IMARC Group has recently released a new research study “Ultrapure Water Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

What Are The Growth Prospects Of The Ultrapure Water Industry?

The global ultrapure water market size reached US$ 7.55 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 12.36 Billion on by 2027, exhibiting a growth rate (CAGR) of 8.30% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

What is a Ultrapure Water?

Ultrapure Water represents an intermediate chemical utilized as a basic building block for the formulation of several compounds. It is mostly found in various animal fats and plants and is produced by microbial fermentation. ODDA is used as an emulsifier, lubricating agent, food additive, and emollient. It even forms an essential ingredient in manufacturing cosmetics, drugs, soaps, insulators, shampoos, and detergents. As a result, ODDA finds extensive applications across numerous sectors, such as pharmaceutical, automotive, cosmetic, construction, textiles, etc.

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What are the key factors driving the global ultrapure water market?

The increasing demand for the acid for the synthesis of polyamide, nylon, and adhesives is among the key factors driving the Ultrapure Water market.  Apart from this, the shifting preferences toward sustainable and environment-friendly products for reducing petrochemical dependency are acting as another significant growth-inducing factor. In line with this, the inflating prices of petrochemical products, on account of the supply-demand disparities that have prompted a higher inclination for bio-based chemicals, is also positively influencing the global market. Moreover, the escalating product employment for manufacturing polymers, which include epoxy, polyurethane, polyphenylene oxide, polycarbonates, polyphenylene ethers, polyether amides, etc., and as a thickener in grease compositions is further stimulating the market growth.

In addition to this, the growing awareness about the advantageous properties of the polyester polyols derived from the acid, including excellent solvent resistance, toughness, optical clarity, and hydrolytic stability, the rising need for elastomers, paints, and polyester foam in multiple industrial and automotive applications, and the elevating consciousness about the benefits of natural skincare ingredients with anti-aging properties are expected to propel the Ultrapure Water market over the forecasted period.

Who are the key players/companies in the global ultrapure water market?

Applied Membranes Inc., Asahi Kasei Corporation, Dupont De Nemours Inc., Evoqua Water Technologies, Komal Water Industries, Kurita Water Industries Ltd., MANN+HUMMEL Water & Fluid Solutions GmbH, Organo Corporation, Pall Corporation (Danaher Corporation), Pentair plc and RODI Systems Corporation.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Materials and Services:

• Filtration
• Consumables/Aftermarket
• Others

Breakup by Application:

• Washing Fluid
• Process Feed

Breakup by End Use Industry:

• Semiconductor
• Pharmaceuticals
• Power Generation
• Others

Regional Insights:

• Asia Pacific
• North America
• Europe
• Middle East and Africa
• Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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