Cooling Water Treatment Chemicals Market to 2027 by Type, End-User Industry, and Geography | The Insight Partners

report image

Cooling Water Treatment Chemicals Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Corrosion Inhibitor, Scale Inhibitor, Biocide, and Others) and End-Use Industry (Power Industry; Steel, Mining, and Metallurgy; Petrochemicals and Oil & Gas; Food & Beverages; Textile; and Others)

Publication Month: Nov 2022 | Report Code: TIPRE00005626 | No. of Pages: 140 | Category: Chemicals and Materials | Status: Published

The cooling water treatment chemicals market is projected to reach US$ 16,420.49 million by 2028 from US$ 11,850.20 million in 2022. It is expected to grow at a CAGR of 5.6% during 2022–2028.

The food & beverages, oil & gas, power, and textile industries are among the major end users of cooling water treatment chemicals. Cooling water treatment chemicals are the chemical agents that help remove harmful bacteria from cooling systems. It is mainly used to protect the systems from corrosion, prevent and slow down the processes of scale formation and fouling, and control the growth of harmful bacteria. Cooling water treatment chemicals can contribute to the greater efficiency and safety of high-pressure boilers, turbines, and cooling towers. They also help reduce energy consumption by increasing the pace of cleaning. Prominent players such as Accepta, Albemarle Corporation, Buckman, and Chemtex Speciality Limited offer a large variety of cooling water treatment chemicals. There has been a growing trend toward the reuse and recycling of water, which is likely to offer new opportunities to cooling water treatment chemicals manufacturers during the forecast period.

In 2021, Asia Pacific held a significant share of the global cooling water treatment chemicals market. The region is also estimated to register the highest CAGR in the market during the forecast period. The market in Asia Pacific is further segmented into China, India, Australia, Japan, and the Rest of Asia Pacific. Many small- and large-scale manufacturing companies have presence in India, China, and Japan. China accounted for the largest cooling water treatment chemicals market, which can be attributed to the vast power industry in the country. The manufacturing sector in Asia Pacific is rapidly adopting state-of-the-art technologies and processes, which are considered innovation accelerators. All these factors contribute to the cooling water treatment chemicals market growth in the region.

Strategic Insights

Report Coverage - Cooling Water Treatment Chemicals Market
Report CoverageDetails
Market Size Value inUS$ 11,850.20 Million in 2022
Market Size Value byUS$ 16,420.49 Million by 2028
Growth rateCAGR of 5.6% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages140
No. of Tables53
No. of Charts & Figures68
Historical data availableYes
Segments coveredType, and End-Use Industry
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Impact of COVID-19 Pandemic on Cooling Water Treatment Chemicals Market

The food & beverages, oil & gas, power, and textile industries have been among the major demand generators in the cooling water treatment chemicals market before the onset of the COVID-19 pandemic. However, the market faced hurdles during the first quarter of 2020 due to business shutdowns, raw material shortage, and laborer unavailability. The COVID-19 pandemic led to an economic recession in the initial months of 2020, which created financial burden on manufacturers and consumers. However, after some relaxations in social restrictions, coupled with government initiatives to boost their economies, encouraged industries to start working at their full capacities. This eventually helped in the revival of the cooling water treatment chemicals market in late 2021.

Cooling Water Treatment Chemicals Market Breakdown – by Region, 2021

Cooling Water Treatment Chemicals Market Breakdown – by Region, 2021

Get more information on this report :

Market Insights

Growing Demand from Power Industry Boosts Cooling Water Treatment Chemicals Market

The power industry is flourishing with population growth and urbanization. Increasing investments by various private companies and governments in building and maintaining energy infrastructure bolsters this industry. The electrification of various operations across major industries is expected to double the electricity demand by 2050. The power industry, including thermal and atomic plants, requires water in huge quantities. These industries frequently use seawater or lake water for cooling the heat exchange equipment. Cooling water treatment chemicals are widely used to lower the dependency of such industries on freshwater resources. These chemicals are gaining attention, especially in open-recirculating, closed-loop, and once-through cooling frameworks, as they boost the heat transfer efficiency in heat-exchange equipment. The growing number of atomic energy plants worldwide and efforts to maintain existing plants would further trigger the use of cooling water treatment chemicals in the coming years. Thus, the continuous growth of the power generation industry, especially in developing countries such as India and China, is bolstering the growth of the cooling water treatment chemicals market.

Category Insights

Based on type, the cooling water treatment chemicals market is segmented into corrosion inhibitor, scale inhibitor, biocide, and others. In 2021, the scale inhibitor segment accounted for the largest revenue share, and the corrosion inhibitor segment is expected to register the highest CAGR during the forecast period.  

