Water Treatment Chemicals Market | Future Growth Prospects
Water Treatment Chemicals Industry Overview The global water treatment chemicals market for geothermal power size was estimated at USD 8.84 million in 2023 and is projected to grow at a CAGR of 3.5% from 2024 to 2030. The growth of this market can be attributed to the rise in global demand for clean and renewable energy sources. According to IRENA, the global geothermal electricity capacity was 13,196 MW in 2018 and has reached 14,846 MW in the year 2023. The growth in utilization of scale control agents can be attributed to their ability to increase efficiency of power generation. Geothermal power plants are environmentally friendly, as they do not burn fuel to generate electricity and release 97% less sulfur compounds and 99% less carbon dioxide than similar-sized fossil fuel plants. Power plant water is often salty and contains impurities, hence it needs to be filtered before it goes to the heat exchanger. If left untreated, the mineral-rich brine can cause scaling issues. Wat...