At 5.8% CAGR, North America Cooling Water Treatment Chemicals Market is Projected to be worth US$ 4,684.58 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the North America cooling water treatment chemicals market was valued at US$ 2,978.97 million in 2022 and is projected to reach US$ 4,684.58 million by 2030, registering a CAGR of 5.8% from 2022 to 2030. Growing demand from power industry and shifting focus toward green chemicals are among the critical factors attributed to drive the North America cooling water treatment chemicals market growth.

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.

On the contrary, surging preference for chlorine alternatives hampers the growth of North America cooling water treatment chemicals market.

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 35.0% market share in 2022, amassing US$ 1,041.50 million. It is projected to garner US$ 1,607.75 million by 2030 to register 5.6% CAGR during 2022–2030.

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 32.3% share of North America cooling water treatment chemicals market in 2022, amassing US$ 962.70 million. It is anticipated to garner US$ 1,460.95 million by 2030 to expand at 5.4% CAGR during 2022–2030.

Based on country, the North America cooling water treatment chemicals market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 79.1% share of North America cooling water treatment chemicals market in 2022. It was assessed at US$ 2,354.93 million in 2022 and is likely to hit US$ 3,708.04 million by 2030, registering a CAGR of 5.8% during 2022–2030.

Key players operating in the North America cooling water treatment chemicals market are Albemarle Corp, Buckman Laboratories lnternational Inc, ChemTreat Inc, DuBois Chemicals Inc, Ecolab Inc, Kemira Oyj, Kurita Water Industries Ltd, and Veolia Water Solutions & Technologies SA, among others.

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