Asia Pacific Cooling Water Treatment Chemical Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Corrosion Inhibitor, Scale Inhibitor, Biocide, and Others) and End-Use Industry (Power Industry; Steel, Mining & Metallurgy; Petrochemicals and Oil & Gas; Food & Beverage; Textile; and Others)
The Asia Pacific cooling water treatment chemical market is expected to grow from US$ 5,009.79 million in 2022 to US$ 7,152.35 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2022 to 2028 .
Shifting Emphasis Toward Green Chemicals
The chemicals used in various industries for water treatment harm the environment to a great extent and lead to severe health hazards among people exposed to them. Industries are seeking ways to improve their operations and make them eco-friendly. Rising awareness about global warming and other environmental issues has forced several industries to shift their focus toward safer options. This has encouraged manufacturers of water treatment chemicals to innovate and develop more sustainable and reliable products. Green chemicals are extracted from vegetables and renewable feedstock, and they make use of the chemical and colloidal properties of certain plant extracts. They don’t exhibit harmful side effects on humans and are biodegradable. Green chemicals have functionality that is equivalent to synthetic ones. Thus, manufacturers providing water treatment chemicals are expanding their product lines with these green chemicals. For example, Thermax Limited, an engineering company involved in energy and the environment, offers a range of green scale and corrosion inhibitors, oxygen scavengers, and neutralizers for boiler water and cooling water treatment.
Asia Pacific Cooling Water Treatment Chemical Market Overview
Countries such as Australia, China, India, Japan, South Korea, Singapore, Taiwan, and Indonesia have diverse manufacturing sectors, including steel, mining and metallurgy, petrochemicals, oil & gas, food & beverages, and textile industries. Asia Pacific is the largest consumer of cooling water treatment chemicals, and the region is projected to witness the highest CAGR during the forecast period. Many small- and large-scale manufacturing companies have presence in India, China, and Japan. China accounted for the largest market for cooling water treatment chemicals, which can be attributed to the vast power industry in the country. The manufacturing sector in Asia Pacific is rapidly adopting the innovation accelerators such as advanced technologies and processes.
Asia Pacific Cooling Water Treatment Chemical Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Cooling Water Treatment Chemical Market Segmentation
The Asia Pacific cooling water treatment chemical market is segmented based on end use and country. Based on type, the Asia Pacific cooling water treatment chemical market is segmented into corrosion inhibitor, scale inhibitor, biocide, and others. The scale inhibitor segment held the largest market share in 2022.
Based on end-use industry, the Asia Pacific cooling water treatment chemical market is segmented into power industry; steel, mining & metallurgy; petrochemicals and oil & gas; food & beverage; textile; and others. The power industry segment held the largest market share in 2022.
Based on country, the Asia Pacific cooling water treatment chemical market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market share in 2022.
Albemarle Corporation; Buckman; Chemtex Speciality Limited; Ecolab; Veolia Water Technologies SASU; Kemira Oyj; and Kurita Water Industries Ltd. are the leading companies operating in the Asia Pacific cooling water treatment chemical market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific cooling water treatment chemical market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific cooling water treatment chemical market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific cooling water treatment chemical market, as well as those hindering it
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- 1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 APAC Cooling Water Treatment Chemicals Market – By Type
- 1.3.2 APAC Cooling Water Treatment Chemicals Market – By End-Use Industry
- 1.3.3 APAC Cooling Water Treatment Chemicals Market – By Country
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. APAC Cooling Water Treatment Chemicals Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 APAC PEST Analysis
- 4.3 Expert Opinions
- 5. APAC Cooling Water Treatment Chemicals Market – Key Industry Dynamics
- 5.1 Market Drivers
- 5.1.1 Mounting Demand from Power Industry
- 5.1.2 Upward Emphasis on Water Recycling and Reuse
- 5.2 Market Restraints
- 5.2.1 Developing Preference for Chlorine Alternatives
- 5.3 Market Opportunities
- 5.3.1 Growing Popularity of Zero Liquid Discharge
- 5.4 Future Trends
- 5.4.1 Shifting Emphasis Toward Green Chemicals
- 5.5 Impact Analysis
- 6. Cooling Water Treatment Chemicals – APAC Market Analysis
- 6.1 APAC Cooling Water Treatment Chemicals Market Forecast and Analysis
- 7. APAC Cooling Water Treatment Chemicals Market Analysis – By Type
- 7.1 Overview
- 7.2 Cooling Water Treatment Chemicals Market, By Type (2021 and 2028)
- 7.3 Scale Inhibitor
- 7.3.1 Overview
- 7.3.2 Scale Inhibitor: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
- 7.4 Corrosion Inhibitor
- 7.4.1 Overview
- 7.4.2 Corrosion Inhibitor: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
- 7.5 Biocide:
- 7.5.1 Overview
- 7.5.2 Biocide: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
- 7.6 Other Type
- 7.6.1 Overview
- 7.6.2 Other Type: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
- 8. APAC Cooling Water Treatment Chemicals Market Analysis – By End Use
- 8.1 Overview
- 8.2 Cooling Water Treatment Chemicals Market, By End Use (2021 and 2028)
- 8.3 Power
- 8.3.1 Overview
- 8.3.2 Power: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Steel, Mining, & Metallurgy
- 8.4.1 Overview
- 8.4.2 Steel, Mining, & Metallurgy: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
- 8.5 Petrochemicals, Oil, & Gas
- 8.5.1 Overview
- 8.5.2 Petrochemicals, Oil, & Gas: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
- 8.6 Food & Beverages
- 8.6.1 Overview
- 8.6.2 Food & Beverages: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2028 (US$ Million)
