Boiler Water Treatment Chemical Market Overview
Boiler Water Treatment Chemical Market Size was valued at USD 4.75 billion in 2023. The Boiler Water Treatment Chemical industry is projected to grow from USD 5.26 billion in 2024 to USD 11.95 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.80% during the forecast period (2024 - 2032). To treat boiler water in power plants, boiler water treatment chemicals are used. These chemicals are mixed into the boiler water to remove impurities. This aids in the prevention of corrosion and other problems in boilers. Two compounds that are used to scavenge oxygen in order to maintain proper boiler water qualities are sodium sulfite and hydrazine. They contain a variety of polyphosphate and organic compounds that are used in feed-water systems to reduce scale and corrosion.
Because of deteriorating water quality and aging infrastructure, the global market for boiler water treatment chemicals is expanding over time. With rapid industrialization and increasing demand for power generation, ensuring economical, secure, and efficient electricity delivery has become a challenge. As a result, treating feed water is highly recommended in order to keep the boiler running efficiently. Another factor driving the high demand for boiler water treatment chemicals is the expanding food, beverage, and textile industries.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Global Boiler Water Treatment Chemicals Market, by Application (%)
Source: MRFR Analysis
Regional Analysis
The global boiler water treatment chemicals market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa.
The market in Asia-Pacific dominated the global boiler water treatment chemicals market in 2023 due to the high demand for power generation in the region. Rapid industrialization in emerging economies such as China and India is expected to drive the demand for these chemicals.
North America accounted for the second-largest market share in 2023 on account of the high demand for boiler water treatment chemicals in the food and beverage and textiles industries.
The European market is expected to grow at a significant rate due to the growing textiles and clothing sector in the region.
The Latin American market is projected to witness considerable growth due to the growing textile industry in Peru, Brazil, Mexico, and Colombia.
The market in the Middle East & Africa is also likely to grow due to the presence of abundant oil and natural gas reserves in the region.
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.
Key Players
Some of the manufacturers operating 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), and Arkema (France).
Recent Development
H2O Innovation is the newest associate member of the Renewable Fuels Association. H2O Innovation has been a leading supplier of water treatment equipment, chemicals, consumables, and on-site services to biofuel producers in the United States and Canada since its inception. H2O innovation can tailor a solution specifically for any site and application, whether it is for boiler or feed tower cooling, cooling tower bypass filtration, wastewater treatment, or the production of USP Grade ethanol for hand sanitizer.
Recently, the City of Mississauga in Canada enlisted the services of Boiler Treatment, a leading service provider for wastewater and water treatment, for the planning and execution of chemical water treatment for its boilers and HVAC systems. Through a high-level diagnosis of each HVAC system, the City of Mississauga analyses the benefits of BTI boiler treatment. BTI has improved its reporting capabilities by launching an interactive website that offers real-time and on-demand data with a single click.
Intended Audience
- Boiler water treatment chemicals manufacturers
- Traders and distributors of boiler water treatment chemicals
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
Report Attribute/Metric
|
Details
|
Market Size 2023
|
USD 4.75 billion
|
Market Size 2024
|
USD 5.26 billion
|
Market Size 2032
|
USD 11.95 billion
|
CAGR
|
(2024-2032)
|
Base Year
|
2023
|
Forecast Period
|
2024 to 2032
|
Historical Data
|
2019 & 2020
|
Forecast Units
|
Value (USD billion)
|
Report Coverage
|
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
|
Segments Covered
|
Type, conditioning method, end-use industry, and region.
|
Geographies Covered
|
Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa.
|
Key Vendors
|
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), and Arkema (France).
|
Key Market Opportunities
|
Growing necessity for power generation
|
Key Market Drivers
|
Rapid industrialization across the globe Use of high-pressure boilers in the food and beverage industry for processes such as cleaning, processing, distillation, and fermentation
|
Boiler Water Treatment Chemical Market Highlights:
Frequently Asked Questions (FAQ) :
Its influence in power generation to ensure strong market growth.
The non-volatile nature of these chemicals can clog the boiler with deposits and increase maintenance costs.
The Asia Pacific boiler water treatment chemicals market helms the global market.
Power, textiles and dyes, chemicals and petrochemicals, oil and gas, paper and pulp, food and beverage, and others are simplifying the understanding process of the market.
The types named in the report are sludge conditioners, oxygen scavengers, multifunctional, scale inhibitors, alkalinity builders, sequestering agents, anti-foaming agents, and others.