Global Boiler Water Treatment Chemicals Market 2017-2022 - Expected to Reach $4.35 Billion Growing at a CAGR of 10.1%
DUBLIN, March 26, 2018 /PRNewswire/ --
The "Boiler Water Treatment Chemicals Market by Type (Corrosion Inhibitors, Scale Inhibitors, Oxygen Scavengers), End-Use Industry (Power, Oil & Gas, Chemical & Petrochemical, Food & Beverage, Pulp & Paper), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The boiler water treatment chemicals market is projected to reach USD 4.35 Billion by 2022, at a CAGR of 10.1% from 2017 to 2022.
The increasing demand for chemically treated water from various end-use industries is expected to drive the growth of the boiler water treatment chemicals market across the globe during the forecast period. The degrading quality of water and aging infrastructure are the factors that are expected to fuel the growth of the boiler water treatment chemicals market during the forecast period.
Based on type, the corrosion inhibitors segment is projected to lead the boiler water treatment chemicals market, in terms of volume, during the forecast period. This segment is projected to grow at the highest CAGR, in terms of volume, between 2017 and 2022. Corrosion inhibitors decrease the rate of corrosion rate of boilers by forming a passivation layer to the metal surface of the boiler systems. The performance of these chemicals depends upon the quality of the makeup water used by various end-use industries. Growing industrialization in emerging economies is also expected to fuel the growth of this segment during the forecast period.
Based on end-use industry, the power segment is projected to lead the boiler water treatment chemicals market, in terms of volume, during the forecast period. The growth of this segment can be attributed to rapid urbanization and continuously growing population across the globe. This, in turn, has led to an increased demand for power. Moreover, the rise in the number of nuclear projects in emerging economies across the globe is also contributing to the demand for boiler water treatment chemicals for power.
The Asia-Pacific region is expected to be the largest market for boiler water treatment chemicals during the forecast period. A large industrial base and increasing demand for power are the factors expected to fuel the growth of the Asia-Pacific boiler water treatment chemicals market between 2017 and 2022. In addition, government initiatives and policies to attract investments from various international companies are also expected to propel the growth of the Asia-Pacific boiler water treatment chemicals market during the forecast period.
The requirement for technical expertise to handle and operate certain boiler water treatment chemicals is the major challenges for the growth of the boiler water treatment chemicals market between 2017 and 2022.
BASF (Germany), Ecolab (U.S.), Solenis (Finland), Kurita (Japan), SUEZ (France), Arkema (France), and Kemira (Finland) are the key players operating in the boiler water treatment chemicals market. These market leaders adopted various organic as well as inorganic growth strategies between January 2015 and October 2017 to strengthen their position in the boiler water treatment chemicals market. The strategy of mergers, joint venture & acquisitions was among the major growth strategies adopted by the leading market players to enhance their regional presence and meet the growing demand for boiler water treatment chemicals in emerging economies.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Significant Opportunities in the BWTC Market
4.2 BWTC Market Size, By Type
4.3 BWTC Market Share, By Region
4.4 BWTC Market Size, By End-Use Industry
4.5 BWTC Market Share, By End-Use Industry and Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Power
5.2.1.2 Degrading Quality of Water
5.2.1 Restraints
5.2.1.1 Deposit Formation Due to Non-Volatile Nature of Certain BWTC
5.2.2 Opportunities
5.2.2.1 Growing Industrialization in Emerging Economies
5.2.2.2 Increase in the Demand for Specific Formulations
5.2.3 Challenges
5.2.3.1 Requirement of Technical Expertise in Handling and Operation of Certain BWTC
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6 BWTC Market, By Type
6.1 Introduction
6.2 Corrosion Inhibitors
6.3 Scale Inhibitors
6.3.1 Phosphonates
6.3.2 Carboxylates/Acrylic
6.3.3 Chelating Agents
6.3.4 Others
6.4 Oxygen Scavengers
6.4.1 Sodium Sulfite
6.4.2 Hydrazine
6.4.3 Deha
6.4.4 Others
6.5 Others
7 BWTC Market, By End-Use Industry
7.1 Introduction
7.2 Power
7.3 Oil & Gas
7.4 Chemical & Petrochemical
7.5 Food & Beverage
7.6 Pulp & Paper
7.7 Others
8 Boiler Water Treatment Chemicals Market, By Region
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.2 India
8.2.3 Japan
8.2.4 South Korea
8.2.5 Rest of APAC
8.3 North America
8.3.1 U.S.
8.3.2 Canada
8.3.3 Mexico
8.4 Europe
8.4.1 Germany
8.4.2 U.K.
8.4.3 France
8.4.4 Italy
8.4.5 Rest of Europe
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.2 South Africa
8.5.3 UAE
8.5.4 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Rest of South America
9 Competitive Landscape
9.1 Overview
9.2 Market Ranking of Key Players
9.2.1 Ecolab
9.2.2 Suez
9.2.3 Kemira
9.2.4 Kurita Water Industries
9.2.5 Solenis
9.3 Competitive Situation and Trends
9.3.1 Mergers, Joint Ventures & Acquisitions
9.3.2 Investments & Expansions
9.3.3 New Product Launches
9.3.4 Agreements
10 Company Profiles
10.1 Ecolab
10.2 Suez
10.3 Kemira
10.4 Kurita Water Industries
10.5 Solenis
10.6 Arkema
10.7 BASF
10.8 Chemtreat
10.9 Thermax
10.10 Veolia Water Technologies
10.11 Other Key Players
10.11.1 Accepta Water Treatment
10.11.2 Aries Chemical
10.11.3 Akzo Nobel
10.11.4 Buckman Laboratories
10.11.5 BWA Water Additives UK
10.11.6 Chemfax Products
10.11.7 Chemtex Speciality
10.11.8 Dowdupont
10.11.9 Eastman
10.11.10 Feedwater
10.11.11 Guardian Chemicals
10.11.12 Henkel
10.11.13 Ion Exchange
10.11.14 Lenntech
10.11.15 Vasu Chemicals
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