The cooling water treatment chemicals global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cooling Water Treatment Chemicals Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cooling water treatment chemicals market size has grown strongly in recent years. It will grow from $15.33 billion in 2023 to $16.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to health and safety regulations, corrosion control, biofouling mitigation, energy efficiency concerns, and water scarcity.
The cooling water treatment chemicals market size is expected to see strong growth in the next few years. It will grow to $21.68 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to digitalization, water recycling initiatives, climate change, urbanization, and microbial control. Major trends in the forecast period include ultraviolet and ozone treatment, antiscalants and dispersants, bio-based chemicals, advanced formulations, and a shift towards multifunctional chemicals.
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Scope Of Cooling Water Treatment Chemicals Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cooling Water Treatment Chemicals Market Overview
Market Drivers –
Major Driver Impacting Market Growth
Market Trends –
Major companies operating in the cooling water treatment chemicals market are focused on developing innovative products, such as smart-tagged polymers, to enhance the water treatment process’s effectiveness, efficiency, and sustainability. Smart-tagged polymers with embedded markers facilitate tracking, identification, or responsive actions in various applications. For instance, in October 2022, Italmatch Chemicals GB Ltd., a UK-based innovative chemical company, launched Lumiclene, a new line of smart-tagged polymers. These polymers, including open-recirculating and closed-cooling systems, are designed for industrial water treatment applications. Lumiclene offers superior scale inhibition and dispersing capabilities, enabling precise online monitoring and control of the free-active polymer in the water. This innovative solution gives industries better control over scale, leading to improved system performance, reduced maintenance costs, and significant environmental benefits.
The cooling water treatment chemicals market covered in this report is segmented –
1) By Type: Scale Inhibitors, Corrosion Inhibitors, Biocide, Other Types
2) By Application: Raw Water Treatment, Water Desalination, Cooling, Boiler, Effluent Water Treatment, Other Applications
3) By End Use: Power, Steel, Mining, And Metallurgy, Petrochemicals, Oil And Gas, Food And Beverages, Textile, Other End Uses
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Regional Insights –
Asia-Pacific was the largest region in the cooling water treatment chemicals market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cooling water treatment chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cooling water treatment chemicals market are Dow Chemical Company, Ecolab Inc., Arkema S.A., Lonza Group Ltd, Solenis LLC, Kemira Oyj, Veolia Water Technologies & Solutions, Innospec Inc., Hydrite Chemical Co, Italmatch Chemicals S.p.A., DuBois Chemicals Inc., Ixom Operations Pty Ltd, Chem-Aqua Inc., Shandong Taihe Water Treatment Co Ltd, Aquapharm Chemicals Pvt. Ltd., Kurita Water Industries Ltd, Guardian Chemical Specialties Inc., Chemtex Speciality Limited, Accepta Ltd, BWA Water Additives UK Ltd., Zaozhuang Kerui Chemicals Co Ltd, Aries Chemical Inc., SNF Floerger
Table of Contents
1. Executive Summary
2. Cooling Water Treatment Chemicals Market Characteristics
3. Cooling Water Treatment Chemicals Market Trends And Strategies
4. Cooling Water Treatment Chemicals Market – Macro Economic Scenario
5. Global Cooling Water Treatment Chemicals Market Size and Growth
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32. Global Cooling Water Treatment Chemicals Market Competitive Benchmarking
33. Global Cooling Water Treatment Chemicals Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cooling Water Treatment Chemicals Market
35. Cooling Water Treatment Chemicals Market Future Outlook and Potential Analysis
36. Appendix
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