What Is a Cooling Water Treatment Chemicals System and How Does It Work?
The Cooling Water Treatment Chemicals Market accounted for US$ 15,750.77 Mn in 2018 and is expected to grow at a CAGR of 5.9% during the forecast period 2019 - 2027, to account for US$ 26,253.37 Mn by 2027.
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The Asia Pacific region holds the largest share in the global cooling water treatment chemicals market. The cooling water treatment chemicals market in the Asia Pacific is propelling due to the presence of small and large scale manufacturing companies in India, China, and Japan. The demand for cooling water treatment chemicals has increased from the steel, mining & metallurgy, petrochemicals & oil and gas, food and beverage, and textile industries over the past few years. China, India, and Japan are the most prominent regions for the growth of the cooling water treatment chemicals market, given that the power industry in these regions is among the well-established sectors.
North America is projected to grow at a faster pace over the forecast period. Factors such as rapidly growing population and urbanization, coupled with changing lifestyles, have resulted in increasing per capita power consumption. Thus, it has fueled the demand for electricity in North American countries, which in turn has boosted cooling water treatment chemicals market. An expected increase in mine output and a continued emphasis on wastewater remediation will also support gains in cooling water treatment chemical demand.
The power industry, as well as oil & gas, chemicals, petrochemicals, and mining, produces enormous volumes of wastewater. Generally, these wastewaters are released through a plant outfall into a surface water body, a dissipation lake, or at times, deep well injected. Environmental concerns due to such release rehearses have brought about the advancement of zero liquid discharge (ZLD) processes.
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GLOBAL COOLING WATER TREATMENT CHEMICALS MARKET SEGMENTATION
By Type
- Corrosion Inhibitor
- Scale Inhibitor
- Biocide
- Others
By End-Use Industry
- Power Industry
- Steel, Mining & Metallurgy
- Petrochemicals & Oil & Gas
- Food & Beverage
- Textile
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia Pacific
- Australia
- China
- India
- Japan
- Rest of APAC
- Middle East and Africa
- South Africa
- South Arabia
- UAE
- Rest of Middle East and Africa
- South America
- Brazil
- Argentina
- Rest of South America
Company Profiles
- Accepta
- Albemarle Corporation
- Buckman
- BWA Water Additives
- Chemtex Speciality Limited
- ChemTreat, Inc.
- DuBois Chemicals
- Ecolab
- Veolia Water Technologies
- Kemira Oyj