Boiler Water Treatment Chemicals Market size was valued at USD 30.72 Bn. in 2022 and the total Boiler Water Treatment Chemicals revenue is expected to grow at a CAGR of 8.5% from 2023 to 2029, reaching nearly USD 54.39 Bn.
Boiler Water Treatment Chemicals Market Overview:
The Boiler Water Treatment Chemicals market research provides a comprehensive insight into the competition, including the market share and company profiles of the world’s biggest rivals. The research scope covers a comprehensive examination of the Boiler Water Treatment Chemicals Market, as well as the causes for variances in the industry’s growth across a variety of sectors.
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Market Scope:
Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
Drivers:
The market for boiler water treatment and boiler water treatment chemicals is anticipated to grow over the course of the projected period as a result of rising demand for steam and pure water from various end-use industries. Three key processes are involved in boiler water treatment: continuous heat exchange, high-quality steam production, and corrosion avoidance. The system’s dependability, safety, and effectiveness are all improved by the addition of the chemicals. A chemical treatment is only carried out after the mechanical and physical impurities have been eliminated. One of the main factors increasing demand for boiler water chemicals globally is growing industrialization in various economies. Furthermore, the market for boiler water treatment chemicals will expand due to the increasing demand for power generation and power plant facilities, which would increase the demand for boiler technology.
Segmentation:
Coagulants and flocculants, the market’s largest product segment by revenue share (approximately 37% in 2022), is anticipated to expand at a CAGR of 8.2% throughout the course of the forecast period. The most significant products on the market now are coagulants and flocculants. Most treatment facilities employ the sedimentation method. Coagulation and flocculation are frequently used in chemical product tanks in oil and gas plants. The coagulation process quickens the sedimentation process. Aluminum hydroxide chloride and aluminum sulfate are examples of inorganic and organic compounds known as coagulants. 90% of the suspended solid particles in wastewater are removed during the treatment process using coagulants.
by Product
Coagulants & Flocculants
Biocide & Disinfectant
Defoamer & Defoaming Agent
pH & Adjuster & Softener
Scale & Corrosion Inhibitor
Others
by Application
Basic Chemicals
Blended/Specialty Chemicals
by 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
Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the Boiler Water Treatment Chemicals market are as follows:
1. Ecolab
2. Suez
3. Kemira
4. Kurita Water Industries
5. Solenis
6. Arkema
7. BASF
8. Chemtreat
9. Thermax
10.Veolia Water Technologies
11.Accepta Water Treatment
12.Aries Chemical
13.Akzo Nobel
14.Buckman Laboratories
15.BWA Water Additives UK
16.Chemfax Products
17.Chemtex Speciality
18.Dowdupont
19.Eastman
20.Feedwater
21.Guardian Chemicals
22.Henkel
23.Ion Exchange
24.Lenntech
25.Vasu Chemicals
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Boiler Water Treatment Chemicals market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Boiler Water Treatment Chemicals Market:
End-user industries where Boiler Water Treatment Chemicals are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Boiler Water Treatment Chemicals manufacturers, harming the Boiler Water Treatment Chemicals market’s growth in 2020. End-user business demand for Boiler Water Treatment Chemicals has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.
Key Questions Answered in the Boiler Water Treatment Chemicals Market Report are:
- In 2023, which segment accounted for the most share of the Boiler Water Treatment Chemicals market?
- What is the competitive landscape of the Boiler Water Treatment Chemicals market?
- What are the key factors influencing Boiler Water Treatment Chemicals market growth?
- In the Boiler Water Treatment Chemicals market, which region has the most market share?
- What will be the CAGR of the Boiler Water Treatment Chemicals market during the forecast period (2023-2029)?
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