Emerging Opportunities in Boiler Water Treatment Chemicals Market with Current Trends Analysis

Boiler water is raw water used in boilers for generating steam. It is a liquid phase of steam within the boiler. The term is also used for the treated boiler feedwater, or steam condensate being returned to a boiler, or boiler blowdown being removed from a boiler. Boiler water treatment is the protection of boiler water from corrosion and other impurities. The treatment and conditioning of boiler water is done for continuous heat exchange, corrosion protection, and production of high-quality steam. Boiler water treatment chemicals are added to the system for imparting efficiency, safety, and reliability to the system. The steam generation and heat transfer in any system can impact the fuel cost to maintenance expenses of the system. Chemicals in boiler water treatment are used for maintaining corrosion and deposition problems.

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Based on the type, the boiler water treatment chemicals market can be segmented into corrosion inhibitors, scale inhibitors, coagulants & flocculants, pH boosters, oxygen scavengers, and others. The oxygen scavengers segment holds a major share of the market, as oxygen scavengers are used to remove residual oxygen from the boiler feedwater so as to protect the boiler and control corrosion of the feed tank and the condensate return lines. The oxygen scavengers segment is followed by the scaling inhibitors segment. Scaling inhibitors are used in boiler water treatment chemicals system to prevent scaling and reduce the damages associated with scaling.

Based on end-user, the boiler water treatment chemicals market can be segmented into power, steel & metals, oil refineries, petrochemicals, textile & dyes, sugar mills, paper mills, food & beverages, and others. The power industry is a major consumer of boiler water treatment chemicals, as steam produced by boiler is largely used for power generation. The power segment is followed by steel & metals, petrochemicals, food & beverages, and oil refineries. These segments are expected to expand at a rapid rate in the next few years.

Asia Pacific dominates the global boiler water treatment chemicals market, led by growth in the power industry, development of infrastructure, and rise in urbanization in the region. Increase in population of China and India is expected to boost the construction industry in the two countries. Growth of the construction industry is anticipated to fuel the demand for boiler water treatment chemicals in developing countries such as China and India. North America is also a favorable market for boiler water treatment chemicals. Outlook for the market in Europe also appears positive. Demand for boiler water treatment chemicals in the region is estimated to remain high, though the market in the region is likely to expand at a comparatively low growth rate during the forecast period. Boiler water treatment chemicals are used on a large scale in developed countries such as Germany, France, and the U.K. The boiler water treatment chemicals market in GCC, Saudi Arabia, and South Africa is expanding rapidly. This is projected to augment the market in Middle East & Africa. The global boiler water treatment chemicals market has expanded during the last few years. This growth is driven by factors such as the requirement of fresh water by countries in the Asia-Pacific and Middle East regions and strategies adopted by industrialists to reduce the investment made for raw water treatment equipment installation and maintenance, with the help of boiler water treatment chemicals.

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Key players operating in the global boiler water treatment chemicals market are Akzo Nobel N.V., BASF SE, The Dow Chemical Company, Ecolab Inc., GE Water and Process Technologies, Kemira OYJ, Suez Environment, Veolia International, King Lee Technologies, and Ion Exchange India Ltd.

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