Boiler Water Treatment Chemicals Market - Forecast(2024 - 2030)

Report Code: CMR 31994 Report Format: PDF + Excel
Boiler Water Treatment Chemicals Market size is forecast to reach $4.65 billion by 2025, after growing at a CAGR of 8.20% during 2020-2025. Boiler water is raw water used in boilers for generating steam. It is a liquid phase of steam within the boiler. The term is also used for the treated boiler feedwater, or steam condensate being returned to a boiler, or boiler blowdown being removed from a boiler. Boiler water treatment is the protection of boiler water from corrosion and other impurities. The treatment and conditioning of boiler water is done for continuous heat exchange, corrosion protection, and production of high-quality steam.

Report Coverage
The report: “Boiler Water Treatment Chemicals Market– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Boiler Water Treatment Chemicals Market Industry.

By Type: Corrosion Inhibitors, Scale Inhibitors, Oxygen Scavengers and Others. 
By End-User Industry: Power, Oil & Gas, Chemical & Petrochemical, Food & Beverage, Pulp & Paper, Textile and Dye Industry and Others.
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways
  • Asia-Pacific is expected to dominate the global market during the forecast period.
  • Boiler water treatment chemicals are chemical compounds that are used in the processing/operations of industrial boilers because of their importance in maintaining the optimum levels of operation. 
  • Reduction in pretreatment and heat exchanger equipment costs is also expected to boost the demand for boiler water treatment chemicals.
By Type - Segment Analysis

Corrosion inhibitors segment held a significant share in boiler water treatment chemicals market in 2019. Corrosion inhibitors decrease the rate of corrosion rate of boilers by forming a passivation layer to the metal surface of the boiler systems. The performance of these chemicals depends upon the quality of the makeup water used by various end-use industries. Oxygen scavengers are used to remove residual oxygen from the boiler feedwater so as to protect the boiler and control corrosion of the feed tank and the condensate return lines. Scaling inhibitors are used in boiler water treatment chemicals system to prevent scaling and reduce the damages associated with scaling. Poor water treatment leads to boiler explosions causing scaling and overheating of the plates, low water level, a stuck safety valve, or even a furnace explosion.

By End-User Industry - Segment Analysis

Power segment held a significant share in boiler water treatment chemicals market in 2019 growing at a CAGR of 7.9% during the forecast period. Power plants utilize a large amount of water, primarily for the proper operation of turbines with the generation of heat, and are the major consumers of boiler water treatment chemicals. The growth of this segment can be attributed to rapid urbanization and continuously growing population across the globe. This, in turn, has led to an increased demand for power. Moreover, the rise in the number of nuclear projects in emerging economies across the globe is also contributing to the demand for boiler water treatment chemicals for power.

Geography- Segment Analysis

Asia Pacific dominated the boiler water treatment chemicals market with a share of more than 39%, followed by North America and Europe.  The demand and market growth in the power, manufacturing, and industrial sectors are increasing, which, in turn, is boosting the demand for boiler water treatment systems and chemicals. Malaysia has several thermal plants under construction. The advancement of projects at a good pace is likely to drive the boiler water treatment chemicals market, during the forecast period. In China, there has been a rise in the number of nuclear power plants. Currently, over 35 nuclear power plants are operating in the region, with around 20 currently under construction. These new power plants are expected to increase the nuclear power generation capacity by 70%, by 2020-2021. The United States is the world's largest producer of nuclear power. The United States government is planning for a number of new reactor installations, to increase nuclear-based power generation.

The Indian power sector has been facing challenging times right since 2018, with declining industrial activity leading to reduction in demand for power. The novel coronavirus disease COVID-19 has further worsened the situation not only in India but all across the globe spelling its doom on the global economy.

Drivers – Boiler Water Treatment Chemicals Market

Increasing requirement of steam and pure water from numerous end-use industry

Increasing requirement of steam and pure water from numerous end-use industries is expected to raise the boiler water treatment market during the forecast period. Boiler water treatment involves three main factors namely corrosion protection, a continuous exchange of heat and high-quality steam production. The chemicals are added to enhance reliability, safety and efficiency of system. Chemical treatment is done only after removing the physical and mechanical impurities. Growing industrialization across different economies are certain key drivers to further boost market demand globally for boiler water chemicals. Furthermore, increasing demand for power generation will increase the need for boiler technology, which will further push the demand growth of boiler water treatment chemicals market.

