Global ultrapure water technology markets to reach $4.4B in 2014
A new study by the McIlvaine Company reveals that suppliers of ultrapure water technologies will generate revenues of $4.4 billion in 2014.
July 15, 2013 -- A new study by the McIlvaine Companyin their publication, "Ultrapure Water World Markets," reveals that suppliers of ultrapure water technologies will generate revenues of $4.4 billion in 2014, with the power industry being the largest purchaser.
Ultrapure water is needed for a variety of industrial applications including filtration, purification and degassing steps. Special materials are required to ensure that no contamination is created in the processing, and consumables such as replacement membranes and ion-exchange resins are needed. There has also been a recent trend toward electrodeionization as a replacement for ion-exchange. The elimination of cleaning chemicals and the replacement resins is advantageous from both an operating and environmental perspective.
The findings conculde that East Asia is a fast growing market as there are many new semiconductor plants. China will install more new coal-fired boilers each year than all of Europe, Africa and the Americas combined. Major pharmaceutical companies are establishing generics manufacturing in China and other East Asian countries.