The Ultrapure Water Market is projected to reach USD 7.15 Billion by 2020 at a CAGR of 7.8% between 2015 and 2020. This growth is driven by the increasing demand from the semiconductors industry and coal fired power plants.
Asia-Pacific
is the largest market for ultrapure water due to presence of large companies in
this region. North America and Europe are established market with major global
players present in these regions.
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The semiconductors end-use industry
is expected to dominate the ultrapure water market by 2020
Ultrapure water in the semiconductors
industry is expected to contribute the maximum share in this market by 2020.
Increased demand for the high purity water in wafer fabrication and
semiconductors industry is driving the growth in this segment. Apart from this
industry, coal fired power plants, flat panel, and pharmaceuticals are other
major end-use industries of ultrapure water.
The major companies operating in the global ultrapure water market
are GE Water and Process Technologies Inc. (U.S.), Veolia Environment
S.A. (France), Ovivo Inc. (Canada), Pall Corporation (U.S.), Dow Water & Process
Solutions (U.S.), Koch Membrane Systems (U.S.), and Hydranautics (U.S.), among
others.
These
companies have been adopting various strategies such as new product launches,
joint ventures, acquisitions, collaborations, and others in order to grow and
strengthen their foothold in this market. In November 2015, Microdyn Nadir
launched R-AQUADYN, a compact rack solution-based on the double asymmetric,
hydrophilic low fouling PAN hollow fiber membrane.
In
March 2015, Evoqua Water Technologies announced to double its production
capacity for its leading range of water treatment products at one of its key
production facilities in the U.S. to meet the increasing global demand for its
products and services. The new Evoqua Tewksbury facility will manufacture a range
of water treatment products including Evoqua’s Ionpure continuous
electrodeionization (CEDI) modules; its new electrochemical desalination
technology; and Capac impressed current cathodic protection anodes.
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