PUBLISHER: The Insight Partners | PRODUCT CODE: 1206499
PUBLISHER: The Insight Partners | PRODUCT CODE: 1206499
The Middle East & Africa cooling water treatment chemical market is expected to grow from US$ 474.86 million in 2022 to US$ 644.50 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2022 to 2028 .
Cumulative Demand from Power Industry
The power industry is growing rapidly with population growth and urbanization. Increasing investment by various private companies and governments in the building and maintenance of energy infrastructure is also bolstering this industry. The power industry, including thermal and atomic plants, requires water in huge quantities. These industries frequently use seawater or lake water for cooling the heat exchange equipment. The water is reused several times and returned to its source. ~99% of the water retrieved from the source is returned, and less than 1% of the water is squandered in dissipation. Cooling water treatment chemicals are widely used in this industry to lower the dependency on freshwater resources. These chemicals are gaining attention, especially in open-recirculating, closed-loop, and once-through cooling frameworks, as they boost the heat transfer efficiency in heat-exchange equipment. The growing number of atomic energy plants across the Middle East & Africa, combined with efforts being made to maintain existing plants, would further boost the Middle East & Africa cooling water treatment chemical market in the coming years.
Middle East & Africa Cooling Water Treatment Chemical Market Overview
South Africa, Saudi Arabia, and the UAE are the major countries in the Middle East & Africa. Several domestic and international companies have a strong foothold in the Middle East & Africa. The UAE is a major market for cooling water treatment chemicals in this region, followed by Saudi Arabia. Effective manufacturing and trade policies largely contribute to the flourishment of the industrial sector in the region, which eventually supports the growth of the cooling water treatment chemicals market. Rapid industrialization, increasing population, and changing climatic conditions, along with the growing water scarcity problems, have triggered the necessity to reuse wastewater in the Middle East. The growing preference for saline water treatment to cater to the increasing demand for water in industries is further anticipated to drive the market for cooling water treatment chemicals in the Middle East during the forecast period.
Middle East & Africa Cooling Water Treatment Chemical Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Cooling Water Treatment Chemical Market Segmentation
The Middle East & Africa cooling water treatment chemical market is segmented on the basis of end use and country. Based on type, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa cooling water treatment chemical market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the market share in 2022.
Albemarle Corporation; Buckman; Chemtex Speciality Limited; Ecolab; Veolia Water Technologies SASU; and Kemira Oyj; are the leading companies operating in the Middle East & Africa cooling water treatment chemical market.