Abstract
Summary
The global ultrapure water market size is projected to reach USD 12.1 billion by 2027 from USD 8.0 billion in 2022, at a CAGR of 8.6% during the forecast period. Ultrapure water is used in a wide variety of applications, including semiconductor manufacturing, pharmaceutical production, and laboratory research. In order to avoid corrosion and other problems, ultrapure water is also used in power generation and other industrial processes. Ultrapure water is used in the semiconductor industry as a cleaning agent, in the power industry to make steam to drive steam turbines, and the pharmaceutical industry uses it as an ingredient in products as well as a cleaning agent. The growth of the semiconductor industry is expected to fuel the growth of the market for ultrapure water in the coming years.
Washing fluid segment is estimated to be the second-fastest growing in terms of value amongst other applications in the ultrapure water market, during the forecast period
Ultrapure water is used as a washing fluid in clean room practices to avoid contamination of products. Semiconductor wafer fabrication and flat screen display are the two end-use industries where ultrapure water is used as washing fluid. The pharmaceutical industry is another sector where ultrapure water is used as a washing fluid in sterile and non-sterile areas.
Pharmaceutical is projected to grow into the second-fastest growing end-use industry in the ultrapure water market, in terms of value.
In the pharmaceutical industry, ultrapure water is used for the preparation of drug formulations. This is because even small amounts of impurities in the water can potentially affect the safety and efficacy of drug formulations. Several processes in the manufacture of pharmaceutical also make use of ultrapure water, including the sterilization of items like injectable medications as well as the cleaning of surfaces and equipment to prevent contamination.
Middle East & Africa is projected to be the third-fastest in the ultrapure water market during the forecast period.
The Middle East & Africa is an emerging market for ultrapure water and is expected to witness good growth in the coming years. Rising investments by foreign companies, production activities undertaken in semiconductor and pharmaceutical industries, and rising living standard are driving the demand for ultrapure water in this region. Saudi Arabia is witnessing a rising demand for ultrapure Water due to the growth in the semiconductor and oil & gas industries in the country.
Extensive primary interviews were conducted in the process of determining and verifying the sizes of several segments and subsegments of the ultrapure water market gathered through secondary research.
The breakdown of primary interviews has been given below.
• By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
• By Designation: C Level Executives – 20%, Director Level – 10%, Others – 70%
• By Region: North America – 20%, Asia Pacific – 30%, Europe – 30%, Middle East & Africa – 10%, South America-10%.
The key players in the ultrapure water market are Veolia (France), Asahi Kasei (Japan), Ecolab (US), DuPont (US), Evoqua Water Technologies (France), Ovivo Inc. (Canada), Organo Corporation (Japan), Hydranautics (US), Danaher Corporation (US), MANN+HUMMEL (Germany), Pentair (US), and Kurita Water Industries (Japan), among others. The ultrapure water market report analyzes the key growth strategies, such as partnerships and acquisitions to strengthen their market positions.
Research Coverage
This report provides detailed segmentation of the ultrapure water market and forecasts its market size until 2027. The market has been segmented based on by equipment, material, and service (filtration, consumables/aftermarket, and others), by application (washing fluid, process feed), by end-use industry (semiconductor, power, pharmaceuticals, others) and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America). A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, partnerships, and acquisitions associated with the market for ultrapure water market.
Key benefits of buying this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the organic coagulant market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of key drivers (growing demand in electronics and semiconductor industries, increasing adoption of desalination technologies), restraints (limited availability of water resources), opportunities (increasing investment for wafer washing in emerging economies, increasing installation of supercritical and ultra-supercritical coal power plants), and challenges (meeting high-standard requirements for nanotechnology) influencing the growth of the ultrapure water market
• Market Penetration: Comprehensive information on ultrapure water offered by top players in the global ultrapure water market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and acquisitions in the ultrapure water market.
