Power Industry Dominates the Market
The power industry has the largest application in this market. The shift in the power industry to more cost-effective methods, especially in developed countries, is expected to drive the demand for these chemicals. In Asia-Pacific and South East Asia, the maximum growth of thermal power plants is expected. The market growth will be largely dependent on the demand coming from India and China. Moreover, in Europe, Germany has announced plans to shift from nuclear power plants to the next available cost-effective solution, i.e. thermal power. These changes are expected to drive the market and increase the demand for boiler water treatment chemicals.
Scale Inhibitors Hold the Largest Market Share
In 2017, the scale inhibitors segment accounted for the largest share of about 19% of the total market. It is also expected to be the fastest growing segment. Scale inhibitors are widely used in various industries, such as oil & gas, power generation, textile, and food processing. Globally, around 1,500 coal plants are under construction or are under various stages of planning. In the oil & gas industry, the total net addition of distillation capacity is expected to grow with the largest capacity expansion in Asia and the Middle East regions. Such growth in the end-user industries, coupled with an increasing focus to treat water before releasing, is expected to drive the market for scale inhibitors.
Asia-Pacific to Lead the Market
Asia-Pacific has the largest market share of approximately 33% of the global market. This is due to the consistent economic growth in the emerging economies, such as India, China, Indonesia, Japan, South Korea, and Malaysia. The demand and market growth in the power, manufacturing, and industrial sectors is increasing, which, in turn, is boosting the demand for boiler water treatment systems and chemicals. As the market is stagnated in developed countries, many industries are being established in the fast-growing economies, like India & China. This is expected to ensure that the demand for boiler water treatment chemicals will remain high.
Key Developments in the Market
March 2018: Kurita Water Industries Ltd announced that the company has started selling a new version of Cetamine, a water treatment chemical for middle and high pressure boilers.
The major players include - SUEZ ENVIRONMENT, ECOLAB, BASF SE, SOLENIS INTERNATIONAL LP, DOWDUPONT, and KEMIRA OYJ, amongst others.
Reasons to Purchase this Report
- To understand the impact of end-user applications on the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To identify the countries that are expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
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 Government initiatives to Promote Renewable Energy Resources
4.1.2 Accelerating Usage in Power Generation and Process Industries
4.1.3 Reduction in Pre-treatment and Heat Exchanger Equipment Cost
4.1.4 Growing Popularity of Zero Liquid Blowdown
4.2.1 Hazardous nature of hydrazine
4.3.1 Increasing Demands from Developing and Underdeveloped Countries
4.3.2 Advancement in Eco-friendly Chemicals
4.3.3 Conversion of power generation process to cost effective methods
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 Market Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 Australia & New Zealand
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.7 Rest of Europe
6.4 South America
6.4.4 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
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 N.V.
8.2 BASF SE
8.4 Ecolab Inc.
8.5 Kemira Oyj
8.6 Suez Environment
8.7 Veolia International
8.8 Alkema Solutions (American Water Chemicals, Inc.)
8.9 Avista Technologies Inc.
8.10 Berwind (BWA Water Additives)
8.11 Genesys International Ltd.
8.12 Solenis International LP
8.13 H2O Innovation Inc.
8.14 Ion Exchange India Limited
8.15 Italmatch Chemicals S.p.A
8.16 King Lee Technologies
8.17 Reverse Osmosis Chemicals International
8.18 Kurita Water Industries Ltd.
8.19 Thermax Ltd.
8.20 Veolia Water Solutions and Technologies
*List not exhaustive
**Subject to availability on public domain
- Akzo Nobel N.V.
- BASF SE
- Ecolab Inc.
- Kemira Oyj
- Suez Environment
- Veolia International
- Alkema Solutions (American Water Chemicals Inc.)
- Avista Technologies Inc.
- Berwind (BWA Water Additives)
- Genesys International Ltd.
- Solenis International LP
- H2O Innovation Inc.
- Ion Exchange India Limited
- Italmatch Chemicals S.p.A
- King Lee Technologies
- Reverse Osmosis Chemicals International
- Kurita Water Industries Ltd.
- Thermax Ltd.
- Veolia Water Solutions and Technologies