Global Ultrapure Water Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Ultrapure Water Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global ultrapure water market report has been segmented on the basis of application, end-user industry, and region.
Global Ultrapure Water Market: Overview
Ultrapure water also known by its acronym UPW, contains only H20, OH- and H+ ions in equilibrium with stringent specifications. It has a resistivity of 18,2 MOhm and conductivity at 25 degrees Celsius around about 0,055 uS/cm. Iron exchange or membrane filtration process is used for the production of ultrapure water. It is mainly used in pharmaceuticals and semiconductor industry.
Global Ultrapure Water Market: Dynamics
Increasing demand for ultrapure water in the semiconductor industry is a key factor driving growth of the global ultrapure water market. In addition, ultrapure water is also used in pharmaceuticals, semiconductors, supercritical boilers and subcritical boilers in energy generation industry, and research laboratories is another factor supporting growth of the global market. Moreover, increasing use of cleanroom practices to reduce contamination is a factor expected to fuel growth of the target market in the near future.
However, high standards requirements, set by advancing nanotechnology is a factor that may hamper growth of the global ultrapure water market. Nevertheless, growing demand for ultrapure water for wafer washing, coupled with growing production of wafers in emerging economies can create high revenue opportunities for players in the global market.
Global Ultrapure Water Market: Segment Analysis
Among the application segments, the washing fluid segment accounts for a significant share in terms of revenue and is expected to register lucrative growth in the near future. Washing fluid is one of the major application of ultrapure water. Ultrapure water is used as washing fluids in various industries such as pharmaceutical, flat panel, and semiconductor. In addition, ultrapure water is also used for removing small particles and impurities in various industries is another factor supporting growth of the washing fluid segment.
Among the end-use industry segments, the semiconductor segment is expected to account for major revenue over the forecast period. Increasing adoption of ultrapure water for wafer fabrication in the semiconductor industry is a factor driving growth of this segment in the global market.
Global Ultrapure Water Market: Regional Analysis
Currently, market in Asia Pacific accounts for major share in terms of revenue and is expected to register high growth over the forecast period. Growing electronics industry and increasing demand for ultrapure water in semiconductor industry especially in countries such as China, Taiwan, South Korea are factors supporting growth of the target market in this region. In addition, increasing installation of coal-fired power plants in countries in the Asia Pacific is another factor driving growth of the ultrapure market.
The market in North America accounted for the second highest share in terms of revenue and is expected to maintain its position in the near future, followed by Europe. Increasing number of gas turbine power plants and coal-fired power plants is a factor anticipated to propel growth of the target market in Europe. Market in Middle East & Africa and Latin America are anticipated to register lucrative growth in terms of revenue over the forecast period.
Global Ultrapure Water Market Segmentation:
Segmentation by Application:
- Process Feed
- Washing Fluid
Segmentation by End-Use Industry:
- Coal Fired Power
- Gas Turbine Power
- Flat Panel Display
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- GE Water and Process Technologies Inc. (Suez)
- Dow Water & Process Solutions Inc. (DowDuPont Inc.)
- Veolia Environnement S.A.
- Pall Corporation
- Ovivo Inc.
- MICRODYN-NADIR GmbH
- Kurita Water Industries Ltd.
- Pentair plc
- Koch Membrane Systems Inc.
- Memstar Pte. Ltd.
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