Boiler Water Treatment Chemicals Market by Type (Corrosion Inhibitors, Scale Inhibitors, Oxygen Scavengers), End-Use Industry (Power, Oil & Gas, Chemical & Petrochemical, Food & Beverage, Pulp & Paper), and Region - Global Forecast to 2022

  • ID: 4427757
  • Report
  • Region: Global
  • 126 Pages
  • Markets and Markets
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Boiler Water Treatment Chemicals Market Projected to Reach USD 4.35 Billion by 2022, at a CAGR of 10.1%

FEATURED COMPANIES

  • Accepta Water Treatment
  • BASF
  • Chemtex Speciality
  • Ecolab
  • Ion Exchange
  • Solenis
  • MORE

"The boiler water treatment chemicals market is projected to grow at a CAGR of 10.1% from 2017 to 2022."

The boiler water treatment chemicals market is projected to grow from USD 2.68 billion in 2017 to USD 4.35 billion by 2022, at a CAGR of 10.1% from 2017 to 2022. The increasing demand for chemically treated boiler water from various end users is expected to drive the growth of the boiler water treatment chemicals market across the globe during the forecast period. In addition, the growing demand for energy is also expected to propel the demand for boiler water treatment chemicals across the globe between 2017 and 2022. The deposits formation due to non-volatile nature of specific boiler water treatment chemicals is a major restraint for the growth of the boiler water treatment chemicals market.

"In terms of value, the corrosion inhibitors type segment of the boiler water treatment chemicals market is projected to grow at the highest CAGR during the forecast period."

In terms of value, the corrosion inhibitors type segment of the boiler water treatment chemicals market is projected to grow at the highest CAGR during the forecast period. Corrosion inhibitors are used for condensate line treatment in boiler systems to protect them from corrosion. As the temperature of water increases, the chances of corrosion also increases. Thus, to protect boiler systems from corrosion, corrosion inhibitors are used in various industries such as power, oil & gas, and chemical & petrochemical. With the growth of industrialization, especially in emerging countries, the consumption of these corrosion inhibitors is also increasing.

"The Asia-Pacific boiler water treatment chemicals market is projected to grow at the highest CAGR during the forecast period."

The Asia-Pacific boiler water treatment chemicals market is projected to grow at the highest CAGR during the forecast period. The growing number of automotive worldwide, increasing global population, rapid urbanization, which increases the demand for power in the region, in turn, increases the demand for boiler water treatment chemicals. In addition, the increasing scope of exploration of oil & gas and their production, easy availability of low-cost labor, and affordable raw material prices in the Asia-Pacific region are the factors fueling the growth of the boiler water treatment chemicals market during the forecast period.

The market sizes estimated in this study have been validated through primary interviews conducted with various industry experts, globally.

These primary sources have been divided into three categories:

  • By Company Type: Tier 1 - 25%, Tier 2 - 50%, and Tier 3 - 25%
  • By Designation: C Level - 20%, Director Level - 30%, and Others - 50%
  • By Region: North America - 20%, Europe - 30%, Asia-Pacific - 25%, South America - 15%, and the Middle East & Africa - 10%

The report profiles leading players in the boiler water treatment chemicals market that include BASF (Germany), Ecolab (U.S.), Kemira (Finland), Solenis (Finland), Kurita (Japan), SUEZ (France), Arkema (France). The report also includes competitive strategies adopted by these key players to strengthen their position in the boiler water treatment chemicals market.

Research Coverage

The objective of this study is to define, describe, and forecast the boiler water treatment chemicals market based on various segmentations and strategically analyze the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. In this report, the boiler water treatment chemicals market has been segmented based on type, end-use industry, and region.

Reasons to Buy the Report

The report is expected to help market leaders/new entrants in this market in the following ways:

1. This report comprehensively segments the boiler water treatment chemicals market and provides the closest approximations for the sizes of different market segments and subsegments across different verticals and regions.

2. This report is expected to help stakeholders in obtaining an improved understanding of their competitors and gain insights about their businesses. The competitive landscape section includes detailed information about new product launches, mergers, joint venture & acquisitions, investments & expansions, and agreements that have been undertaken by the key players to enhance their position in the boiler water treatment chemicals market.