Challenges – Boiler Water Treatment Chemicals Market

Deposit formation 

Deposit formation occurs due to the non-volatile nature of certain chemicals which may hamper the boiler water treatment chemicals market. Concerns regarding the usage of certain chemicals such as “hydrazine” and other alternatives because of their toxic nature are expected to restrain the market growth. It’s important to treat boiler water because impurities in the water can cause a whole host of issues, which will lead to wasting money on equipment repairs if not treated the water instead.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the boiler water treatment chemicals market. In 2019, the market of boiler water treatment chemicals has been consolidated by the top five players accounting for xx% of the share. Major players in the boiler water treatment chemicals market are Ecolab Inc., Solenis, Veolia Water Technologies, Metito, Suez SA, BWA Water Additives, Ion Exchange LLC, Kurita Water Industries Ltd, Thermax Limited, Wetico, Buckman, AES Arabia Ltd, Improchem Pty Ltd, BASF SE and ChemTreat Inc. (Danaher Corporation) among others.

Merger/Acquisition
  • In January 2019, Solenis announced that they had completed the merger with BASF SE’s wet-end “Paper and Water Chemicals” business with theirs. The merged company will begin operating under the Solenis brand and will be able to provide expanded levels of chemicals solutions to several industrial users.
  • In October 2017, WaterBridge Ventures announced that they had completed the acquisition of Arkoma Water Resources, LLC. This acquisition significantly expands the operating capabilities of WaterBridge and complements the existing product portfolio of WaterBridge for treatment of water bodies such as produced water,transportation pipeline, supply water and SWD infrastructure operations. 
1. Boiler Water Treatment Chemicals Market - Market Overview
    1.1 Definitions and Scope
2. Boiler Water Treatment Chemicals Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Boiler Water Treatment Chemicals Market - Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Boiler Water Treatment Chemicals Market - Startup companies Scenario Premium (Premium)
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Boiler Water Treatment Chemicals Market– Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Boiler Water Treatment Chemicals Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Boiler Water Treatment Chemicals Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Boiler Water Treatment Chemicals Market– By Type (Market Size -$Million)
    8.1 Corrosion Inhibitors 
    8.2 Scale Inhibitors 
    8.3 Oxygen Scavengers 
    8.4 Others
9. Boiler Water Treatment Chemicals Market– By End-Use Industry (Market Size -$Million)
    9.1 Power 
    9.2 Oil & Gas 
    9.3 Chemical & Petrochemical 
    9.4 Food & Beverage 
    9.5 Pulp & Paper 
    9.6 Textile and Dye Industry 
    9.7 Others
10. Boiler Water Treatment Chemicals Market - By Geography (Market Size -$Million)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Russia
        10.3.6 Netherland
        10.3.7 Belgium
        10.3.8 Spain
        10.3.9 Rest of Europe
    10.4 Asia Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 Japan
        10.4.4 South Korea
        10.4.5 Australia& New Zealand
        10.4.6 Rest of Asia Pacific
    10.5 RoW
        10.5.1 Middle East
            10.5.1.1Saudi Arabia
            10.5.1.2UAE
            10.5.1.3Israel
            10.5.1.4Rest of Middle East
        10.5.2 Africa
            10.5.2.1South Africa
            10.5.2.2Nigeria
            10.5.2.3Rest of Africa
11. Boiler Water Treatment Chemicals Market- Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Boiler Water Treatment Chemicals Market Share Analysis (Premium)
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13. Boiler Water Treatment Chemicals Market- List of Key Companies by Country Premium 
14. Boiler Water Treatment Chemicals Market Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global BWTC Market By Type Market 2023-2030 ($M)
1.1 Corrosion Inhibitors Market 2023-2030 ($M) - Global Industry Research
1.2 Scale Inhibitors Market 2023-2030 ($M) - Global Industry Research
