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India Cooling Water Treatment Chemicals Market Size (2024 - 2029)

The cooling water treatment chemicals market in India is anticipated to experience significant growth, driven primarily by the power industry's demand. Despite the challenge posed by the rising preference for chlorine alternatives, the power sector remains the dominant force in terms of market share. The increasing emphasis on green chemicals presents a promising opportunity for future expansion. Among the various product types, corrosion inhibitors are projected to maintain the largest market share throughout the forecast period.

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Market Size of India Cooling Water Treatment Chemicals Industry

India Cooling Water Treatment Chemicals Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 8.00 %

Major Players

India Cooling Water Treatment Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Cooling Water Treatment Chemicals Market Analysis

The market for cooling water treatment chemicals in India is expected to grow at a CAGR of above 8% during the forecast period. Increasing demand from the power industry is a major driving factor for the market studied. However, the increasing popularity for chlorine alternatives is restraining the demand for water treatment chemicals in the country.

  • Among the end-user industries, power sector accounts for the largest market share and is likely to dominate the market during the forecast period.
  • Shifting Focus toward the Usage of Green Chemicals is expected to provide a major growth opportunity to the market studied in the future.
  • Among the product types, corrosion inhibitors are expected to account for the highest market share and is likely to dominate the market during the forecast period.

India Cooling Water Treatment Chemicals Industry Segmentation

India Cooling water treatment chemicals market report includes:

Product Type
Corrosion Inhibitors
Scale Inhibitors
Biocides
Others
End-user Industry
Power
Steel, Mining, & Metallurgy
Petrochemicals and oil & gas
Food & Beverage
Textiles & Dyes
Others
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India Cooling Water Treatment Chemicals Market Size Summary

The cooling water treatment chemicals market in India is poised for significant growth, driven primarily by the increasing demand from the power industry. This sector holds the largest market share and is expected to continue its dominance throughout the forecast period. The market is characterized by a shift towards the use of green chemicals, which presents substantial growth opportunities. Corrosion inhibitors emerge as the most significant product type, playing a crucial role in enhancing the efficiency of cooling water systems by improving heat transfer and reducing maintenance downtime. These inhibitors are essential for protecting metals in various industrial applications, particularly in the power, steel, and mining sectors.

India's position as the second-largest oil refiner in the Asia-Pacific region, coupled with its growing population and technological advancements, is expected to drive increased power generation and, consequently, the demand for cooling water treatment chemicals. The power sector's reliance on both conventional and non-conventional energy sources necessitates efficient cooling systems, further boosting the market. The market landscape is moderately fragmented, with key players like Suez, Ecolab, Solenis, Chemtex Specialty Limited, and Kemira holding a relatively small share. This competitive environment underscores the dynamic nature of the market, as it adapts to the evolving needs of its primary end-users.

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India Cooling Water Treatment Chemicals Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing demand from the power industry

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Increasing popularity for chlorine alternatives

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Corrosion Inhibitors

      2. 2.1.2 Scale Inhibitors

      3. 2.1.3 Biocides

      4. 2.1.4 Others

    2. 2.2 End-user Industry

      1. 2.2.1 Power

      2. 2.2.2 Steel, Mining, & Metallurgy

      3. 2.2.3 Petrochemicals and oil & gas

      4. 2.2.4 Food & Beverage

      5. 2.2.5 Textiles & Dyes

      6. 2.2.6 Others

India Cooling Water Treatment Chemicals Market Size FAQs

The India Cooling Water Treatment Chemicals Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)

Suez, Ecolab, Solenis, Kemira and Chemtex Specialty Limited are the major companies operating in the India Cooling Water Treatment Chemicals Market.

India Cooling Water Treatment Chemicals Report Snapshots

India Cooling Water Treatment Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)