Cooling Water Treatment Chemical Market By Type (Corrosion Inhibitor, Scale Inhibitor, Biocide, and Other Types), By End-user Industry (Power Industry, Steel and Mining & Metallurgy, Petrochemicals and Oil & Gas, Food & Beverage, Textile & Dyes, and Other End-user Industries), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Cooling Water Treatment Chemical Market was valued at US$ 15.2 Billion in 2024 and is projected to grow at a CAGR of 6.3% to reach US$ 26.5  Billion by 2034.

Water is an essential constitutes of our day-to-day life and pure water is important for the well-being of our community. Water is a universal solvent, but solids, such as fine sand, clay, rust, and dust are not soluble in water. A cooling tower water treatment system is a procedure of technologies that remove damaging impurities from your cooling tower feed water, circulation water, and/or blowdown.

The accelerating demand from the power industry is the major factor driving growth the global cooling water treatment chemicals market. In addition, increasing consumption of water across the globe coupled with stringent government regulations on the total suspended solids (TSS) level of the water propels the global market growth. Moreover, increasing industrial activities and growth in world population fuels the target market for the cooling water treatment chemicals worldwide. Shifting focus on the development and usage of green chemicals is expected to boost growth of the global market over the forecast period. However, rising popularity of chlorine alternatives and a lack of awareness about cooling water treatment chemicals are anticipated to hamper growth of the target market over the forecast period. Nevertheless, increasing number of nuclear plants across the world, coupled with the need to maintain the existing plants, is expected to augment the usage of the global market.

Cooling water treatment chemical market is segmented based on type, end-user industry, and region.

On the basis of type, the global cooling water treatment chemical market is segmented corrosion inhibitor, scale inhibitor, biocide, and other types. In 2018, corrosive inhibitor type segment accounted for the largest share and is also likely to witness the highest growth over the forecast period, due to high demand from industries, such as steel, power, and mining & metallurgy. Based on end-user industry, the target market is segmented into power industry, steel and mining & metallurgy, petrochemicals and oil & gas, food & beverage, textile & dyes, and other end-user industries. Power industry end-user is the largest consumer of cooling water treatment chemicals, owing to the high water requirement of the industry and need to preserve freshwater resources.

Based on region the global cooling water treatment chemical market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2018, Asia-Pacific dominated the demand for cooling water treatment chemicals and is anticipated to witness the highest growth over the forecast period. In Asia-Pacific, China accounts for the largest consumer of cooling water treatment chemicals owing to huge demand from its power industry. In addition, market players have forayed into the Asia-Pacific region due to the growing use of water treatment chemicals for industrial as well as municipal water treatment. North America is the second most lucrative market for new entrants. Increasing demand for cooling water treatment chemicals from industrial sector and growing government obligations for water recycling are the key factors driving growth of the global cooling water treatment chemicals market in this region.

Cooling Water Treatment Chemical Market, By Type:

• Corrosion Inhibitor
• Scale Inhibitor
• Biocide
• Other Types

Cooling Water Treatment Chemical Market, By End-user Industries:

• Power Industry
• Steel and Mining & Metallurgy
• Petrochemicals and Oil & Gas
• Food & Beverage
• Textile & Dyes
• Other End-user Industries

Cooling Water Treatment Chemical Market, By Region:

• North America
  • Middle East & Africa
    • Middle East & Africa Cooling Water Treatment Chemical Market, By Type
    • Middle East & Africa Cooling Water Treatment Chemical Market, By End-user Industries
    • Middle East & Africa Cooling Water Treatment Chemical Market, By Country
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • Latin America Cooling Water Treatment Chemical Market, By Type
    • Latin America Cooling Water Treatment Chemical Market, By End-user Industries
    • Latin America Cooling Water Treatment Chemical Market, By Country
      • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • Asia Pacific Cooling Water Treatment Chemical Market, By Type
    • Asia Pacific Cooling Water Treatment Chemical Market, By End-user Industries
    • Asia Pacific Cooling Water Treatment Chemical Market, By Country
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific                                                                                                                                                                                         
  • Europe
    • Europe Cooling Water Treatment Chemical Market, By Type
    • Europe Cooling Water Treatment Chemical Market, By End-user Industries
    • Europe Cooling Water Treatment Chemical Market, By Country
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • North America Cooling Water Treatment Chemical Market, By Type
  • North America Cooling Water Treatment Chemical Market, By End-user Industries
  • North America Cooling Water Treatment Chemical Market, By Country
    • U.S.
    • Canada

Company Profile:

• Accepta *
  • Company Overview

• Product Portfolio
  • Key Highlights
  • Financial Performance
• BWA Water Additives
• Albemarle Corporation
• Buckman
• Chemtex Speciality Limited
• DuBois Chemicals
• Chemtrade Logistics Inc.
• ChemTreat Inc. (Danaher)
• DuPont Inc.
• Ecolab

The key players operating the global cooling water treatment chemical market involves Accepta, BWA Water Additives, Albemarle Corporation, Buckman, Chemtex Speciality Limited, DuBois Chemicals, Chemtrade Logistics Inc., ChemTreat Inc. (Danaher), DuPont Inc., and Ecolab. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in December 2018, Italmatch Chemicals has announced that it has signed an agreement to acquire BWA Water Additives, a leading global provider of sustainable water management solutions for the industrial water treatment, oil & gas, and desalination industries. This combination of two highly complementary companies allows the development of industrial synergies and strategic, commercial and, consistent with the aim of broadening and expanding Italmatch Chemicals' current production and marketing capabilities for water management chemicals.