NEWARK, Del, Dec. 28, 2022 (GLOBE NEWSWIRE) -- During the forecast period 2023-2033, the cooling water treatment chemicals market is expected to grow at a value of 6% CAGR, according to Future Market Insights. By the year 2033, the global market for cooling water treatment chemicals is expected to rise up to a market valuation of US$ 12,614 Million. Increasing demand from the power industry and the food and beverage industry is a major driving factor for the market.
The food & beverages, oil & gas, power, and textile industries are among the major end users of cooling water treatment chemicals. Cooling water treatment chemicals are the chemical agents that help remove harmful bacteria from cooling systems. It is mainly used to protect the systems from corrosion, prevent and slow down the processes of scale formation and fouling, and control the growth of harmful bacteria. Cooling water treatment chemicals can contribute to the greater efficiency and safety of high-pressure boilers, turbines, and cooling towers.
Corrosion inhibitors are the majorly used water treatment chemicals in the cooling water treatment industry. The use of corrosion inhibitors in cooling water systems improves efficiency of the system, thus facilitating maximum heat transfer, improving process throughput, and reducing the downtime for cleaning, helping the system to run for a longer time. Although, the COVID-19 pandemic affected the demand for cooling water treatment chemicals, the functioning of end user industries is expected to create lucrative opportunities for the market.
Request Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-15902
Corrosion inhibitors are designed to ensure metal protection and prevent metal loss, which may lead to critical system failures in recirculating water piping, process cooling equipment, and heat exchangers. The wide application of cooling water chemical treatments in various end user industries is increasing the adoption of the same. Furthermore, the establishment of small and medium scale industries is favoring the growth of cooling water treatment chemicals market.
Key Takeaways from the Market Study
- The global cooling water treatment chemicals market is expected to grow with a 6% CAGR during 2023-2033.
- By end use, the food and beverage industry is expected to possess 30% market share for cooling water treatment chemicals market.
- North America water treatment chemicals market is expected to grow by 4.5% annually in the forecast period and reach U$ 17 Billion by 2033,
- Asia Pacific is expected to hold 45% market share for cooling water treatment chemicals in 2023.
“Increasing application of cooling water treatment in end user industries that range from power industry to food and beverage is positively influencing the demand for the market,” comments a Future Market Insights analyst.
Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-15902
Competitive Landscape
Key players in the cooling water treatment chemicals market are Accepta, Albemarle Corporation, Buckman, Chemtex Speciality Limited, ChemTreat Inc., DuBios Chemicals, Ecolab, Veolia Water Technologies, Kemira Oyj and Kurita Water Industries Ltd
- Albemarle Corporation, a key company specializing in chemical production has undertaken research to understand the changing nature of end user industries and is manufacturing chemicals to treat water.
- DuBios Chemicals, another key player in the cooling water treatment chemicals market is focusing on providing cost efficient and sustainable solutions with its customized equipment that will serve different end user industries.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global cooling water treatment chemicals market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of type (Scale Inhibitors, Corrosion Inhibitors, Biocide, Other Types), end use (Power Steel, Mining, & Metallurgy, Petrochemicals, Oil & Gas, Food & Beverages, Textile and Others), and regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
Key Segments Profiled in the Cooling Water Treatment Chemicals Market Survey
Type:
- Scale Inhibitors
- Corrosion Inhibitors
- Biocide
- Other Types
End Use:
- Power
- Steel, Mining, & Metallurgy
- Petrochemicals, Oil & Gas
- Food & Beverages
- Textile
- Others
Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Get 30% Discount, Talk with Our Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-15902
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018-2022 and Forecast, 2023-2033
4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2018-2022
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2023-2033
Access Full Report: https://www.futuremarketinsights.com/reports/cooling-water-treatment-chemicals-market
Explore wide-ranging Coverage of FMI’s Chemicals & Materials Market Insights Landscape:
Structural Adhesives Market Share: The structural adhesives market size is projected to be valued at US$ 12.3 Bn in 2023 and is expected to rise to US$ 21.3 Bn by 2033.
Surface Disinfectant Chemicals Market Size: The market is projected to have a significant CAGR of 4.1% by 2033. FMI forecasts revenue share of the surface disinfectant chemicals market to expand from US$ 3.9 billion in 2023 to US$ 5.8 billion by 2033.
N-Methyl-2-Pyrrolidone (NMP) Market Demand: The global N-Methyl-2-Pyrrolidone market was calculated to be total US$ 956.7 Mn in 2022. As per the recent report released by FMI, this overall N-Methyl-2-Pyrrolidone market valuation in the present year 2023 is estimated to be around US$ 1.1 Bn.
Di-electric Gases Market Growth: The di-electric gas market is estimated to grow at a substantial rate over the forthcoming years. During the forecast period, the market is expected to grow at a CAGR of 7.2% from US$135.2 Bn in 2023 to US$ 272.3 Bn in 2033.
Automotive Appearance Chemicals Market Analysis: The automotive appearance chemicals market size is expected to surpass US$ 49.4 Bn in the next decade. Between 2023 and 2033, the market has been forecast to record a CAGR of 4.9%.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
