Global Ultrapure Water Market
Ultrapure Water Market size was valued at USD 10 billion in 2024 and is projected to reach a valuation of USD 28.9 billion by the end of 2037, rising at a CAGR of 8.3% during the forecast period, i.e., 2025-2037. In 2025, the industry size of ultrapure water is estimated at USD 11 billion.
The ultrapure water market is rising at a steady pace due to the rise in the need for high-quality water systems in the semiconductor, pharmaceutical, and biotechnology industries. Due to the increasing demand for high purity water, ultrapure water systems are becoming a critical component in the production process of manufacturing industries. In July 2024, Veolia Water Technologies launched an ultrapure water purification system for a biotechnology company with the use of MEDICA Pro 120 technology. This development supports the growing need for high purity water in molecular biology and life sciences, as well as promotes research and laboratory work with clean water.
The government and private investors are stepping up efforts to expand the ultrapure water market with a special emphasis on water sustainability. In November 2024, Toray Industries launched the TBW-XHR reverse osmosis membrane elements in the production of ultrapure water to increase the removal of urea. This innovation is in response to increasing concerns about the use of water in recycling in semiconductor fabrication and pharmaceutical industries. Furthermore, the United States Department of Agriculture (USDA) approved USD 16.6 million in January 2024 for the development of hydroelectric power and water purification systems in rural areas, which shows the increasing importance of ultrapure water in green energy and sustainable living.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.3% |
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Base Year Market Size (2024) |
USD 10 billion |
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Forecast Year Market Size (2037) |
USD 28.9 billion |
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Regional Scope |
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Device (Consumables, Filtration, Others)
Consumables segment is projected to account for ultrapure water market share of around 50.2% by 2037. Ultrapure water systems require consumables such as filters, resins and membranes to ensure that the systems are running at their optimum. This is because they are used over and over again in different industries. In November 2024, Toray Industries released new TBW-XHR membrane elements to the consumable product category, strengthening the segment’s leadership. This growth is attributed to the need for replacement and upgrades of the systems to deliver quality water on a routine basis.
Application (Cleaning, Process Feed, Etching, Others)
In ultrapure water market, cleaning segment is expected to capture revenue share of over 48.9% by 2037, due to the importance of ultrapure water in cleaning semiconductor wafers and pharmaceuticals. In March 2024, Pall Corporation presented new advanced filtration solutions for wafer cleaning at SEMICON West in order to improve the performance of semiconductor manufacturing facilities. This innovation shows the value of ultrapure water in the control of contamination and underlines that higher production yields are possible through operational excellence.
Our in-depth analysis of the ultrapure water market includes the following segments:
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Device |
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Application |
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Technology |
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End user |
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Asia Pacific Market Statistics
Asia Pacific ultrapure water market is set to dominate revenue share of around 42.6% by the end of 2037, due to the increasing industrialization and increasing semiconductor production. The increase in industries like microelectronics, pharmaceuticals, and petrochemicals requires the use of ultrapure water in manufacturing. With increased rates of population density, the need for ultrapure water in various industries, including food, beverage, and energy industries, remains high, making Asia Pacific a significant market.
The ultrapure water market in India is anticipated to rise due to the government's investment in the expansion of the semiconductor industry and industrial development. Initiatives such as the Production Linked Incentive (PLI) scheme are likely to boost the demand for high purity water in sectors such as electronics and pharmaceuticals. With the country on the path to becoming a manufacturing hub, investments in water treatment facilities are also rising, which in turn is supporting the growth of ultrapure water plants in major industrial zones of the country.
China is one of the major players in the Asia Pacific of ultrapure water and has set a goal for the Made in China 2025 strategy. The government set the goal to reach a USD 305 billion output of semiconductors by 2030, which will cover 80% of domestic demand and require numerous large-scale ultrapure water systems for chip production. In May 2024, Veolia Water Technologies launched the first regeneration plant in China that provides ultrapure water to sectors like pharmaceuticals, petrochemicals, microelectronics, etc. This development is in line with China’s effort to boost its infrastructure and address the increasing water requirement in the industries.
North America Market Analysis
North America ultrapure water market is set to grow at CAGR of around 8.3% between 2025 and 2037, due to its application in semiconductor and pharmaceutical industries. The region’s strategic emphasis on advanced manufacturing technologies and technological advancement requires high-purity water systems necessary in precision-oriented industries. This has been due to the stringent laws on water quality and environmental protection in North America that make industries adopt sustainable ultrapure water solutions.
The U.S. leads the North America ultrapure water market owing to increased investments in semiconductors and water recycling technologies. In August 2022, President Biden signed the CHIPS and Science Act, which provides USD 39 billion for the enhancement of domestic semiconductor manufacturing, and this will create more demand for ultrapure water in wafer fabrication. Also, in 2024, the U.S. Department of the Interior committed USD 179 million to finance new water reuse projects, which contribute to water security in the western states and provide adequate water supply to water-intensive sectors.
The ultrapure water market in Canada is rising at a steady pace due to the increasing business in the pharmaceutical and energy sectors. As a result of the growing concern in environmental conservation, industries in Canada have been procuring new technologies in water treatment to enhance quality. The government’s policy shifts towards the use of clean energy and environmentally friendly manufacturing are also driving ultrapure water market expansion. At the same time, partnerships between technological companies and international water treatment organizations are improving the nation’s capacity to create ultrapure water which is critical in technological innovation and eco-friendly production processes.
The global ultrapure water market is highly competitive, and the key industry players that are driving the innovation include Veolia Water Technologies, Pall Corporation, and Toray Industries. These organizations are increasing their product offerings through mergers and acquisitions and new product developments in order to meet the growing needs for UP water in various sectors. In June 2024, Veolia introduced Hubgrade Water Footprint, an artificial intelligence based real-time water management system that underlines the company’s vision of adopting technological approaches in water management.
Furthermore, in August 2024, Veolia increased its mobile ultrapure water services in Europe for the pharmaceutical, life science, and cosmetic sectors. This initiative is evidence of the transition to the ultrapure water market of a new generation of solutions that allow for the flexible use of services and continuous operation. The market remains dynamic as companies are investing in sustainable, efficient, and technologically driven systems to produce and supply ultrapure water.
Here are some leading companies in the ultrapure water market:
Author Credits: Rajrani Baghel
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