Europe Boiler Water Treatment Chemicals Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.69 Billion |
| Market Size (2029) | USD 4.71 Billion |
| CAGR (2024 - 2029) | 4.96 % |
| Fastest Growing Market | Europe |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Boiler Water Treatment Chemicals Market Analysis
The Europe Boiler Water Treatment Chemicals Market size is estimated at USD 3.69 billion in 2024, and is expected to reach USD 4.71 billion by 2029, growing at a CAGR of 4.96% during the forecast period (2024-2029).
The COVID-19 epidemic harmed the water treatment chemicals sector. Global lockdowns and severe rules enforced by governments resulted in a catastrophic setback as most production hubs were shut down. Nonetheless, the business is recovering since 2021 and is expected to rise significantly in the coming years.
- A few of the major factors driving the consumption of boiler water treatment chemicals are the accelerating usage in power generation and processing industries and the growing popularity of blowdown liquids.
- However, the hazardous nature of hydrazine is expected to restrain the market studied during the forecast period.
- The shifting focus on the usage of green chemicals and development in chemical technology will likely provide a major growth opportunity for the market studied during the forecast period.
- Among the European countries, the United Kingdom currently accounts for the largest market share and is expected to dominate the market during the forecast period.
Europe Boiler Water Treatment Chemicals Market Trends
Power Generation To Dominate the Market
- The power generation industry controls most European boiler water treatment chemicals market. The electric power generation industry is a major producer of industrial wastewater.
- Its effluent is contaminated with dangerous metal pollutants such as lead, mercury, arsenic, chromium, and cadmium. These contaminants, if not well controlled, can cause significant environmental harm.
- Electricity is in high demand throughout Europe, particularly in Germany, France, and the United Kingdom. The power production industry's boiler water treatment chemicals consumption is projected to increase as the electricity demand continues to rise.
- According to the International Energy Agency's (IEA) monthly figures, total electricity production in Europe in February 2023 was 284.756 TWh, while total electricity production in the first two months of 2023 was more than 602 TWh.
- The IEA also showed that renewable energy produced the most power, accounting for 59.25 TWh of electricity produced in February 2023, followed by nuclear energy (53.71 TWh) and wind energy (50.78 TWh).
- According to the European Union Council, the EU produced 2,641 TWh of electricity in 2022. Nearly 40% of this was derived from renewable sources. Nuclear energy accounted for more than 20%, with fossil fuels accounting for 38.6%. Gas was the most often utilized fossil fuel to create power (19.6%), followed by coal (15.8%).
- Hence, the power generation industry will likely dominate the market during the forecast period due to the abovementioned factors.
United Kingdom to Dominate the Market
- Due to considerable demand from end-user sectors, the United Kingdom includes the highest share of the European boiler water treatment chemicals market.
- Environmental and human health protection is vitally important in the United Kingdom. Its importance resulted in effective water and wastewater treatment systems and practically all wastewater in Germany is treated to satisfy the highest European Union standards.
- The food and beverage industry, chemical manufacture, and power generation are well-established sectors in the United Kingdom that would boost the use of boiler water treatment chemicals in the future.
- According to the International Energy Agency (IEA), the total electricity production in the United Kingdom in February 2023 was about 24.19 TWh. Moreover, the total electricity production in 2022 was about 318.38 TWh in the United Kingdom.
- Moreover, the total crude steel production in the country accounted for 5.96 million tons of crude steel during the year 2022, as stated by the World Steel Association.
- According to the Office for National Statistics (United Kingdom), consumer spending on food and non-alcoholic drinks in the United Kingdom reached GBP 126.73 billion (USD 156.7 billion) in 2022, approximately 3.2% more than the previous year's consumption.
- Thus, the United Kingdom will likely dominate the European boiler water treatment chemicals market during the forecast period due to the abovementioned factors.
Europe Boiler Water Treatment Chemicals Industry Overview
The European boiler water treatment chemicals market is moderately fragmented. Some of the major players in the market include (not in any particular order) Ecolab, Suez, Kurita Water Industries Ltd, Solenis, and Kemira, among others.
Europe Boiler Water Treatment Chemicals Market Leaders
-
Ecolab
-
Suez
-
Kurita Water Industries Ltd.
