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Boiler water is raw water used in boilers for generating steam. It is a liquid phase of steam within the boiler. The term is also used for the treated boiler feedwater, or steam condensate being returned to a boiler, or boiler blowdown being removed from a boiler. Boiler water treatment is the protection of boiler water from corrosion and other impurities. The treatment and conditioning of boiler water is done for continuous heat exchange, corrosion protection, and production of high-quality steam. Boiler water treatment chemicals are added to the system for imparting efficiency, safety, and reliability to the system. The steam generation and heat transfer in any system can impact the fuel cost to maintenance expenses of the system. Chemicals in boiler water treatment are used for maintaining corrosion and deposition problems.

Based on the type, the boiler water treatment chemicals market can be segmented into corrosion inhibitors, scale inhibitors, coagulants & flocculants, pH boosters, oxygen scavengers, and others. The oxygen scavengers segment holds a major share of the market, as oxygen scavengers are used to remove residual oxygen from the boiler feedwater so as to protect the boiler and control corrosion of the feed tank and the condensate return lines. The oxygen scavengers segment is followed by the scaling inhibitors segment. Scaling inhibitors are used in boiler water treatment chemicals system to prevent scaling and reduce the damages associated with scaling.

Based on end-user, the boiler water treatment chemicals market can be segmented into power, steel & metals, oil refineries, petrochemicals, textile & dyes, sugar mills, paper mills, food & beverages, and others. The power industry is a major consumer of boiler water treatment chemicals, as steam produced by boiler is largely used for power generation. The power segment is followed by steel & metals, petrochemicals, food & beverages, and oil refineries. These segments are expected to expand at a rapid rate in the next few years.

Asia Pacific dominates the global boiler water treatment chemicals market, led by growth in the power industry, development of infrastructure, and rise in urbanization in the region. Increase in population of China and India is expected to boost the construction industry in the two countries. Growth of the construction industry is anticipated to fuel the demand for boiler water treatment chemicals in developing countries such as China and India. North America is also a favorable market for boiler water treatment chemicals. Outlook for the market in Europe also appears positive. Demand for boiler water treatment chemicals in the region is estimated to remain high, though the market in the region is likely to expand at a comparatively low growth rate during the forecast period. Boiler water treatment chemicals are used on a large scale in developed countries such as Germany, France, and the U.K. The boiler water treatment chemicals market in GCC, Saudi Arabia, and South Africa is expanding rapidly. This is projected to augment the market in Middle East & Africa. The global boiler water treatment chemicals market has expanded during the last few years. This growth is driven by factors such as the requirement of fresh water by countries in the Asia-Pacific and Middle East regions and strategies adopted by industrialists to reduce the investment made for raw water treatment equipment installation and maintenance, with the help of boiler water treatment chemicals.

Key players operating in the global boiler water treatment chemicals market are Akzo Nobel N.V., BASF SE, The Dow Chemical Company, Ecolab Inc., GE Water and Process Technologies, Kemira OYJ, Suez Environment, Veolia International, King Lee Technologies, and Ion Exchange India Ltd. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Boiler Water Treatment Chemicals Market

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