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FEATURED COMPANIES

  • Accepta Water Treatment
  • BASF
  • Chemtex Speciality
  • Ecolab
  • Ion Exchange
  • Solenis
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Units Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Significant Opportunities in the BWTC Market
    4.2 BWTC Market Size, By Type
    4.3 BWTC Market Share, By Region
    4.4 BWTC Market Size, By End-Use Industry
    4.5 BWTC Market Share, By End-Use Industry and Region

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Power
                    5.2.1.2 Degrading Quality of Water
           5.2.1 Restraints
                    5.2.1.1 Deposit Formation Due to Non-Volatile Nature of Certain BWTC
           5.2.2 Opportunities
                    5.2.2.1 Growing Industrialization in Emerging Economies
                    5.2.2.2 Increase in the Demand for Specific Formulations
           5.2.3 Challenges
                    5.2.3.1 Requirement of Technical Expertise in Handling and Operation of Certain BWTC
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 BWTC Market, By Type
    6.1 Introduction
    6.2 Corrosion Inhibitors
    6.3 Scale Inhibitors
           6.3.1 Phosphonates
           6.3.2 Carboxylates/Acrylic
           6.3.3 Chelating Agents
           6.3.4 Others
    6.4 Oxygen Scavengers
           6.4.1 Sodium Sulfite
           6.4.2 Hydrazine
           6.4.3 Deha
           6.4.4 Others
    6.5 Others

7 BWTC Market, By End-Use Industry
    7.1 Introduction
    7.2 Power
    7.3 Oil & Gas
    7.4 Chemical & Petrochemical
    7.5 Food & Beverage
    7.6 Pulp & Paper
    7.7 Others

8 Boiler Water Treatment Chemicals Market, By Region
    8.1 Introduction
    8.2 APAC
           8.2.1 China
           8.2.2 India
           8.2.3 Japan
           8.2.4 South Korea
           8.2.5 Rest of APAC
    8.3 North America
           8.3.1 U.S.
           8.3.2 Canada
           8.3.3 Mexico
    8.4 Europe
           8.4.1 Germany
           8.4.2 U.K.
           8.4.3 France
           8.4.4 Italy
           8.4.5 Rest of Europe
    8.5 Middle East & Africa
           8.5.1 Saudi Arabia
           8.5.2 South Africa
           8.5.3 UAE
           8.5.4 Rest of Middle East & Africa
    8.6 South America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Rest of South America

9 Competitive Landscape
    9.1 Overview
    9.2 Market Ranking of Key Players
           9.2.1 Ecolab
           9.2.2 Suez
           9.2.3 Kemira
           9.2.4 Kurita Water Industries
           9.2.5 Solenis
    9.3 Competitive Situation and Trends
           9.3.1 Mergers, Joint Ventures & Acquisitions
           9.3.2 Investments & Expansions
           9.3.3 New Product Launches
           9.3.4 Agreements

10 Company Profiles
Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments
     10.1 Ecolab
     10.2 Suez
     10.3 Kemira
     10.4 Kurita Water Industries
     10.5 Solenis
     10.6 Arkema
     10.7 BASF
     10.8 Chemtreat
     10.9 Thermax
     10.10 Veolia Water Technologies
*Details Might Not Be Captured in Case of Unlisted Companies.
     10.11 Other Key Players
             10.11.1 Accepta Water Treatment
             10.11.2 Aries Chemical
             10.11.3 Akzo Nobel
             10.11.4 Buckman Laboratories
             10.11.5 BWA Water Additives UK
             10.11.6 Chemfax Products
             10.11.7 Chemtex Speciality
             10.11.8 Dowdupont
             10.11.9 Eastman
             10.11.10 Feedwater
             10.11.11 Guardian Chemicals
             10.11.12 Henkel
             10.11.13 Ion Exchange
             10.11.14 Lenntech
             10.11.15 Vasu Chemicals

