Ultrapure Water Market size reflects positive market growth with a CAGR of 6.23%
Ultrapure Water market is witnessing significant activity driven by widening applications, with semiconductors recycling, pharmaceutical manufacturing, andpower plants emphasizing on a diverse range of Ultrapure Water equipment.
The laboratory filtration sector grows steadily with demand from the pharmaceuticalindustry, food and beverage industry, and environmental monitoring industries.
The primaryusage of ultrapure water in critical cleaning and process feed applications to achieve the highest purity levels. Also, widening applications including semiconductor manufacturing, coal power units, and medical devices drive the market demand.
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Key firms produce ultrapure water by usinga combination of different ultrapure water technologies including Reverse Osmosis (Ro), Ion Exchange (Ix), Ultrafiltration (Uf), Degasification and Electrodeionization (Edi).
Ultrapure water plays a prominent role in laboratory filtration and accordingly, demand from this segment will increase steadily. Therefore, the majority of coal power plant operators are opting for ultrapure water as they shift towards supercritical and ultra-supercritical plants.
Further, the availabilityof advanced cartridges and other components makes consumables the fastest growing segment over the forecast period 2020-2026.
However,the prominence of washing is further intensified with decreasing size of wafers. Accordingly, Semiconductor manufacturers are thus investing heavily in upgrading their wafer washing processes.
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Regional analysis of Ultrapure Water Market share
Among regions, Asia Pacific drives the major market share owing to increase in wafer manufacturing and coal power production in China and India.
Further, countries across the world are continuing toinvest in upgrading coal power plants to reduce emissions. The US, China, Europe, South East Asia, and other countries are focusing onupgrading coal plants, which will drive the demand for supercritical plants and ultrapure water market.
In addition, Ultra-pure water requirement has become the key materials for the production ofelectronics devices in emerging countries like China.
Though, India to boost power generation capacity in thecountry and is focusing on adding gas, hydra solar and wind power infrastructure. Building andupgrading high-voltage transmission lines and substations are underprogress across the country.
Moreover, the pharmaceutical industries of developed regions are regulated by FDA and issue guidance and requirements for the production of ultrapure water.
In the United States, Pharmacopoeia-National Formulary (USP-NF) publications and current good manufacturing practice as required by the US FDA.
In addition, ultrapure water has higher requirements in the energy sector to its ability to lower inlet temperatures and increase the weight of combustion.
Growing demand forultrapure water systems and high demand for gas turbines and combined cycle power plants to increase the marketdemand regionally.
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Competitive trends and expansion of portfolio by key vendors of Ultrapure Water Market
key companies in the market are offering a broad portfolio and new launches of water and processtechnologies with both configurable and pre-engineered modelsare being marketed.For instance, in 2020, Kurita Water Industries to construct a new research and development base in Nakashima-shi, Tokyo.
Further, in 2019, a joint venture between Kurita Water Industries and Kurita Kitakantou Co., Ltd. to Provide Comprehensive Water Treatment Solutions.
In addition, in 2019, Koch Membrane Systems expanded capabilities to offer innovativeion exchange solutions for full separation needs.
Moreover, in 2019, SUEZ acquires a stake worth £2.8 million in Inflowmatix Ltd., also in 2019 Evoqua acquired a majority stake in Frontier Water Systems, LLC.
Additionally, in 2019, Kurita delivers a water recycling technology demonstration system for the Japanese experiment module "Kibo" on the internationalspace station.
Key players contributing in the Ultrapure Water Market include GE Water and Process Technologies Inc., Veolia Environment S.A., Ovivo Inc., Pall Corporation, Dow Water & Process Solutions, Koch Membrane Systems, and Hydranautics (U.S.), among others.
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