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Ultrapure Water Market

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  • 128 Pages
  • March 2021
  • Region: Global
  • IndustryARC
  • ID: 3786689

Ultrapure Water Market Overview

Ultrapure Water Market size is forecast to reach US$6.1 billion by 2027, after growing at a CAGR of 7.6% during 2022-2027. Globally, the increasing usage of ultrapure water for total organic carbon analysis and in ion chromatography (IC) is estimated to drive the market growth. Ultrapure water is increasingly being utilized in the semiconductor and pharmaceutical industries for the production phase of wafers and clean room practices. It is also used for the production of other electronics such as crystalline silicon photovoltaics. Furthermore, the rapidly rising plans for the set-up of new power plants in various regions by the government and organizations have driven the demand for ultrapure water. With such driving factors the ultrapure water industry is anticipated to rise over the forecast period.

Impact of Covid-19

The Covid-19 pandemic situation widely affected the growth of the ultrapure water market in the year 2020. With the nationwide lockdown and shutdown of several factories the demand for ultrapure water decreased. Also, globally with the slowdown of semiconductor and pharmaceutical manufacturing activities the usage of ultrapure water declined. Thus, which overall affected the growth of the ultrapure water market in 2020.

Report Coverage

The report “Ultrapure Water Market- Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the ultrapure water market.

By Technology: Aeration, Nanofiltration, Microfiltration, Ultrafiltration, Ion Exchange, Reverse Osmosis, Dechlorination, Decarbonation, Deionization, Distillation, and Others

By Application: Washing Fluid, Process Fluid, and Others

By End-Use Industry: Semiconductor (Central Loop Filters, Cooling Water Filters, and Others), Pharmaceutical (Injection, Inhalation, Irrigation, and Others), Power Plants (Gas Turbine Power, Coal Fired Power, and Others), and Others

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and New Zealand, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific),South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)

Key Takeaways

  • APAC region dominated the ultrapure water market owing to the rising growth of the semiconductor, pharmaceutical, and power plant industries in emerging economies such as India, Japan, China, South Korea, and Others.
  • Increasing demand for ultrapure water in the production of different types of electronics of the same manner as semiconductors such as flat panel displays, discrete components (such as LEDs), hard disk drive platters (HDD), crystalline silicon photovoltaics is expected to boost the growth of the ultrapure water market over the forecast period.
  • Rising demand for ultra-pure wafer washing water, together with an increase in the usage of cleanroom methods to decrease contamination is likely to drive the market growth in the coming years.

Reverse osmosis (RO) held the largest share in the ultrapure water market in 2020. Reverse osmosis technology is generally used for the production of ultrapure water in various industries. RO is a powerful water purification technology that can remove up to 99 percent of dissolved particles from a feedwater source. Larger systems that require high resistivity water are frequently configured with RO before deionization (DI) to extend the life of the DI resin. RO is one of the most common technologies used in well-designed high purity (ultrapure) water systems because of its effectiveness. Thus, the rising usage of Reverse osmosis (RO) for ultrapure water production would further drive the growth of the industry over the forecast period.

Washing fluid held the largest share in the ultrapure water market in 2020 and is anticipated to grow at a CAGR of 7.1% during the forecast period 2022-2027. Ultrapure water is used as a washing fluid in several end-use sectors, including semiconductors, power plants, and pharmaceuticals. Various operations in these industries necessitate washing and cleaning to eliminate pollutants and particles from small parts, which is accomplished by using ultrapure water that has been extensively purified. Ultrapure water is frequently employed in cleaning applications (as required) as a key utility. It can also be used to generate sterilizing steam. Thus, the rapidly rising demand for washing fluid in end-use industries is estimated to drive the growth of the ultrapure water market.

