Cooling Water Treatment Chemicals Market Forecasts to 2028 – Global Analysis By Chemical (Scale, Corrosion), End User (Petrochemical, Food & Beverages, Power, Textiles & Dyes) and By Geography
According to Stratistics MRC, the Global Cooling Water Treatment Chemicals Market is accounted for $15.92 billion in 2020 and is expected to reach $29.68 billion by 2028 growing at a CAGR of 8.1% during the forecast period. Growing demand from end use industries, implementation of stringent government regulations, and its long term benefits are driving the market growth. However, the high installation cost is hampering the growth of the market.
Cooling water treatment chemicals are considered as important preventive maintenance chemicals to prevent scaling, corrosion and fouling of water cooling equipment and growth of bacteria in water. It reduces the energy consumption by increasing the pace of cleaning. Chemicals such as polyphosphates, chromates, nitrites, surfactants, zeolites, PH regulators are mostly used chemicals and these protect the equipment from degradation.
Based on the end user, the power segment is going to have lucrative growth during the forecast period due to the increasing number of nuclear power plants across the world, coupled with the need to maintain the existing plants, is expected to augment the usage of cooling water treatment chemicals in the power plants, due to this, the market demand for cooling water treatment chemicals market will grow.
By geography, Asia Pacific is going to have high growth during the forecast period due to the presence of small- and large-scale manufacturing companies in India, China, and Japan and strict water conservation norms in the region, and need for more efficient industrial water treatment for safe disposal.
Some of the key players profiled in the Cooling Water Treatment Chemicals Market include BASF SE, Dow Chemical, Akzo Nobel, Ecolab Inc, GE Water and Process Technologies, Avista Technologies, Albemarle Corp, Veolia Water Technologies, Buckman, SUEZ, Chemtex Speciality Limited and ChemTreat, Inc.
Estimated Market Size in 2020:
USD 15.92 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 29.68 billion
Tables, Graphs& Figures
Chemical, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Biocides and Disinfectants
• Scale Inhibitor
• Corrosion Inhibitors
End Users Covered:
• Petrochemical, Oil and Gas
• Food & Beverages
• Steel, Mining & Metallurgy
• Textiles & Dyes
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Cooling Water Treatment Chemicals Market is majorly driven by its long term benefits, demand from end use industries and implementation of stringent government regulations.
The power segment is growing at a highest CAGR due to due to the increasing number of nuclear power plants across the world, coupled with the need to maintain the existing plants.
Asia Pacific dominated with a significant market share due to the factors such as the presence of small- and large-scale manufacturing companies in India, China, and Japan and strict water conservation norms in the region.
North America market is growing at a highest CAGR due to the rapidly growing population and urbanization, coupled with changing lifestyles, has resulted in increasing per capita power consumption.
Key players in Cooling Water Treatment Chemicals Market include BASF SE, Dow Chemical, Akzo Nobel, Ecolab Inc, GE Water and Process Technologies, Avista Technologies, Albemarle Corp, Veolia Water Technologies, Buckman, SUEZ, Chemtex Speciality Limited and ChemTreat, Inc.
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