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.
Market Overview:
The “Global Boiler Water Treatment Chemicals Market Analysis” delves deep into the Boiler Water Treatment Chemicals market, emphasizing worldwide market trends and analysis. This comprehensive study offers an industry overview of Boiler Water Treatment Chemicals along with meticulous market segmentation by segment and geography. Projections indicate rapid expansion in the Boiler Water Treatment Chemicals market during the forecast period. The research encompasses vital insights on top Boiler Water Treatment Chemicals firms’ market positions, coupled with significant industry trends and prospects.
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Market Scope:
Market size validation and estimation adopt both top-down and bottom-up methodologies. Research estimates hinge on sale prices (excluding discounts from manufacturers, distributors, wholesalers, or traders). Percentage splits, market shares, and segment breakdowns are determined using weighted averages based on usage rates and average sale prices. The country-wise market splits, including sub-segments, derive from the percentage adoption or usage of the provided market size data within specific regions or nations.
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. Aluminium hydroxide chloride and aluminium sulphate 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:
In-depth primary and secondary research unveil industry giants, with revenue assessment rooted in both primary and secondary research. Thorough interviews with thought leaders, industry experts, front-line personnel, CEOs, and marketing specialists provide primary data. Secondary research involves scrutinizing renowned manufacturers’ annual and financial reports. Primary and secondary data cross-validation yields percentage splits, market shares, growth rates, and global market breakdowns. Notable Boiler Water Treatment Chemicals industry players include:
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:
The research zooms in on geographic analysis, further dissecting sub-regions and countries. This research facet offers profit estimates and market share data per nation. It examines share and growth rates across regions and countries during the projected timeframe.
A comprehensive PESTEL analysis across five regions—North America, Europe, Asia Pacific, the Middle East, Africa, and South America—follows an assessment of political, economic, social, and technological factors impacting the Boiler Water Treatment Chemicals market in various sectors.
COVID-19 Impact Analysis on Boiler Water Treatment Chemicals Market:
The COVID-19 pandemic has triggered shifts in consumer behavior across various societal domains. Businesses must realign strategies to match the evolving market landscape. This report outlines COVID-19’s influence on the Boiler Water Treatment Chemicals market and aids in crafting strategies aligned with new industry norms.
Under the COVID-19 Influence segment, the Boiler Water Treatment Chemicals Market Report presents 360-degree research encompassing facets from agile supply chains and trade barriers to regional governmental regulations and long-term corporate impact. It includes primary market research (2021-2027), competitive landscape analysis, pros and cons of major business channels, and industry growth trends (2021-2027).
Key Queries Answered in the Boiler Water Treatment Chemicals Market Report:
What is the market size of Boiler Water Treatment Chemicals? Which regional market will assume leadership in the coming years? Which application category will exhibit the fastest growth? What growth opportunities lie ahead in the Boiler Water Treatment Chemicals industry? What are the major challenges looming for the Boiler Water Treatment Chemicals market? Who are the forerunners in the Boiler Water Treatment Chemicals category? What predominant trends steer market growth?
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