The global distilled water market size was worth around USD 354 Million in 2022 and is predicted to grow to around USD 660 Million by 2030 with a compound annual growth rate (CAGR) of roughly 8.1% between 2023 and 2030.
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➤ Market expansion is being driven by an increase in demand from end-user verticals.
The global distilled water market is expected to experience significant development as a result of the growing demand from end-user verticals, including electronics, cosmetics, pharmaceuticals, and other laboratories, for processing or manufacturing. The cleansing of numerous electronic components is a contributing factor to the extensive use of distilled water in the electronics industry, one of the fastest-growing sectors. Semiconductors, printed circuit boards (PCBs), and sensors are cleaned with distilled water. It functions as an exceptional solvent that effectively eliminates debris, grime, and other contaminants without causing any harm to the electronic device.
➤ Intense competition from alternative water sources to limit market expansion
The distilled water industry is anticipated to encounter growth constraints as a result of the fierce competition it encounters from alternative water purification methods. UV sterilization and reverse osmosis (RO) are among the most frequently implemented methods. In terms of water purification, these methods are equally viable alternatives, and for certain users, they may provide a more cost-effective solution. Additionally, the process necessitates a substantial quantity of high-quality water as input, which is further restricted by the limited availability of raw materials.
➤ Increasing demand for healthcare applications to generate greater growth prospects
The global distilled water market size is expected to expand further as a result of the increasing use of distilled water in the healthcare sector, which is one of the most critical and resourceful segments of all other end-user verticals. Distilled water is employed in a variety of applications, including the sterilization of apparatus and medical procedures. The demand for water purification processes, such as water distillation, is increasing at a rapid pace in tandem with the increasing demand for healthcare processes. Inhalation therapy, dialysis, and the manufacture of solutions, media, and reagents are among the major applications of distilled water.
➤ Inadequate consumer awareness among specific demographics to impede market expansion
Limited awareness of the advantages of distilled water among specific consumer segments is one of the primary obstacles encountered by global distilled water industry participants. For example, a significant number of consumers may be unaware of the distinction between distilled water and conventional tap water. Furthermore, the cost of the water distillation procedure is higher than that of other water purification methods.
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The Global Distilled Water Market is segmented based on product, application and region
Global Distilled Water Market: Product Segment Analysis
● Industrial Grade
● Pharmaceutical Grade
Global Distilled Water Market: Application Segment Analysis
● Chemical & Biological Laboratories
● Drinking
● Automotive Cooling Systems & Batteries
● Medical
● Others
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The global Distilled Water market profiles key players such as:
● PepsiCo Inc.
● Nestle Waters
● Gerolsteiner Brunnen GmbH & Co. KG
● Aquafine Corporation
● Coca-Cola Co.
● Dow Water & Process Solutions
● Crystal Geyser Water Company
● Thermo Fisher Scientific Inc.
● Fiji Water LLC
● Culligan International Company
● Mountain Valley Spring Company LLC
● Graver Technologies LLC
● Brita GmbH
● ProMinent GmbH
???? Recent Developments:
• The Brihanmumbai Municipal Corporation (BMC), the municipal corporation of Mumbai, India, declared in January 2023 that it will commence the construction of a desalination plant for the city. The primary source of water supply for the city will be the Arabian Sea, which will be desalinated to satisfy the increasing agricultural and potable needs.
• The conclusion of the third desalination plant in the Nemmeli village of the Tamil Nadu State of India is anticipated by the end of July 2023, taking place in January 2023. The initiative, which has a capacity to treat approximately 150 million liters of seawater per day, cost INR 1516.82 crore.
➤ North America is expected to experience substantial growth.
The demand for distilled water in the global market is subject to fluctuations from a variety of regional territories due to factors such as water quality, industrial and economic development levels, and water scarcity. The industry experienced the most significant growth in North America in 2022, and it is anticipated that this trend will persist throughout the forecast period. The high regional CAGR is primarily attributable to the presence of a robust healthcare infrastructure. Additionally, the demand for industrial-grade distilled water has increased in the United States and Canada, resulting in additional revenue.
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