Boiler Water Treatment Chemicals Market Size (2024 - 2029)

The boiler water treatment chemicals market is projected to experience significant growth, driven by increased capacity additions and installations in the Asia-Pacific power industry. Despite the potential restraint posed by a lack of awareness about boiler water treatment, the market is poised for expansion, particularly with the re-emergence of film-forming amines for corrosion protection presenting a promising opportunity. The Asia-Pacific region is anticipated to lead in terms of growth rate during the forecast period.

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Market Size of Boiler Water Treatment Chemicals Industry

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Boiler Water Treatment Chemicals Market Summary
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

Boiler Water Treatment Chemicals Market 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 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
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle-East & Africa
Saudi Arabia
South Africa
Rest of Middle-East & Africa
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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.

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Boiler Water Treatment Chemicals Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Capacity Additions and Installations in the Asia-Pacific Power Industry

      2. 1.1.2 Increasing Demand from the Pharmaceutical Industry

    2. 1.2 Restraints

      1. 1.2.1 Lack of Awareness Regarding Boiler Water Treatment

      2. 1.2.2 Negative Impact of COVID-19

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Scale and Corrosion Inhibitors

      2. 2.1.2 Coagulants & Flocculants

      3. 2.1.3 pH Boosters

      4. 2.1.4 Oxygen Scavengers

      5. 2.1.5 Others

    2. 2.2 Application

      1. 2.2.1 Basic Chemicals

      2. 2.2.2 Blended/Specialty Chemicals

    3. 2.3 End-user Industry

      1. 2.3.1 Power Generation

      2. 2.3.2 Steel and Metal Industry

      3. 2.3.3 Oil Refinery

      4. 2.3.4 Chemical & Petrochemical

      5. 2.3.5 Textile and Dye Industry

      6. 2.3.6 Sugar Mill

      7. 2.3.7 Food and Beverage

      8. 2.3.8 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 ASEAN Countries

        6. 2.4.1.6 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of the Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East & Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East & Africa

Boiler Water Treatment Chemicals Market Size FAQs

The Boiler Water Treatment Chemicals Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Ecolab, SUEZ, Kurita Water Industries Ltd, Solenis and Veolia are the major companies operating in the Boiler Water Treatment Chemicals Market.

Boiler Water Treatment Chemical Market Report Snapshots

Boiler Water Treatment Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)