The boiler water treatment chemical market plays a crucial role in ensuring the efficient and safe operation of industrial boilers. These chemicals are specifically designed to manage and maintain the quality of water used in boilers, preventing issues such as corrosion, scale buildup, and microbial contamination.
Boilers are widely used in various industries, including power generation, manufacturing, and chemical processing, to produce steam for heating, cooling, and power generation. Proper water treatment is essential to protect these valuable assets and extend their operational life.
The boiler water treatment chemical market encompasses a range of products, including corrosion inhibitors, scale inhibitors, oxygen scavengers, pH adjusters, and biocides. These chemicals are carefully dosed into the water supply to address specific challenges associated with water quality, thereby enhancing boiler efficiency and preventing costly downtime due to maintenance and repairs.
Trends that were relevant at that time:
- Increased Focus on Sustainability: Sustainability has been a key trend in the boiler water treatment chemical market. Companies and industries were increasingly looking for environmentally friendly solutions that reduce the environmental impact of boiler operations. This includes the development of green or eco-friendly water treatment chemicals.
- Stringent Environmental Regulations: Regulatory bodies were imposing stricter regulations on water quality and emissions in many regions. This compelled industries to adopt advanced water treatment chemicals to meet compliance standards and avoid penalties.
- Advanced Technology Adoption: The integration of advanced technologies, such as sensors and real-time monitoring systems, in boiler water treatment was on the rise. This allowed for more precise dosing of chemicals and better control of water quality.
- Customized Solutions: The market was moving toward more customized water treatment solutions to address specific challenges faced by different industries and boiler systems. This customization allowed for more efficient and cost-effective water treatment.
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Boiler water treatment chemical market developments:
- Advanced Formulations: Continued research and development efforts are expected to result in more advanced and effective formulations of water treatment chemicals. These formulations will aim to provide better protection against corrosion, scale, and microbial growth while minimizing environmental impacts.
- Digitalization and Automation: The integration of digital technologies, including IoT (Internet of Things) and artificial intelligence, will enable real-time monitoring and control of boiler water quality. This will lead to more precise dosing of chemicals and early detection of issues, reducing operational costs and downtime.
- Green and Sustainable Solutions: Sustainability will remain a driving force in the market. Manufacturers will focus on developing and promoting “green” or environmentally friendly water treatment chemicals that meet stringent environmental regulations and align with corporate sustainability goals.
- Water Conservation: With increasing concerns about water scarcity, the market will see a growing emphasis on water conservation. Water treatment solutions that reduce water consumption and minimize waste will gain importance.
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Segmentation:
- Bytype, the oxygen scavenger segment accounted a major chunk of global boiler water treatment chemicals market owing to superior resistance against corrosion and prominent use in removing residual oxygen from feed water. The oxygen scavenger segment is monitored by scaling inhibitors segment owing to its extensive application for avoiding scaling and decreasing damages related to scaling.
- By chemistry, the hydrogel material segment is expected to account major revenue contribution, owing to minimal spectacle distortion or blur, visual acuity, simple to fit, and high initial comfort. The polymers material segment is expected to register second-highest revenue share of the global market, due to required properties such as easy to manufacture & clean, improved flexibility, and easily available material.
- By end-user, the target market is classified into basic chemicals and blended/specialty chemicals.
- By region, Asia Pacific accounted the largest share of global boiler water treatment chemicals market in 2018, owing to steady growth in building & construction industry, huge investments on power generation, and rapid industrialization in countries including India, China, Japan, South Korea, etc.
Competitive Landscape:
The prominent player operating in the global boiler water treatment chemical market includes,
- AkzoNobel
- Veolia International
- BASF SE
- The Dow Chemical Company
- Chemtex Specialty Limited
- Kemira Oyj
- Ecolab Inc
- GE Water and Process Technologies
- Thermax Limited
- Avista Technologies Inc.
The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.
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