Semiconductor industry held the largest share in the ultrapure water market in 2020. The semiconductor sector is the primary user of ultrapure water. It's utilized in clean rooms, wafer production, and a variety of other applications. The need for the highest grade of ultra-pure water has increased the industry's unit prices as the demand for semiconductors has expanded technologically. Semiconductor wafer manufacturers are hence the primary users of ultrapure water. Furthermore, increasing demand and production for semiconductors is also anticipated to drive the ultrapure water market growth. For instance, according to the Semiconductor Industry Association (SIA) the global semiconductor sales in October 2019 totaled US$ 36.6 billion, up by 2.9% from September 2019. As a result, the demand for ultra-pure water is predicted to rise over the forecast period, owing to the expanding applications of ultrapure water in the semiconductor industry.

Asia Pacific region dominated the ultrapure water market with a share of 37.6% in 2020 and is projected to dominate the market during the forecast period (2022-2027). The ultrapure water market has benefited significantly from the growth of the electronics and semiconductor, pharmaceutical, and power plant sectors in the Asia-pacific region. For instance, according to the Electronic Industries Association of India (ELCINA), India's total electronics manufacturing in 2017-18 was Rs.3,87,525 crore, up from Rs.3,17,331 crore in 2016-17, a 22% increase. Also, the pharmaceutical industry in India is anticipated to reach US$65 billion by 2024 and US$120 Billion by 2030. On the other hand, other countries in this region such as Japan, South Korea, and others are also anticipated to raise the demand for ultrapure water with the rising growth of the end-use industries. For instance, Japan is the world's third largest electronics manufacturing industry, and the United States' fourth largest export market for semiconductor manufacturing equipment according to the International Trade Administration (ITA). Thus, with the inclining growth of end use industries in several countries of the Asia-pacific region the market for ultrapure water is also estimated to rise over the forecast period.

Ultrapure Water Market Drivers

Rising Installation of New Power Plants would Drive the Market Growth.

Thermoelectric generating facilities (coal, natural gas, and nuclear) use water to generate electricity by converting it to high-pressure steam that drives turbines. With the use of ion chromatography anions at trace levels in power plant water samples were determined. Increasing usage of ultrapure water in coal power plants for processing and cleaning applications is driving the demand of the market. In recent years, the installation of new coal power plants has also raised the demand for ultrapure water. For instance, Shandong Shenglu Coal-Fired Power Project in China can produce 4000 megawatts (MW) of energy. Its first phase was planned to be completed in 2019. Currently, the second phase of the power plant project is under construction. Similarly, in September 2020, Hin Kong Power Company inked a turnkey deal with Mitsubishi Power to build a 1.4GW natural gas-fired combined cycle turbine project. The power plant, which is roughly 100 kilometres west of Bangkok, will be run by a Thailand-based independent power producer. Thus, the rising installation of new power plants will raise the usage of ultrapure water and further drive the growth of the industry over the forecast period.

Increasing Demand for Ultrapure Water in Pharmaceutical Industry

Water used in the pharmaceutical sector, both for drug manufacturing and cleaning, as well as water for injection, must meet stringent quality standards set by GMP standards in Europe, FDA in the USA, and many others. For the pharmaceutical industry, water treatment systems and processing equipment must be steam sanitizable, which necessitates the use of materials that can endure high temperatures. Because the pharmaceutical industry deals with medicinal goods, high level of water purification is essential for product integrity. Water used in pharmaceutical procedures must have dissolved solids levels at least 10,000 times lower than regular potable water. Thus, ultra-water utilized in this industry must be devoid of any organic compounds and germs. Rapidly increasing demand for ultrapure water in the pharmaceutical industry is further estimated to drive market growth.

Ultrapure Water Market Challenges

Advances in Nanotechnology have set High Standards Affecting the Growth of the Market.

Nanotechnology is now widely acknowledged to offer potential solutions for ensuring future progress in semiconductor technologies. Ultrapure water on the other hand can cause a slew of issues in these modern semiconductor manufacturing industries. As the system geometry is shrinking and becoming more complex subsequent drying and traditional aqueous cleaning tends to collapse high aspect ratio nanostructures due to high water surface tension. Furthermore, high water resistance throughout wafer rinsing can cause flow electrification, and high water responsiveness with oxygen and silicon can cause watermarks on silicon surfaces. As a result, the high standards requirements set by advancing nanotechnology may stymie the growth of the global ultrapure water market.

