Boiler Water Treatment Chemicals Market Trends That Will Shape the Next Decade: Insights from Innovative Chemicals Address Common Boiler Water Challenges

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How Large Will the Boiler Water Treatment Chemicals Market Size By 2025?
The market size for boiler water treatment chemicals has seen a swift expansion in the past few years. Its projected growth is from $3.88 billion in 2024 to $4.32 billion in 2025, showing a compound annual growth rate (CAGR) of 11.3%. The notable growth during the historic period can be credited to factors such as urbanization effects, the demand within the food & beverage industry, increases in refineries, emphasis on industrial safety, and issues regarding water conservation.

How Big Is the Boiler Water Treatment Chemicals Market Size Expected to Grow by 2029?
The market size for boiler water treatment chemicals is predicted to witness significant expansion in the forthcoming years, reaching $6.61 billion by 2029, with a compound annual growth rate (CAGR) of 11.2%. The projected growth during this period can be linked to a focus on sustainable practices, worldwide manufacturing growth, increasing industrial operations, power generation expansion, and a rising hunger for energy. Key trends for this period also include decline in maintenance costs and the broadening of power generation.

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Which Key Market Drivers Powering Boiler Water Treatment Chemicals Market Expansion and Growth?
The prospect of expanding power generation demands is predicted to fuel the boiler water treatment chemicals market's progress. A power generation installation is an industrial plant that uses primary energy and one or more generators to convert mechanical energy into electrical energy. The application of chemical water treatment is vital for improving power generation effectiveness in power plants, playing a key role in ensuring the smooth operation of thermal equipment. For example, the Hydropower Status Report of June 2022, published by the UK-based non-profit international organization, the International Hydropower Association, declared a 1.9% increase in global hydroelectric capacity, to 1,360 GW, at the end of 2021 compared to 2020. Pumped storage capacity also saw a rise of 3.3% to reach 165 GW in 2021, reflecting the increased demand for power generation. Hence, the rising demand for power generation bolsters the boiler water treatment chemicals market.

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Which Fast-Growing Trends Are Poised to Disrupt the Boiler Water Treatment Chemicals Market?
Technological progression is a pivotal trend within the boiler water treatment chemicals industry. These state-of-the-art chemicals have been scientifically formulated to proactively address issues related to water use, including scale accumulation, metal corrosion, boiler water carryover, and sludge buildup. Key players in this sector are investing in technological innovation to maintain their market dominance. As an illustration, in December 2023, Thermax Ltd., a tech firm based in India, unveiled Maxtreat; a fresh range of boiler water treatment chemicals targeted at boosting the performance and durability of boiler systems. This strategic unveiling is set to meet the escalating demand for efficient water treatment solutions across various industrial sectors, especially power generation and manufacturing. Maxtreat is engineered to enhance the boiler's operational efficiency by reducing scaling and corrosion - two essential elements that can cause system breakdowns and spike maintenance costs. Thermax's Maxtreat launch illustrates their dedication to broadening their product scope in the boiler water treatment chemicals industry.

What Are the Emerging Segments in the Boiler Water Treatment Chemicals Market?
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

Subsegments:
1) By Coagulants And Flocculants: Organic Coagulants, Inorganic Coagulants
2) By Biocide And Disinfectant: Oxidizing Biocides, Non-Oxidizing Biocides
3) By Defoamer And Defoaming Agent: Silicone-Based Defoamers, Non-Silicone Defoamers
4) By PH Adjuster And Softener: PH Adjusters, Water Softening Agents
5) By Scale And Corrosion Inhibitor: Scale Inhibitors, Corrosion Inhibitors
6) By Other Products: Specialty Chemicals, Cleaning Agents

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Who Are the Global Leaders in the Boiler Water Treatment Chemicals Market?
Major companies operating in the boiler water treatment chemicals market 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., 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

Which are the Top Profitable Regional Markets for the Boiler Water Treatment Chemicals Industry?
Asia-Pacific was the largest region in the boiler water treatment chemicals market share in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the boiler water treatment chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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