Boiler Water Treatment Chemicals Market

Boiler Water Treatment Chemicals Market size was valued at USD 4.37 Billion in 2023 and Boiler Water Treatment Chemicals Revenue is expected to grow at a CAGR of 10.8 % from 2024 to 2030, reaching nearly USD 8.96 Billion in 2030.

Boiler Water Treatment Chemicals Market Overview:

Boiler water treatment is the conditioning and treatment of boiler feed water for three main purposes that are continuous heat exchange, quality steam protection, and corrosion protection. Boilers are meant to heat fluids, which are subsequently evaporated or heated and utilized for heating purposes and other industrial activities such as sanitation and cooking.

To know about the Research Methodology :- Request Free Sample Report

The suitability factor of the boiler treatment program is the regulatory requirements. In plants that are governed by the U.S. Food and Drug Administration (FDA) or the U.S. Department of Agriculture (USDA) and in which the steam contacts food or surfaces that contact food, the boiler water treatment chemicals must be formulated using only ingredients that are listed in 21 CFR § 173.310. It is the responsibility of plant personnel to ensure that the boiler water chemicals used in their facility are approved for the application. Usually accomplished by obtaining a letter from the water treatment company that certifies that the chemical products in use in their boiler system meet the approval. According to the International Energy Agency's (IEA) monthly figures, total electricity production in Europe in February 2023 was 284.756 TWh, while total electricity production in the first two months of 2023 was more than 602 TWh. Boiler water treatment systems and chemicals are in higher demand as a result of rising demand and market growth in the manufacturing, power, and industrial sectors. Along with solar and wind power facilities.

Boiler Water Treatment Chemicals Market Dynamics:

Industrialization’s Impact on the Boiler Water Treatment Chemicals Market

The increasing industrialization is expected to propel the growth of the boiler water treatment chemicals market. Industrialization involves the establishment and development of various industries, such as manufacturing, power generation, and chemical processing. Increasing requirements for steam and pure water from numerous end-use industries also raise the boiler water treatment market through the forecast period. Boiler water treatment involves three main factors namely corrosion protection, a continuous exchange of heat, and high-quality steam production. The chemicals are added to enhance the reliability, safety, and efficiency of the system. Rising demand for power generation increases the need for boiler technology, which pushes the demand growth of the boiler water treatment chemicals market.

Technological Advancements in Boiler Water Treatment Chemicals

Technological advancement is a key trend in the boiler water treatment chemical market. Technologically advanced chemicals were created scientifically to preventatively handle issues with water users, scale buildup, metallic corrosion, boiler water carryover, and sludge deposition. Some industrial and utility boilers use No. 6 oil as the alternate fuel. No. 6 is a heavy residual oil that must be heated to approximately 150oF to be easily pumped. If No. 6 oil were fed to a boiler that was set up to burn No. 2, the burner would not burn the fuel efficiently, and the unit’s combustion efficiency would decrease. No. 6 oil is not a good “fit” for a boiler set up to burn no. 2. The shifting focus on the usage of green chemicals and development in chemical technology likely provide a major growth opportunity for the market studied through the forecast period.

Navigating Challenges and Opportunities

The growth of the boiler water treatment chemical market is hampered through the forecast period by scale deposition factors in boiler water treatment chemicals. Additionally, strict environmental regulations that are imposed by various governments for the use of boilers limit market growth for boiler water treatment. On the other hand, through the forecast period, key players benefit financially from technological advancements that improve the properties of chemicals used to treat boiler water, such as scale inhibitors, corrosion inhibitors, and heat effectiveness.

Boiler Water Treatment Chemicals Market Segmentation:

By Type, the Scale & Corrosion Inhibitor type dominated the market with the highest market share of 60 % in 2023. Boiler water treatment chemicals are necessary to prevent scale and corrosion problems. Chemicals called scale inhibitors are used in boilers to stop the growth of scale deposits. Corrosion inhibitors are chemicals that shield metals found in the boiler system, oxygen, moisture, and other elements from corroding boiler components. The market for boiler water treatment chemicals’ scale and corrosion inhibitors is driven by the need to increase boiler efficiency, lower energy costs, and reduce equipment downtime. Equipment and parts of water systems have a lower quality of life and a shorter overall life expectancy due to scale (the accumulation of mineral deposits) and corrosion (the deterioration of metal). Scale and corrosion quickly wreak havoc if the proper preventative measures are not implemented, leading to problems like leaks and equipment failure. Necessitate shutdown and expensive repairs. Additionally, scale is brought on by the buildup of complex salts in the boiler system. In contrast, corrosion brought on by the water's acidity throws the pH of the boiler water out of balance. Chemical treatments called corrosion inhibitors are used to delay or halt corrosive damage.

