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Water is one of the major and most affordable universal solvents in the world. It is abundantly available worldwide and has high heat capacity. This makes it an ideal medium for heat exchange in cooling and filtration systems. Water consists of dissolved salts and minerals such as salts and oxides of calcium, magnesium, silica, carbonates, and chlorides. It also contains biological impurities such as bacteria, which gets precipitated and sticks to the walls of the water cooling equipment surfaces when encountered with heat. Heat exchange is one of the major functions of water cooling equipments. Precipitation of dissolved salts in water takes place due to the heat exchange. The precipitated minerals can cause damage (corrosion, clogging and fouling) to cooling system equipment. As water get concentrated in cooling systems it dissolves ions which may exceed the solubility of some minerals and results in scale formation in pipes, dissolved oxygen and other nutrients in water also encourage bacterial growth that can foul system surfaces and also causes diseases if not treated. Corrosion, scaling, and fouling are the major problems encountered in cooling water systems. These require proper treatment and control methods to maintain the value of the process it serves. Chemical treatment of cooling water is an integral part of many industrial processes. It is considered an important preventive maintenance. Corrosion, scaling and fouling of water cooling equipment can be effectively controlled through the chemical treatment.

Major chemicals used to treat cooling water fall under polyphosphates, chromates, nitrites, surfactants, zeolites, orthophosphates, PH regulators, biocides, and bio dispersants categories. These chemicals are injected into water cooling systems in specified doses to prevent scaling, corrosion, and growth of bacteria in water. Thus, these protect the equipment from degradation. Many industries such as power, food & beverage, steel, mining & metallurgy, oil & gas, refinery & petrochemicals, textiles & dyes and, food & beverage employ cooling water treatment chemicals. Based on chemical type, the cooling water treatment chemicals can be segmented into steel and copper based corrosion inhibitors, organic and inorganic phosphates based scaling inhibitors, oxidizing biocides, non-oxidizing biocides, bio-dispersants and others.

Corrosion and scaling accounts for major losses in cooling water systems. Various specialty chemicals are used as corrosion and scaling inhibitors. These include sodium hexa metaphosphate (SHMP), sodium tri polyphosphate (STPP), dilute phosphoric acid, monoammonium phosphate, diammonium phosphate, monopotassium phosphate, amino tri methylene phosphonate and ethylene diphosphonic acid. Biocides can be divided into non-oxidizing biocides (such as bronopol and isothiazoline) and oxidizing biocides such as (calcium hypochlorite, sodium hypochlorite, stabilized bromine, hypobromus acid, sodium bromide, and chlorine dioxide tablets).

Scale inhibitor chemicals, corrosion inhibitor chemicals, and biocides accounts for around 96% share of the global cooling water treatment chemicals market, of this, scale inhibitor and corrosion inhibitor chemicals holds more than 43% share. The cooling water chemical treatment market is expanding  primarily due to the introduction of stringent regulations on water conservation and wastewater management in industrial processes, legislations on water treatment methods, and alignment of water quality standards with the European Union (EU) directives.

Asia-Pacific is rapidly growing region of the cooling water treatment chemicals market. China, India, Thailand and Indonesia are potentially highly lucrative markets for cooling water treatment chemicals in the region. The outlook for the cooling water treatment chemicals market in Russia and Spain in Europe and the UAE in the Middle East also appears positive. Government norms are pushing the reduction of wastewater discharge and the need for fresh water for sustainable industrial development.

BASF SE, Dow Chemical, Akzo Nobel, Ecolab Inc., GE Water and Process Technologies and Kemira OYJ are the major players operating in the cooling water treatment chemicals market. Dow Chemicals and Akzo Nobel are the key suppliers of cooling water treatment chemicals. These companies account for prominent share of the cooling water treatment chemicals market. Demand for cooling water treatment chemicals is anticipated to increase across the globe due to the rapid industrialization & urbanization, strict water conservation norms, and need for more efficient industrial water treatment for safe disposal. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Cooling Water Treatment Chemicals Market