The global Ultrapure Water market was valued at USD 5.33 billion in 2016 and is projected to reach USD 10.31 billion by 2025, growing at a CAGR of 7.60% from 2017 to 2025.
Ultrapure water (UPW) is water that has been purified to very strict specifications, containing by definition only H20, and H+ and OH- ions in equilibrium. The demand for this water is majorly dependent on the growth in end-use industries. It finds applications where a high product quality is desired.
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1. Market Drivers
1.1 Growing demand in semiconductor applications
1.2 High demand for cleanroom practices
2. Market Restraints
2.1 Market dominated by large players
The global Ultrapure Water market is segmented on the equipment, material and services, application, end-use and region.
1. By Equipment, material and services:
2. By Application:
2.1 Washing Fluid
2.2 Process Feed
3. By End-Use:
3.1 Coal Fired Power
3.4 Flat Panel Display
3.5 Gas Turbine Power
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. GE Water and Process Technologies Inc.
2. DOW Water and Process Solutions
3. Ovivo Inc.
4. Veolia Environment
5. Pall Corporation
6. Pentair PLC
8. Kurita Water Industries Ltd.
9. Koch Membrane Systems
12. Evoqua Water Technologies
13. Memstar PTE Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Ultrapure Water market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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