Cooling Tower Chemicals Market: Opportunities, Demand and Forecasts, 2018-2028
Cooling tower chemicals are used to treat cooling towers and prevent scaling, corrosion and algae growth. These chemicals are used for scale inhibition, oxygen scavenging and corrosion inhibition and they are also used as biocides. Chemicals such as sulphite, DEHA, carbohydrazide and tannin are used as oxygen scavengers and some of the conventional scale inhibitors include polymaleic anhydrides, acrylates, polyacrylates, sulfonates and organo-phosphonates.
In recent years, di-carboxylic acid, amine-based monomer and tri-carboxylic acid are being used for this purpose. The selection of cooling tower chemicals is done on the basis of process parameters such as operating temperature, pressure, water source, process water content and many others.
Global Cooling Tower Chemicals Market Dynamics
Cooling Tower Chemicals Market Drivers
The chemical industry has been registering high demand for sustainable solutions and continuous operation of plants since recent years. This in turn is surging the demand for cooling tower chemicals from the chemical industry. Players in the chemical industry are increasingly focusing on downtime reduction and avoiding plant failure, which is driving the use of cooling tower chemicals in this industry as they avoid prevent plant failure due to corrosion, scaling and other issues. Thus, the increasing capacities of chemical plants in emerging economies are pushing the demand for high-performance cooling tower chemicals.
Request For Sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=1969
Population growth has also accelerated the growth of the chemical industry, which in turn is driving the cooling tower chemical market. There has been a significant increase in the demand for oxygen scavengers, scale inhibitors and other chemicals in the recent years, which has been driving the cooling tower chemicals market growth. Strong growth of the global economy and the increasing need for sustainable industrial solutions are expected to boost the demand for cooling tower chemicals during the forecast.
Cooling Tower Chemicals Market Restraints
One of the major challenges faced by the global cooling tower chemicals market is the need for continuous research & development for product improvement. Large players in the market are continuously focusing on innovations and developing improved catalysts to maximize the process yield.
Additionally, environmental regulations are getting stringent day-by-day, which may act as a restraining factor for the cooling tower chemicals market during the forecast period. Fluctuations in raw material prices for the fertilizer industry are expected to negatively affect the market for cooling tower chemicals during the forecast period.
Request For Brochure @ https://www.factmr.com/connectus/sample?flag=B&rep_id=1969
Cooling Tower Chemicals Market Trends
New product development through research & development has been observed in the market. The changing requirements of reformers and fertilizer manufacturers are posing new opportunities for cooling tower chemical manufacturers. The utilization of different combinations of chemicals results in better efficiency of the cooling tower.
Additionally, manufacturers are signing long-term contracts with end users to grab greater market shares. Strengthening the distribution channel to increase the customer base is also a focus area for the key players in the market.
Global Cooling Tower Chemicals Market: Regional Outlook
The global cooling tower chemicals market is anticipated to be dominated by Asia Pacific with China leading the market in terms of both production and consumption. India is also anticipated to witness sound growth in the demand for cooling tower chemicals, owing to the rapid growth in the demand for cooling towers, owing to the rise in industrial infrastructure in the country.
North America and Europe are collectively anticipated to hold a significant share in the cooling tower chemicals market and are expected to witness relatively slow growth in demand as compared to Asia Pacific. Significant investments and economic recovery in Brazil and Argentina are projected to drive the Latin America cooling tower chemicals market. The Middle East and Africa region is projected to witness moderate growth in the demand for cooling tower chemicals over the forecast period.
Report Analysis @ https://www.factmr.com/report/1969/cooling-tower-chemicals-market
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Rockville, MD 20852
Follow Us on Linkedin: www.linkedin.com/company/factmr/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cooling Tower Chemicals Market: Opportunities, Demand and Forecasts, 2018-2028 here
News-ID: 1559428 • Views: 108
More Releases from Fact.MR
Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of
More Releases for Cooling
Engine Cooling Fan Controller Market
This report presents the worldwide Engine Cooling Fan Controller market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-engine-cooling-fan-controller-2025-412 The Engine Cooling
Cooling Towers Market - Cooling Towers Market Global Research Report 2022
In this report, the global Cooling Towers market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Cooling Towers in these regions, from 2012 to 2022 (forecast), covering North
Turbine Inlet Cooling Systems
Transparency Market Research has released a new market report titled Turbine Inlet Cooling Systems Market by Technology - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2022. According to this report, the global turbine inlet cooling systems market stood at US$7.8 bn in 2013 and is anticipated to surpass US$13.1 bn by 2022, at a CAGR of 6% from 2014 to 2022. The report on
buzcelik cooling system
As one of the leading suppliers in the field of cooling technologies in Turkey, Buzcelik commenced the production activities by manufacturing industrial type refrigerators in 1982. Buzcelik intensified the activities on finned tubular heat exchangers and it has been located itself between pioneers of cooling industry in course of time by specializing the procurement process in manufacturing of; Commercial and Industrial Type Air Cooled Condensers,
Plum Heating and Cooling Offers New and Enhanced Cooling Systems
Plum Heating and Cooling is one of the most popular heating and cooling solution providers in Melbourne, Australia. The company is one of the fastest growing services in the region and is known for its top of the line customer services. This heating and cooling solution provider has earned the reputation of providing the most technologically advanced cooling systems from well known brands like Braemar & Lennox. The Add-on Cooling
District Cooling Is The Future Of Cooling
At current levels, 70 percent of annual peak electricity consumption is used by air conditioning units to meet the cooling demands in Saudi Arabia and the demand is expected to nearly triple by 2030. It is expected that by year 2030, 1.5 million barrels of oil per day will be needed to power air-conditioning units. Prudent developers and authorities are turning to District Cooling (DC) technology as it has proven,