Cooling Water Treatment Chemicals Market Size (2024 - 2029)

The cooling water treatment chemicals market is projected to experience significant growth, driven by the expanding power industry. Despite the challenges posed by the increasing adoption of chlorine alternatives, the market is poised for recovery and expansion, with a notable opportunity in the development and use of green chemicals. The Asia-Pacific region is expected to lead in growth, fueled by substantial demand from sectors such as power, steel, and food & beverage.

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Market Size of Cooling Water Treatment Chemicals Industry

Cooling Water Treatment Chemicals Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Cooling Water Treatment Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Cooling Water Treatment Chemicals Market Analysis

The global cooling water treatment chemicals market is expected to register a CAGR of more than 6% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market is now estimated to reach pre-pandemic levels and is expected to grow steadily.

  • Accelerating power industry growth is expected to drive the studied market growth during the forecast period.
  • On the other hand, the increasing popularity of chlorine alternatives is anticipated to hinder the market's growth.
  • Shifting focus on developing and using green chemicals is expected to act as an opportunity for market growth.
  • Asia-Pacific is anticipated to witness the highest growth over the forecast period, owing to high demand from the end-user industries, such as power, steel, and food & beverage.

Cooling Water Treatment Chemicals Industry Segmentation

Cooling Water Treatment Chemicals are chemical agents that remove bacteria from cooling systems. Cooling water treatment chemicals are primarily used for cleaning water during power generation. The Cooling Water Treatment Chemicals market is segmented by type, end-user industry, and geography. By type, the market is segmented into corrosion inhibitors, scale inhibitors, biocide, and other types. By end-user industry, the market is segmented into power, steel, mining & metallurgy, petrochemicals and oil and gas, food and beverage, textile and dyes, and other end-user industries. The report also covers the market size and forecasts in 15 countries across major regions. Market sizing and forecasts are based on each segment's revenue (USD million).

Type
Corrosion Inhibitor
Scale Inhibitor
Biocide
Other Types
End-user Industry
Power Industry
Steel, Mining & Metallurgy
Petrochemicals and Oil and Gas
Food and Beverage
Textile and Dyes
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Cooling Water Treatment Chemicals Market Size Summary

The cooling water treatment chemicals market is poised for steady growth, driven by the expanding power industry, which is the largest consumer of these chemicals due to its significant water requirements and the necessity to conserve freshwater resources. The market is recovering from the setbacks caused by the COVID-19 pandemic and is expected to reach pre-pandemic levels. The demand for these chemicals is particularly rising in various cooling systems, such as open-recirculating, closed-loop, and once-thru systems, to enhance heat transfer efficiency. The increasing number of nuclear plants and the need to maintain existing ones further bolster the market's expansion. However, the growing preference for chlorine alternatives presents a challenge, while the shift towards green chemicals offers new growth opportunities.

The Asia-Pacific region is anticipated to experience the highest growth in the cooling water treatment chemicals market, driven by substantial demand from industries like power, steel, and food & beverage. Countries such as China, Japan, and India are significant consumers, with the power generation sector expanding rapidly. This regional growth is supported by the robust demand from the textile industry and the increasing power generation capacity, particularly in India. The market is characterized by its fragmented nature, with key players including Suez, Kemira, Solenis, Ecolab, and DuPont. Recent innovations, such as Italmatch Chemicals' Smart-Tagged Polymers for industrial water treatment, highlight the ongoing advancements in the sector.

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Cooling Water Treatment Chemicals Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Accelerating Growth of the Power Industry

      2. 1.1.2 Growing Popularity of Zero-liquid Blowdown

    2. 1.2 Restraints

      1. 1.2.1 Lack of Awareness about Cooling Water Treatment

      2. 1.2.2 Increasing Popularity of Chlorine Alternatives

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Corrosion Inhibitor

      2. 2.1.2 Scale Inhibitor

      3. 2.1.3 Biocide

      4. 2.1.4 Other Types

    2. 2.2 End-user Industry

      1. 2.2.1 Power Industry

      2. 2.2.2 Steel, Mining & Metallurgy

      3. 2.2.3 Petrochemicals and Oil and Gas

      4. 2.2.4 Food and Beverage

      5. 2.2.5 Textile and Dyes

      6. 2.2.6 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East & Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East & Africa

Cooling Water Treatment Chemicals Market Size FAQs

The Cooling Water Treatment Chemicals Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Suez, Kemira, DuPont, Ecolab and Solenis are the major companies operating in the Cooling Water Treatment Chemicals Market.

Cooling Water Treatment Chemicals Market Report Snapshots

Cooling Water Treatment Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)