Press release
Cooling Water Treatment Chemicals Market Global Industry Analysis by Trends, Size, Share, Company Overview, Growth and Forecast by 2030
The Cooling Water Treatment Chemicals Market size was valued at US$ 11.84 billion in 2022 and is expected to reach US$ 18.60 billion by 2030; it is estimated to register a CAGR of 5.8% from 2022 to 2030.The cooling water treatment chemicals market is driven by increasing government regulations on water conservation and wastewater management, coupled with the rising use of cooling water treatment in industrial applications. Moreover, the surging demand for cooling water treatment chemicals in the power industry and the increasing number of nuclear plants, along with the need to maintain the existing plants, are bolstering market growth.
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Analysis of the Top Market Players:
1. ChemTreat Inc
2. DuBois Chemicals Inc
3. Chemtex Speciality Ltd
4. Kurita Water Industries Ltd
5. Kemira Oyj
6. Ecolab Inc
7. Buckman Laboratories lnternational Inc
8. Albemarle Corp
9. Accepta Ltd
10. Veolia Water Solutions & Technologies SA
In this report, the market has been segmented on the basis of:
Type (Scale Inhibitor, Corrosion Inhibitor, Biocide, and Others)
End Use (Power; Steel, Mining, and Metallurgy; Petrochemicals, Oil, and Gas; Food and Beverages; Textile; and Others)
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Quick urbanization, economic improvement, and industrial expansion have resulted in a tremendous demand for water worldwide. The consumption of freshwater is surging globally due to climate change and increased land usage, along with the surge in energy generation with population growth, which has resulted in water scarcity, requiring prompt consideration. Additionally, the rising costs of water are rerouting the focus of industries on water recycling and reuse. Thus, the adoption of cooling water treatment chemicals is high in industries such as oil & gas, pulp & paper, and electric power generation. Efforts taken by these industries to recycle and reuse water for industrial applications to save water are bolstering the demand for different cooling water treatment chemicals, thereby boosting the market growth.
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