Boiler Water Treatment Chemical Market Size
| 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 |
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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 Market Trends
This section covers the major market trends shaping the Boiler Water Treatment Chemicals Market according to our research experts:
Power Industry to Dominate the Market
- Power plants utilize a large amount of water, primarily for the proper operation of turbines with the generation of heat, and are the major consumers of boiler water treatment chemicals.
- There are several ecological concerns associated with thermal based power generation. However, the ability to provide affordable, dispatchable, and secure electricity is still driving the capacity addition of new thermal based power plants across the world. This, in turn, is boosting the number of boilers that are being operated.
- The National Electricity plan announced by the Ministry of Power, New & Renewable in March 2020, the installed capacity of thermal powerplants in India is likely to increase from 230,599.77 megawatts in 2020 to 243,037 megawatts by 2022.
- As per the latest reports from the the National Energy Administration (China), in 2020, China added around 56.37 Gigawatt worth new thermal power capacity. This is the highest thermal power capacity addition for China since 2015.
- In Europe around 1 GW worth gas-fired power capacity was added in 2020. Some of the major projects included in this expansion are :
- The Stalowa Wola (450 MW) combined-cycle gas turbine plant in Poland.
- Units 4 and 5 of the Irsching gas-fired power plant in Germany.
- Hence, the power industry is likely to dominate the market during the forecast period.
Asia-Pacific to Dominate the Market
- Asia-Pacific boiler water treatment chemicals market dominated the market, owing to the high demand from emerging economies, such as India, China, Indonesia, Japan, South Korea, and Malaysia.
- The demand and market growth in the power, manufacturing and industrial sectors are increasing, which, in turn, is boosting the demand for boiler water treatment systems and chemicals.
- China continues to build thermal power plants along with solar and wind power plants. China completed the construction of an 11GW coal-fired power plant in the first half of 2020. The country also plans to build more coal and gas-fired power plants with a capacity of 53 GW in the coming years.
- As of June 2020, China has 47 operational nuclear power plants with a total installed capacity of 48.76 GW. Another 11 nuclear power units were under construction, with a total installed capacity of 11.759 GW. The growing thermal and nuclear power plants is expected to drive the market for boiler water treatment chemicals in the country during the forecast period.
- India is also among the top players in the chemical processing industries. The growing investments and with government reforms, the establishment of new industrial corridors under Make in India, and other programs, along with the aforementioned factors, are driving the market for boiler water treatment chemicals across various manufacturing industries in the country.
- As the market is stagnated in developed countries, many industries are being established in the fast-growing economies, like India and China. This is likely to boost the demand for boiler water treatment chemicals in the region.
- Currently, due to the COVID-19 outbreak, the economic activities and industrial manufacturing activities have been affected significantly in the region. However, the industrial production has returned to normal in the past few months. Hence, from the above-mentioned factors, the Asia Pacific region is expected to dominate the demand for boiler water treatment chemicals during the forecast period.
Boiler Water Treatment Chemical Industry Overview
The boiler water treatment chemical market is fragmented, with the presence of various international and local players in different regions, namely, Ecolab, Suez, Veolia, and Solenis, along with other prominent players.
Boiler Water Treatment Chemical Market Leaders
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Ecolab
-
SUEZ
-
Kurita Water Industries Ltd
-
Solenis
-
Veolia
*Disclaimer: Major Players sorted in no particular order
Boiler Water Treatment Chemical Market News
- In February 2020, Veolia Water Technologies UK acquired water and wastewater treatment specialist Biochemica Water Ltd to expand its leadership in water treatment chemicals.
- In February 2019, Kurita acquired U.S. Water Services Inc., which is involved in selling and manufacturing water treatment chemicals.
Boiler Water Treatment Chemical Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Capacity Additions and Installations in the Asia-Pacific Power Industry
- 4.1.2 Increasing Demand from the Pharmaceutical Industry
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4.2 Restraints
- 4.2.1 Lack of Awareness Regarding Boiler Water Treatment
- 4.2.2 Negative Impact of COVID-19
- 4.3 Industry Value Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Scale and Corrosion Inhibitors
- 5.1.2 Coagulants & Flocculants
- 5.1.3 pH Boosters
- 5.1.4 Oxygen Scavengers
- 5.1.5 Others
-
5.2 Application
- 5.2.1 Basic Chemicals
- 5.2.2 Blended/Specialty Chemicals
-
5.3 End-user Industry
- 5.3.1 Power Generation
- 5.3.2 Steel and Metal Industry
- 5.3.3 Oil Refinery
- 5.3.4 Chemical & Petrochemical
- 5.3.5 Textile and Dye Industry
- 5.3.6 Sugar Mill
- 5.3.7 Food and Beverage
- 5.3.8 Other End-user Industries
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5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 ASEAN Countries
- 5.4.1.6 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 France
- 5.4.3.4 Italy
- 5.4.3.5 Rest of the Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle-East & Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle-East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share(%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 AES Arabia Ltd
- 6.4.2 Buckman
- 6.4.3 ChemTreat, Inc.
- 6.4.4 Ecolab
- 6.4.5 Ion Exchange LLC
- 6.4.6 Italmatch Chemicals (BWA Water Additives)
- 6.4.7 Kurita Water Industries Ltd
- 6.4.8 Metito
- 6.4.9 Solenis
- 6.4.10 SUEZ
- 6.4.11 Thermax Global
- 6.4.12 Veolia
- 6.4.13 Wetico
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Re-emergence of Film Forming Amines for Corrosion Protection
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 | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| ASEAN Countries | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of the Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East & Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East & Africa |
Boiler Water Treatment Chemical Market Research 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.
Which is the fastest growing region in Boiler Water Treatment Chemicals Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Boiler Water Treatment Chemicals Market?
In 2024, the Asia-Pacific accounts for the largest market share in Boiler Water Treatment Chemicals Market.
What years does this Boiler Water Treatment Chemicals Market cover?
The report covers the Boiler Water Treatment Chemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Boiler Water Treatment Chemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Real Time Payments Industry Report
The report on Boiler Water Treatment Chemicals Manufacturers provides comprehensive industry information, analyzing various segments by type, application, end-user industry, and geography. The market segmentation includes scale and corrosion inhibitors, coagulants & flocculants, pH boosters, oxygen scavengers, and others. The application is divided into basic chemicals and blended/specialty chemicals. The report also highlights the key end-user industries such as power generation, steel and metal industry, oil refinery, chemical & petrochemical, textile and dye industry, sugar mill, food and beverage, and others.
The industry report offers an in-depth market analysis, focusing on market share, market size, and market trends across different regions including Asia-Pacific, North America, Europe, South America, and Middle-East & Africa. The market forecast provides insights into the future growth rate and market outlook, helping stakeholders understand the potential market value and industry size over the forecast period.
Additionally, the report includes a market review and market predictions, emphasizing the market growth and the role of market leaders in shaping the industry trends. The industry overview and industry outlook sections provide a detailed understanding of the current market scenario and future prospects. The report also includes industry statistics and market data, which are essential for making informed business decisions.
For further industry research, the report offers a report example and a report PDF for detailed study. The research companies involved in the study provide reliable and accurate market information, ensuring the credibility of the industry reports. The market segmentation and market value insights help in identifying the key areas of growth and investment opportunities within the boiler water treatment chemicals market.
