Boiler Water Treatment Chemicals Market Global Research Insight, Latest Trend, Future Prospects, Business Development, In Depth Analysis on Growth, Key Opportunities 2023

“Boiler Water Treatment Chemicals Market | High Power Consumption Rate across the Globe Is Set to Drive the Market”
Global Boiler Water Treatment Chemicals Market: Information by Type (Oxygen Scavengers, Sludge Conditioners, Alkalinity Builders), Conditioning Method (External, Internal), End-Use Industry (Power, Oil & Gas, Chemicals & Petrochemical), Region—Forecast till 2023

Market Overview

A boiler is a closed vessel in which water is converted into steam with the application of heat under pressure. The water used to create steam in a boiler often contains a varying number of different impurities. These impurities are dissolved solids, dissolved gases, and suspended matter, which may result in major problems such as scaling or deposition, corrosion, and boiler water carry-on. Treating the water that circulates in the boiler is important for proper functioning. Untreated water is likely to form scales on the heat transfer surfaces when the water is heated. This results in the drastic reduction in heat transfer capabilities, which further leads to overheating, tube failure, and loss of efficiency. Scaling also reduces the flow area, increasing the pressure drop in the boiler tubes and piping, which reduces the steam volume and potential equipment failure. These challenges can be offset by using Boiler Water Treatment Chemicals.

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The global demand for Boiler Water Treatment Chemicals is primarily driven by the growing necessity for power generation. The increasing rate of power consumption across the world can be attributed to economic output. The industrial sector consumes vast amounts of electricity; thus, rapid industrialization across the globe is likely to drive the demand for Boiler Water Treatment Chemicals during the forecast period. Use of high-pressure boilers in the food and beverage industry for processes such as cleaning, processing, distillation, and fermentation also drive the demand for these chemicals. In the textile industry, textile processing is heavily dependent on the use of boilers, which further fuels the demand for treatment chemicals. The increasing demand for purified water through technologies such as zero liquid discharge and zero liquid blowdown is expected to further fuel market growth. Favorable government initiatives that promote renewable energy resources also lead to an increase in the demand for these chemicals.

Segmentation

The Global Boiler Water Treatment Chemicals Market has been segmented on the basis of Type, Conditioning Method, End-Use Industry, and Region.

Based on Type, the Global Boiler Water Treatment Chemicals Market has been segmented into oxygen scavengers, sludge conditioners, alkalinity builders, multifunctional, scale inhibitors, anti-foaming agents, sequestering agents, and others.

Based on Conditioning Method, the market has been classified into external (pre-treatment) and internal (post-treatment).

By End-Use Industry, the market has been segmented into power, oil and gas, chemicals and petrochemicals, food and beverage, paper and pulp, textiles and dyes, and others.

Regional Analysis

The Global Boiler Water Treatment Chemicals Market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa.

The market in Asia-Pacific dominated the Global Boiler Water Treatment Chemicals market in 2017 due to the high demand for power generation in the region. Rapid industrialization in emerging economies such as China and India is expected to drive the demand for these chemicals.

North America accounted for the second-largest market share in 2017 on account of the high demand For Boiler Water Treatment Chemicals in the food and beverage and textiles industries.

The European market is expected to grow at a significant rate due to the growing textiles and clothing sector in the region.

The Latin American market is projected to witness considerable growth due to the growing textile industry in Peru, Brazil, Mexico, and Colombia.

The market in the Middle East & Africa is also likely to grow due to the presence of abundant oil and natural gas reserves in the region.

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