Boiler Water Treatment Chemical Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Boiler Water Treatment Chemical Market Trends and Forecast

The future of the global boiler water treatment chemical market looks promising with opportunities in the power, oil & gas, chemical & petrochemical, food & beverage, pulp & paper, textile, and dye industries. The global boiler water treatment chemical market is expected to reach an estimated $8.5 billion by 2028 with a CAGR of 7% from 2023 to 2028. The major drivers for this market are rapid industrialization, growing demand for power generation, and rising number of nuclear projects in the emerging economies.

A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.

Boiler Water Treatment Chemical Market by Segment

The study includes trends and forecast for the global boiler water treatment chemical market by type, end use industry, and region, as follows:

Boiler Water Treatment Chemical Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:

• Corrosion Inhibitors
• Scale Inhibitors
• Oxygen Scavengers

Boiler Water Treatment Chemical Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:

• Power
• Oil & Gas
• Chemical & Petrochemical
• Food & Beverage
• Pulp & Paper

Boiler Water Treatment Chemical Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Boiler Water Treatment Chemical Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, boiler water treatment chemical companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the boiler water treatment chemical companies profiled in this report include-

• Ecolab
• Solenis
• Veolia Water Technologies
• Metito
• Suez SA

Boiler Water Treatment Chemical Market Insights

• Lucintel forecasts that corrosion inhibitors will remain the largest type segment over the forecast period due to increasing application in thermal, nuclear, and hydropower plants for their steam circuits, which are susceptible to deterioration.
• Power is expected to remain the largest end use industry segment due to growing the number of nuclear projects and increasing demand for electricity so as to meet the requirement of industrial, commercial, and household sectors.
• APAC will remain the largest region due to the rapid urbanization, rise in the number of nuclear power plants along with expansion in the power generation capacity, and increasing power consumption in developing economies, such as China, Malaysia, Vietnam, and India.

Features of the Boiler Water Treatment Chemical Market

• Market Size Estimates: Boiler water treatment chemical market size estimation in terms of value ($B)
• Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Boiler water treatment chemical market size by various segments, such as by type, end use industry, and region
• Regional Analysis: Boiler water treatment chemical market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different types, end use industries, and regions for the boiler water treatment chemical market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the boiler water treatment chemical market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the boiler water treatment chemical market size?

Answer: The global boiler water treatment chemical market is expected to reach an estimated $8.5 billion by 2028.

Q2. What is the growth forecast for boiler water treatment chemical market?

Answer: The global boiler water treatment chemical market is expected to grow with a CAGR of 7% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the boiler water treatment chemical market?

Answer: The major drivers for this market are rapid industrialization, growing demand for power generation, and rising number of nuclear projects in the emerging economies.

Q4. What are the major segments for boiler water treatment chemical market?

Answer: The future of the boiler water treatment chemical market looks promising with opportunities in the power, oil & gas, chemical & petrochemical, food & beverage, pulp & paper, textile, and dye industries.

Q5. Who are the key boiler water treatment chemical companies?

Answer: Some of the key boiler water treatment chemical companies are as follows:

• Ecolab
• Solenis
• Veolia Water Technologies
• Metito
• Suez SA

Q6. Which boiler water treatment chemical segment will be the largest in future?

Answer:Lucintel forecasts that corrosion inhibitors will remain the largest type segment over the forecast period due to increasing application in thermal, nuclear, and hydropower plants for their steam circuits, which are susceptible to deterioration.

Q7. In boiler water treatment chemical market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region due to rapid urbanization, rise in the number of nuclear power plants along with expansion in the power generation capacity, and increasing power consumption in developing economies, such as China, Malaysia, Vietnam, and India.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising, high-growth opportunities for the global boiler water treatment chemical market by type (corrosion inhibitors, scale inhibitors, and oxygen scavengers), end use industry (power, oil & gas, chemical & petrochemical, food & beverage, pulp & paper, textile, and dye industry), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?