Closed Circuit Water Treatment Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Closed Circuit Water Treatment Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

Closed circuit water system, also known as closed loop water system, is a way of heating or cooling water, for applications in industrial and commercial processes. As the word “closed circuit water system” denotes, the system retains same water in the system for a long period of time. The water which is employed as a primary medium and supplied to commercial, manufacturing, and industrial process activities, sometimes, gets affected by corrosion, microbes, biological fouling, deposition, etc. It is necessary that proper water conditions are maintained at all times to ensure that the closed circuit systems operate under optimum effectiveness. This is achieved by employing carefully selected closed circuit water treatment chemicals. If a proper conditions in the closed system are not maintained, then the system can start leaking, causing considerable damage.

Based on chemical type, the closed circuit water treatment chemicals market can be segmented into anti-foulants, corrosion inhibitors, anti-freeze & de-icing products, and biocides. These products provide significant operational benefits and performance improvements in closed loops and closed circuit systems, improving the efficiency of the system. Corrosion is the predominant problem in closed loops systems due to the presence of moisture. Corrosion inhibitors inhibit the corrosion process and protect the loop surface from corroding, maintaining the quality of water. The effectiveness of corrosion inhibitors depends on the chemical properties of water and physical conditions such as temperature and flow velocity inside the loop. Anti-foulants are chemicals that prevent fouling of any substance to the system surface. If fouling is not prevented, it can lead to reduced efficiency of the system. Anti-freeze & de-icing products prevent freezing or icing of water inside the closed circuit system. If the water in the system freezes or ice forms, it can led to cracks in the loops. Therefore, to prevent freezing or icing of water in the closed circuits, it is treated with anti-freeze & de-icing chemicals. Biocides are chemicals that kill the bacteria or any other microbes present in the water. It prevents any sort of organisms from entering the water.

In terms of application, the closed circuit water treatment chemicals market can be segmented into commercial, manufacturing, and industrial segments. The water is heated or cooled in a closed circuit system and supplied to these end-uses for their applications. The industrial and manufacturing segments held major share of the closed circuit water treatment chemicals market, followed by the commercial segment. Demand for treated water is high at manufacturing and industrial sites.

Asia Pacific dominates the global closed circuit water treatment chemicals market, due to the expansion of the power industry, development of infrastructure, and rise in urbanization in the region. Increase in population of China and India is estimated to boost the manufacturing and industrial segments in the two countries. Expansion of the manufacturing industry is anticipated to fuel the demand for closed circuit water treatment chemicals in developing countries such as China and India. North America is also a favorable market for closed circuit water treatment chemicals. Outlook for the market in Europe also appears positive. Demand for water treatment chemicals in Europe region is estimated to remain high, though the market in the region is likely to increase at a comparatively low growth rate during the forecast period. The global boiler water treatment chemicals market has expanded during the last few years. This is due to factors such as the requirement of fresh water by countries in Asia Pacific and Middle East and strategies adopted by industries to reduce the investment made for raw water treatment equipment installation and maintenance, with the help of closed circuit water treatment chemicals.

Key players operating in the global closed circuit water treatment chemicals market are Chemtex Speciality Limited, Accepta, Maxwell Corporation, Acuro Organics Limited, and Thermax Global
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Have query on this report?

Make an Enquiry

Success Stories

Our Clients