- 8.7 Textile
- 8.7.1 Overview
- 8.7.2 Textile: Cooling Water Treatment Chemicals Market– Revenue and Forecast to 2028 (US$ Million)
- 8.8 Other End Use
- 8.8.1 Overview
- 8.8.2 Other End Use: Cooling Water Treatment Chemicals Market– Revenue and Forecast to 2028 (US$ Million)
- 9. APAC Cooling Water Treatment Chemicals Market – by Country Analysis
- 9.1 APAC: Cooling Water Treatment Chemicals Market
- 9.1.1 Asia Pacific: Cooling Water Treatment Chemicals Market, by Key Country
- 9.1.1.1 Australia: Cooling Water Treatment Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 Australia: Cooling Water Treatment Chemicals Market, By Type
- 9.1.1.1.2 Australia: Cooling Water Treatment Chemicals Market, by End Use
- 9.1.1.2 China: Cooling Water Treatment Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 China: Cooling Water Treatment Chemicals Market, By Type
- 9.1.1.2.2 China: Cooling Water Treatment Chemicals Market, by End Use
- 9.1.1.3 India: Cooling Water Treatment Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 India: Cooling Water Treatment Chemicals Market, By Type
- 9.1.1.3.2 India: Cooling Water Treatment Chemicals Market, by End Use
- 9.1.1.4 Japan: Cooling Water Treatment Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.4.1 Japan: Cooling Water Treatment Chemicals Market, By Type
- 9.1.1.4.2 Japan: Cooling Water Treatment Chemicals Market, by End Use
- 9.1.1.5 Rest of Asia Pacific: Cooling Water Treatment Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.5.1 Rest of Asia Pacific: Cooling Water Treatment Chemicals Market, By Type
- 9.1.1.5.2 Rest of Asia Pacific: Cooling Water Treatment Chemicals Market, by End Use
- 10. Industry Landscape
- 10.1 Strategy and Business Planning
- 10.2 Product News
- 10.3 Merger and Acquisition
- 11. Company Profiles
- 11.1 Albemarle Corporation
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Buckman
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Chemtex Speciality Limited
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Ecolab
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Veolia Water Technologies SASU
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Kemira Oyj
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Kurita Water Industries Ltd
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- LIST OF TABLES
- Table 1. APAC Cooling Water Treatment Chemicals Market Revenue Forecast to 2028 (US$ Mn)
- Table 2. Australia Cooling Water Treatment Chemicals Market, By Type– Revenue and Forecast to 2028 (US$ Million)
- Table 3. Australia Cooling Water Treatment Chemicals Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
- Table 4. China Cooling Water Treatment Chemicals Market, By Type – Revenue and Forecast to 2028 (US$ Million)
- Table 5. China Cooling Water Treatment Chemicals Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
- Table 6. India Cooling Water Treatment Chemicals Market, By Type – Revenue and Forecast to 2028 (US$ Million)
- Table 7. India Cooling Water Treatment Chemicals Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
- Table 8. Japan Cooling Water Treatment Chemicals Market, By Type – Revenue and Forecast to 2028 (US$ Million)
- Table 9. Japan Cooling Water Treatment Chemicals Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
- Table 10. Rest of Asia Pacific Cooling Water Treatment Chemicals Market, By Type – Revenue and Forecast to 2028 (US$ Million)
- Table 11. Rest of Asia Pacific Cooling Water Treatment Chemicals Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
- LIST OF FIGURES
- Figure 1. APAC Cooling Water Treatment Chemicals Market Segmentation
- Figure 2. APAC Cooling Water Treatment Chemicals Market Segmentation – By Country
- Figure 3. APAC Cooling Water Treatment Chemicals Market Overview
- Figure 4. The Power Industry is The Biggest Consumer of Cooling Water Treatment Chemicals
- Figure 5. APAC Held Largest Share of Cooling Water Treatment Chemicals Market in 2018
- Figure 6. APAC – PEST Analysis
- Figure 7. APAC Expert Opinion
- Figure 8. APAC Impact Analysis of Drivers and Restraints
- Figure 9. APAC Cooling Water Treatment Chemicals Market Forecast and Analysis, 2020–2028 (US$ Mn)
- Figure 10. APAC Cooling Water Treatment Chemicals Market Revenue Share, By Type (2021 and 2028)
- Figure 11. Scale Inhibitor: APAC Cooling Water Treatment Chemicals Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 12. Corrosion Inhibitor: APAC Cooling Water Treatment Chemicals Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 13. Biocide: APAC Cooling Water Treatment Chemicals Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 14. Other Type: APAC Cooling Water Treatment Chemicals Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 15. APAC Cooling Water Treatment Chemicals Market Revenue Share, By End Use (2021 and 2028)
- Figure 16. Power: APAC Cooling Water Treatment Chemicals Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 17. Steel, Mining, & Metallurgy: APAC Cooling Water Treatment Chemicals Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 18. Petrochemicals, Oil, & Gas: APAC Cooling Water Treatment Chemicals Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 19. Food & Beverages: APAC Cooling Water Treatment Chemicals Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 20. Textile: APAC Cooling Water Treatment Chemicals Market– Revenue and Forecast To 2028 (US$ Million)
- Figure 21. Other End Use: APAC Cooling Water Treatment Chemicals Market– Revenue and Forecast To 2028 (US$ Million)
- Figure 22. APAC: Cooling Water Treatment Chemicals Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 23. Asia Pacific: Cooling Water Treatment Chemicals Market Revenue Share, by Key Country (2021 and 2028)
- Figure 24. Australia: Cooling Water Treatment Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 25. China: Cooling Water Treatment Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 26. India: Cooling Water Treatment Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 27. Japan: Cooling Water Treatment Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 28. Rest of Asia Pacific: Cooling Water Treatment Chemicals Market –Revenue and Forecast to 2028 (US$ Million)
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