List of Tables
Table 1 Boiler Water Treatment Chemicals Market Size, By Type, 2015-2022 (USD Million)
Table 2 Boiler Water Treatment Chemicals Market Size, By Type, 2015-2022 (Kiloton)
Table 3 Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 4 Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 5 Boiler Water Treatment Chemicals Market Size, By Region, 2015-2022 (USD Million)
Table 6 Boiler Water Treatment Chemicals Market Size, By Region, 2015-2022 (Kiloton)
Table 7 APAC: Boiler Water Treatment Chemicals Market Size, By Country, 2015-2022 (USD Million)
Table 8 APAC: Boiler Water Treatment Chemicals Market Size, By Country, 2015-2022 (Kiloton)
Table 9 APAC: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 10 APAC: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 11 Macroeconomic Factors of Key APAC Countries
Table 12 China: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 13 China: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 14 India: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 15 India: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 16 Japan: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 17 Japan: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 18 South Korea: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 19 South Korea: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 20 Rest of APAC: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 21 Rest of APAC: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 22 North America: Boiler Water Treatment Chemicals Market Size, By Country, 2015-2022 (USD Million)
Table 23 North America: Boiler Water Treatment Chemicals Market Size, By Country, 2015-2022 (Kiloton)
Table 24 North America: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 25 North America: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 26 Macroeconomic Factors in Key North American Countries
Table 27 U.S.: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 28 U.S.: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 29 Canada: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 30 Canada: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 31 Mexico: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 32 Mexico: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 33 Europe: Boiler Water Treatment Chemicals Market Size, By Country, 2015-2022 (USD Million)
Table 34 Europe: Boiler Water Treatment Chemicals Market Size, By Country, 2015-2022 (Kiloton)
Table 35 Europe: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 36 Europe: Boiler Water Treatment Chemicals Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 37 Macroeconomic Factors in Key European Countries
Table 38 Germany: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 39 Germany: BWTC Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 40 U.K.: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 41 U.K.: BWTC Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 42 France: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 43 France: BWTC Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 44 Italy: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 45 Italy: BWTC Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 46 Rest of Europe: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 47 Rest of Europe: BWTC Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 48 Middle East & Africa: BWTC Market Size, By Country, 2015-2022 (USD Million)
Table 49 Middle East & Africa: BWTC Market Size, By Country, 2015-2022 (Kiloton)
Table 50 Middle East & Africa: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 51 Middle East & Africa: BWTC Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 52 Macroeconomic Factors in Key Middle East & Africa Countries
Table 53 Saudi Arabia: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 54 Saudi Arabia: BWTC Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 55 South Africa: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 56 South Africa: BWTC Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 57 UAE: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 58 UAE: BWTC Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 59 Rest of Middle East & Africa: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 60 Rest of Middle East & Africa: BWTC Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 61 South America: BWTC Market Size, By Country, 2015-2022 (USD Million)
Table 62 South America: BWTC Market Size, By Country, 2015-2022 (Kiloton)
Table 63 South America: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 64 South America: BWTC Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 65 Macroeconomic Factors in Key South American Countries
Table 66 Brazil: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 67 Brazil: BWTC Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 68 Argentina: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 69 Argentina: BWTC Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 70 Rest of South America: BWTC Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 71 Rest of South America: BWTC Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 72 Mergers, Joint Ventures & Acquisitions, 2015-2017
Table 73 Investments & Expansions, 2015-2017
Table 74 New Product Launches, 2015-2017
Table 75 Agreements, 2015-2017

List of Figures
Figure 1 Boiler Water Treatment Chemicals Market: Market Segmentation
Figure 2 BWTC Market: Research Methodology
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 BWTC Market: Data Triangulation
Figure 6 Power to Be the Largest End-Use Industry Between 2017 and 2022
Figure 7 Corrosion Inhibitors to Lead BWTC Market Between 2017-2022
Figure 8 APAC to Be the Fastest-Growing Market During the Forecast Period
Figure 9 Attractive Growth Opportunities in BWTC Market Between 2017 and 2022
Figure 10 Scale Inhibitors Accounted for the Largest Market Share in 2016
Figure 11 APAC Accounted for the Largest Market Share in 2016
Figure 12 Power End-Use Industry to Lead BWTC Market Between 2017 and 2022
Figure 13 Power Was the Largest End-Use Industry of BWTC Market in 2016
Figure 14 Drivers, Restraints, Opportunities, and Challenges in BWTC Market
Figure 15 Porter’s Five Forces Analysis
Figure 16 Corrosion Inhibitors to Be the Fastest-Growing Type During the Forecast Period
Figure 17 Power to Be the Largest End-Use Industry During Forecast the Period
Figure 18 China to Register the Highest CAGR in BWTC Market Between 2017 and 2022
Figure 19 Power is the Largest End-Use Industry of BWTC in APAC
Figure 20 Power to Be Largest Consumer of BWTC in North America
Figure 21 South Africa to Be Fastest-Growing BWTC Market in Middle East & Africa
Figure 22 Companies Adopted Mergers, Joint Ventures & Acquisitions as the Key Growth Strategy Between 2015 and 2017
Figure 23 Ranking of BWTC Manufacturers, 2016
Figure 24 Maximum Number of Developments Witnessed in 2015
Figure 25 Ecolab: Company Snapshot
Figure 26 Ecolab: SWOT Analysis
Figure 27 Suez: Company Snapshot
Figure 28 Suez: SWOT Analysis
Figure 29 Kemira: Company Snapshot
Figure 30 Kemira: SWOT Analysis
Figure 31 Kurita Water Industries: Company Snapshot
Figure 32 Kurita Water Industries: SWOT Analysis
Figure 33 Arkema: Company Snapshot
Figure 34 BASF: Company Snapshot
Figure 35 Thermax: Company Snapshot
Figure 36 Veolia Water Technologies: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Accepta Water Treatment
  • BASF
  • Chemtex Speciality
  • Ecolab
  • Ion Exchange
  • Solenis
  • MORE