Cooling Water Treatment Chemicals Market, by End-Use Industry – 2021 and 2028

Cooling Water Treatment Chemicals Market, by End-Use Industry – 2021 and 2028

Get more information on this report :

Accepta, Albemarle Corporation, Buckman, Chemtex Speciality Limited, ChemTreat, Inc., DuBois Chemicals, Ecolab, Veolia Water Technologies, Kemira Oyj, and Kurita Water Industries LTD are among the players operating in the market. These companies have broad product portfolios to cater to their clientele from different developed and developing countries. They also focus on developing high-quality, innovative products to meet customer requirements.

Report Spotlights

  • Progressive industry trends in the market to help players develop effective long-term strategies
  • Business growth strategies adopted by companies to secure growth in developed and developing markets
  • Quantitative analysis of the cooling water treatment chemicals market size from 2020 to 2028
  • Estimation of global demand for cooling water treatment chemicals
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook, and factors driving and restraining the growth of the cooling water treatment chemicals market
  • Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
  • The size of the cooling water treatment chemicals market at various nodes
  • Detailed market overview and segmentation, and the cooling water treatment chemicals industry dynamics
  • Cooling water treatment chemicals market size in various regions with promising growth opportunities

The "Cooling Water Treatment Chemicals Market Analysis to 2028" is a specialized and in-depth study of the chemicals industry with a special focus on trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The cooling water treatment chemicals market has been analyzed on the basis of type, end-use industry, and geography. Based on type, the market is segmented into corrosion inhibitor, scale inhibitor, biocide, and others. Based on end-use industry, the cooling water treatment chemicals market is segmented into power industry; steel, mining, and metallurgy, petrochemicals and oil & gas; food & beverages; textile; and others. The cooling water treatment chemicals market, by geography, is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.

Company Profiles

  • Accepta
  • Albemarle Corporation
  • Buckman
  • Chemtex Speciality Limited
  • ChemTreat, Inc.
  • DuBois Chemicals
  • Ecolab
  • Veolia Water Technologies
  • Kemira Oyj
  • Kurita Water Industries LTD

Frequently Asked Questions

Growing demand from power industry and growing emphasis on water recycling and reuse are drivers of cooling water treatment chemicals market. Cooling water treatment chemicals are the chemical agents which helps in removing the unwanted harmful bacteria from the cooling system. It is mainly used for protecting the system from damaging corrosion, control the scale formation & fouling and to control the growth of harmful bacteria.
The major players operating in the global cooling water treatment chemicals market are Accepta, Albemarle Corporation, Buckman, Chemtex Speciality Limited, ChemTreat, Inc., DuBois Chemicals, Ecolab, Veolia Water Technologies, Kemira Oyj, and Kurita Water Industries LTD.
In 2021, Asia Pacific accounted for the largest share of the global cooling water treatment chemicals market. Asia Pacific is the largest consumer of cooling water treatment chemicals, and the region is projected to witness the highest CAGR during the forecast period. Many small- and large-scale manufacturing companies have presence in India, China, and Japan. China accounted for the largest market for cooling water treatment chemicals, which can be attributed to the vast power industry in the country. The manufacturing sector in Asia Pacific is rapidly adopting the innovation accelerators such as advanced technologies and processes.
Based on the segment type, corrosion inhibitors are expected to be the fastest-growing segment during the forecast period. Corrosion inhibitors help prevent the system from fouling to ensure the safe operation of cooling systems. They are normally classified as anodic, cathodic, film-forming, and oxygen-absorbing agents, depending on their mode of action.
Based on the end use industry, power segment accounted for the highest share of the global market in 2021. The demand for cooling water treatment chemicals is increasing in open-recirculating, closed-loop, and once-through frameworks to boost the heat transfer proficiency in the heat exchange equipment.
The shifting focus toward green chemicals is the trend observed in the global cooling water treatment chemicals market. The chemicals used in various industries for water treatment harm the environment to a great extent and lead to severe health hazards among people exposed to them. Industries are seeking ways to improve their operations and make them eco-friendly. Rising awareness about global warming and other environmental issues has forced several industries to shift their focus toward safer options. This has encouraged manufacturers of water treatment chemicals to innovate and develop more sustainable and reliable products. Green chemicals are extracted from vegetables and renewable feedstock, and they make use of the chemical and colloidal properties of certain plant extracts. They don’t exhibit harmful side effects on humans and are biodegradable. Green chemicals have functionality that is equivalent to synthetic ones.

The List of Companies - Cooling Water Treatment Chemicals Market

  1. Accepta
  2. Albemarle Corporation
  3. Buckman
  4. Chemtex Speciality Limited
  5. ChemTreat, Inc.
  6. DuBois Chemicals
  7. Ecolab
  8. Veolia Water Technologies
  9. Kemira Oyj
  10. Kurita Water Industries LTD
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global cooling water treatment chemicals market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global cooling water treatment chemicals market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the cooling water treatment chemicals market as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TIPRE00005626
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market




christmas_festive_offer

Have a Question?

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak to Analyst
Pricing
  • $3000 $2700
  • $4550 $4095
  • $6550 $5568
  • $8550 $6840

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount