Cooling Water Treatment Chemicals Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Corrosion Inhibitor, Scale Inhibitor, Biocide, and Others) and End-Use Industry (Power Industry; Steel, Mining, and Metallurgy; Petrochemicals and Oil

The scope of our recent study, titled ""Cooling Water Treatment Chemicals Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Corrosion Inhibitor, Scale Inhibitor, Biocide, and Others) and End-Use Industry (Power Industry; Steel, Mining & Metallurgy; Petrochemicals and Oil & Gas; Food & Beverage; Textile; and Others),"" includes factors fueling the cooling water treatment chemicals market growth, revenue estimation and forecast, and market share analysis. It also entails the identification of significant market players and their key developments.

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1590/cooling-water-treatment

The cooling water treatment chemicals market is projected to reach US$ 16,420.49 million by 2028 from US$ 11,850.20 million in 2022. It is expected to grow at a CAGR of 5.6% during 2022-2028.The demand for these chemicals is high in industries such as food & beverages, power, textile, oil & gas, steel, and mining. Water treatment using chemicals is a more cost-effective method than the physical methods of water treatment using advanced technologies. Further, an increasing number of nuclear plants, coupled with the need to maintain the existing plants, bolster the cooling water treatment chemicals market growth. Stringent regulations by governments regarding water conservation and wastewater management are also adding to the demand for cooling water treatment chemicals.

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1590/cooling-water-treatment

Rapid urbanization, economic progress, and industrial expansion are the key factors that propel the demand for water across the world. Freshwater consumption has been increasing with climate change and elevated land usage, along with a rise in energy production with population growth. This has led to water scarcity, which calls for immediate attention. A hydrological cycle must be preserved to ensure a sustainable future. In addition, with the surge in the costs of water, industries are emphasizing the reuse and recycling of water. This factor further propels the demand for cooling water treatment chemicals.

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1590/cooling-water-treatment

Based on type, the global cooling water treatment market is segmented into corrosion inhibitor, scale inhibitor, biocide, and others. In 2021, the scale inhibitor segment accounted for the largest revenue share, and the corrosion inhibitor segment is expected to record the highest CAGR during the forecast period. The global cooling water treatment chemicals market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2021, Asia Pacific accounted for the largest share of the market. Many small- and large-scale manufacturing companies have presence in India, China, and Japan. China accounted for the largest share of the cooling water treatment chemicals market in Asia Pacific, which can be attributed to the vast power industry in the country. The manufacturing sector in this region is rapidly adopting the innovation accelerators such as advanced technologies and processes. Over the past few years, manufacturing spending has grown significantly in the region. Government initiatives and policies such as Make-in-India encourage the setup of different manufacturing plants in India. Such developments in the manufacturing sector favor the cooling water treatment chemicals market growth in Asia Pacific.

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1590/cooling-water-treatment

Impact of COVID-19 Pandemic on Cooling Water Treatment Chemicals Market

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1590/cooling-water-treatment

During the COVID-19 outbreak, the shutdown of manufacturing units in industries such as food & beverages, oil & gas, textile, and power led to a decline in demand for cooling water treatment chemicals. During the initial stages of the COVID-19 pandemic, cooling water treatment chemical manufacturers were forced to scale back or halt production temporarily. However, businesses gained ground as the governments of various countries eased the previously imposed restrictions. Moreover, the food & beverages, oil & gas, steel and mining, textile, and power sectors witnessed a growth in demand for their offerings post-pandemic recovery.

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1590/cooling-water-treatment

Cooling Water Treatment Chemicals Market Breakdown - by Region

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1590/cooling-water-treatment

The report includes the segmentation of the global cooling water treatment chemicals market as follows:

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1590/cooling-water-treatment

The cooling water treatment chemicals market, based on type, is segmented into corrosion inhibitor, scale inhibitor, biocide, and others. In terms of end-use industry, the market is segmented into power industry; steel, mining, and metallurgy; petrochemicals and oil & gas; food & beverages; textile; and others. The cooling water treatment chemicals market, by is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The market in North America is further segmented into the US, Mexico, and Canada. The cooling water treatment chemicals market in Europe is segmented into Germany, France, Italy, the UK, and the Rest of Europe. The market in Asia Pacific is segmented into Australia, China, India, Japan, and the Rest of Asia Pacific. The market in the MEA is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The cooling water treatment chemicals market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America.

For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1590/cooling-water-treatment

Thinking Caps Market Reports
Bangalore, India
Sayantan Paul
CEO and Founder
+1 800 257 6445
connect@thinkingcapsrc.com

Thinking Caps is a research powerhouse dedicated towards making your business decisions easier, faster and cost effective.

Equipped with a multi-publisher dynamic repository of readily available syndicate industry reports, Thinking Caps helps you maximize RoI through incisive insights, credible data analysis, updated company information, and the opportunity to expand your horizon through additional bespoke research. We help you take tangible decisions positively impacting your business growth.

This release was published on openPR.