The Global Chemical Waste Heat Recovery Systems Market was valued at USD 11.6 billion in 2025 and is estimated to grow at a CAGR of 6.6% to reach USD 21.8 billion by 2035.
Growth is supported by stricter decarbonization targets set by large chemical producers, with increasing focus on reducing fuel-based steam generation and process heat consumption. Waste heat recovery is being adopted as a direct and cost-effective solution to lower emissions while improving energy efficiency. As companies align emissions targets with operational performance metrics, these systems are increasingly viewed as strategic investments rather than optional upgrades. This shift helps stabilize operating margins amid fluctuating energy costs. Broader adoption of internal carbon accounting and product-level emissions tracking is further accelerating demand, as customers increasingly expect lower-carbon chemical outputs. Regulatory frameworks are also reinforcing efficiency-first planning by requiring detailed energy assessments and recovery of excess thermal energy before approving new capacity. Financial incentives and supportive policy structures are making these systems easier to justify and integrate into long-term capital programs.
The electricity and steam generation segment accounted for 52.1% share in 2025 and is projected to grow at a CAGR of 7.5% through 2035. Chemical producers are increasingly converting recovered heat into usable energy to support on-site power and steam needs while reducing emissions intensity.
The systems operating above 650°C represented 66.6% share in 2025 and are expected to grow at a CAGR of 6% by 2035. High-temperature processes generate substantial recoverable heat, and capturing this energy is becoming central to next-generation thermal efficiency strategies across energy-intensive chemical operations.
U.S. Chemical Waste Heat Recovery Systems Market held 82% share in 2025 and generated USD 4.7 billion. Regional growth is being driven by favorable policy mechanisms that support efficiency investments and accelerate the adoption of advanced heat recovery solutions across chemical and petrochemical facilities.
Key companies active in the Global Chemical Waste Heat Recovery Systems Market include Siemens Energy, Mitsubishi Heavy Industries, General Electric, Bosch, Thermax, Viessmann, John Wood Group, Ormat, Exergy International, Sofinter, Durr Group, IHI Power Systems, Rentech Boilers, Climeon, Forbes Marshall, Aura, BIHL, Cochran, Promec Engineering, and Echogen. Companies operating in the Chemical Waste Heat Recovery Systems Market are strengthening their positions through technology advancement, project integration capabilities, and strategic collaborations. Manufacturers are focusing on developing scalable, high-efficiency solutions that can be deployed across multiple plant configurations. Many players are expanding service offerings to include system design, optimization, and long-term maintenance to improve customer value. Geographic expansion into regions with strong regulatory support is also a key priority.
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Growth is supported by stricter decarbonization targets set by large chemical producers, with increasing focus on reducing fuel-based steam generation and process heat consumption. Waste heat recovery is being adopted as a direct and cost-effective solution to lower emissions while improving energy efficiency. As companies align emissions targets with operational performance metrics, these systems are increasingly viewed as strategic investments rather than optional upgrades. This shift helps stabilize operating margins amid fluctuating energy costs. Broader adoption of internal carbon accounting and product-level emissions tracking is further accelerating demand, as customers increasingly expect lower-carbon chemical outputs. Regulatory frameworks are also reinforcing efficiency-first planning by requiring detailed energy assessments and recovery of excess thermal energy before approving new capacity. Financial incentives and supportive policy structures are making these systems easier to justify and integrate into long-term capital programs.
The electricity and steam generation segment accounted for 52.1% share in 2025 and is projected to grow at a CAGR of 7.5% through 2035. Chemical producers are increasingly converting recovered heat into usable energy to support on-site power and steam needs while reducing emissions intensity.
The systems operating above 650°C represented 66.6% share in 2025 and are expected to grow at a CAGR of 6% by 2035. High-temperature processes generate substantial recoverable heat, and capturing this energy is becoming central to next-generation thermal efficiency strategies across energy-intensive chemical operations.
U.S. Chemical Waste Heat Recovery Systems Market held 82% share in 2025 and generated USD 4.7 billion. Regional growth is being driven by favorable policy mechanisms that support efficiency investments and accelerate the adoption of advanced heat recovery solutions across chemical and petrochemical facilities.
Key companies active in the Global Chemical Waste Heat Recovery Systems Market include Siemens Energy, Mitsubishi Heavy Industries, General Electric, Bosch, Thermax, Viessmann, John Wood Group, Ormat, Exergy International, Sofinter, Durr Group, IHI Power Systems, Rentech Boilers, Climeon, Forbes Marshall, Aura, BIHL, Cochran, Promec Engineering, and Echogen. Companies operating in the Chemical Waste Heat Recovery Systems Market are strengthening their positions through technology advancement, project integration capabilities, and strategic collaborations. Manufacturers are focusing on developing scalable, high-efficiency solutions that can be deployed across multiple plant configurations. Many players are expanding service offerings to include system design, optimization, and long-term maintenance to improve customer value. Geographic expansion into regions with strong regulatory support is also a key priority.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
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Table of Contents
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive landscape, 2025
Chapter 5 Market Size and Forecast, by Application, 2022-2035 (USD Billion)
Chapter 6 Market Size and Forecast, by Temperature, 2022-2035 (USD Billion)
Chapter 7 Market Size and Forecast, by Region, 2022-2035 (USD Billion)
Chapter 8 Company Profiles
Companies Mentioned
The companies profiled in this Chemical Waste Heat Recovery Systems market report include:- Aura
- BIHL
- Bosch
- Climeon
- Cochran
- Durr Group
- Echogen
- Exergy International
- Forbes Marshall
- General Electric
- IHI Power Systems
- John Wood Group
- Mitsubishi Heavy Industries
- Ormat
- Promec Engineering
- Rentech Boilers
- Siemens Energy
- Sofinter
- Thermax
- Viessmann
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | January 2026 |
| Forecast Period | 2025 - 2035 |
| Estimated Market Value ( USD | $ 11.6 Billion |
| Forecasted Market Value ( USD | $ 21.8 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
