Ultrapure Water Market
Ultrapure Water Market: Segmentation
The ultrapure water market can be segmented into application, end-use industry, and regions. Based on the application, the ultrapure water market is segmented into washing fluid and process feed. On the basis of end-use industry, the market is categorized into gas turbine power, flat panel display, semiconductors, coal-fired power, pharmaceuticals, and others. The ultrapure water market is geographically diversified into Asia Pacific, North America, Europe, and Rest of the World.
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Ultrapure Water Market: Growth Factors
The ultrapure water is mainly used in the semiconductor industry. It is used in clean room practices, wafer fabrication, and other processes. The semiconductors market has developed technologically, thus the need to give the highest grade of ultrapure water has increased the unit costs for the industry. Hence, the semiconductor wafer manufacturers are the main consumers of the ultrapure water. The growth in the electronics and semiconductor industry has significantly impacted the ultrapure water market in a positive way. The ultrapure water is also highly used in power generation facilities, clinical research laboratories, and solar PV manufacturing sector, thus driving the ultrapure water market. In the coal-fired power plants, the ultrapure water plays a crucial role, hence increasing the demand of the ultrapure water market. The sluggish financial investments in different countries have disrupted many industrial projects which have created a problem for the ultrapure water market.