Boiler Water Treatment Chemicals Market Regional Insight:

Asia Pacific dominates the boiler water treatment chemicals market with a share of more than 50%, followed by North America and Europe. Scale inhibitors are currently dominating the Asia-Pacific boiler water treatment chemicals market. Through boiler water operation at industrial plants, the pipelines accumulate scale on their walls. The scales if untreated can cause overheating, reduced efficiency in heat transfer, tube failures, and restricted circulation, which in turn reduce the reliability of the boiler water system. China accounts for the major share of the Asia-Pacific boiler water treatment chemicals market. The major industries in the country with extensive usage of boiler water, where the treatment of the water is necessary, are the power industry, the food processing industry, the industrial equipment manufacturing industry, the pharmaceutical industry, and the processed metals industry. China has one of the largest pharmaceutical industries in the world. Generics, therapeutic drugs, active pharmaceutical ingredients, and traditional Chinese medicine are all produced nationwide. More than 90% of the nation's legally registered medications are generic. It is projected that China's pharmaceutical industry grow to 3 trillion CNY through the forecast period. The world's largest producer of chemicals is China. Additionally, over 35% of the region's total chemical sales were made in China. The market under study is expected to increase through the forecast period owing to the country's burgeoning chemical and pharmaceutical industries. The food processing sector is maturing and expanding at a moderate rate.

In India, the food and beverage industry is experiencing rapid expansion, driven by factors such as increasing consumer demand, urbanization, and a rise in disposable income. This remarkable growth has led to a surge in the demand for BWTCs. West India, comprising states like Maharashtra and Gujrat, is renowned for its industrial prowess. The states boast a multitude of thriving sectors, including power, oil & gas, and manufacturing, all of which heavily rely on boilers and, consequently, BWTCs.

Boiler Water Treatment Chemicals Market Competitive Landscape:

1. 22 May 2023: BASF’s Coatings division has launched a crowdsourcing digital tool to streamline and enhance color formula search for customers of its two paint brands, NORBIN and Shancai.

2. 22 March 2023: BASF introduced a new Ultramid Deep Gloss grade, optimized for highly glossy automotive interior parts, and applied for the first time to the garnish of Toyota ‘s new Prius

3. In January 2023, Kemira, a chemical solutions provider for water-intensive industries, completed the full acquisition of SimAnalytics. This strategic move enhances Kemira's ability to provide data-driven predictive services and machine-learning solutions to support its customers' businesses effectively. Through this acquisition, Kemira strengthens its portfolio and reinforces its commitment to delivering advanced and tailored solutions to meet evolving industry needs.

4. In March 2023, WABAG was recognized by Water Digest, and WABAG has been conferred with the “Best Water Treatment Solution Provider” at the Water Digest Water Awards 2022 – 23. WABAG has been a preferred partner for various governments and industries across the globe for providing innovative and advanced water treatment solutions and thereby ensuring safe and clean drinking water and sustainable sanitation for millions of people.

Boiler Water Treatment Chemicals Market Scope: Inquire before buying

Boiler Water Treatment Chemicals Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Boiler Water Treatment Chemicals Market Key Players:

1. Veolia Water Technologies - France
2. Suez Water Technologies & Solutions - France
3. Ecolab Inc. - United States
4. Kurita Water Industries Ltd. - Japan
5. ChemTreat, Inc. (a subsidiary of Danaher Corporation) - United States
6. Nalco Water (an Ecolab Company) - United States
7. GE Water & Process Technologies (now part of SUEZ) - United States
8. Solenis LLC - United States
9. AkzoNobel N.V. - Netherlands
10. BASF SE - Germany
11. Dow Chemical Company - United States
12. Solenis LLC - United States
13. Accepta - United Kingdom
14. Kemira Oyj - Finland
15. SNF Group - France
16. Aries Chemical, Inc. - United States
17. Hydrite Chemical Co. - United States
18. Buckman Laboratories International, Inc. - United States
19. Kemira Oyj - Finland
20. Lonza Group Ltd. - Switzerland

Frequently Asked Questions:

1] What segments are covered in the Boiler Water Treatment Market report?
Ans. The segments covered in the Boiler Water Treatment Market report are based on, Type, Application, and End Users.

2] Which region is expected to hold the highest share in the Boiler Water Treatment Market?
Ans. The Asia Pacific region is expected to hold the highest share of the Boiler Water Treatment Market.

3] What is the market size of the Boiler Water Treatment Market by 2030?
Ans. The market size of the Boiler Water Treatment Market by 2030 will be USD 8.96 Billion.

4] What is the forecast period for the Boiler Water Treatment Market?
Ans. The Forecast period for the Boiler Water Treatment Market is 2024- 2030.