PUBLISHER: Value Market Research | PRODUCT CODE: 1547279
PUBLISHER: Value Market Research | PRODUCT CODE: 1547279
The global demand for Boiler Water Treatment Chemicals Market is presumed to reach the market size of nearly USD 13.38 Billion by 2032 from USD 5.33 Billion in 2023 with a CAGR of 10.76% under the study period 2024-2032.
The process of protecting boiler water from corrosion and other contaminants is known as boiler water treatment. For improving the system's efficiency, safety, and dependability, boiler water treatment chemicals are added. The creation of steam and the transport of heat in any system can influence the fuel cost and the system's maintenance costs. Boiler water treatment chemicals are employed to keep corrosion and deposition issues at bay and control boilers' water chemistry. Because of their relevance in maintaining optimal levels of operation, chemical compounds are applied in the processing/operations of industrial boilers.
Over the forthcoming years, the global boiler water treatment chemicals market is anticipated to flourish. The growing need for clean water in power plants, oil and gas, metal and mining, pulp and paper, and chemical processing sectors has fueled the market expansion. The scarcity of potable water has also given birth to wastewater recycling, which is expected to contribute to the market's growth. The increase in the usage of boiler water treatment chemicals for food and beverage applications is the primary factor driving the market's growth rate. Rising industrialization and increased use by the power and energy industries would also have a direct and favorable influence on the market's development rate. Also, as boiler feed water quality deteriorates over time, possibilities for the boiler water treatment chemicals market will emerge. However, the hazardous nature of certain chemicals, the availability of alternative water treatment methods, and the lack of understanding about the advantages of boiler water treatment chemicals in developing nations may slow market expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Boiler Water Treatment Chemicals. The growth and trends of Boiler Water Treatment Chemicals industry provide a holistic approach to this study.
This section of the Boiler Water Treatment Chemicals market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Boiler Water Treatment Chemicals market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Boiler Water Treatment Chemicals market include BASF (Germany), Ecolab (U.S.), Solenis (Finland), Kurita (Japan), SUEZ (France), Arkema (France), Kemira (Finland). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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