1.2.1 Phosphonates Market 2023-2030 ($M)
1.2.2 Carboxylates/Acrylic Market 2023-2030 ($M)
1.2.3 Chelating Agents Market 2023-2030 ($M)
1.3 Oxygen Scavengers Market 2023-2030 ($M) - Global Industry Research
1.3.1 Sodium Sulfite Market 2023-2030 ($M)
1.3.2 Hydrazine Market 2023-2030 ($M)
1.3.3 Deha Market 2023-2030 ($M)
2.Global BWTC Market By End-Use Industry Market 2023-2030 ($M)
2.1 Power Market 2023-2030 ($M) - Global Industry Research
2.2 Oil & Gas Market 2023-2030 ($M) - Global Industry Research
2.3 Chemical & Petrochemical Market 2023-2030 ($M) - Global Industry Research
2.4 Food & Beverage Market 2023-2030 ($M) - Global Industry Research
2.5 Pulp & Paper Market 2023-2030 ($M) - Global Industry Research
3.Global BWTC Market By Type Market 2023-2030 (Volume/Units)
3.1 Corrosion Inhibitors Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Scale Inhibitors Market 2023-2030 (Volume/Units) - Global Industry Research
3.2.1 Phosphonates Market 2023-2030 (Volume/Units)
3.2.2 Carboxylates/Acrylic Market 2023-2030 (Volume/Units)
3.2.3 Chelating Agents Market 2023-2030 (Volume/Units)
3.3 Oxygen Scavengers Market 2023-2030 (Volume/Units) - Global Industry Research
3.3.1 Sodium Sulfite Market 2023-2030 (Volume/Units)
3.3.2 Hydrazine Market 2023-2030 (Volume/Units)
3.3.3 Deha Market 2023-2030 (Volume/Units)
4.Global BWTC Market By End-Use Industry Market 2023-2030 (Volume/Units)
4.1 Power Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Oil & Gas Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Chemical & Petrochemical Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Food & Beverage Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Pulp & Paper Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America BWTC Market By Type Market 2023-2030 ($M)
5.1 Corrosion Inhibitors Market 2023-2030 ($M) - Regional Industry Research
5.2 Scale Inhibitors Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Phosphonates Market 2023-2030 ($M)
5.2.2 Carboxylates/Acrylic Market 2023-2030 ($M)
5.2.3 Chelating Agents Market 2023-2030 ($M)
5.3 Oxygen Scavengers Market 2023-2030 ($M) - Regional Industry Research
5.3.1 Sodium Sulfite Market 2023-2030 ($M)
5.3.2 Hydrazine Market 2023-2030 ($M)
5.3.3 Deha Market 2023-2030 ($M)
6.North America BWTC Market By End-Use Industry Market 2023-2030 ($M)
6.1 Power Market 2023-2030 ($M) - Regional Industry Research
6.2 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
6.3 Chemical & Petrochemical Market 2023-2030 ($M) - Regional Industry Research
6.4 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
6.5 Pulp & Paper Market 2023-2030 ($M) - Regional Industry Research
7.South America BWTC Market By Type Market 2023-2030 ($M)
7.1 Corrosion Inhibitors Market 2023-2030 ($M) - Regional Industry Research
7.2 Scale Inhibitors Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Phosphonates Market 2023-2030 ($M)
7.2.2 Carboxylates/Acrylic Market 2023-2030 ($M)
7.2.3 Chelating Agents Market 2023-2030 ($M)
7.3 Oxygen Scavengers Market 2023-2030 ($M) - Regional Industry Research
7.3.1 Sodium Sulfite Market 2023-2030 ($M)
7.3.2 Hydrazine Market 2023-2030 ($M)
7.3.3 Deha Market 2023-2030 ($M)
8.South America BWTC Market By End-Use Industry Market 2023-2030 ($M)
8.1 Power Market 2023-2030 ($M) - Regional Industry Research
8.2 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
8.3 Chemical & Petrochemical Market 2023-2030 ($M) - Regional Industry Research
8.4 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
8.5 Pulp & Paper Market 2023-2030 ($M) - Regional Industry Research
9.Europe BWTC Market By Type Market 2023-2030 ($M)
9.1 Corrosion Inhibitors Market 2023-2030 ($M) - Regional Industry Research
9.2 Scale Inhibitors Market 2023-2030 ($M) - Regional Industry Research
9.2.1 Phosphonates Market 2023-2030 ($M)
9.2.2 Carboxylates/Acrylic Market 2023-2030 ($M)
9.2.3 Chelating Agents Market 2023-2030 ($M)
9.3 Oxygen Scavengers Market 2023-2030 ($M) - Regional Industry Research
9.3.1 Sodium Sulfite Market 2023-2030 ($M)
9.3.2 Hydrazine Market 2023-2030 ($M)
9.3.3 Deha Market 2023-2030 ($M)
10.Europe BWTC Market By End-Use Industry Market 2023-2030 ($M)
10.1 Power Market 2023-2030 ($M) - Regional Industry Research
