Stringent Environmental Laws on Industrial Water Treatment Process
US and Canada are upgrading their environmental regulations, because of which there are increasing mandates on industrial water treatment and recycling. Government authorities are focusing on the reduction of industrial wastewater discharge to protect the environment. They are providing funds and incentives to encourage organizations invest in water treatment chemicals. Further, these governments are funding for the research of new technologies with regard to water treatment chemicals. The growing environmental concern, which has led to stringent government rules, is resulting in a rapid growth in the consumption of boiler water treatment chemicals by industrial end-users, like power, and food & beverage industries.
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.
Growing Demand for Oxygen Scavengers
The oxygen scavengers are scientifically formulated to combat the detrimental effects of oxygen related corrosion in industrial boiler systems, hot water systems, and steam raising plant and so help reduce maintenance costs, maintain boiler efficiency, and extend plant and equipment life. Because of this the industrial demand for oxygen scavengers is increasing. Additionally, augmenting demand from chemical and pharmaceutical industries is anticipated to accelerate the market growth of oxygen scavengers. Due to the expanding uses of oxygen scavengers, a large number of manufacturers are inclined toward the market for the development of less toxic scavengers in an attempt to stay competitive. North America is the leading market for oxygen scavengers owing to the growing concerns regarding the protection and efficiency of power plants. Extensive research & development carried out by major market players in countries, such as the U.S. and Canada is anticipated to propel market growth.
United States Dominates the Market
In the United States, which accounts for 66% market share of North America boiler water treatments chemicals, the boiler water treatment chemicals market is estimated to register a fastest CAGR during the forecast period. The major industries in the country with an extensive usage of boiler water, where the treatment of the water is necessary, are the power industry, the petrochemical industry, the steel industry, the food processing industry etc. Power industry, which has highest application of water treatment chemicals, uses boiling water in huge amount. The number of natural gas-fired power plants is on a rise in US. About 10% of the water drawn for the petroleum industry is for boiling water requirement. By 2021, steel production is expected to increase by 8% in US, which further will increase the need for boiling water and the chemicals used to maintain the quality of water used. This ensure that demand for boiler water treatment chemicals will remain high in United States and it will continue to dominate the market in near future.
Notable Developments in the Market
October 2017: SUEZ finalized the acquisition of GE Water & Process Technologies.
Major Players: DowDuPont, American Water Chemicals, Ecolab, BASF SE, SUEZ, amongst others.
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Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Countries expected to witness the fastest growth during the forecast period
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1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Accelerating Usage in Power generation and Process Industries
4.1.2 Stringent Environmental Laws on Industrial Water Treatment Process
4.1.3 Growing popularity of Zero Liquid Blowdown
4.2.1 Hazardous Nature of Hydrazine
4.3.1 Shifting Focus towards the Usage of Green Chemicals
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Type
5.1.1 Corrosion Inhibitor
5.1.2 Scale Inhibitors
5.1.3 Coagulants & Flocculants
5.1.4 pH Boosters
5.1.5 Oxygen Scavengers
5.2 By Application
5.2.1 Power Industry (Power Plants)
5.2.2 Steel & Metal industry
5.2.3 Oil Refineries (for Oil industry)
5.2.4 Petrochemicals industry
5.2.5 Textile & Dyes industry
5.2.6 Sugar Mills
5.2.7 Paper Mills
5.2.8 Food & Beverage industry
5.2.9 Institutional (Facility Management)
6. Regional Analysis
6.1 United States
6.4 Rest of North America
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Akzo Nobel NV
8.2 Alkema Solutions (American Water Chemicals, Inc.)
8.3 BASF SE
8.4 Berwind (BWA Water Additives)
8.5 Ecolab Inc. (Nalco)
8.6 Genesys International Ltd.
8.7 Solenis International LP
8.8 H2O Innovation Inc.
8.9 Helamin Technology Holding Group
8.10 Italmatch Chemicals S.p.A
8.11 Reverse Osmosis Chemicals International
8.13 Thermax Ltd.
8.14 Veolia Water Solutions and Technologies
8.16 Kemira Oyj
*List not Exhaustive
**Subject to availability on public domain
- Akzo Nobel NV
- Alkema Solutions (American Water Chemicals Inc.)
- BASF SE
- Berwind (BWA Water Additives)
- Ecolab Inc. (Nalco)
- Genesys International Ltd.
- Solenis International LP
- H2O Innovation Inc.
- Helamin Technology Holding Group
- Italmatch Chemicals S.p.A
- Reverse Osmosis Chemicals International
- Thermax Ltd.
- Veolia Water Solutions and Technologies
- Kemira Oyj.