-
Solenis
-
Kemira
*Disclaimer: Major Players sorted in no particular order
Europe Boiler Water Treatment Chemicals Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Demand from Power Industry
- 4.1.2 Growing Popularity of the Blowdown Liquids
- 4.1.3 Other Drivers
-
4.2 Restraints
- 4.2.1 Hazardous Nature of Hydrazine
- 4.2.2 Other Restraints
- 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 (Market Size in Value)
-
5.1 Type
- 5.1.1 Scale and Corrosion Inhibitors
- 5.1.2 Coagulants and Flocculants
- 5.1.3 pH Boosters
- 5.1.4 Oxygen Scavengers
- 5.1.5 Others
-
5.2 Chemistry
- 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 and Petrochemical
- 5.3.5 Textile and Dye Industry
- 5.3.6 Sugar Mill
- 5.3.7 Paper Mill
- 5.3.8 Food and Beverage
- 5.3.9 Institutional
- 5.3.10 Pharmaceutical
- 5.3.11 Other End-user Industries
-
5.4 Geography
- 5.4.1 Germany
- 5.4.2 United Kingdom
- 5.4.3 France
- 5.4.4 Italy
- 5.4.5 Rest of Europe
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
-
6.4 Company Profiles
- 6.4.1 Aries Chemical, Inc.
- 6.4.2 BASF SE
- 6.4.3 Buckman
- 6.4.4 Cannon Water Technology
- 6.4.5 Eastman Chemical Compnay
- 6.4.6 Ecolab
- 6.4.7 Kemira
- 6.4.8 Kurita Water Industries Ltd.
- 6.4.9 Lenntech B.V.
- 6.4.10 Solenis
- 6.4.11 Suez
- 6.4.12 Veolia Water Technologies
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Shifting Focus Towards Green Chemicals
- 7.2 Development in Chemical Technology
Europe Boiler Water Treatment Chemicals Industry Segmentation
Bolier water treatment chemicals are the softening chemicals added to the feed water to ensure the boiler systems are correctly maintained and operate optimally. The European boiler water treatment chemicals market is segmented by product type, chemistry, end-user industry, and geography. The market is segmented by product type into scale and corrosion inhibitors, coagulants and flocculants, pH boosters, oxygen scavengers, and others. The market is segmented by chemistry into basic and blended/specialty chemicals. The market is segmented by end-user industry into power generation, steel and metal industry, oil refinery, chemical and petrochemical, textile and dye industry, sugar and paper mills, food and beverages, institutional, pharmaceuticals, and other end-user industries. The report also covers the market size and forecasts for the European boiler water treatment chemicals market in 4 European countries. Each segment's market sizing and forecasts are based on revenue (USD million).
| Type | Scale and Corrosion Inhibitors |
| Coagulants and Flocculants | |
| pH Boosters | |
| Oxygen Scavengers | |
| Others | |
| Chemistry | Basic Chemicals |
| Blended/Specialty Chemicals | |
| End-user Industry | Power Generation |
| Steel and Metal Industry | |
| Oil Refinery | |
| Chemical and Petrochemical | |
| Textile and Dye Industry | |
| Sugar Mill | |
| Paper Mill | |
| Food and Beverage | |
| Institutional | |
| Pharmaceutical | |
| Other End-user Industries | |
| Geography | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Rest of Europe |
Europe Boiler Water Treatment Chemicals Market Research FAQs
How big is the Europe Boiler Water Treatment Chemicals Market?
The Europe Boiler Water Treatment Chemicals Market size is expected to reach USD 3.69 billion in 2024 and grow at a CAGR of 4.96% to reach USD 4.71 billion by 2029.
What is the current Europe Boiler Water Treatment Chemicals Market size?
In 2024, the Europe Boiler Water Treatment Chemicals Market size is expected to reach USD 3.69 billion.
Who are the key players in Europe Boiler Water Treatment Chemicals Market?
Ecolab, Suez, Kurita Water Industries Ltd., Solenis and Kemira are the major companies operating in the Europe Boiler Water Treatment Chemicals Market.
Which is the fastest growing region in Europe Boiler Water Treatment Chemicals Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Europe Boiler Water Treatment Chemicals Market?
In 2024, the Europe accounts for the largest market share in Europe Boiler Water Treatment Chemicals Market.
What years does this Europe Boiler Water Treatment Chemicals Market cover, and what was the market size in 2023?
In 2023, the Europe Boiler Water Treatment Chemicals Market size was estimated at USD 3.52 billion. The report covers the Europe Boiler Water Treatment Chemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Boiler Water Treatment Chemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Boiler Water Treatment Chemicals Industry Report
Statistics for the 2024 Europe Boiler Water Treatment Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Boiler Water Treatment Chemicals analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