10.2 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
10.3 Chemical & Petrochemical Market 2023-2030 ($M) - Regional Industry Research
10.4 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
10.5 Pulp & Paper Market 2023-2030 ($M) - Regional Industry Research
11.APAC BWTC Market By Type Market 2023-2030 ($M)
11.1 Corrosion Inhibitors Market 2023-2030 ($M) - Regional Industry Research
11.2 Scale Inhibitors Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Phosphonates Market 2023-2030 ($M)
11.2.2 Carboxylates/Acrylic Market 2023-2030 ($M)
11.2.3 Chelating Agents Market 2023-2030 ($M)
11.3 Oxygen Scavengers Market 2023-2030 ($M) - Regional Industry Research
11.3.1 Sodium Sulfite Market 2023-2030 ($M)
11.3.2 Hydrazine Market 2023-2030 ($M)
11.3.3 Deha Market 2023-2030 ($M)
12.APAC BWTC Market By End-Use Industry Market 2023-2030 ($M)
12.1 Power Market 2023-2030 ($M) - Regional Industry Research
12.2 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
12.3 Chemical & Petrochemical Market 2023-2030 ($M) - Regional Industry Research
12.4 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
12.5 Pulp & Paper Market 2023-2030 ($M) - Regional Industry Research
13.MENA BWTC Market By Type Market 2023-2030 ($M)
13.1 Corrosion Inhibitors Market 2023-2030 ($M) - Regional Industry Research
13.2 Scale Inhibitors Market 2023-2030 ($M) - Regional Industry Research
13.2.1 Phosphonates Market 2023-2030 ($M)
13.2.2 Carboxylates/Acrylic Market 2023-2030 ($M)
13.2.3 Chelating Agents Market 2023-2030 ($M)
13.3 Oxygen Scavengers Market 2023-2030 ($M) - Regional Industry Research
13.3.1 Sodium Sulfite Market 2023-2030 ($M)
13.3.2 Hydrazine Market 2023-2030 ($M)
13.3.3 Deha Market 2023-2030 ($M)
14.MENA BWTC Market By End-Use Industry Market 2023-2030 ($M)
14.1 Power Market 2023-2030 ($M) - Regional Industry Research
14.2 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
14.3 Chemical & Petrochemical Market 2023-2030 ($M) - Regional Industry Research
14.4 Food & Beverage Market 2023-2030 ($M) - Regional Industry Research
14.5 Pulp & Paper Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
2.Canada Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
3.Mexico Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
4.Brazil Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
5.Argentina Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
6.Peru Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
7.Colombia Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
8.Chile Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
9.Rest of South America Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
10.UK Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
11.Germany Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
12.France Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
13.Italy Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
14.Spain Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
15.Rest of Europe Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
16.China Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
17.India Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
18.Japan Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
19.South Korea Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
20.South Africa Boiler Water Treatment Chemicals Market Revenue, 2023-2030 ($M)
21.North America Boiler Water Treatment Chemicals By Application
22.South America Boiler Water Treatment Chemicals By Application
23.Europe Boiler Water Treatment Chemicals By Application
24.APAC Boiler Water Treatment Chemicals By Application
25.MENA Boiler Water Treatment Chemicals By Application
26.Ecolab, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Suez, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Kemira, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Kurita Water Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Solenis, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Arkema, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.BASF, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Chemtreat, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Thermax, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Veolia Water Technologies, Sales /Revenue, 2015-2018 ($Mn/$Bn)