Middle East & Africa Cooling Water Treatment Chemicals Market Forecast to 2030
Middle East & Africa Cooling Water Treatment Chemicals Market Forecast to 2030 – Regional Analysis – by Type (Scale Inhibitor, Corrosion Inhibitor, Biocide, and Others) and End Use (Power; Steel, Mining, and Metallurgy; Petrochemicals, Oil, and Gas; Food and Beverages; Textile; and Others)
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Description
Shifting Focus Toward Green Chemicals Bolsters Middle East & Africa Cooling Water Treatment Chemicals Market
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.
Middle East & Africa Cooling Water Treatment Chemicals 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 flourishing 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.
Cooling water treatment chemicals play a key role in industries such as power, petrochemicals, oil & gas, and food & beverages. Strict government regulations regulating the treatment of industrial and municipal wastewater trigger the demand for cooling water treatment chemicals in the Middle East & Africa. Groundwater reduction and contamination are among the major concerns faced by governments of Middle Eastern countries. As a result, they have enforced restrictions and limitations on the use of groundwater. Industrial plant setup costs are dropping in the region because governments are providing incentives to build wastewater treatment plants as a part of efforts to discourage the utilization of groundwater. Emerging technologies such as advanced oxidation processes (AOPs), membrane filtration, and UV irradiation are being used on a large scale for treating industrial water in the Middle East. Therefore, the rising installation of water treatment systems in the Middle East & Africa is propelling the demand for cooling water treatment chemicals.
Middle East & Africa Cooling Water Treatment Chemicals Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Cooling Water Treatment Chemicals Market Segmentation
The Middle East & Africa cooling water treatment chemicals market is categorized into type, end use, and country.
Based on type, the Middle East & Africa cooling water treatment chemicals market is segmented into scale inhibitor, corrosion inhibitor, biocide, and others. The scale inhibitor segment held the largest market share in 2022.
In terms of end use, the Middle East & Africa 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 the largest market share in 2022.
By country, the Middle East & Africa cooling water treatment chemicals 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 Middle East & Africa cooling water treatment chemicals market share in 2022.
Albemarle Corp, Buckman Laboratories lnternational Inc, Ecolab Inc, Kemira Oyj, Kurita Water Industries Ltd, and Veolia Water Solutions & Technologies SA are some of the leading companies operating in the Middle East & Africa cooling water treatment chemicals market.
Summary Info
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According to the Research Team’ research, the Middle East & Africa cooling water treatment chemicals market was valued at US$ 474.86 million in 2022 and is projected to reach US$ 731.58 million by 2030, registering a CAGR of 5.6% from 2022 to 2030. Growing demand from power industry and growing emphasis on water recycling and reuse are among the critical factors attributed to drive the Middle East & Africa cooling water treatment chemicals market growth.
The power industry is growing rapidly with population growth and urbanization. According to the world energy outlook 2022, global electricity demand electricity demand rises by 25-30% to 2030. Also, electrification across major end-use industries is expected to double the electricity demand by 2050. 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 world, combined with efforts being made to maintain existing plants, would further boost the use of cooling water treatment chemicals in the coming years. Thus, the continuous growth of the power generation industry, especially in developing countries is boosting the growth of the cooling water treatment chemicals market.
On the contrary, surging preference for chlorine alternatives hampers the growth of Middle East & Africa cooling water treatment chemicals market.
Based on type, the Middle East & Africa cooling water treatment chemicals market is segmented into scale inhibitor, corrosion 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$ 248.18 million by 2030 to register 5.3% CAGR during 2022-2030.
In terms of end use, the Middle East & Africa 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 34.1% share of Middle East & Africa cooling water treatment chemicals market in 2022, amassing US$ 162.08 million. It is anticipated to garner US$ 249.85 million by 2030 to expand at 5.6% CAGR during 2022-2030.
Based on country, the Middle East & Africa cooling water treatment chemicals market is 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% share of Middle East & Africa cooling water treatment chemicals market in 2022. It was assessed at US$ 191.76 million in 2022 and is likely to hit US$ 292.66 million by 2030, registering a CAGR of 5.4% during 2022-2030.
