Market Size of Cooling Water Treatment Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cooling Water Treatment Chemicals Market Analysis
The global cooling water treatment chemicals market is expected to register a CAGR of more than 6% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market is now estimated to reach pre-pandemic levels and is expected to grow steadily.
- Accelerating power industry growth is expected to drive the studied market growth during the forecast period.
- On the other hand, the increasing popularity of chlorine alternatives is anticipated to hinder the market's growth.
- Shifting focus on developing and using green chemicals is expected to act as an opportunity for market growth.
- Asia-Pacific is anticipated to witness the highest growth over the forecast period, owing to high demand from the end-user industries, such as power, steel, and food & beverage.
