The Boiler Water Treatment Chemicals Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Boiler Water Treatment Chemicals Global Market Report 2024, The boiler water treatment chemicals market size has grown rapidly in recent years. It will grow from $3.5 billion in 2023 to $3.9 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to urbanization impact, food & beverage industry requirements, expansion in refineries, industrial safety focus, water conservation concerns..
The boiler water treatment chemicals market size is expected to see rapid growth in the next few years. It will grow to $5.9 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to emphasis on sustainable practices, global manufacturing growth, rising industrial activities, expansion of power generation, increasing demand for energy.. Major trends in the forecast period include maintenance cost reduction, expansion of power generation..
The increase in demand for power generation is expected to propel the growth of the boiler water treatment chemicals market going forward. Power generation installations refer to an industrial building that produces electricity using primary energy and one or more generators to transform mechanical energy into electrical energy. Chemical water treatment is essential for increasing the effectiveness of power generation in power plants and is critical for maintaining the stability of the functioning of thermal equipment. For instance, in June 2022, according to the Hydropower Status Report, published by the International Hydropower Association, a UK-based, non-profit international organization, for the global hydropower sector, at the end of 2021, installed hydroelectric capacity worldwide expanded by 1.9% to reach 1,360 GW of power generation, as compared to 2020; however, pumped storage capacity also increased by 3.3% to reach 165 GW of power in 2021, indicating the increased demand for power generation. Therefore, the increasing demand for power generation drives the boiler water treatment chemicals market.
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The boiler water treatment chemicals market covered in this report is segmented –
1) By Product: Coagulants And Flocculants, Biocide And Disinfectant, Defoamer And Defoaming Agent, pH And Adjuster And Softener, Scale And Corrosion Inhibitor, Other Products
2) By Application: Basic Chemicals, Blended Or Specialty Chemicals
3) By End-User Industry: Power Generation, Steel And Metal Industry, Oil Refinery, Chemical And Petrochemical, Textile And Dye Industry, Sugar Mill, Food And Beverage, Other End-User Industries
Technological advancement is a key trend in the boiler water treatment chemicals market. Technologically advanced chemicals were created scientifically to preventatively handle issues with water use, such as scale buildup, metallic corrosion, boiler water carryover, and sludge deposition. Major players in the market are focused on technological advancement to sustain their market position. For instance, in August 2021, The Energy and Resources Institute (TERI), an India-based research institute, developed a technology called The Advanced Oxidation Technology or TADOX. This technology reduces the load and dependence on tertiary and biological treatment systems, helping to achieve Zero Liquid Discharge (ZLD). TADOX uses UV-Photocatalysis to treat municipal sewage and highly polluting industrial wastewater streams. The technology is designed to be integrated and retrofittable in existing treatment systems, making it a viable option as a novel Decentralized Wastewater Treatment Technology (DWTT) applicable in upcoming and existing infrastructural projects, townships, commercial complexes, green buildings, and smart cities.
The boiler water treatment chemicals market report table of contents includes:
- Executive Summary
- Boiler Water Treatment Chemicals Market Characteristics
- Boiler Water Treatment Chemicals Market Trends And Strategies
- Boiler Water Treatment Chemicals Market – Macro Economic Scenario
- Global Boiler Water Treatment Chemicals Market Size and Growth
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- Global Boiler Water Treatment Chemicals Market Competitive Benchmarking
- Global Boiler Water Treatment Chemicals Market Competitive Dashboard
- Key Mergers And Acquisitions In The Boiler Water Treatment Chemicals Market
- Boiler Water Treatment Chemicals Market Future Outlook and Potential Analysis
- Appendix
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