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Pulished Date May, 2021
ID: 11561
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Boiler Water Treatment Chemicals Market - By Type (Corrosion Inhibitors, Scale Inhibitors, Oxygen Scavengers, others), By End-User (Power, Oil and Gas, Chemical and Petrochemical, Food and Beverage, Pulp and Paper, others) & By Region - 2021 to 2026

Pulished: May, 2021
ID: 11561
Pages: 175

Boiler Water Treatment Chemicals Market Size (2021 - 2026)

The Boiler Water Treatment Chemicals Market size is expected to grow from $ 4.44 billion in 2021 to $ 5.35 billion in 2026, with a CAGR of 12.1% during the forecast period.

Boiler water is raw water that is used in boilers to produce steam. It is a liquid phase of vapor inside the boiler. The term is also used for treated boiler feed water, or the steam condensate that is returned to a boiler, or the boiler bleed that is removed from a boiler. Boiler water treatment is the protection of the boiler water from corrosion and other impurities. Boiler water treatment and conditioning is carried out for continuous heat exchange, corrosion protection and high-quality steam production. Boiler water treatment chemicals are added to the system to make the system efficient, safe and reliable. Steam generation and heat transfer in any system can affect the cost of fuel and the expense of system maintenance. The chemicals in boiler water treatment are used to maintain corrosion and deposit problems.

Power plants use a large amount of water, mainly for the proper functioning of turbines with the generation of heat, and are the main consumers of chemicals for the treatment of boiler water. Malaysia has several thermal power plants under construction. Progress of the project at the right pace is expected to boost the boiler water treatment chemicals market during the forecast period. In China, the number of nuclear power plants has increased. Currently, more than 35 nuclear power plants are operating in the region, of which around 20 are currently under construction. These new plants are expected to increase nuclear power generation capacity by 80% by 2021-2026.

The United States government is considering a series of new reactor installations to increase nuclear power production. Hence, the energy industry is likely to dominate the market during the forecast period. Power plants use a large amount of water, mainly for the proper functioning of turbines with the generation of heat, and are the main consumers of chemicals for the treatment of boiler water. Malaysia has several thermal power plants under construction. Progress of the project at the right pace is expected to boost the boiler water treatment chemicals market during the forecast period. In China, the number of nuclear power plants has increased. Currently, more than 35 nuclear power plants are operating in the region, of which around 20 are currently under construction. The United States government is considering a series of new reactor installations to increase nuclear power production.  Hence, the energy industry is likely to dominate the market during the forecast period

Recent Developments

  • In January 2019, Solenis launched the merger with BASF SE's water and paper chemicals business. The merged company will begin operating under the Solenis brand and will be able to provide expanded levels of chemical solutions to various industrial users.

  • In October 2017, WaterBridge Ventures launched  the acquisition of Arkoma Water Resources, LLC. This acquisition significantly expands WaterBridge's operational capabilities and complements WaterBridge's existing product portfolio for the treatment of water bodies such as produced water, transmission pipelines, water supply and SWD infrastructure operations. .

  • In August 2016, Kurita launched the TELEMAC® NEO water treatment service offering which minimizes energy losses from the boiler.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021-2026

CAGR

12.1%

Segments Covered

By Type, Material, Deliver & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

AkzoNobel, BASF SE, The Dow Chemical Company, Kemira Oyj, Chemtex Specialty Limited, Ecolab Inc., Veolia International, Hermax Limited and GE Water, Process Technologies, Avista Technologies Inc.

Boiler Water Treatment Chemicals Market Drivers

Degrading water quality and aging infrastructure are the likely factors driving the growth of the boiler water treatment chemicals market during the forecast period. The main drivers of the market are a growing capacity and the additions of facilities in the energy sector in Asia-Pacific. Lower costs for pretreatment equipment and heat exchangers are also expected to stimulate demand for chemicals for boiler water treatment. Chemicals are added to improve the reliability, safety and efficiency of the system. Chemical treatment is carried out only after the removal of physical and mechanical impurities. Increasing industrialization in different economies are some of the key factors to further stimulate the global market demand for boiler water chemicals. In addition, the increasing demand for power generation will increase the need for boiler technology, further stimulating the growth in market demand for boiler water treatment chemicals. Strong demand from developing region due to growth of energy industry; This factor is expected to drive the market growth.

The declining water quality globally is expected to drive the market growth. Falling costs of pre-treatment equipment and heat exchangers are expected to drive the market growth. The demand for boiler water treatment chemicals will increase due to factors such as the increasing demand for boilers in commercial and manufacturing applications. In addition, the growing demand for power generation will increase the need for boiler technology, further stimulating the growth in market demand for boiler water treatment chemicals.

Boiler Water Treatment Chemicals Market Restraints

Lack of Knowledge on Boiler Water Treatment Benefits and Awareness This factor is expected to slow the market growth. Concerns about the use of certain chemicals such as "hydrazine" and other alternatives due to their toxic nature; This factor is expected to slow the growth of the market. Deposit formation occurs due to the non-volatile nature of some chemicals which can hamper the boiler water treatment chemicals market.

