Cooling Water Treatment Chemicals Market - Forecast(2024 - 2030)
Cooling water treatment chemicals market size is forecast to reach $21.4 billion by 2025, after growing at a CAGR of 6.1% during 2020-2025. With rise in industrial sector around the globe, the demand for cooling water treatment chemicals are anticipated to grow, as it is used to, ensure an efficient process and long equipment service life. Governments’ regulations towards opening new industries for their economic growth, will further boost the market growth.
Report Coverage
The report: “Cooling Water Treatment Chemicals Market (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the cooling water treatment chemicals industry.
By Chemicals – Scale Inhibitor, Corrosion Inhibitors, Biocides, Others.
By End Use – Power, Steel, Mining & Metallurgy, Petrochemical, Oil & gases, Food & Beverages, Textiles & Dyes, Others.
By Geography – North America, South America, Europe, APAC, RoW.
Key Takeaways
- Asia-Pacific dominates the Cooling water Treatment chemicals, as due to the presence of small- and large-scale manufacturing companies in India, China, and Japan.
- The increasing demand for cooling water treatment chemicals in industries such as steel, mining & metallurgy, petrochemicals & oil and gas, food and beverage, and textile industries over are driving the demand for Cooling water Treatment chemicals market in the region.
- Increasing popularity of zero liquid blow down provides an opportunity for the cooling water treatment chemicals market growth.
- One notable challenge of cooling water treatment chemicals is that, it is considerably costly to set up.
By Product – Segment Analysis
Corrosion Inhibitors holds the largest share in the chemicals used for the cooling water treatment, as it is added to cooling water systems that have extensive metals that require protection against corrosion. If it is not used, corrosion can reduce plant productivity, cause plant downtime, and require costly equipment replacements down the road. Inhibitors form barrier films that inhibit metal corrosion rate by decreasing the diffusion rate of depolarizers to the surface of the metal. Scale inhibitors are used after corrosion inhibiters were used because if the metals will remain corrosive then there will be no benefit of scale inhibitors as they are used to reduce the growth of microbes and biofilms.
By End Use – Segment Analysis
Power industry holds the largest share in the end-use industries for cooling water treatment chemicals market, owing to the large amount of water requirement in the industries and need to preserve freshwater resources. Power industries such as thermal and nuclear plants, often use seawater for cooling and are equipped with anti-corrosion heat exchange equipment. The increasing number of nuclear plants across the world, coupled with the need to maintain the existing plants, is expected to augment the usage of cooling water treatment chemicals, due to this, the market demand for cooling water treatment chemicals market will grow.
By Geography – Segment Analysis
APAC has dominated the cooling water treatment chemicals market with a share of more than 42%, owing to high demand from the end-user industries, such as power, steel, and food & beverage. Countries such as India, China, Japan are the epicentre for the cooling water treatment chemicals market, as these countries consist of large number of industries. Due to the coinciding borders of India and china, tensions always arise between these two countries. So, in competition to be superior upon one another both of them are indulge in creating more and more atom bombs which will eventually aid the market demand for cooling water treatment chemicals market. Also, the insurance of more employments in these countries, governments’ looks very excitingly towards opening new industries
Drivers – Cooling Water Treatment Chemicals Market
- Implementation of Stringent Government regulations
Implementation of Stringent Governments’ regulations and efforts to reuse water and wastewater treatment in industries, will further aid the market growth of cooling water treatment chemicals market. The removal of impurities from wastewater, or sewage, before they reach aquifers or natural bodies of water such as rivers, lakes, estuaries, and oceans. Since pure water is not found in nature (i.e., outside chemical laboratories), any distinction between clean water and polluted water depends on the type and concentration of impurities found in the water as well as on its intended use.
- Long term benefit
Due to the use of these chemicals in the equipments, they remains in the good functioning and the industries didn’t have to repair it again and again in very short span of time. The work also becomes efficient, as equipments takes less time in production. Treating water for cooling towers is an integral part of the process operations in many industries and is used to minimise water depletion and remove zinc, chromates and carbonate from the water used in cooling towers.
