by Cloud seeding refers to the process of dispersing substances into clouds in order to induce precipitation or increase the amount of existing precipitation. The most common cloud seeding agents are silver iodide and dry ice. The need for cloud seeding is rising globally due to increasing water scarcity issues caused by climate change and growing population. Cloud seeding enhances precipitation which increases the fresh water reserves for domestic, agricultural and industrial applications.
The Global Cloud Seeding Market is estimated to be valued at US$ 154.37 Bn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the cloud seeding market are Huntsman, Lonza, Techia Corporation, TenCate, Cytec, Hexcel, Jiangdu Maida Group, Carbon Fibre Technology, Isola Group, Adeka, SGL Carbon, Gurit, Chongqing Guijie Technology, Shanghai Hunsman Material, Taixing Suning Chemical, Hengyu New Material, Natong Chemical, Kangda New Materials, Jiafu Technologh, Tianma Group.
Key opportunities in the Cloud Seeding Market Demand include increasing adoption from water-stressed developing nations in Asia Pacific and Africa. Also, growing investments by governments worldwide in cloud seeding projects to enhance water security will drive market growth.
The global cloud seeding market is expanding rapidly with rising adoption across North America, Europe, Asia Pacific, South America and Middle East & Africa. Key players are expanding their cloud seeding operations and capabilities in developing nations experiencing severe water crisis.
Market Drivers
The main driver for the growth of the Cloud Seeding Market is increasing instances of droughts and water scarcity across the globe due to climate change. As per reports, over 3.6 billion people face water scarcity for at least one month each year. Cloud seeding helps augment fresh water resources by artificially inducing rainfall which is contributing to the rising demand for cloud seeding solutions. Other drivers include growth in global population which is increasing the world’s fresh water demand and growing investments in water management projects involving cloud seeding programs.
PEST Analysis
Political: Cloud seeding activities are regulated regionally by governments. Regulations focus on mitigating risks and impacts on the environment and surrounding areas.
Economic: High demand from agriculture and water management sectors drives the market. Ongoing research on improving efficiency and reducing costs supports market growth.
Social: Cloud seeding provides economic benefits by enhancing water supplies. Public acceptance depends on perceived risks and demonstrated results. Greater certainty of impacts influences support.
Technological: Advances in materials, delivery methods, and monitoring tools help optimize cloud seeding processes. Improved understanding of cloud microphysics aids effectiveness. Data modeling assists targeting and impact assessment.
Geographical Regions
North America holds the largest share in terms of value driven by extensive cloud seeding programs across western US states. The growing intensity and unpredictability of droughts in the region sustain government investments.
The Asia Pacific region is poised for fastest growth as developing countries undertake large-scale cloud seeding to increase water security. China leads initiatives across provinces for agriculture and flood control. Implementation expands in India and Southeast Asian markets.
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
