The ultrapure water market is projected to reach USD 12.1 billion by 2027, at a CAGR of 8.6% from USD 8.0 billion in 2022. Semiconductors are the biggest application of ultrapure water, where it is used in the washing of silicon wafers, which are the building blocks of microchips. The growth of the semiconductor industry is expected to fuel the growth of the market for ultrapure water in the coming years. There is scope for using ultrapure water in many applications where high purity is desirable to improve the efficiency of the product or the process.
The key players in the ultrapure water market include Veolia (France), Asahi Kasei (Japan), Ecolab (US), DuPont (US), Evoqua Water Technologies (France), Ovivo Inc. (Canada), Organo Corporation (Japan), Hydranautics (US), Danaher Corporation (US), MANN+HUMMEL (Germany), Pentair (US), and Kurita Water Industries (Japan), among others. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through acquisitions and partnerships.
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Veolia is a global leader in environmental services, with a broad range of solutions for water, waste, and energy management. The company offers a range of services and technologies for ultrapure water production, which is essential for many high-tech industries, such as electronics, pharmaceuticals, and biotechnology. It provides a range of water purification systems, including reverse osmosis, electrodeionization, and ultrafiltration technologies, which are designed to remove impurities and contaminants from water and produce ultrapure water that meets industry standards. Its ultrapure water solutions are used by a wide range of industries, including semiconductor manufacturing, pharmaceutical, and biotechnology.
In April 2021, Veolia acquired SUEZ Water Technologies & Solutions which offers water and wastewater treatment services, with resilient and innovative solutions. This has helped the company increase its reach globally and strengthen its product and services portfolio.
Asahi Kasei is a Japanese company that operates in various markets, including the ultrapure water market. The company provides solutions for the production, storage, and distribution of ultrapure water for a range of applications, including semiconductor manufacturing, pharmaceutical, and power generation. The company's ultrapure water solutions include water treatment systems, ion exchange resins, membranes, and other products that help to remove impurities and contaminants from water.
In March 2020, Asahi Kasei acquired Veloxis Pharmaceuticals, Inc. to achieve excellence in the healthcare sector.
Ultrapure Water Market by Equipment, Material, and Service (Filtration, Consumables/Aftermarket), Application (Washing Fluid, Process Feed), End-Use Industry (Semiconductor, Power, Pharmaceutical), and Region - Global Forecast to 2027
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