Opportunities in the Boiler Water Treatment Chemicals Market

The growing adoption rate in Asia-Pacific and Middle East will likely provide opportunities for market growth in the future.

Challenges in the Boiler Water Treatment Chemicals Market

Deposit formation occurs due to the non-volatile nature of some chemicals which can challenge the boiler water treatment chemicals market.

Boiler Water Treatment Chemicals Market Segmentation

Boiler Water Treatment Chemicals Market - By Type

  • Corrosion Inhibitors
  • Scale Inhibitors
  • Oxygen Scavengers
  • Others

Oxygen scavenger segment occupied a significant share of the global boiler water treatment chemicals market size in 2020 due to its predominant use in the removal of residual oxygen from water in the boiler. power and its superior corrosion resistance. The oxygen sensor segment is followed by the scale inhibitor segment due to its wide application to prevent fouling and reduce fouling related damage. Oxygen sensors segment holds a large share of the market, as oxygen sensors are used to remove residual oxygen from boiler feed water to protect boiler and control tank corrosion. supply and condensate return lines.

Boiler Water Treatment Chemicals Market - By End-User  

  • Power
  • Oil and Gas
  • Chemical and Petrochemical
  • Food and Beverage
  • Pulp and Paper
  • Others

The energy industry is a large consumer of chemicals for the treatment of boiler water, as the steam produced by the boiler is mainly used for the production of electricity. The energy segment is followed by steel and metals, petrochemicals, food and beverage, and petroleum refineries. These segments are expected to grow at a rapid pace in the coming years.

Boiler Water Treatment Chemicals Market - By Region

  • North America 

  • Europe 

  • Asia Pacific

  • Latin America 

  • Middle East & Africa 

The Asia-Pacific region is anticipated to be the largest market for boiler water treatment chemicals through the forecast period. A large industrial base and increasing demand for energy are the factors that are expected to drive the growth of the Asia-Pacific boiler water treatment chemicals market between 2021 and 2026. In addition, government initiatives and policies are also expected to drive growth. Attract investment from various international companies for the growth of the Asia-Pacific boiler water treatment chemicals market during the forecast period. Asia-Pacific dominates the global boiler water treatment chemicals market, driven by growth in the energy industry, infrastructure development and increasing urbanization in the region. Rising populations in China and India are expected to boost the construction industry in both countries.

The growth of the construction sector is expected to stimulate the demand for chemicals for boiler water treatment in developing countries such as China and India. The market outlook in Europe also looks positive. The demand for boiler water treatment chemicals in the region is estimated to remain high, although the region's market is likely to develop at a relatively low growth rate during the forecast period. Boiler water treatment chemicals are widely used in developed countries such as Germany, France and the United Kingdom. The market for boiler water treatment chemicals in GCC, Saudi Arabia and South Africa is growing rapidly. This is expected to increase the market in the Middle East and Africa. The global market for boiler water treatment chemicals has grown in recent years. This growth is driven by factors such as the freshwater needs of countries in the Asia-Pacific and Middle East region and the strategies adopted by manufacturers to reduce investments made in the installation and maintenance of water treatment equipment. water Raw, with the aid of boiler water treatment chemicals.

North America held the leading market share of over 25% in 2020. The technological advancement of hydraulic fracturing has led to increased production from unconventional sources, including shale gas and petroleum. compact in North Dakota and parts of West Texas in North America. This has resulted in increased penetration of water treatment facilities in the upstream oil and gas industry which is expected to have a large positive impact on the market during the forecast period.

The United States is expected to advance at a CAGR of 2.6% during the forecast period. This growth can be attributed to strict government regulations to monitor wastewater disposal and production. The growing demand for process chemicals from the US energy industry to treat their wastewater is expected to positively impact the growth of the boiler water treatment chemicals market.

COVID-19 impact on Boiler Water Treatment Chemicals Market:

India's energy sector has been going through a difficult period since 2018, with declining industrial activity which has led to reduced demand for energy. The novel corona virus disease COVID-19 has worsened the situation not only in India but around the world, heralding its loss to the global economy.

Boiler Water Treatment Chemicals Market Key Players:

  1. AkzoNobel

  2. BASF SE

  3. The Dow Chemical Company

  4. Kemira Oyj

  5. Chemtex Specialty Limited

  6. Ecolab Inc.

  7. Veolia International

  8. Hermax Limited and GE Water

  9. Process Technologies

  10. Avista Technologies Inc.

1. Introduction                                   

            1.1 Market Definition            

            1.2 Scope of the report                      

            1.3 Study Assumptions                       

            1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                              

            2.1 Analysis Design                

            2.2 Research Phases              

                        2.2.1 Secondary Research     

                        2.2.2 Primary Research          

                        2.2.3 Data Modelling 

                        2.2.4 Expert Validation          

            2.3 Study Timeline                 

3. Report Overview                            

            3.1 Executive Summary                     

            3.2 Key Inferencees               

4. Market Dynamics                           

            4.1 Impact Analysis                

                        4.1.1 Drivers  

                        4.1.2 Restaints

                        4.1.3 Opportunities    

            4.2 Regulatory Environment              

            4.3 Technology Timeline & Recent Trends                

5. Competitor Benchmarking Analysis                                  

            5.1 Key Player Benchmarking            

                        5.1.1 Market share analysis   

                        5.1.2 Products/Service           

                        5.1.3 Regional Presence        

            5.2 Mergers & Acquistion Landscape            

            5.3 Joint Ventures & Collaborations              

6. Market Segmentation                                

            6.1 Boiler Water Treatment Market, By Type                       

                        6.1.1 Corrosion Inhibitors      

                        6.1.2 Scale Inhibitors  

                        6.1.3 Oxygen Scavengers       

                        6.1.4 Market Size Estimations & Forecasts (2021-2026)       

                        6.1.5 Y-o-Y Growth Rate Analysis      

                        6.1.6 Market Attractiveness Index    

            6.2 Boiler Water Treatment Market, By End-User Industry              

                        6.2.1 Power    

                        6.2.2 Oil and Gas        

                        6.2.3 Chemical and Petrochemical    

                        6.2.4 Food and Beverage       

                        6.2.5 Pulp and Paper 

                        6.2.6 Others   

                        6.2.7 Market Size Estimations & Forecasts (2021-2026)       

                        6.2.8 Y-o-Y Growth Rate Analysis      

                        6.2.9 Market Attractiveness Index    

7. Geographical Landscape                            

            7.1 Global Identity Governance and Administration Market, by Region                  

            7.2 North America - Market Analysis (2018 - 2024)              

                        7.2.1 By Country        

                                    7.2.1.1 USA

                                    7.2.1.2 Canada

                        7.2.2 By Type 

                        7.2.3 By End-User Industry    

            7.3 Europe                  

                        7.3.1 By Country        

                                    7.3.1.1 UK

                                    7.3.1.2 France

                                    7.3.1.3 Germany

                                    7.3.1.4 Spain

                                    7.3.1.5 Italy

                                    7.3.1.6 Rest of Europe

                        7.3.2 By Type 

                        7.3.3 By End-User Industry    

            7.4 Asia Pacific                       

                        7.4.1 By Country        

                                    7.4.1.1 China

                                    7.4.1.2 India

                                    7.4.1.3 Japan

                                    7.4.1.4 South Korea

                                    7.4.1.5 South East Asia

                                    7.4.1.6 Australia & NZ

                                    7.4.1.7 Rest of Asia-Pacific

                        7.4.2 By Type 

                        7.4.3 By End-User Industry    

            7.5 Latin America                   

                        7.5.1 By Country        

                                    7.5.1.1 Brazil

                                    7.5.1.2 Argentina

                                    7.5.1.3 Mexico

                                    7.5.1.4 Rest of Latin America

                        7.5.2 By Type 

                        7.5.3 By End-User Industry    

            7.6 Middle East and Africa                

                        7.6.1 By Country        

                                    7.6.1.1 Middle East

                                    7.6.1.2 Africa

                        7.6.2 By Type 

                        7.6.3 By End-User Industry    

8. Key Player Analysis                        

            8.1 AkzoNobel            

                        8.1.1 Business Description     

                        8.1.2 Products/Service           

                        8.1.3 Financials          

                        8.1.4 SWOT Analysis  

                        8.1.5 Recent Developments   

                        8.1.6 Analyst Overview          

            8.2 BASF SE                

            8.3 The Dow Chemical Company                   

            8.4 Kemira Oyj           

            8.5 Chemtex Specialty Limited                      

            8.6 Ecolab Inc.            

            8.7 Veolia International                     

            8.8 Thermax Limited and GE Water              

            8.9 Process Technologies                   

            8.10 Avista Technologies Inc             

9. Market Outlook & Investment Opportunities                               

Appendix                                

            List of Tables              

            List of Figures             

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Boiler Water Treatment Market By Region, From 2021-2026 ( USD Billion )

  2. Global Boiler Water Treatment Market By Type, From 2021-2026 ( USD Billion )

  3. Global Corrosion Inhibitors Market By Region, From 2021-2026 ( USD Billion )

  4. Global Scale Inhibitors Market By Region, From 2021-2026 ( USD Billion )

  5. Global Oxygen Scavengers Market By Region, From 2021-2026 ( USD Billion )

  6. Global Others Market By Region, From 2021-2026 ( USD Billion )

  7. Global Boiler Water Treatment Market By End User Industry, From 2021-2026 ( USD Billion )

  8. Global Power Market By Region, From 2021-2026 ( USD Billion )

  9. Global Oil and Gas Market By Region, From 2021-2026 ( USD Billion )

  10. Global Chemical and Petrochemical Market By Region, From 2021-2026 ( USD Billion )

  11. Global Food and Beverage Market By Region, From 2021-2026 ( USD Billion )

  12. Global Pulp and Paper Market By Region, From 2021-2026 ( USD Billion )

  13. Global Others Market By Region, From 2021-2026 ( USD Billion )

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