Boiler Water Treatment Chemicals Market to See Booming Growth 2022-2028 | BASF SE (Germany), Akzo Nobel N.V. (Netherlands), DowDuPont (U.S.)

Boiler Water Treatment Chemicals Market Future Demand 2022

Market Overview | Water Treatment Chemicals Market

 Boiler Water Treatment Chemicals Market size was valued at USD 3.89 Billion in 2020 and is projected to reach USD 6.70 Billion by 2028, growing at a CAGR of 10 % from 2021 to 2028.

Boiler water treatment is a process of reducing the concentration of suspended and dissolved solids in water so that it can be used for generating steam. The two main objectives of boiler water treatment chemicals are to prevent corrosion of boiler surfaces and to produce high-quality steam.

The use of boiler water treatment chemicals helps reduce the scale formation on the inner surfaces of boilers and also prevents corrosion. Moreover, these chemicals help improve the overall efficiency of boilers by maximizing the heat transfer rate.

The use of these chemicals also protects against priming and foaming in boilers, which can lead to the carryover of impurities into steam pipes and ultimately affect the quality of end products. The Asia-Pacific region is projected to be the fastest-growing market for boiler water treatment chemicals during the forecast period owing to the growing demand from end-use industries such as power generation, oil & gas, food & beverage, chemical, and others in this region.

Competitive Analysis | Boiler Water Treatment Chemicals Market

Key players in the Global Boiler Water Treatment Chemicals market are

  • BASF SE (Germany)
  • Akzo Nobel N.V. (Netherlands)
  • DowDuPont (U.S.)
  • Ecolab (U.S.)
  • Kemira OYJ (Finland)
  • Suez (France)
  • King Lee Technologies (U.S.)
  • Lennetch BV (Netherlands)
  • Bond Water Technologies, Inc. (U.S.)
  • ChemTreat (U.S.)
  • Wilh. Wilhelmsen Holding ASA (Norway)
  • Kurita Water Industries Ltd. (Japan)
  • Arkema (France).

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Segmentation Analysis | Boiler Water Treatment Chemicals Market

Boiler Water Treatment Chemicals Market, By Type

  • Corrosion Inhibitors
  • Scale Inhibitors
  • Oxygen Scavengers
  • Others

Boiler Water Treatment Chemicals Market, By End-User

  • Power
  • Oil & Gas
  • Chemical & Petrochemical
  • Food & Beverages
  • Pulp & Paper
  • Others

Boiler Water Treatment Chemicals market, By Region:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • UAE
    • Rest of LAMEA

Regional Analysis | Boiler Water Treatment Chemicals Market

The Boiler Water Treatment Chemicals market report provides a detailed country-level analysis of the market size, opportunity, and current trends for the forecast period of 2019-2027.

The report has been segmented into five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. Among these, North America is expected to hold the largest share in the global boiler water treatment chemicals market owing to the presence of stringent government regulations regarding boiler water quality. Moreover, the large number of industries in this region is also anticipated to drive the growth of this market.

Europe is another key region for the growth of the boiler water treatment chemicals market due to increasing environmental awareness and strict government regulations regarding industrial effluent discharge. The Asia Pacific region is also expected to witness significant growth over the forecast period on account of growing industrialization and urbanization in countries such as China and India.

The Middle East & Africa and South America are also expected to contribute significantly to the growth of boiler water treatment chemicals market over the forecast period on account of growing demand from power generation and other industries in these regions.

COVID-19 Impact | Boiler Water Treatment Chemicals Market

The COVID-19 pandemic has led to a decrease in the demand for boiler water treatment chemicals from the power generation industry. This is due to the fact that many countries have imposed lockdown restrictions, which have resulted in a decrease in electricity demand. Moreover, many power plants have been shut down due to the lack of coal supply. This has also contributed to the decline in the demand for boiler water treatment chemicals from this end-use industry.

The food and beverage industry is one of the major end-use industries of boiler water treatment chemicals. The COVID-19 pandemic has led to a decrease in the demand for food and beverages, which in turn has affected the demand for boiler water treatment chemicals from this end-use industry.

The chemical industry is another major end-use industry of boiler water treatment chemicals. The COVID-19 pandemic has negatively impacted the production activities of this industry, which has consequently led to a decrease in the demand for boiler water treatment chemicals from this sector.

Drivers | Boiler Water Treatment Chemicals Market

The boiler water treatment chemicals market is driven by the need to improve the efficiency of boilers and to prevent corrosion. The use of boiler water treatment chemicals can help improve the efficiency of boilers by reducing the amount of time needed to heat the water and by preventing corrosion. Corrosion can lead to the decreased lifespan of boiler equipment and can create hazardous conditions for workers.

Table of Content | Boiler Water Treatment Chemicals Market

1. Introduction

2. Executive Summary

3. Market Dynamics

4. Key Insights

5. Global Boiler Water Treatment Chemicals Market Analysis (USD Billion), Insights and Forecast, 2016-2028

6. North America Boiler Water Treatment Chemicals Market Analysis (USD Billion), Insights and Forecast, 2016-2028

7. Latin America Boiler Water Treatment Chemicals Market Analysis (USD Billion), Insights and Forecast, 2016-2028

8. Europe Boiler Water Treatment Chemicals Market Analysis (USD Billion), Insights and Forecast, 2016-2028

9. Asia Pacific Boiler Water Treatment Chemicals Market Analysis (USD Billion), Insights and Forecast, 2016-2028

10. Middle East & Africa Boiler Water Treatment Chemicals Market Analysis (USD Billion), Insights and Forecast, 2016-2028

11. Competitive Analysis

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