultrapure water market.
Point-of-use ultrapure water systems in the home and small-scale businesses are popular in the market is a major trend in the ultrapure water market.
Asahi Kasei, Dow, General Electric, Pall Corporation, Veolia, Ovivo, Evocus, MANN+HUMMEL Water & Fluid Solutions., Pentair, Kurita Water Industries Ltd., Memstar USA, Synder Filtration, Inc., Koch Separation Solutions, NX Filtration BV, Osmoflo, Evoqua Water Technologies LLC are a few companies operating in ultrapure water market.