[FURL=https://www.industryarc.com/Report/18510/ultra-pure-water-market-research-report-analysis.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Ultra-pure Water market[/FURL] size is forecast to reach $11 billion by 2026, after growing at a CAGR of 7.6% during 2021-2026. Due to the increased use of ultrapure water in the production phase of wafers and clean room practices. Ultrapure water is used in the processing of wafers for washing, cleaning and itching of wafers. The demand for ultra-pure water is also growing in coal-fired power plants, since most of these have improved to a super-critical type along with new installations to meet increasing energy demand, especially in developing countries. High standards, however, set by advancing nanotechnology, is a factor that may hinder the growth of the global market for ultrapure water. Nevertheless, rising demand for ultra-pure wafer washing water, coupled with increasing wafer production in emerging economies, will generate high revenue opportunities for the global market players.The COVID-19 pandemic is expected to intensify the adoption of digitalization. It is expected that networking and remote access functionality will become the trend. The launch of the 5G mobile network is expected to stimulate demand for semiconductor components, which in the microelectronics industry would have a positive effect on demand for ultrapure water.
Key Takeaways
Asia Pacific dominates the ultra-pure water market, owning to growing electronics industry and increasing demand for ultrapure water in semiconductor industry especially in countries such as China, Taiwan, South Korea. According to Invest India, India’s share in global electronics manufacturing has grown from 1.3% in 2012 to 3.0% in 2018.
Ultrapure water is also used in the power generation industry in pharmaceuticals, semiconductors, supercritical boilers and subcritical boilers. The increasing demand from research laboratories is another factor that supports global market development.
Moreover, increasing use of cleanroom practices to reduce contamination is a factor expected to fuel growth of the target market in the coming years.
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Ultra-pure Water Market Drivers
Growth in semiconductors industry and increasing application scope in various industries
Ultrapure water is primarily used in the semiconductor industry. It is used in clean room, wafer manufacturing and other processes. The demand for semiconductors has grown technologically, hence the need to have the highest grade of ultra-pure water has increased the unit costs for the industry.
Ultra-pure Water market includes Asahi Kasei Corp., Danaher Corp., DuPont de Nemours Inc., Ecolab Inc., General Electric Co., Organo Corp., Ovivo Inc., Pentair Plc, SUEZ SA, and VEOLIA ENVIRONNEMENT SA
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