At 5.2% CAGR, the Middle East & Africa Cooling Water Treatment Chemical Market is projected to be worth US$ 644.50 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa cooling water treatment chemical market was valued at US$ 474.86 million in 2022 and is expected to reach US$ 644.50 million by 2028, registering a CAGR of 5.2% from 2022 to 2028. Cumulative demand from power industry and intensifying emphasis on water recycling and reuse are the critical factors attributed to the Middle East & Africa cooling water treatment chemical market expansion.        

Quick urbanization, rising monetary improvement, and expanding industrial activities have resulted in a tremendous demand for water across the MEA. It is crucial to maintain the hydrological cycle for ensuring a sustainable future. The four fundamental procedures used for water treatment are heater treatment, cooling treatment, and filtration. The consumption of freshwater is surging MEA due to climate change and population growth, and increased land use and energy generation, which has resulted in water scarcity, in turn, requiring prompt considerations. Additionally, rising costs of industrial water are rerouting industries’ focus on water recycling and reuse. The adoption of cooling water treatment is high among industries such as oil & gas, pulp & paper, electric power generation, and chemicals due to the high-water requirement. These industries incorporate various technologies to recycle and reuse water for industrial applications to save water. For instance, the power industry uses water softener systems to reduce water hardness for preventing scale build-up, clogging, and expense. Such practices have accelerated the use of different cooling water treatment chemicals among these industries, thereby boosting the Middle East & Africa cooling water treatment chemical market growth. This is expected to drive the market during the forecast period.

On the contrary, rolling preference for chlorine alternatives hurdles the growth of Middle East & Africa cooling water treatment chemical market. 

Based on type, the Middle East & Africa cooling water treatment chemical market is categorized into corrosion inhibitor, scale inhibitor, biocide, and others. The scale inhibitor segment held 34.5% market share in 2022, amassing US$ 163.67 million. It is projected to garner US$ 219.48 million by 2028 to expand at 5.0% CAGR during 2022–2028.

Based on end-use industry, the Middle East & Africa cooling water treatment chemical market is categorized into power industry; steel, mining & metallurgy; petrochemicals and oil & gas; food & beverage; textile; and others. The power industry segment held 34.1% market share in 2022, amassing US$ 162.08 million. It is projected to garner US$ 220.04 million by 2028 to expand at 5.2% CAGR during 2022–2028.

Based on country, the Middle East & Africa cooling water treatment chemical market has been categorized into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa.  Our regional analysis states that the Rest of Middle East & Africa captured 40.4% market share in 2022. It was assessed at US$ 191.76 million in 2022 and is likely to hit US$ 258.58 million by 2028, exhibiting a CAGR of 5.1% during the forecast period.              

Key players dominating the Middle East & Africa cooling water treatment chemical market are Albemarle Corporation; Buckman; Chemtex Speciality Limited; Ecolab; Veolia Water Technologies SASU; and Kemira Oyj among others.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com