Boiler Water Treatment Chemicals Industry Set to Achieve $6.42 Billion Milestone by 2029 | Steady 10.8% CAGR

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What Is the Long-Term Growth Forecast for the Boiler Water Treatment Chemicals Market Size 2025?
In recent years, there has been a significant expansion in the market size of boiler water treatment chemicals. It is projected to increase from $3.88 billion in 2024 to $4.26 billion in 2025, marking a compound annual growth rate (CAGR) of 9.9%. Factors such as the effects of urbanization, needs of the food & beverage sector, refinery growth, emphasis on industrial safety, and concerns about water conservation have all contributed to this boom in the previous period.

What CAGR is Forecasted for the Boiler Water Treatment Chemicals Market Through 2029?
Expectations suggest a swift expansion in the boiler water treatment chemicals market over the coming years, reaching a valuation of $6.42 billion by 2029. This represents a compound annual growth rate (CAGR) of 10.8%. This surge in the forecast period is primarily due to factors such as the focus on ecological sustainability, growth in global manufacturing, increase in industrial activities, extension of power generation, and a surge in energy demand. The major trends projected for this period include a decline in maintenance costs and an expansion in power generation.

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What Are the Critical Factors Driving Boiler Water Treatment Chemicals Market Development?
The boiler water treatment chemicals market is projected to grow due to the rise in demand for power generation. Power production facilities are industrial entities that convert mechanical energy into electrical energy using primary energy sources and one or more generators. The successful generation of power in power plants requires chemical water treatment, which is essential for the maintenance of thermal equipment function stability. For instance, as per the International Hydropower Association, a UK-based non-profit international body's Hydropower Status Report published in June 2022, the global installed hydroelectric capacity expanded by 1.9% to reach 1,360 GW of power generation by the end of 2021 compared to 2020. Moreover, pumped storage capacity also rose by 3.3% to reach 165 GW of power in 2021, reflecting an increased necessity for power production. Thus, the growing demand for power generation stimulates the boiler water treatment chemicals market's expansion.

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How Does the Boiler Water Treatment Chemicals Market Break Down Across Major 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

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

What Are the Major Trends Transforming the Boiler Water Treatment Chemicals Industry?
The emergence of technology plays a significant role in the development trends in the boiler water treatment chemicals industry. The focus is on the invention of scientifically superior chemicals to proactively tackle water utilization hindrances, such as scale accumulation, metal corrosion, boiler water spillage, and sludge deposits. Leading companies in the market proactively invest in technological innovations to maintain their competitive stance. For instance, in December 2023, an Indian tech firm, Thermax Ltd., introduced a novel series of boiler water treatment chemicals, Maxtreat. The introduction aims to boost the effectiveness and durability of boiler systems and is a strategic solution to the mounting demand for efficient water treatment methods across different industrial sectors, particularly in power generation and manufacturing. Maxtreat has been formulated to enhance the operational performance of boilers by reducing scaling and corrosion, the two primary reasons for system breakdowns and escalating maintenance expenses. The company's dedication to augmenting its offerings in the boiler water treatment chemicals category is evident in this introduction.

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Which Players Are Driving Innovation 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 Regions Are Driving Global Boiler Water Treatment Chemicals Market Expansion?
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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