Cooling towers are engaged in various industries to cool a plethora of process fluids. With prolonged operations, different minerals present in â€˜cooling water are deposited inside the cooling towers, as well as the equipment. To combat such problems, cooling water treatment chemicals are employed. These chemicals now occupy a widespread and fast growing market, worldwide.
An industry where a cooling tower is installed is a consumer for this market. The industries that classify as major consumers of the cooling water treatment chemicals include power industry, institutional industry, and food & beverage industry; the remaining industries can be classified as small consumers.
Factors such as changing legal scenarios in Asia-Pacific, environmental regulations concerning wastewater discharge and stringent laws put in place by governments to check industrial wastewater disposal, collectively contribute to the growth of the market. With rising environmental awareness and limited availability of fresh water in the Middle East, companies are looking for ways to decrease the consumption of water.
Global Cooling Water Treatment Chemicals Market Share, by End-User Industry, 2015 (%)
Scale inhibitors, corrosion inhibitors, and biocides are the major segments accounting for nearly 96% share of the global cooling water treatment chemicals market. Scale inhibitors segment is growing rapidly when compared to other segments and occupies a share of 43.73% of the global market. Corrosion inhibitors segment is largely untapped and is eco-friendly, representing the second most important cooling water treatment chemicals, accounting for a share of 42.29% of the global cooling water treatment chemicals market in 2015. They hold a great opportunity for innovation in the market.
The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America, and Middle-East & Africa. Asia-Pacific is expected to be the fastest-growing market. In terms of business growth, countries such as China, India, Thailand and Indonesia are potential markets. Economic growth, industrialization, rising environmental awareness and government support are the major factors that contribute to the attractiveness of the market in the region.
Global Cooling Water Treatment Chemicals Market Share, by Geography, 2015 (%)
Other significant potential markets include Russia and Spain in Europe and the UAE in the Middle East. Governments across the world are pushing for a reduction of wastewater discharge. This, coupled with the need for fresh water and sustainable growth approach adopted by industries, drive the growth of this market.
The major players in this industry include:
- BASF SE
- DOW Chemical Company
- Ecolab Inc.
- GE Water and Process Technologies
- Suez Environment
Market analysis for the global cooling water treatment chemicals market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market shares.
Identification and analysis of the macro and micro factors that affect the global cooling water treatment chemicals market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
1.2 Research Methodology
2. Executive Summary
3. Cooling Water Treatment Chemicals
3.2 Industry Attractiveness Porters Five Force Model
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Accelerating Demand from Power and Industrial Applications
4.1.2 Conformance to Stringent Environmental Regulations
4.1.3 Growing Popularity of Zero Liquid Blowdown
4.1.4 USGBC LEED Program
4.2.1 Dearth of Awareness Regarding Cooling Water Treatment
4.3.1 New and Efficient Technologies for Multi-Variable Monitoring
4.3.2 Shifting Focus towards the Usage of Green Chemicals
4.3.3 Use of Municipal Wastewater for Cooling Purposes
5. Market Segmentation
5.1 By Types
5.1.1 Scale Inhibitors
22.214.171.124 Organic Phosphates
126.96.36.199 Inorganic Phosphates
5.1.2 Corrosion Inhibitors
188.8.131.52 Steel Corrosion inhibitors
184.108.40.206 Copper Corrosion inhibitors
220.127.116.11 Oxidizing Biocides
18.104.22.168 Non Oxidizing Biocides
5.2 By End-user Industry
5.2.1 Power Industry
5.2.2 Steel, Mining, and Metallurgy
5.2.3 Petrochemicals and Oil & Gas Industry
5.2.4 Textile and Dyes Industry
5.2.5 Food and Beverage Industry
6. Regional Analysis
6.1 North America
6.1.1 United States
6.1.4 Rest of North America
6.2.2 United Kingdom
6.2.5 Rest of Europe
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle-East and Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle-East and Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, and Collaborations
7.2 Market Share Analysis
7.3 Strategies Adopted by Major Players
8. Company Profiles
8.2 Akzo Nobel NV
8.3 Albemarle Corp.
8.4 Lonza Group Ltd. (Arch Chemicals Inc.)
8.5 BASF SE
8.6 Buckman Laboratories
8.7 Berwind (BWA Water Additives)
8.8 Danaher (ChemTreat Inc.)
8.9 Chemtura Corp.
8.10 Dow Water & Process Solutions
8.11 Ecolab Inc.
8.12 E. I. Du Pont de Nemours and Co.
8.13 GE Water & Process Technologies
8.14 Israel Chemicals
8.15 Kemira Oyj
8.16 Kurita Water Industries Ltd.
8.17 Cabot Corp. (Norit NV)
8.18 Solenis International LP
8.19 Suez Environnement