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for ultrapure water market across regions
• Market Diversification: Exhaustive information about partnerships, growing geographies, and recent developments in the ultrapure water market
• Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players
Table of Contents
1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.3 MARKET SCOPE 28
1.3.1 MARKETS COVERED 28
1.3.2 REGIONS COVERED 28
1.3.3 YEARS CONSIDERED 29
1.4 CURRENCY CONSIDERED 29
1.5 STAKEHOLDERS 29
1.6 INCLUSIONS & EXCLUSIONS 30
1.7 SUMMARY OF CHANGES 30
1.8 LIMITATIONS 30
2 RESEARCH METHODOLOGY 31
2.1 IMPACT OF SLOWDOWN/RECESSION 31
2.2 RESEARCH DATA 31
2.2.1 SECONDARY DATA 32
- 2.2.1.1 Key data from secondary sources 33
2.2.2 PRIMARY DATA 33
- 2.2.2.1 Key data from primary sources 34
- 2.2.2.2 Key industry insights 34
- 2.2.2.3 Breakdown of primary interviews 35
2.3 MARKET SIZE ESTIMATION 35
2.3.1 BOTTOM-UP APPROACH 36
2.3.2 TOP-DOWN APPROACH 36
2.4 DATA TRIANGULATION 37
2.5 ASSUMPTIONS 38
2.6 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 39
2.6.1 SUPPLY SIDE 39
2.6.2 DEMAND SIDE 39
2.7 RISK ASSESSMENT 39
3 EXECUTIVE SUMMARY 40
4 PREMIUM INSIGHTS 44
4.1 EMERGING ECONOMIES TO WITNESS HIGH GROWTH IN ULTRAPURE WATER MARKET 44
4.2 ULTRAPURE WATER MARKET, BY EQUIPMENT, MATERIAL, AND SERVICE 44
4.3 ULTRAPURE WATER MARKET, BY APPLICATION 45
4.4 ULTRAPURE WATER MARKET, BY END-USE INDUSTRY 45
4.5 ULTRAPURE WATER MARKET, BY COUNTRY 46
5 MARKET OVERVIEW 47
5.1 INTRODUCTION 47
5.2 RECESSION IMPACT 47
5.3 MARKET DYNAMICS 48
5.3.1 DRIVERS 48
- 5.3.1.1 Growing demand in electronics and semiconductor industries 48
- 5.3.1.2 Increasing adoption of desalination technologies 49
5.3.2 RESTRAINTS 49
- 5.3.2.1 Limited availability of water resources 49
5.3.3 OPPORTUNITIES 49
- 5.3.3.1 Increasing investment for wafer washing in emerging economies 49
- 5.3.3.2 Increasing installation of supercritical and ultra-supercritical coal power plants 50
5.3.4 CHALLENGES 50
- 5.3.4.1 Meeting high-standard requirements for nanotechnology 50
5.4 VALUE CHAIN ANALYSIS 50
5.4.1 PURIFICATION PROCESS 51
5.4.2 MANUFACTURERS 51
5.4.3 DISTRIBUTORS 51
5.4.4 END-USE INDUSTRIES 52
5.5 PURIFICATION PROCESS ANALYSIS 53
5.5.1 PRE-TREATMENT 53
5.5.2 PRIMARY STAGE 54
5.5.3 POLISHING STAGE 54
5.6 PORTER’S FIVE FORCE ANALYSIS 54
5.6.1 BARGAINING POWER OF SUPPLIERS 55
5.6.2 BARGAINING POWER OF BUYERS 55
5.6.3 THREAT OF NEW ENTRANTS 56
5.6.4 THREAT OF SUBSTITUTES 56
5.6.5 INTENSITY OF RIVALRY 56
5.7 MACROECONOMIC INDICATORS 57
5.7.1 GLOBAL GDP TRENDS 57
5.8 TARIFFS & REGULATIONS 59
5.8.1 REGULATIONS 59
- 5.8.1.1 ISO 14644-1:2015 Cleanroom Classification 60
- 5.8.1.2 ISO 3696:1987 60
- 5.8.1.3 ASTM D1193-06(2018) 60
- 5.8.1.4 United States Pharmacopeia (USP) 61
- 5.8.1.5 European Pharmacopoeia (EP) 61
5.9 PATENT ANALYSIS 61
5.9.1 INTRODUCTION 61
