New York, United States - November 8, 2023 (www.waternewswire.com) Ultra-pure water is water that meets stringent limits or specifications for biological organisms (including pyrogens, bacteria, and viruses), organic carbon, dissolved and suspended solids, and dissolved gases. Almost always, ultra-pure water is utilized in producing electronic components, optical components, and pharmaceuticals. According to the Straits Research, "The global ultra-pure water market size is envisioned to grow at a CAGR of 10% and reach USD 3,910 million during the forecast period."
Ultrapure water is purified to the highest standards for all impurities, including organic and inorganic compounds, dissolved particulate matter, and dissolved gases. A single 8-inch silicon wafer, which serves as the base for approximately 100 chips, can consume up to 7,500 liters of water, of which two-thirds must be ultra-pure water. As a cleaning agent, ultra-pure water is utilized in semiconductor facilities. In turn, the rapid expansion of the semiconductor industry is driving the market demand for ultrapure water. In addition, as semiconductor manufacturers invest more in installing new manufacturing facilities and developments worldwide, the need for ultrapure water in producing semiconductors is expected to rise during the forecast period.
The pharmaceutical industry has a growing demand for ultrapure water, water treatment systems, and process equipment. Access to ultra-pure water is anticipated to increase because of technological advancements such as membrane separation, irradiation, nanoparticle diagnosis, bioaugmentation, and hybrid technology; this will result in the expansion of small and medium enterprise (SME) roles in the pharmaceutical industry, especially in cities of populous nations such as India and China.
Membrane distillation (MD) is an emerging membrane separation technique that has the potential to convert aqueous solutions containing a high concentration of suspended substances into ultrapure water. The membranes play a minimal role in the separation process, another advantage of membrane distillation. Consequently, membrane distillation can be indispensable to the conventional method of producing ultrapure water.
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Asia Pacific will command the market with the largest share while growing at a CAGR of 11% throughout the forecast period. The region's nation, China, has the world's second-largest pharmaceutical market. In addition, as part of the ambitious "Made in China 2025" initiative, Chinese officials have set a goal for the semiconductor industry to produce USD 305 billion by 2030 and meet 80% of domestic demand.
North America will grow at a CAGR of 9.5% during the forecast period. In terms of size, the US electronics market is the largest in the world and one of the most promising areas for the market for ultra-pure water. Due to the use of advanced technology, the increase in research and development centers, and the rising consumer demand, it is also expected to remain one of the leading markets over the forecast period.
The US is also one of the world's largest semiconductors producers. The semiconductor industry is the third-largest in the United States, following the pharmaceutical and biotechnology industries. America represents 47% of the global semiconductor sales market. The United States holds a 61% market share in the category of logic products. In contrast, semiconductors manufactured in the United States account for 63% of analog products. The rising demand for semiconductors will likely drive the ultra-pure water market in the country, contributing to the region's market share.
Competitive Players in the Market
Global Ultra-Pure Water Market: Segmentation
By End-User Industry
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