Cooling Water Treatment Chemicals Industry to See Robust Expansion, Valued at $22.15 Billion by 2029

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What Is the Projected CAGR for the Cooling Water Treatment Chemicals Market from 2024 to 2025?
The market size for cooling water treatment chemicals has seen substantial growth lately. Its value is projected to increase from $16.41 billion in 2024 to $17.4 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.0%. Factors such as health and safety regulations, control of corrosion, mitigation of biofouling, concerns about energy efficiency, and issues regarding water scarcity have contributed to this growth in the historic period.

What are the Expected Market Size and CAGR for Cooling Water Treatment Chemicals by 2029?
The market size for cooling water treatment chemicals is projected to experience significant expansion in the coming years, reaching a valuation of $22.15 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 6.2%. Several factors such as digitalization, initiatives for water recycling, climate change, urbanization, and microbial control are driving growth during the forecast period. Key trends expected within this time frame include the use of ultraviolet and ozone treatment, antiscalants and dispersants, bio-based chemicals, innovative formulations, and a trend towards multifunctional chemicals.

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Which Factors Are Driving the Global Cooling Water Treatment Chemicals Market Expansion?
The escalating need from the power sector is predicted to push forward the expansion of the cooling water treatment chemicals industry. The power industry is an entity that is accountable for creating electricity. The necessity of these treatment chemicals within this industry is due to the importance of controlling corrosion and biological growth, which in turn guarantees the efficiency and performance of the technology and operations within power plants. It is crucial in power industries to use these chemicals to maintain effective heat transfer and to ensure the best performance and life span of equipment. For example, the U.S. Energy Information Administration (EIA), a government organization in the United States, stated in December 2023 that there was an increase in total electricity consumption of about 3.2% in 2022 in comparison to 2021. Additionally, there was a boost in electricity sales to residential clients of approximately 2.6%, and a rise of about 4.7% in sales to the commercial sector compared to 2021. Hence, the burgeoning need from power industries is fueling the development of the cooling water treatment chemicals market.

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Which Segment Currently Holds the Largest Share of the Cooling Water Treatment Chemicals Market?
The cooling water treatment chemicals market covered in this report is segmented -

1) By Type: Scale Inhibitors, Corrosion Inhibitors, Biocide, Other Types
2) By Application: Raw Water Treatment, Water Desalination, Cooling, Boiler, Effluent Water Treatment, Other Applications
3) By End Use: Power, Steel, Mining, And Metallurgy, Petrochemicals, Oil And Gas, Food And Beverages, Textile, Other End Uses

Subsegments:
1) By Scale Inhibitors: Phosphonates, Polyphosphates, Organic Acids, Carboxylates, Zinc-Based Scale Inhibitors
2) By Corrosion Inhibitors: Filming Amines, Azoles, Chromates, Polymeric Corrosion Inhibitors, Zinc-Based Corrosion Inhibitors
3) By Biocide: Oxidizing Biocides ( Chlorine, Bromine), Non-oxidizing Biocides ( Glutaraldehyde, Isothiazolinones), Algaecides, Fungicides
4) By Other Types: Ph Adjusters, Flocculants, Dispersants, Anti-foaming Agents, Defoamers

Which Major Trends Are Shaping the Future of the Cooling Water Treatment Chemicals Industry?
Prominent organizations in the cooling water treatment chemicals market are concentrating on the invention of novel items, like smart-tagged polymers, to bolster the effectiveness, efficiency, and eco-friendliness of the water treatment procedure. These smart-tagged polymers, which contain built-in markers, assist with tracing, pinpointing, or reactive measures in a plethora of applications. For example, in October 2022, Lumiclene, a new breed of smart-tagged polymers, was released by Italmatch Chemicals GB Ltd., an innovative chemical firm based in the UK. These polymers, which encompass open-recirculating and closed-cooling systems, are tailored for industrial water treatment applications. Lumiclene endows exceptional scale inhibition and dispersing prowess, facilitating accurate online supervision and management of the free-active polymer in the water. This cutting-edge solution allows industries to have greater scale control, resulting in enhanced system performance, decreased maintenance expenditure, and marked environmental advantages.

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Which Key Players Dominate the Cooling Water Treatment Chemicals Industry Globally?
Major companies operating in the cooling water treatment chemicals market are Dow Chemical Company, Ecolab Inc., Arkema S.A., Lonza Group Ltd., Solenis LLC, Kemira Oyj, Veolia Water Technologies & Solutions, Innospec Inc., Hydrite Chemical Co, Italmatch Chemicals S.p.A., DuBois Chemicals Inc., Ixom Operations Pty Ltd., Chem-Aqua Inc., Shandong Taihe Water Treatment Co Ltd., Aquapharm Chemicals Pvt. Ltd., Kurita Water Industries Ltd., Guardian Chemical Specialties Inc., Chemtex Speciality Limited, Accepta Ltd., BWA Water Additives UK Ltd., Zaozhuang Kerui Chemicals Co Ltd., Aries Chemical Inc., SNF Floerger

What Are the Fastest-Growing Regions in the Cooling Water Treatment Chemicals Market?
Asia-Pacific was the largest region in the cooling water treatment chemicals market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cooling water treatment chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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