5.9.2 METHODOLOGY 62
5.9.3 DOCUMENT TYPE 62
5.9.4 PUBLICATION TRENDS (2012-2022) 62
5.9.5 INSIGHTS 63
5.9.6 JURISDICTION ANALYSIS 63
5.9.7 TOP COMPANIES/APPLICANTS 63
5.10 TRADE ANALYSIS 65
5.10.1 IMPORT TRADE ANALYSIS 65
5.10.2 EXPORT TRADE ANALYSIS 66
5.11 ECOSYSTEM MAPPING 67
5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES 68
5.13 KEY CONFERENCES & EVENTS (2023-2024) 68
5.14 KEY FACTORS AFFECTING BUYING DECISION 69
5.14.1 QUALITY 69
5.14.2 SERVICE 69
5.15 CASE STUDY 70
5.15.1 PRODUCTION OF ULTRAPURE WATER USING ELECTRODEIONIZATION (EDI) TECHNOLOGY BY GE WATER & PROCESS TECHNOLOGIES 70
5.15.2 PRODUCTION OF ULTRAPURE WATER BY SUEZ WATER TECHNOLOGIES & SOLUTIONS 70
6 ULTRAPURE WATER MARKET, BY EQUIPMENT, MATERIALS, AND SERVICES 71
6.1 INTRODUCTION 72
6.2 FILTRATION 73
6.3 CONSUMABLES/AFTERMARKET 73
6.4 OTHERS 74
7 ULTRAPURE WATER MARKET, BY APPLICATION 75
7.1 INTRODUCTION 76
7.2 WASHING FLUID 77
7.2.1 SEMICONDUCTOR 77
7.2.2 PHARMACEUTICAL 77
7.3 PROCESS FEED 78
7.3.1 SEMICONDUCTOR WAFER FABRICATION 78
7.3.2 FLAT SCREEN DISPLAY 78
8 ULTRAPURE WATER MARKET, BY TECHNOLOGY 79
8.1 INTRODUCTION 79
8.2 REVERSE OSMOSIS (RO) 79
8.3 ULTRAFILTRATION (UF) 79
8.4 NANOFILTRATION 79
8.5 ION EXCHANGE RESIN 79
8.6 TANK VENT FILTRATION 80
8.7 RESIN TRAP FILTRATION 80
8.8 DEGASIFICATION 80
8.9 ELECTRODEIONIZATION (EDI) 80
8.10 OTHERS 81
9 ULTRAPURE WATER MARKET, BY END-USE INDUSTRY 82
9.1 INTRODUCTION 83
9.2 SEMICONDUCTOR 84
9.2.1 WAFERS 84
9.2.2 FLAT PANEL DISPLAYS 85
9.2.3 ELECTRONIC COMPONENTS 85
9.3 POWER 85
9.3.1 GAS TURBINE POWER 85
9.3.2 COAL-FIRED POWER 86
9.4 PHARMACEUTICAL 86
9.4.1 REAGENTS 86
9.4.2 CELL CULTURE 86
9.4.3 CLINICAL ANALYZERS 87
9.5 OTHERS 87
10 ULTRAPURE WATER MARKET, BY REGION 88
10.1 INTRODUCTION 89
10.2 ASIA PACIFIC 90
10.2.1 CHINA 94
- 10.2.1.1 Growing industrial activities fueling demand for ultrapure water 94
10.2.2 JAPAN 95
- 10.2.2.1 Presence of major electronics companies and investments in semiconductor technologies to drive market 95
10.2.3 INDIA 96
- 10.2.3.1 Government initiatives to boost local manufacturing of semiconductor to drive demand for ultrapure water 96
10.2.4 SOUTH KOREA 97
- 10.2.4.1 Leads semiconductor production in Asia Pacific 97
10.2.5 REST OF ASIA PACIFIC 98
10.3 NORTH AMERICA 99
10.3.1 US 102
- 10.3.1.1 US to be dominant manufacturer and consumer of ultrapure water 102
10.3.2 CANADA 103
- 10.3.2.1 Rapidly growing semiconductor and pharmaceutical industries to drive demand 103
10.3.3 MEXICO 104
- 10.3.3.1 Significant growth opportunities for market players in Mexico 104
10.4 EUROPE 105
10.4.1 GERMANY 108
- 10.4.1.1 Semiconductor industry to be major consumer of ultrapure water 108
10.4.2 UK 109
- 10.4.2.1 Strong electronics industry to fuel demand for ultrapure water 109
10.4.3 FRANCE 110
- 10.4.3.1 High potential for ultrapure water market growth in electronics sector 110
