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The Boiler Water Treatment Chemical market is influenced by different factors that collectively shape its dynamics. One of the main drivers behind the rise of the Boiler Water Treatment Chemical market is due to boilers extensively used in industries for steam generation. A boiler water treatment chemical has an important role in maintaining the efficiency and longevity of a boiler by preventing scale formation, corrosion, and microbiological growth. As industries expand and modernize, there is a need for more boiler water treatment chemicals to be produced to optimize performance while ensuring energy efficiency and reducing downtime.
The global market for boiler water treatment chemicals has shown amazing yearly growth mainly driven by increasing demand from power generation industry. There has been a huge demand in this market as result of increased power consumption caused by global industrialization and economic growths. The large amount of electricity consumed by industrial processes, particularly food processing high pressure boilers such as cleaning, distillation process, fermentation among others highly contribute to this market. Similarly, Textile Industry which relies heavily on boilers for its material processing also plays a significant role in driving market demand.
Boiler Water Treatment Chemicals’ demand is determined by economic aspects. Economic development, industrial activities and infrastructure developments fuel increased installation of boilers. Power generation sector where major users include manufacturing companies and chemical processing industries drive the need for chemical water treatments protecting their boiler systems. Conversely during economic recessions industrial activities slow down leading to reduced capital expenditures which then affects demand for water treatment chemicals meant for boilers.
Raw material costs and availability are crucial determinants affecting Boiler Water Treatment Chemical Market. The critical components required in making these chemicals such as biocides polymers phosphates etc are subjected to price fluctuations in markets hence subjecting it to boom or recession periods. Cost implications can affect the manufacture cost per unit hence changes in prices may affect production costing economic instability within job markets have great impact on supply chains of these products thus causing variations on what consumers pay. Monitoring of these factors by boiler water treatment manufacturers ensures that there is a consistent supply chain and competitive pricing.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | (2022-2030 |
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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