What Fueled The Previous Growth In The Cooling Water Treatment Chemicals Market?
The cooling water treatment chemicals market has seen considerable growth due to a variety of factors.
• The cooling water treatment chemicals market has grown steadily in recent years. It will increase from $16.41 billion in 2024 to $17.64 billion in 2025, at a compound annual growth rate (CAGR) of 7.5%.
The growth is driven by health and safety regulations, the need for corrosion control, biofouling mitigation, energy efficiency concerns, and water scarcity.
What Is The Expected Growth In The Cooling Water Treatment Chemicals Market Size Evolve over the Forecast Period?
The cooling water treatment chemicals market is expected to maintain its strong growth trajectory in upcoming years.
• The cooling water treatment chemicals market is expected to reach $23.2 billion by 2029, growing at a CAGR of 7.1%.
Growth is driven by digitalization, water recycling initiatives, climate change, urbanization, and the need for microbial control. Trends include ultraviolet and ozone treatment, antiscalants and dispersants, bio-based chemicals, advanced formulations, and multifunctional chemicals.
What Main Forces Are Fueling Expansion In The Cooling Water Treatment Chemicals Market?
The increasing demand from power industries is expected to propel the growth of the cooling water treatment chemicals market. Cooling water treatment chemicals are crucial in maintaining the efficiency and longevity of equipment in power plants by preventing corrosion and microbial growth. The demand for such chemicals is growing due to an increase in electricity consumption, with a 3.2% rise in total U.S. electricity consumption reported by the U.S. Energy Information Administration in 2022, thus boosting the market for cooling water treatment chemicals.
What Are The Primary Segments In The Global Cooling Water Treatment Chemicals Market?
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
Subsegments:
1) By Scale Inhibitors: Phosphonates, Polyphosphates, Organic Acids, Carboxylates, Zinc-Based Scale Inhibitors
2) By Corrosion Inhibitors: Filming Amines, Azoles, Chromates, Polymeric Corrosion Inhibitors, Zinc-Based Corrosion Inhibitors
3) By Biocide: Oxidizing Biocides ( Chlorine, Bromine), Non-oxidizing Biocides ( Glutaraldehyde, Isothiazolinones), Algaecides, Fungicides
4) By Other Types: Ph Adjusters, Flocculants, Dispersants, Anti-foaming Agents, Defoamers
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What Trends Are Shaping The Cooling Water Treatment Chemicals Market?
Companies in the cooling water treatment chemicals market are creating innovative products like smart-tagged polymers to improve water treatment processes and sustainability. Smart-tagged polymers enable precise monitoring and control in industrial applications. In October 2022, Italmatch Chemicals launched Lumiclene, a line of smart-tagged polymers for cooling systems, providing enhanced scale inhibition and reducing maintenance costs.
Who Are the Key Players In The Cooling Water Treatment Chemicals Market?
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
What Is The Most Dominant Region In The Cooling Water Treatment Chemicals Market?
Asia-Pacific was the largest region in the cooling water treatment chemicals market in 2024. 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.
