Boiler Water Treatment Chemicals Market size is forecast to reach $4.65 billion by 2025, after growing at a CAGR of 8.20% during 2020-2025. Boiler water is raw water used in boilers for generating steam. It is a liquid phase of steam within the boiler. The term is also used for the treated boiler feedwater, or steam condensate being returned to a boiler, or boiler blowdown being removed from a boiler. Boiler water treatment is the protection of boiler water from corrosion and other impurities. The treatment and conditioning of boiler water is done for continuous heat exchange, corrosion protection, and production of high-quality steam.
Asia-Pacific is expected to dominate the global market during the forecast period.
Boiler water treatment chemicals are chemical compounds that are used in the processing/operations of industrial boilers because of their importance in maintaining the optimum levels of operation.
Reduction in pretreatment and heat exchanger equipment costs is also expected to boost the demand for boiler water treatment chemicals.
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Geography- Segment Analysis
Asia Pacific dominated the boiler water treatment chemicals market with a share of more than 39%, followed by North America and Europe. The demand and market growth in the power, manufacturing, and industrial sectors are increasing, which, in turn, is boosting the demand for boiler water treatment systems and chemicals. Malaysia has several thermal plants under construction. The advancement of projects at a good pace is likely to drive the boiler water treatment chemicals market, during the forecast period. In China, there has been a rise in the number of nuclear power plants. Currently, over 35 nuclear power plants are operating in the region, with around 20 currently under construction. These new power plants are expected to increase the nuclear power generation capacity by 70%, by 2020-2021. The United States is the world’s largest producer of nuclear power. The United States government is planning for a number of new reactor installations, to increase nuclear-based power generation.
Drivers – Boiler Water Treatment Chemicals Market
Increasing requirement of steam and pure water from numerous end-use industry
Boiler water treatment chemicals market are Ecolab Inc., Solenis, Veolia Water Technologies, Metito, Suez SA, BWA Water Additives, Ion Exchange LLC, Kurita Water Industries Ltd, Thermax Limited, Wetico, Buckman, AES Arabia Ltd, Improchem Pty Ltd, BASF SE and ChemTreat Inc. (Danaher Corporation) among others.
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