The boiler water treatment chemicals market is projected to reach USD 4.35 Billion by 2022, at a CAGR of 10.1% from 2017 to 2022. The increasing demand for chemically treated water from various end-use industries is expected to drive the growth of the boiler water treatment chemicals market across the globe during the forecast period. The degrading quality of water and aging infrastructure are the factors that are expected to fuel the growth of the boiler water treatment chemicals market during the forecast period.

Based on type, the corrosion inhibitors segment is projected to lead the boiler water treatment chemicals market, in terms of volume, during the forecast period. This segment is projected to grow at the highest CAGR, in terms of volume, between 2017 and 2022. Corrosion inhibitors decrease the rate of corrosion rate of boilers by forming a passivation layer to the metal surface of the boiler systems. The performance of these chemicals depends upon the quality of the makeup water used by various end-use industries. Growing industrialization in emerging economies is also expected to fuel the growth of this segment during the forecast period.

Based on end-use industry, the power segment is projected to lead the boiler water treatment chemicals market, in terms of volume, during the forecast period. The growth of this segment can be attributed to rapid urbanization and continuously growing population across the globe. This, in turn, has led to an increased demand for power. Moreover, the rise in the number of nuclear projects in emerging economies across the globe is also contributing to the demand for boiler water treatment chemicals for power.

Boiler Water Treatment Chemicals Market

The Asia-Pacific region is expected to be the largest market for boiler water treatment chemicals during the forecast period. A large industrial base and increasing demand for power are the factors expected to fuel the growth of the Asia-Pacific boiler water treatment chemicals market between 2017 and 2022. In addition, government initiatives and policies to attract investments from various international companies are also expected to propel the growth of the Asia-Pacific boiler water treatment chemicals market during the forecast period.

The requirement for technical expertise to handle and operate certain boiler water treatment chemicals is the major challenges for the growth of the boiler water treatment chemicals market between 2017 and 2022.

BASF (Germany), Ecolab (U.S.), Solenis (Finland), Kurita (Japan), SUEZ (France), Arkema (France), and Kemira (Finland) are the key players operating in the boiler water treatment chemicals market. These market leaders adopted various organic as well as inorganic growth strategies between January 2015 and October 2017 to strengthen their position in the boiler water treatment chemicals market. The strategy of mergers, joint venture & acquisitions was among the major growth strategies adopted by the leading market players to enhance their regional presence and meet the growing demand for boiler water treatment chemicals in emerging economies.

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  • Accepta Water Treatment
  • Akzo Nobel
  • Aries Chemical
  • Arkema
  • BASF
  • BWA Water Additives UK
  • Buckman Laboratories
  • Chemfax Products
  • Chemtex Speciality
  • Chemtreat
  • Dowdupont
  • Eastman
  • Ecolab
  • Feedwater
  • Guardian Chemicals
  • Henkel
  • Ion Exchange
  • Kemira
  • Kurita Water Industries
  • Lenntech
  • Solenis
  • Suez
  • Thermax
  • Vasu Chemicals
  • Veolia Water Technologies
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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