Boiler Water Treatment Chemicals Market Trends And Latest News, Investment Scope, Deep-Dive Insights Outlook Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Boiler Water Treatment Chemicals Global Market Report 2023 identifies rise in increase in demand for power generation as the major driver for the Boiler Water Treatment Chemicals market's growth in the forecast period. 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.

The global boiler water treatment chemicals market size is expected to grow from $3.15 billion in 2022 to $3.52 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The boiler water treatment chemicals market is expected to grow to $5.29 billion in 2027 at a CAGR of 10.7%.

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Major competitors in the Boiler Water Treatment Chemicals market are Ecolab Inc., Suez SA, Kemira Oyj, Kurita Water Industries Ltd., Solenis, Arkema S.A., BASF SE, ChemTreat Inc., Thermax Ltd., Veolia Water Technologies, Accepta Water Treatment, Akzo Nobel, Buckman Laboratories International Inc., BWA Water Additives UK Limited, Chemtex Speciality Limited, DuPont de Nemours Inc.

A key trend in the Boiler Water Treatment Chemicals market includes Technological advancement. The 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 November 2020, Wilhelmsen Chemicals AS, a Norway-based company operating in boiler water treatment chemicals, introduced the Digi boiler automated dosing system, the world's first digital water test and treatment system for boilers, approved by DNV, the internationally accredited registrar.

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The Boiler Water Treatment Chemicals market 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

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Boiler Water Treatment Chemicals market.

The Business Research Company's "Global Boiler Water Treatment Chemicals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Boiler Water Treatment Chemicals Market Include:
1. Executive Summary
2. Boiler Water Treatment Chemicals Market Characteristics
3. Boiler Water Treatment Chemicals Market Trends And Strategies
4. Boiler Water Treatment Chemicals Market - Macro Economic Scenario
5. Boiler Water Treatment Chemicals Market Size And Growth
……
27. Boiler Water Treatment Chemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Boiler Water Treatment Chemicals Market
29. Boiler Water Treatment Chemicals Market Future Outlook and Potential Analysis
30. Appendix

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