Market Insights
Ultrapure water is water that has been purified to uncommonly stringent specifications. Ultrapure water is a term that indicates the fact that the water is treated to the highest levels of purity for all contaminant types, including: organic and inorganic compounds; dissolved and particulate matter; volatile and non-volatile; reactive, and inert; hydrophilic and hydrophobic; and dissolved gases.
The impact of COVID-19 on the ultrapure water market was mixed. On the one hand, the demand for ultrapure water decreased in some industries due to the lockdown and shutdown of several factories. On the other hand, the application of ultrapure water increased in the pharmaceutical industry, which needed it for vaccine production and other purposes.
However, after the pandemic, the demand for ultrapure water has been increasing significantly in various industries, especially semiconductors and power generation. The production of high-quality electronic devices required ultrapure water. The digitalization and adoption of IoT technologies have stimulated the need for ultrapure water in the microelectronics industry. Increasing use of electronic devices such as smartphones, laptops, and tablets would drive demand for ultrapure water in the market. Overall, the ultrapure water market is likely to grow at a CAGR of 8.3% over the next five years.
Segment Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Application-Type Analysis
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Washing Fluid and Process Fluid
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Washing fluid application is expected to account for a larger share of the market during the forecasted period.
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End-Use Industry-Type Analysis
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Semiconductor, Power, Pharmaceutical, and Others
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The semiconductor industry is expected to remain the biggest consumer of ultrapure water in the market during the forecast period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is expected to remain the largest and the fastest-growing market for ultrapure water over the next five years.
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End-Use Industry Trends
The ultrapure water market is segmented into semiconductor, power, pharmaceutical, and others. The semiconductor industry is expected to remain the major consumer of ultrapure water in the market during the forecast period. The growing usage of ultrapure water for wafer fabrication is driving the dominance of the industry in the forecasted period.
Application Trends
The ultrapure water market is segmented into washing fluid and process feed. Washing fluid is expected to remain the bigger demand generator for ultrapure water in the market during the forecast period. Ultrapure water is deployed as washing fluids in various end-use industries such as pharmaceuticals and semiconductors. It is also used to remove small particles and impurities in various industries.
Regional Analysis
Asia-Pacific is expected to remain the largest and fastest-growing market for ultrapure water. There is a high demand for ultra-pure water from the semiconductor industry in countries such as China, Taiwan, and South Korea. Moreover, the increasing installation of coal-fired power plants in the region is fuelling the demand for ultrapure water in the region.
The ultrapure water market is segmented into the following categories:
By Equipment, Material, and Service Type
- Filtration (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Consumables/Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type
- Washing Fluid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Process Feed (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Technology Type
- Reverse Osmosis (RO) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Ultrafiltration (UF) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Nanofiltration (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Ion Exchange Resin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Tank Vent Filtration (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Resin Trap Filtration (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Degasification (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Electrodeionization (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Ultrapure Water Market, by End-Use Industry Type
- Semiconductor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Power (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, South Korea, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Key Players
The following are the key players in the ultrapure water market:
- Veolia
- Asahi Kasei
- Ecolab
- Dupont
- Evoqua Water Technologies
- Ovivo
- Organo Corporation
- Hydranutics
- Danaher Corporation
- Mann+Hummel
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s ultrapure water market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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