Key players operating in the Middle East & Africa cooling water treatment chemicals market are Albemarle Corp, Buckman Laboratories lnternational Inc, Ecolab Inc, Kemira Oyj, Kurita Water Industries Ltd, and Veolia Water Solutions & Technologies SA, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa cooling water treatment chemicals market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa cooling water treatment chemicals market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Cooling Water Treatment Chemicals Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
5. Middle East & Africa Cooling Water Treatment Chemicals Market – Key Market Dynamics
5.1 Cooling Water Treatment Chemicals Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Growing Demand from Power Industry
5.2.2 Growing Emphasis on Water Recycling and Reuse
5.3 Market Restraints
5.3.1 Surging Preference for Chlorine Alternatives
5.4 Market Opportunities
5.4.1 Increasing Popularity of Zero Liquid Discharge
5.5 Future Trends
5.5.1 Shifting Focus Toward Green Chemicals
5.6 Impact of Drivers and Restraints:
6. Cooling Water Treatment Chemicals Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Cooling Water Treatment Chemicals Market Revenue (US$ Million), 2022-2030
6.2 Middle East & Africa Cooling Water Treatment Chemicals Market Forecast Analysis
7. Middle East & Africa Cooling Water Treatment Chemicals Market Analysis – by Type
7.1 Scale Inhibitor
7.1.1 Overview
7.1.2 Scale Inhibitor: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Corrosion Inhibitor
7.2.1 Overview
7.2.2 Corrosion Inhibitor: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Biocide
7.3.1 Overview
7.3.2 Biocide: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
8. Middle East & Africa Cooling Water Treatment Chemicals Market Analysis – by End Use
8.1 Power
8.1.1 Overview
8.1.2 Power: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Steel, Mining, and Metallurgy
8.2.1 Overview
8.2.2 Steel, Mining, and Metallurgy: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Petrochemicals, Oil, and Gas
8.3.1 Overview
8.3.2 Petrochemicals, Oil, and Gas: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Food and Beverages
8.4.1 Overview
8.4.2 Food and Beverages: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Textile
8.5.1 Overview
8.5.2 Textile: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa Cooling Water Treatment Chemicals Market – Country Analysis
9.1 Middle East & Africa
9.1.1 Middle East & Africa Cooling Water Treatment Chemicals Market – Revenue and Forecast Analysis – by Country
9.1.1.1 Middle East & Africa Cooling Water Treatment Chemicals Market – Revenue and Forecast Analysis – by Country
9.1.1.2 South Africa: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 South Africa: Cooling Water Treatment Chemicals Market Breakdown, by Type
9.1.1.2.2 South Africa: Cooling Water Treatment Chemicals Market Breakdown, by End Use
9.1.1.3 Saudi Arabia: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Saudi Arabia: Cooling Water Treatment Chemicals Market Breakdown, by Type
9.1.1.3.2 Saudi Arabia: Cooling Water Treatment Chemicals Market Breakdown, by End Use
9.1.1.4 United Arab Emirates: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 United Arab Emirates: Cooling Water Treatment Chemicals Market Breakdown, by Type
9.1.1.4.2 United Arab Emirates: Cooling Water Treatment Chemicals Market Breakdown, by End Use
9.1.1.5 Rest of Middle East & Africa: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.5.1 Rest of Middle East & Africa: Cooling Water Treatment Chemicals Market Breakdown, by Type
9.1.1.5.2 Rest of Middle East & Africa: Cooling Water Treatment Chemicals Market Breakdown, by End Use
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Launch
12. Company Profiles
12.1 Kurita Water Industries Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Kemira Oyj
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Ecolab Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Buckman Laboratories lnternational Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Albemarle Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Veolia Water Solutions & Technologies SA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The the Reporting Teams
Table 1. Middle East & Africa Cooling Water Treatment Chemicals Market Segmentation
Table 2. Middle East & Africa Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Middle East & Africa Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 4. Middle East & Africa Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million) – by End Use
Table 5. Middle East & Africa Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 6. South Africa: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 7. South Africa: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 8. Saudi Arabia: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 9. Saudi Arabia: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 10. United Arab Emirates: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 11. United Arab Emirates: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 12. Rest of Middle East & Africa: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 13. Rest of Middle East & Africa: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 14. Heat Map Analysis by Key Players
Figure 1. Middle East & Africa Cooling Water Treatment Chemicals Market Segmentation, by Country
Figure 2. Cooling Water Treatment Chemicals Market – Porter’s Analysis
Figure 3. Ecosystem: Cooling Water Treatment Chemicals Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Middle East & Africa Cooling Water Treatment Chemicals Market Revenue (US$ Million), 2022-2030
Figure 6. Middle East & Africa Cooling Water Treatment Chemicals Market Share (%) – by Type (2022 and 2030)
Figure 7. Scale Inhibitor: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Corrosion Inhibitor: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Biocide: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Others: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Middle East & Africa Cooling Water Treatment Chemicals Market Share (%) – by End Use (2022 and 2030)
Figure 12. Power: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Steel, Mining, and Metallurgy: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Petrochemicals, Oil, and Gas: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Food and Beverages: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Textile: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Middle East & Africa Cooling Water Treatment Chemicals Market, by Key Country – Revenue (2022) (US$ Million)
Figure 19. Middle East & Africa: Cooling Water Treatment Chemicals Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 20. South Africa: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030(US$ Million)
Figure 21. Saudi Arabia: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030(US$ Million)
Figure 22. United Arab Emirates: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. Rest of Middle East & Africa: Cooling Water Treatment Chemicals Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. Company Positioning & Concentration
The List of Companies – Middle East & Africa Cooling Water Treatment Chemicals Market
1. Albemarle Corp
2. Buckman Laboratories lnternational Inc
3. Ecolab Inc
4. Kemira Oyj
5. Kurita Water Industries Ltd
6. Veolia Water Solutions & Technologies SA
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