10.4.4 ITALY 111
- 10.4.4.1 Semiconductor segment to be dominant end user of ultrapure water 111
10.4.5 SPAIN 112
- 10.4.5.1 Growth of semiconductor industry to boost ultrapure water market 112
10.4.6 REST OF EUROPE 113
10.5 SOUTH AMERICA 114
10.5.1 BRAZIL 116
- 10.5.1.1 Expanding economy stimulated by increasing investments and improved government policies to drive demand 116
10.5.2 ARGENTINA 117
- 10.5.2.1 Lucrative consumer electronics market to drive demand for ultrapure water 117
10.5.3 REST OF SOUTH AMERICA 118
10.6 MIDDLE EAST & AFRICA 119
10.6.1 SAUDI ARABIA 121
- 10.6.1.1 Power generation sector to support market growth 121
10.6.2 SOUTH AFRICA 122
- 10.6.2.1 Growing disposable income and consumer awareness driving demand for ultrapure water 122
10.6.3 REST OF MIDDLE EAST & AFRICA 123
11 COMPETITIVE LANDSCAPE 124
11.1 OVERVIEW 124
11.2 STRATEGIES ADOPTED BY KEY PLAYERS 125
11.3 MARKET EVALUATION FRAMEWORK 125
11.4 REVENUE ANALYSIS 126
11.5 RANKING OF KEY PLAYERS 127
11.6 MARKET SHARE ANALYSIS 128
11.7 COMPANY EVALUATION MATRIX (TIER 1) 129
11.7.1 STARS 129
11.7.2 PERVASIVE PLAYERS 129
11.7.3 EMERGING LEADERS 129
11.7.4 PARTICIPANTS 129
11.8 STRENGTH OF PRODUCT PORTFOLIO FOR TIER 1 COMPANIES, 2022 131
11.9 BUSINESS STRATEGY EXCELLENCE FOR TIER 1 COMPANIES, 2022 131
11.10 COMPANY EVALUATION MATRIX (START-UPS AND SMES) 132
11.10.1 PROGRESSIVE COMPANIES 132
11.10.2 RESPONSIVE COMPANIES 132
11.10.3 STARTING BLOCKS 132
11.10.4 DYNAMIC COMPANIES 132
11.11 STRENGTH OF PRODUCT PORTFOLIO (START-UPS AND SMES) 134
11.12 BUSINESS STRATEGY EXCELLENCE (START-UPS AND SMES) 134
11.13 COMPETITIVE BENCHMARKING 135
11.13.1 COMPANY TECHNOLOGY FOOTPRINT 136
11.13.2 COMPANY EQUIPMENT, MATERIAL, AND SERVICE FOOTPRINT 137
11.13.3 COMPANY END-USE INDUSTRY FOOTPRINT 138
11.13.4 COMPANY REGION FOOTPRINT 139
11.13.5 COMPANY FOOTPRINT 140
11.14 COMPETITIVE SITUATION AND TRENDS 141
11.14.1 DEALS 141
11.14.2 OTHERS 143
12 COMPANY PROFILES 144
12.1 KEY PLAYERS 144
12.1.1 VEOLIA 144
12.1.2 ASAHI KASEI 147
12.1.3 ECOLAB 150
12.1.4 DUPONT 153
12.1.5 EVOQUA WATER TECHNOLOGIES 156
12.1.6 OVIVO 159
12.1.7 ORGANO CORPORATION 161
12.1.8 HYDRANAUTICS 163
12.1.9 DANAHER CORPORATION 165
12.1.10 MANN+HUMMEL 168
12.1.11 PENTAIR 171
12.1.12 KURITA WATER INDUSTRIES 174
12.2 OTHER PLAYERS 177
12.2.1 NGK INSULATORS 177
12.2.2 AQUA-CHEM, INC 178
12.2.3 CULLIGAN 179
12.2.4 MEMSTAR USA 179
12.2.5 OSMOFLO 180
12.2.6 SYNDER FILTRATION INC 181
12.2.7 NX FILTRATION BV 182
12.2.8 ARIES CHEMICAL, INC 183
12.2.9 AQUATECH INTERNATIONAL LLC 184
12.2.10 ION EXCHANGE INDIA LTD 184
12.2.11 MEMBRANE GROUP 185
12.2.12 WIGEN WATER TECHNOLOGIES 186
12.2.13 WATERPROFESSIONALS 187
13 APPENDIX 188
13.1 DISCUSSION GUIDE 188
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 191
13.3 CUSTOMIZATION OPTIONS 193
13.4 RELATED REPORTS 193
13.5 AUTHOR DETAILS 194