Boiler Water Treatment Chemicals Market Market To Reach $5.9 Bn, Globally, By 2033 At 10.9% CAGR

The boiler water treatment chemicals market size has grown rapidly in recent years. It will grow from $3.5 billion in 2023 to $3.9 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to urbanization impact, food & beverage industry requirements, expansion in refineries, industrial safety focus, water conservation concerns.

The boiler water treatment chemicals market size is expected to see rapid growth in the next few years. It will grow to $5.9 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to emphasis on sustainable practices, global manufacturing growth, rising industrial activities, expansion of power generation, increasing demand for energy. Major trends in the forecast period include maintenance cost reduction, expansion of power generation.

Market Overview -
Boiler water treatment chemicals extend a boiler's lifespan by reducing or removing internal corrosion and scaling. Boiler water treatment chemicals include oxygen scavengers, alkalinity boosters for preventing corrosion, and antiscalants to inhibit boiler scale buildup.

Download Free Sample of Report -

https://www.thebusinessresearchcompany.com/sample.aspx?id=8254&type=smp

Rising Demand For Power Generation
The increase in demand for power generation is expected to propel the growth of the boiler water treatment chemicals market going forward. Power generation installations refer to an industrial building that produces electricity using primary energy and one or more generators to transform mechanical energy into electrical energy. 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. Therefore, the increasing demand for power generation drives the boiler water treatment chemicals market.

Competitive Landscape -
Major companies operating in the boiler water treatment chemicals market report are Ecolab Inc., Suez SA, Kemira Oyj, Kurita Water Industries Ltd., Solenis LLC, Arkema SA, BASF SE, ChemTreat Inc., Thermax Limited, Dow Inc., Eastman Chemical Company, GE Water & Process Technologies, Henkel AG & Co. KGaA, Italmatch Chemicals SpA, King Lee Technologies, Lonza Group Ltd., Ecolab Company, Nippon Rensui Co. Ltd., SUEZ Water Technologies & Solutions, Veolia Water Technologies & Solutions, Accepta Water Treatment Ltd., Aries Chemical Inc., Buckman Laboratories International Inc., Chemtex Speciality Limited, Cortec Corporation, Luminor Environmental Inc., Nouryon Chemicals Holding B.V, Solvay SA, US Water Services Inc., Albemarle Corporation

Teri's Advanced Oxidation Technology (TADOX) Paves The Way For Sustainable Solutions
Technological advancement is a key trend in the boiler water treatment chemicals market. 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 August 2021, The Energy and Resources Institute (TERI), an India-based research institute, developed a technology called The Advanced Oxidation Technology or TADOX. This technology reduces the load and dependence on tertiary and biological treatment systems, helping to achieve Zero Liquid Discharge (ZLD). TADOX uses UV-Photocatalysis to treat municipal sewage and highly polluting industrial wastewater streams. The technology is designed to be integrated and retrofittable in existing treatment systems, making it a viable option as a novel Decentralized Wastewater Treatment Technology (DWTT) applicable in upcoming and existing infrastructural projects, townships, commercial complexes, green buildings, and smart cities.

Browse Full Report @

https://www.thebusinessresearchcompany.com/report/boiler-water-treatment-chemicals-global-market-report

Key Segments -

The boiler water treatment chemicals market covered in this report 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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.