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Growth and direction of the Boiler Water Treatment Chemical industry are determined by forces that evolve rapidly. One main aspect of such forces is the relationship between supply and demand which form core market dynamics herein. As a result of this, boiler water treatment chemicals which are necessary for checking scale buildup plus corrosion so as to preserve boilers’ efficiency and lifespan face uncertain demand due to industrial activity, energy use or even changes in legislation regarding pollution among others. Consequently, awareness of these supply chain shifts is essential for concerned firms when crafting business plans that take into account changing needs arising from varying economic segments.
Water streams produced during oil production contain significant amount of varying quality waters. In order to manage produced or wastewater, oil & gas industry extensively uses boiler systems. The recent surge in the oil and gas sector has dramatically increased demand for boiler water treatment chemicals, a trend expected to continue in future. Because production companies strive hard towards reduction on water consumption as well as recycling of produced water, there is a growth in the market for boiler water treatment chemicals. Furthermore, depletion of crude oil reserves in major OPEC countries like Saudi Arabia and Indonesia has led to higher capital expenditures on exploration and production (E&P) thereby contributing to the increased uptake of boiler water treatment chemicals.
However, technological advancements are significant contributors that shape the Boiler Water Treatment Chemical market dynamics. Continuous research into chemical formulations as well as innovations on monitoring technologies and water treatment processes have resulted into better, environmentally friendly boiler water treatments. These developments not only enhance effectiveness of the chemicals used for treating boilers but also impact competitiveness of markets where manufacturers strive to offer products that correspond to safer and more economical choices requested by customers.
The Boiler Water Treatment Chemical market dynamics are closely associated with end-user industry trends, particularly in such industries as power generation, manufacturing and chemical processing. Power generation sector demand for efficient and reliable boiler systems drive the use of water treatment chemicals to mitigate corrosion, scaling etc. Similarly, in manufacturing as well as chemical processing where boilers form an integral part of various processes, effective water treatment becomes essential. Therefore understanding these industrial specific trends is important for market participants who seek to match their offerings with changing requirements of diversified end-users.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Type, conditioning method, end-use industry, and region. |
Boiler Water Treatment Chemical Market Highlights:
Boiler Water Treatment Chemical Market Overview
Boiler Water Treatment Chemical Market Size was valued at USD 4.75 billion in 2023. The Boiler Water Treatment Chemical industry is projected to grow from USD 5.26 billion in 2024 to USD 11.95 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.80% during the forecast period (2024 - 2032). To treat boiler water in power plants, boiler water treatment chemicals are used. These chemicals are mixed into the boiler water to remove impurities. This aids in the prevention of corrosion and other problems in boilers. Two compounds that are used to scavenge oxygen in order to maintain proper boiler water qualities are sodium sulfite and hydrazine. They contain a variety of polyphosphate and organic compounds that are used in feed-water systems to reduce scale and corrosion.
Because of deteriorating water quality and aging infrastructure, the global market for boiler water treatment chemicals is expanding over time. With rapid industrialization and increasing demand for power generation, ensuring economical, secure, and efficient electricity delivery has become a challenge. As a result, treating feed water is highly recommended in order to keep the boiler running efficiently. Another factor driving the high demand for boiler water treatment chemicals is the expanding food, beverage, and textile industries.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Global Boiler Water Treatment Chemicals Market, by Application (%)
Source: MRFR Analysis
Regional Analysis
The global boiler water treatment chemicals market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa.
The market in Asia-Pacific dominated the global boiler water treatment chemicals market in 2023 due to the high demand for power generation in the region. Rapid industrialization in emerging economies such as China and India is expected to drive the demand for these chemicals.
North America accounted for the second-largest market share in 2023 on account of the high demand for boiler water treatment chemicals in the food and beverage and textiles industries.
The European market is expected to grow at a significant rate due to the growing textiles and clothing sector in the region.
The Latin American market is projected to witness considerable growth due to the growing textile industry in Peru, Brazil, Mexico, and Colombia.
The market in the Middle East & Africa is also likely to grow due to the presence of abundant oil and natural gas reserves in the region.
Segmentation
The global boiler water treatment chemicals market has been segmented on the basis of type, conditioning method, end-use industry, and region.
Based on type, the global boiler water treatment chemicals market has been segmented into oxygen scavengers, sludge conditioners, alkalinity builders, multifunctional, scale inhibitors, anti-foaming agents, sequestering agents, and others.
Based on conditioning method, the market has been classified into external (pre-treatment) and internal (post-treatment).
By end-use industry, the market has been segmented into power, oil and gas, chemicals and petrochemicals, food and beverage, paper and pulp, textiles and dyes, and others.
Key Players
Some of the manufacturers operating in the global boiler water treatment chemicals market are BASF SE (Germany), Akzo Nobel N.V. (Netherlands), DowDuPont (U.S.), Ecolab (U.S.), Kemira OYJ (Finland), Suez (France), King Lee Technologies (U.S.), Lennetch BV (Netherlands), Bond Water Technologies, Inc. (U.S.), ChemTreat (U.S.), Wilh. Wilhelmsen Holding ASA (Norway), Kurita Water Industries Ltd. (Japan), and Arkema (France).
Recent Development
H2O Innovation is the newest associate member of the Renewable Fuels Association. H2O Innovation has been a leading supplier of water treatment equipment, chemicals, consumables, and on-site services to biofuel producers in the United States and Canada since its inception. H2O innovation can tailor a solution specifically for any site and application, whether it is for boiler or feed tower cooling, cooling tower bypass filtration, wastewater treatment, or the production of USP Grade ethanol for hand sanitizer.
Recently, the City of Mississauga in Canada enlisted the services of Boiler Treatment, a leading service provider for wastewater and water treatment, for the planning and execution of chemical water treatment for its boilers and HVAC systems. Through a high-level diagnosis of each HVAC system, the City of Mississauga analyses the benefits of BTI boiler treatment. BTI has improved its reporting capabilities by launching an interactive website that offers real-time and on-demand data with a single click.
Intended Audience
- Boiler water treatment chemicals manufacturers
- Traders and distributors of boiler water treatment chemicals
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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