The global Boiler Water Treatment Chemicals Market size was valued at USD 30.72 billion in 2022. It is projected to experience robust growth, reaching nearly USD 54.39 billion by 2029, with a CAGR of 8.5% from 2023 to 2029.
Market Overview
As of the most recent Boiler Water Treatment Chemicals Market update, the global economic landscape reflects a dynamic interplay of various factors. Major financial markets continue to navigate the aftermath of the unprecedented events that unfolded in recent years, such as the global pandemic and geopolitical shifts. Equities have demonstrated resilience amid ongoing uncertainties, propelled by technological advancements, innovation, and accommodative monetary policies. However, challenges persist, including inflationary pressures, supply chain disruptions, and regulatory changes in various sectors. Investors are closely monitoring central bank decisions, fiscal policies, and emerging trends to assess potential opportunities and risks. The market’s response to evolving conditions underscores the importance of adaptability and strategic planning for both businesses and investors in this complex and ever-changing environment.
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Report Scope:
The report provides a comprehensive overview of the Boiler Water Treatment Chemicals Market, covering market dynamics, segmentation, regional insights, and competitive landscape.
Research Methodology:
The research methodology employed for this report includes extensive primary and secondary research, involving interviews with industry experts, analysis of company reports, and market data collection from reputable sources.
Drivers:
- Rising demand for steam and pure water across end-use industries.
- Growing need for boiler water treatment to ensure steam boilers operate properly.
- Increasing power generation plants driving demand for new chemicals.
Restraints:
Deposit formation during boiler water treatment poses challenges, particularly due to concerns over the use of certain chemicals.
Segmentation:
By Product:
- Coagulants and flocculants segment dominated the market with a revenue share of about 37% in 2022.
- Organic coagulants such as polyamine and polyDADMAC are widely used in water treatment operations.
- Various industries including chemical processing, water and wastewater, power generation, oil and gas, among others, contribute to the demand for coagulants and flocculants.
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
Regional Insights:
- Asia-Pacific region dominated the market with the largest share of about 38% in 2022, driven by increased demand for boilers in countries like India, China, Indonesia, and Japan.
- China continues to construct thermal power facilities, contributing significantly to market growth.
- North American market is expected to grow at a CAGR of 7.45% during the forecast period, with the United States registering significant growth due to stringent government regulations and increasing demand from industrial and commercial sectors.
Market Key Players
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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Key questions answered in the Boiler Water Treatment Chemicals Market report include:
What is Boiler Water Treatment Chemicals?
What factors drive Boiler Water Treatment Chemicals Market growth?
What are the main challenges for Boiler Water Treatment Chemicals Market growth?
What was the Boiler Water Treatment Chemicals market size in 2023?
Which trends are expected to contribute to Boiler Water Treatment Chemicals market growth?
What recent industry trends can generate additional revenue streams for the Boiler Water Treatment Chemicals Market?
What growth strategies are players considering to increase their foothold in the Boiler Water Treatment Chemicals Market?
Who held the largest market share in the Boiler Water Treatment Chemicals Market?
Key Offerings:
Past Market Size and Competitive Landscape (2021 to 2023)
Past Pricing and price curve by region (2021 to 2023)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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