Cooling towers are engaged in various industries to cool a plethora of process fluids. With prolonged operation, different minerals present in ‘cooling water’ are deposited inside cooling towers as well as the equipment. To combat such problems, cooling water treatment chemicals are employed. These cooling water treatment chemicals now occupy a widespread and fast growing market worldwide.
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 the cooling water treatment chemicals market growth
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.
Cooling towers are employed in almost every industry. 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 the food & beverage industry; the remaining industries can easily be classified as small consumers.
In terms of revenue, in 2017, scale inhibitors, corrosion inhibitors and biocides are the major segments accounting for nearly 96% share of the global cooling water treatment chemicals market. In terms of revenue, in 2017, scale inhibitors occupy a share of more than 44% of the global market; this segment is growing rapidly when compared to other segments. Corrosion inhibitors represent the second most important cooling water treatment chemical, accounting for a share of around 42% of the global cooling water treatment chemicals market in 2017; this segment is largely untapped and eco-friendly corrosion inhibitors hold a great opportunity for innovation in the market.
Asia-Pacific is expected to be the fastest-growing market. In terms of potential, countries such as China, India, Thailand and Indonesia are lucrative for business growth. Economic growth, industrialization, rising environmental awareness and government support are the major factors that contribute to the attractiveness of the market in the region. Other significant potential markets include Russia, Spain in Europe and the UAE in the Middle East.
Opportunities & Major Players
The market has some opportunities in the form new and efficient technologies for multi-variable monitoring, focus towards the usage of green chemicals and usage of municipal wastewater for cooling purposes. Governments are pushing reduction of wastewater discharge, along with the need for fresh water and sustainable growth approach adopted by industries drive growth in this market.
Some of the major players in this industry are Ecolab Inc., Akzo Nobel NV, BASF SE, Suez Environment, and Kemira OYJ.
Few Notable Developments in the Market
In Oct, 2017, SUEZ finalized the acquisition of GE Water & Process Technologies and set up a business unit Water Technologies & Solutions.
In Apr, 2017, Chembond Chemicals Ltd. acquired Solenis Netherlands's 45% stake in their joint venture Chembond Solenis Water Technologies Ltd. for approximately USD 7.35 million.
Key Deliverables in the Study
Market analysis for the Global Cooling Water Treatment Chemicals market, with country-specific assessments and competition analysis on a regional scale.
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 share.
Identification and analysis of the macro and micro factors that affect the Global Cooling Water Treatment Chemicals market on regional scale.
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 where this industry is growing and identify the regions that are still untapped.
1.2 Research Methodology
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Current Market Scenario
3.2 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 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
220.127.116.11 Organic Phosphates
18.104.22.168 Inorganic Phosphates
5.1.2 Corrosion Inhibitors
22.214.171.124 Steel Corrosion Inhibitors
126.96.36.199 Copper Corrosion Inhibitors
188.8.131.52 Oxidizing Biocides
184.108.40.206 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 Buchman 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.
8.13 Israel Chemicals
8.14 Kemira Oyj
8.15 Kurita Water Industries Ltd
8.16 Cabot Corp. (Norit Nv)
8.17 Solenis International Lp
8.18 Suez Environment (Including Ge Water & Process Technologies)
- Akzo Nobel Nv
- Albemarle Corp.
- Lonza Group Ltd. (Arch Chemicals Inc.)
- Basf Se
- Buchman Laboratories
- Berwind (Bwa Water Additives)
- Danaher (Chemtreat Inc.)
- Chemtura Corp.
- Dow Water & Process Solutions
- Ecolab Inc.
- Israel Chemicals
- Kemira Oyj
- Kurita Water Industries Ltd
- Cabot Corp. (Norit Nv)
- Solenis International Lp
- Suez Environment (Including Ge Water & Process Technologies)