Boiler Water Treatment Chemical Market Opportunity Assessment 2023-2030 by Types, by Applications
Boiler water treatment chemicals are agents used for eliminating impurities from boilers. These impurities can be suspended matter, dissolved gases, and dissolved solids which can cause corrosion or deposition. The global boiler water treatment chemicals market report looks at the various agents used in ensuring the continuous working of steam boilers and industrial boiler systems for the period 2022 to 2030 (forecast period).
Segmentation
The global Boiler Water Treatment Chemicals Market has been segmented on the basis of type, conditioning method, end-use industry, and region.
Based on type, the global boiler water treatment chemicals market has been segmented into oxygen scavengers, sludge conditioners, alkalinity builders, multifunctional, scale inhibitors, anti-foaming agents, sequestering agents, and others.
Based on conditioning method, the market has been classified into external (pre-treatment) and internal (post-treatment).
By end-use industry, the market has been segmented into power, oil and gas, chemicals and petrochemicals, food and beverage, paper and pulp, textiles and dyes, and others. The power segment accounted for close to 30% share in the market in 2020.
Competition Outlook
Kemira OYJ, Ecolab, Bond Water Technologies, Inc., Lennetch BV, Wilh. Wilhelmsen Holding ASA, ChemTreat, Akzo Nobel N.V., Suez, Kurita Water Industries Ltd., Arkema, DowDuPont, King Lee Technologies, and BASF SE are noteworthy players of the global boiler water treatment chemical market. Mergers, acquisitions, and new product launches are strategies implemented by players for gaining the edge in the market.
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Market Scope
The global boiler water treatment chemicals market size can touch towering heights owing to the need for power generation. These chemicals can prevent scaling, a prime factor in increasing the pressure drop in boiler tubes and reducing steam volume. Rapid industrialization is one of the biggest drivers of the market owing to the increasing rate of power consumed by industries globally. For instance, high-pressure boilers are used by the food & beverage industry for fermentation, distillation, processing, and cleaning.
The booming textile industry which requires boilers for rapid processing of apparel can drive market demand exponentially. This is buttressed by the high procurement rates of clothes, textiles, and other apparel by customers. Favorable government campaigns designed for encouraging the use of renewable energy resources can prove to be fruitful for the market in the coming years. New technologies such as zero liquid blowdown and zero liquid discharge are likely to encourage demand for boiler water treatment chemicals in the coming years.
Regional Analysis
The global Boiler Water Treatment Chemicals Market Opportunity Analysis has been segmented into five regions, namely, Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East and Africa (MEA).
APAC had dominated the market in 2020 owing to heavy demand for boilers in the power generation sector. Rapid industrialization in China and India can continue to encourage market demand till 2027. New product developments are bound to be a gamechanger for the industry in the region. In 2020, Kurita Water Industries Ltd. launched CETAMINE, a water treatment chemical, for Japanese end-users.
North America accounted for the second-largest share of the global boiler water treatment chemicals market owing to the thriving food & beverages and textile industries. Similarly, Europe is portended a considerable growth rate owing to textile and clothing industries. The focus on sustainability has led to the development of chemicals derived from natural sources which can be applied at ease by manufacturers during routine check-ups.
Latin America is projected to be lucrative for the global boiler water treatment chemical market owing to the textile sector in Colombia, Mexico, Peru, and Brazil. Lastly, the MEA region can induce demand to save up on maintenance costs on steam boilers used in the oil & gas sector.
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