Challenges – Cooling Water Treatment Chemicals Market
- Costly setting up of Equipment
In manufacturing, setup cost is the cost incurred to get equipment ready to process a different batch of goods. Hence, setup cost is regarded as a batch-level cost in activity-based costing. Setup cost is considered to be a non-value-added cost that should be minimized. One notable hurdle of cooling water treatment chemicals market is that, it is considerably costly to set up. So, small industries are financially not that much strong to setup these equipments. So, they look to escape the installing of these equipments.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Cooling water treatment chemicals Market. In 2019, the market of cooling water treatment chemicals has been consolidated by the top five players accounting for xx% of the share. Major players in the Cooling water treatment chemicals Market are BASF SE, Dow Chemical, Akzo Nobel, Ecolab Inc., GE Water and Process Technologies among others.
Acquisitions/Technology Launches
- In April 2019, Chemtreat, Inc. has opened new applied tech lab in Hanover airpark.
- In November 2018, Univar Plc and Buckman announced distribution agreement for the United States and Canada.
- In November 2018, BWA Water Additives launched a new biocide (Bellacide 350) chemistry into the Hydraulic Fracturing and Oil and Gas market in Canada.
1. Cooling Water Treatment Chemicals Market - Overview
1.1 Definitions and Scope
2. Cooling Water Treatment Chemicals Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Cooling Water Treatment Chemicals Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Cooling Water Treatment Chemicals Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Cooling Water Treatment Chemicals Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Cooling Water Treatment Chemicals Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Cooling Water Treatment Chemicals Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Cooling Water Treatment Chemicals Market - By Product Type(Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
8.3.1 Scale Inhibitor
8.3.2 Corrosion Inhibitors
8.3.3 Biocides
8.3.4 Others
9. Cooling Water Treatment Chemicals Market - By Type(Market Size -$Million / $Billion)
10. Cooling Water Treatment Chemicals Market – By End Use Industry(Market Size -$Million / $Billion)
10.1. Segment type Size and Market Share Analysis
10.2. Application Revenue and Trends by type of Application
10.3. Application Segment Analysis by Type
10.3.1. Power Industry
10.3.2. Steel, Mining, & Metallurgy
10.3.3. Petrochemicals and Oil & Gas
10.3.4. Food & Beverage
10.3.5. Textile & Dyes
10.3.6. Others
11. Cooling Water Treatment Chemicals- By Geography (Market Size -$Million / $Billion)
11.1 Cooling Water Treatment Chemicals Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Cooling Water Treatment Chemicals- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Cooling Water Treatment Chemicals- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Cooling Water Treatment Chemicals - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Cooling Water Treatment Chemicals - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Cooling Water Treatment Chemicals Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Cooling Water Treatment Chemicals Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Cooling Water Treatment Chemicals Market - Key Company List by Country Premium
15. Cooling Water Treatment Chemicals Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Accepta Ltd
15.3 Akzo Nobel N V
15.4 Albemarle Corporation
15.5 Avista Technologies, Inc
15.6 Basf Se
15.7 Buckman Laboratory International, Inc
15.8 Bwa Water Additive
15.9 Cabot Corporation
15.10 Chemtex Speciality Limited
15.11 Chemtrade Logistics Income Fund
15.12 Chemtreat, Inc
15.13 Dowdupont
15.14 Dubois Chemicals, Inc
15.15 Ecolab
15.16 Icl-Ip Terneuzen B V
15.17 Kemira
15.18 Kurita Water Industry Ltd
15.19 Lonza
15.20 Solenis
15.21 Suez
15.22 Thermax
15.23 Veolia Water Technology
15.24 Company 23
15.25 Company 24 & More
*Financials would be provided on a best efforts basis for private companies
16. Cooling Water Treatment Chemicals Market - Appendix
16.1 Abbreviations
16.2 Sources
17. Cooling Water Treatment Chemicals Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends