Boiler Water Treatment Chemicals Market Overview
The global boiler water treatment chemicals market is projected to showcase strong growth in the forecast period (2021–2030) on account of the increasing demand for chemically treated feed water for steam generation in boilers. Boilers are extensively used in manufacturing and processing industries for steam generation to meet power and heating requirements. Untreated feed water, if used in boilers, may result in scale formation, metallic corrosion, boiler water carryover, and sludge deposition. Thus, with the increasing demand for chemically treated water to maintain and operate boilers at optimum efficiency, the demand for boiler water treatment chemicals is projected to rise, thereby propelling the market growth.
The boiler water treatment chemicals market has been categorized into corrosion inhibitors, scale inhibitors, oxygen scavengers, and others, on the basis of type. Among these, corrosion inhibitors are expected to account for a significant share in the market in the coming years. Corrosion is one of the major factors leading to critical downtime. Since steam circuits used in nuclear, thermal, and hydropower plants are susceptible to deterioration, as the metal components are always in contact with water, there has been a surge in demand for corrosion inhibitors in the market.
The boiler water treatment chemicals market has also been categorized on the basis of end-use industry into power, oil & gas, chemical & petrochemical, food & beverage, pulp & paper, and others. Of these, the power category is expected to account for a significant share in the market throughout the forecast period, owing to the increasing demand for electricity. In recent years, there has been significant growth in population, coupled with urbanization, which has consequently resulted in an appreciable hike in demand for power to meet household, industrial, and commercial needs.
Geographically, Asia-Pacific (APAC) is expected to hold the largest share throughout the forecast period. This can be ascribed to the high-volume consumption of power in the developing economies of the region, such as China, India, Malaysia, the Philippines, and Vietnam. In recent years, China has emerged as a hub for the production of consumer and industrial goods, owing to which the consumption of boiler water treatment chemicals has been on the rise. Moreover, several manufacturing industries are planning to shift their production base to countries such as India, Thailand, and Vietnam on account of the availability of low-cost labor and free-trade agreements. This, in turn, is expected to further increase the demand for boiler water treatment chemicals during the forecast period.
Boiler Water Treatment Chemicals Market Dynamics
Drivers
The market demand for boiler water treatment chemicals has witnessed strong growth in recent years, and the trend is likely to continue in the coming years as well, primarily on account of the surging demand for chemically treated feed water for boilers. The treated demineralized water for feeding does not contain dissolved metal ions and other impurities, which further helps prevent any corrosion or scale formation. Thus, treated demineralized water is suitable for use as feed water for boilers. With the increasing industrial investments, the consumption of steam for power generation and heat processing is likely to increase, which would consequently boost the demand for treated water. These factors are, therefore, projected to drive the boiler water treatment chemicals market during the forecast period.
Restraints
Although boiler water treatment chemicals have a wide range of applications, certain chemicals such as dimethylaminoethanol (DEAE) and cyclohexylamine (CHA) are strong mucosal irritants and, if leaked, may cause nausea and vomiting on inhalation. Thus, various regulatory bodies, including the National Institute for Occupational Safety and Health (NIOSH), have restricted the usage of amine-based corrosion-inhibiting boiler water treatment chemicals. This, however, has affected the market growth to some extent.
Boiler Water Treatment Chemicals Market Competitive Landscape
Some of the companies operating in the global boiler water treatment chemicals market are BASF SE, Ecolab Inc., Kemira Oyj Ltd., Accepta Water Treatment Ltd., Solenis, Kurita, Suez S.A., Arkema S.A., Veolia Water Technologies, Thermax Ltd., and Chemtreat Inc.
The study provides the historical as well as the forecast size of the boiler water treatment chemicals market.
Boiler Water Treatment Chemicals Market Size Breakdown by Segments
The boiler water treatment chemicals market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Type
- Corrosion Inhibitors
- Scale Inhibitors
- Oxygen Scavengers
Based on End-Use Industry
- Power
- Oil & Gas
- Chemical & Petrochemical
- Food & Beverage
- Pulp & Paper
Geographical Analysis
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Asia-Pacific (APAC)
- China
- India
- Japan
- South Korea
- Latin America (LATAM)
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
