April 15, 2024

Press release

Ultra-Pure Water Market Size Set to Experience a 10% CAGR Growth by 2030 as per Straits Research

New York, United States, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Ultra-pure water is water that meets stringent limits or specifications for biological organisms (including pyrogens, bacteria, and viruses), organic carbon, dissolved and suspended solids, and dissolved gases. Almost always, ultra-pure water is utilized in producing electronic components, optical components, and pharmaceuticals. According to the Straits Research, "The global ultra-pure water market size is envisioned to grow at a CAGR of 10% and reach USD 3,910 million during the forecast period."

Key Drivers

Ultrapure water is purified to the highest standards for all impurities, including organic and inorganic compounds, dissolved particulate matter, and dissolved gases. A single 8-inch silicon wafer, which serves as the base for approximately 100 chips, can consume up to 7,500 liters of water, of which two-thirds must be ultra-pure water. As a cleaning agent, ultra-pure water is utilized in semiconductor facilities. In turn, the rapid expansion of the semiconductor industry is driving the market demand for ultrapure water. In addition, as semiconductor manufacturers invest more in installing new manufacturing facilities and developments worldwide, the need for ultrapure water in producing semiconductors is expected to rise during the forecast period.

The pharmaceutical industry has a growing demand for ultrapure water, water treatment systems, and process equipment. Access to ultra-pure water is anticipated to increase because of technological advancements such as membrane separation, irradiation, nanoparticle diagnosis, bioaugmentation, and hybrid technology; this will result in the expansion of small and medium enterprise (SME) roles in the pharmaceutical industry, especially in cities of populous nations such as India and China.

Growth Opportunities

Membrane distillation (MD) is ...

Full story available on Benzinga.com


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