Cooling Water Treatment Chemicals Market Value Expected to Reach $29.68 billion by 2028:

Cooling Water Treatment Chemicals Market Value Expected to Reach $29.68 billion by 2028:
Cooling Water Treatment Chemicals Market Data And Industry Growth Analysis | Stratistics Market Research Consulting
Cooling Water Treatment Chemicals Market Forecasts to 2028 – Global Analysis By Chemical (Scale, Corrosion), End User (Petrochemical, Food & Beverages, Power, Textiles & Dyes) and By Geography

The Global Cooling Water Treatment Chemicals Market is accounted for $15.92 billion in 2020 and is expected to reach $29.68 billion by 2028 growing at a CAGR of 8.1% during the forecast period. Growing demand from end use industries, implementation of stringent government regulations, and its long term benefits are driving the market growth. However, the high installation cost is hampering the growth of the market. Some of the key players profiled in the Cooling Water Treatment Chemicals Market include BASF SE, Dow Chemical, Akzo Nobel, Ecolab Inc, GE Water and Process Technologies, Avista Technologies, Albemarle Corp, Veolia Water Technologies, Buckman, SUEZ, Chemtex Speciality Limited and ChemTreat, Inc.

Chemicals Covered:• Biocides and Disinfectants• Scale Inhibitor• Corrosion Inhibitors   

End Users Covered:• Petrochemical, Oil and Gas• Food & Beverages• Steel, Mining & Metallurgy• Power• Textiles & Dyes

The Global Cooling Water Treatment Chemicals Market is majorly driven by its long term benefits, demand from end use industries and implementation of stringent government regulations. The power segment is growing at a highest CAGR due to due to the increasing number of nuclear power plants across the world, coupled with the need to maintain the existing plants. Asia Pacific dominated with a significant market share due to the factors such as the presence of small- and large-scale manufacturing companies in India, China, and Japan and strict water conservation norms in the region. North America market is growing at a highest CAGR due to the rapidly growing population and urbanization, coupled with changing lifestyles, has resulted in increasing per capita power consumption.

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