Overview and Scope
Boiler water treatment chemicals extend a boiler's lifespan by reducing or removing internal corrosion and scaling. Boiler water treatment chemicals include oxygen scavengers, alkalinity boosters for preventing corrosion, and antiscalants to inhibit boiler scale buildup.
Sizing and Forecast
The boiler water treatment chemicals market size has grown rapidly in recent years. It will grow from $3.5 billion in 2023 to $3.9 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to urbanization impact, food & beverage industry requirements, expansion in refineries, industrial safety focus, water conservation concerns..
The boiler water treatment chemicals market size is expected to see rapid growth in the next few years. It will grow to $5.9 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to emphasis on sustainable practices, global manufacturing growth, rising industrial activities, expansion of power generation, increasing demand for energy.. Major trends in the forecast period include maintenance cost reduction, expansion of power generation..
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Segmentation & Regional Insights
The boiler water treatment chemicals market covered in this report is segmented –
1) By Product: Coagulants And Flocculants, Biocide And Disinfectant, Defoamer And Defoaming Agent, pH And Adjuster And Softener, Scale And Corrosion Inhibitor, Other Products
2) By Application: Basic Chemicals, Blended Or Specialty Chemicals
3) By End-User Industry: Power Generation, Steel And Metal Industry, Oil Refinery, Chemical And Petrochemical, Textile And Dye Industry, Sugar Mill, Food And Beverage, Other End-User Industries
Asia-Pacific was the largest region in the boiler water treatment chemicals market share in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the boiler water treatment chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in demand for power generation is expected to propel the growth of the boiler water treatment chemicals market going forward. Power generation installations refer to an industrial building that produces electricity using primary energy and one or more generators to transform mechanical energy into electrical energy. Chemical water treatment is essential for increasing the effectiveness of power generation in power plants and is critical for maintaining the stability of the functioning of thermal equipment. For instance, in June 2022, according to the Hydropower Status Report, published by the International Hydropower Association, a UK-based, non-profit international organization, for the global hydropower sector, at the end of 2021, installed hydroelectric capacity worldwide expanded by 1.9% to reach 1,360 GW of power generation, as compared to 2020; however, pumped storage capacity also increased by 3.3% to reach 165 GW of power in 2021, indicating the increased demand for power generation. Therefore, the increasing demand for power generation drives the boiler water treatment chemicals market.
Key Industry Players
Major companies operating in the boiler water treatment chemicals market report are Ecolab Inc., Suez SA, Kemira Oyj, Kurita Water Industries Ltd., Solenis LLC, Arkema SA, BASF SE, ChemTreat Inc., Thermax Limited, Dow Inc., Eastman Chemical Company, GE Water & Process Technologies, Henkel AG & Co. KGaA, Italmatch Chemicals SpA, King Lee Technologies, Lonza Group Ltd., Ecolab Company, Nippon Rensui Co. Ltd., SUEZ Water Technologies & Solutions, Veolia Water Technologies & Solutions, Accepta Water Treatment Ltd., Aries Chemical Inc., Buckman Laboratories International Inc., Chemtex Speciality Limited, Cortec Corporation, Luminor Environmental Inc., Nouryon Chemicals Holding B.V, Solvay SA, US Water Services Inc., Albemarle Corporation
The boiler water treatment chemicals market report table of contents includes:
- Executive Summary
- Boiler Water Treatment Chemicals Market Characteristics
- Boiler Water Treatment Chemicals Market Trends And Strategies
- Boiler Water Treatment Chemicals Market - Macro Economic Scenario
- Global Boiler Water Treatment Chemicals Market Size and Growth
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- Global Boiler Water Treatment Chemicals Market Competitive Benchmarking
- Global Boiler Water Treatment Chemicals Market Competitive Dashboard
- Key Mergers And Acquisitions In The Boiler Water Treatment Chemicals Market
- Boiler Water Treatment Chemicals Market Future Outlook and Potential Analysis
- Appendix
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Top 5 Major Key Players Are:
- Ecolab Inc.S
- uez SA
- Kemira Oyj, Kurita Water Industries Ltd
- Solenis LLC
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Global Boiler Water Treatment Chemicals Market was valued at USD 2.8 Billion in 2018 and is anticipated to reach USD 6.05 Billion by 2026, at a CAGR of 10.1%.The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.
Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments.
The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.Increasing requirement of steam and pure water from numerous end-use industry is expected to rise the boiler water treatment market during the forecast period.
Boiler water treatment involves three main factors namely corrosion protection, a continuous exchange of heat and high-quality steam production.
Growing industrialization across different economies are certain key drivers to further boost market demand globally for boiler water chemicals.Corrosion inhibitors segment of boiler water treatment chemicals market holds the largest market.
Scale inhibitor is about to show a steady demand while oxygen scavengers will gain moderate growth.
Boiler Water Treatment Chemicals market is segmented by Type, and by Application.
Players, stakeholders, and other participants in the global Boiler Water Treatment Chemicals market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2015-2026.Segment by Type, the Boiler Water Treatment Chemicals market is segmented into:Corrosion InhibitorsScale InhibitorsOxygen ScavengersOthersDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/56355/global-boiler-water-treatment-chemicals-2026-3Segment by Application, the Boiler Water Treatment Chemicals market is segmented into:PowerOil & GasChemical & PetrochemicalFood & BeveragePulp & PaperOthersRegional and Country-level Analysis:The Boiler Water Treatment Chemicals market is analysed and market size information is provided by regions (countries).The key regions covered in the Boiler Water Treatment Chemicals market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Boiler Water Treatment Chemicals Market Share Analysis:Boiler Water Treatment Chemicals market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
