The North America cooling water treatment chemicals market was valued at US$ 2.97 billion in 2022 and is expected to reach US$ 4.68 billion by 2030; it is estimated to register a CAGR of 5.8% from 2022 to 2030.
The water is reused several times and returned to its source. ~99% of the water retrieved from the source is returned, and less than 1% of the water is squandered in dissipation. Cooling water treatment chemicals are widely used in this industry to lower the dependency on freshwater resources. These chemicals are gaining attention, especially in open-recirculating, closed-loop, and once-through cooling frameworks, as they boost the heat transfer efficiency in heat-exchange equipment. The growing number of atomic energy plants across the world, combined with efforts being made to maintain existing plants, would further boost the use of cooling water treatment chemicals in the coming years.
This has driven the proliferation of the power generation industries, in turn, propelling the demand for cooling water treatment chemicals in this industry, in efforts to reuse water. Further, tighter restrictions monitoring the quality of treated wastewater would support the market growth in the region in the coming years. Major companies in the cooling water treatment chemicals market in North America include Accepta Ltd, Albemarle Corp, and Buckman Laboratories lnternational Inc.
Growing Demand from Power Industry Fuels North America Cooling Water Treatment Chemicals Market
The power industry is growing rapidly with population growth and urbanization. According to the world energy outlook 2022, global electricity demand electricity demand rises by 25-30% to 2030. Also, electrification across major end-use industries is expected to double the electricity demand by 2050. Increasing investment by various private companies and governments in the building and maintenance of energy infrastructure is also bolstering this industry. The power industry, including thermal and atomic plants, requires water in huge quantities. These industries frequently use seawater or lake water for cooling the heat exchange equipment.The water is reused several times and returned to its source. ~99% of the water retrieved from the source is returned, and less than 1% of the water is squandered in dissipation. Cooling water treatment chemicals are widely used in this industry to lower the dependency on freshwater resources. These chemicals are gaining attention, especially in open-recirculating, closed-loop, and once-through cooling frameworks, as they boost the heat transfer efficiency in heat-exchange equipment. The growing number of atomic energy plants across the world, combined with efforts being made to maintain existing plants, would further boost the use of cooling water treatment chemicals in the coming years.
North America Cooling Water Treatment Chemicals Market Overview
The cooling water treatment market in North America is segmented into the US, Canada, and Mexico. Several domestic and international enterprises have a strong foothold in North American countries. The US is a major market for cooling water treatment chemicals, followed by Canada and Mexico, respectively. The major factors driving the cooling water treatment market in North America include the stringent regulatory requirements to control wastewater disposal from industrial sources and the growing demand for these chemicals from the power industry. Clean water is an essential component for electricity generation. The rapidly growing population and urbanization, coupled with changing lifestyles, have triggered the per capita power consumption.This has driven the proliferation of the power generation industries, in turn, propelling the demand for cooling water treatment chemicals in this industry, in efforts to reuse water. Further, tighter restrictions monitoring the quality of treated wastewater would support the market growth in the region in the coming years. Major companies in the cooling water treatment chemicals market in North America include Accepta Ltd, Albemarle Corp, and Buckman Laboratories lnternational Inc.
North America Cooling Water Treatment Chemicals Market Segmentation
The North America cooling water treatment chemicals market is categorized into type, end use, and country.- Based on type, the North America cooling water treatment chemicals market is segmented into scale inhibitor, corrosion inhibitor, biocide, and others. The scale inhibitor segment held the largest market share in 2022.
- In terms of end use, the North America cooling water treatment chemicals market is segmented into power; steel, mining, and metallurgy; petrochemicals, oil, and gas; food and beverages; textile; and others. The power segment held the largest market share in 2022.
- By country, the North America cooling water treatment chemicals market is segmented into the US, Canada, and Mexico. The US dominated the North America cooling water treatment chemicals market share in 2022.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. North America Cooling Water Treatment Chemicals Market Landscape
5. North America Cooling Water Treatment Chemicals Market - Key Market Dynamics
6. Cooling Water Treatment Chemicals Market - North America Market Analysis
7. North America Cooling Water Treatment Chemicals Market Analysis - by Type
8. North America Cooling Water Treatment Chemicals Market Analysis - by End Use
9. North America Cooling Water Treatment Chemicals Market - Country Analysis
10. Competitive Landscape
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
- Albemarle Corp
- Buckman Laboratories lnternational Inc
- ChemTreat Inc
- DuBois Chemicals Inc
- Ecolab Inc
- Kemira Oyj
- Kurita Water Industries Ltd
- Veolia Water Solutions & Technologies SA
