Market Size of Boiler Water Treatment Chemicals Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia-Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Boiler Water Treatment Chemical Market Analysis
The market for boiler water treatment chemicals is expected to register a CAGR of more than 6%, during the forecast period. The key drivers of the market are increasing capacity additions and installations in the Asia-Pacific power industry.
- On the other hand, a lack of awareness regarding boiler water treatment is expected to act as a restraint to the market studied in the forecast period(2022-2027).
- Re-emergence of film-forming amines for corrosion protection is anticipated to act as a key market opportunity to grow in the future post forecast period.
- In terms of regional segmentation, Asia-Pacific is expected to account for the highest growth rate, during 2022-2027.
Boiler Water Treatment Chemical Industry Segmentation
The boiler water treatment market is segmented by Type, Application, and End-user Industry. By Type, the market is segmented by Scale and Corrosion Inhibitors, Coagulants & Flocculants, pH Boosters, Oxygen Scavengers, and others, in terms of Application, the segmentation includes Basic Chemicals and Blended/Specialty Chemicals, and by End-user Industry the market is segmented as Power Generation, Steel and Metal Industry, Oil Refinery, Chemical & Petrochemical, Textile and Dye Industry, Sugar Mill, Food and Beverage, and Other End-user Industries. The report also covers the market size and forecasts for the boiler water treatment market in 16 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).
Type | |
Scale and Corrosion Inhibitors | |
Coagulants & Flocculants | |
pH Boosters | |
Oxygen Scavengers | |
Others |
Application | |
Basic Chemicals | |
Blended/Specialty Chemicals |
End-user Industry | |
Power Generation | |
Steel and Metal Industry | |
Oil Refinery | |
Chemical & Petrochemical | |
Textile and Dye Industry | |
Sugar Mill | |
Food and Beverage | |
Other End-user Industries |
Geography | ||||||||
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Boiler Water Treatment Chemicals Market Size Summary
The boiler water treatment chemicals market is poised for significant growth, driven primarily by the increasing capacity additions and installations within the Asia-Pacific power industry. This sector is a major consumer of these chemicals, as power plants require substantial amounts of water for turbine operation and heat generation. Despite ecological concerns associated with thermal power generation, the demand for affordable and secure electricity continues to spur the development of new thermal power plants globally, thereby boosting the market for boiler water treatment chemicals. The Asia-Pacific region, in particular, is expected to experience the highest growth rate, fueled by emerging economies such as India and China, where industrial and power sector expansions are underway.
The market landscape is characterized by a mix of international and local players, including prominent companies like Ecolab, Suez, Veolia, and Solenis. Strategic acquisitions, such as Veolia's acquisition of Biochemica Water Ltd and Kurita's acquisition of U.S. Water Services Inc., highlight the competitive and fragmented nature of the market. While the lack of awareness regarding boiler water treatment poses a challenge, the re-emergence of film-forming amines for corrosion protection presents a promising opportunity for future growth. Despite temporary disruptions due to the COVID-19 pandemic, industrial production in the Asia-Pacific region has rebounded, reinforcing the region's dominance in the boiler water treatment chemicals market during the forecast period.
Boiler Water Treatment Chemicals Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Capacity Additions and Installations in the Asia-Pacific Power Industry
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1.1.2 Increasing Demand from the Pharmaceutical Industry
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1.2 Restraints
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1.2.1 Lack of Awareness Regarding Boiler Water Treatment
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1.2.2 Negative Impact of COVID-19
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Scale and Corrosion Inhibitors
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2.1.2 Coagulants & Flocculants
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2.1.3 pH Boosters
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2.1.4 Oxygen Scavengers
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2.1.5 Others
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2.2 Application
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2.2.1 Basic Chemicals
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2.2.2 Blended/Specialty Chemicals
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2.3 End-user Industry
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2.3.1 Power Generation
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2.3.2 Steel and Metal Industry
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2.3.3 Oil Refinery
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2.3.4 Chemical & Petrochemical
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2.3.5 Textile and Dye Industry
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2.3.6 Sugar Mill
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2.3.7 Food and Beverage
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2.3.8 Other End-user Industries
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 ASEAN Countries
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2.4.1.6 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 France
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2.4.3.4 Italy
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2.4.3.5 Rest of the Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East & Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East & Africa
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Boiler Water Treatment Chemicals Market Size FAQs
What is the current Boiler Water Treatment Chemicals Market size?
The Boiler Water Treatment Chemicals Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Boiler Water Treatment Chemicals Market?
Ecolab, SUEZ, Kurita Water Industries Ltd, Solenis and Veolia are the major companies operating in the Boiler Water Treatment Chemicals Market.