Ultrapure Water Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the ultrapure water market. Major players in the ultrapure water market include:

GE Water and Process Technologies Inc.

Veolia Environment S.A.

Ovivo Inc.

Pall Corporation

Dow Water & Process Solutions

Evoqua Water Technologies

Koch Membrane Systems

Hydranautics among others.

Acquisition/Product Launches

  • In December 2020, Evoqua Water Technologies acquired the industrial water business of Driessen Water, Inc.'s subsidiary, Ultrapure & Industrial Services, LLC. With this acquisition, the company aims to increase Evoqua's service capabilities in the Houston and Dallas markets, as well as in the nearby regions.

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Table of Contents

1. Ultrapure Water Market - Market Overview
1.1 Definitions and Scope
2. Ultrapure Water Market - Executive Summary
2.1 Key Trends by Technology
2.2 Key Trends by Application
2.3 Key Trends by End-Use Industry
2.4 Key Trends by Geography
3. Ultrapure Water Market - Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Ultrapure Water Market - Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Porters five force model
4.3.1 Bargaining power of suppliers
4.3.2 Bargaining powers of customers
4.3.3 Threat of new entrants
4.3.4 Competitive Rivalry
4.3.5 Threat of substitutes
5. Ultrapure Water Market -Strategic analysis
5.1 Value chain analysis
5.2 Opportunities analysis
5.3 Product/Market life cycle
5.4Distributors Analysis - Major Companies
6. Ultrapure Water Market - By Technology (Market Size -$Million)
6.1 Aeration
6.2 Nanofiltration
6.3 Microfiltration
6.4 Ultrafiltration
6.5 Ion Exchange
6.6 Reverse Osmosis
6.7 Dechlorination
6.8 Decarbonation
6.9 Deionization
6.10 Distillation
7. Ultrapure Water Market - By Application (Market Size -$Million)
7.1 Washing Fluid
7.2 Process Fluid
7.3 Others
8. Ultrapure Water Market - By End-Use Industry (Market Size -$Million)
8.1.1 Central Loop Filters
8.1.2 Cooling Water Filters
8.1.3 Others
8.2 Pharmaceuticals
8.2.1 Injection
8.2.2 Inhalation
8.2.3 Irrigation
8.2.4 Others
8.3 Power Plants
8.3.1 Gas Turbine Power
8.3.2 Coal Fired Power
8.3.3 Others
8.4 Others
9. Ultrapure Water Market - By Geography (Market Size -$Million)
9.1 North America
9.1.1 USA
9.1.2 Canada
9.1.3 Mexico
9.2 Europe
9.2.1 UK
9.2.2 Germany
9.2.3 France
9.2.4 Italy
9.2.5 Netherlands
9.2.6 Spain
9.2.7 Russia
9.2.8 Belgium
9.2.9 Rest of Europe
9.3 Asia Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 South Korea
9.3.5 Australia and New Zealand
9.3.6 Indonesia
9.3.7 Taiwan
9.3.8 Malaysia
9.3.9 Rest of Asia Pacific
9.4 South America
9.4.1 Brazil
9.4.2 Argentina
9.4.3 Colombia
9.4.4 Chile
9.4.5 Rest of South America
9.5 ROW
9.5.1 Middle East Saudi Arabia UAE Israel Rest of Middle East
9.5.2 Africa South Africa Nigeria Rest of South Africa
10. Ultrapure Water Market - Entropy
10.1 New Product Launches
10.2 M&A’s, Collaborations, JVs and Partnerships
11. Ultrapure Water Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
11.1 Company 1
11.2 Company 2
11.3 Company 3
11.4 Company 4
11.5 Company 5
11.6 Company 6
11.7 Company 7
11.8 Company 8
11.9 Company 9
11.10 Company 10 and more
*Financials would be provided on a best efforts basis for private companies