The global boiler water treatment chemical market is projected to reach $8.5 billion by 2028, at a CAGR of 7% during 2023-2028. The growth of boiler water treatment chemical market is driven by increasing awareness related to Corrosion inhibitors, increasing consumer need for simplicity and personalized experience, and the growing adoption of cloud-based technologies.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the boiler water treatment chemical market by type (corrosion inhibitors, scale inhibitors, and oxygen scavengers), end use industry (power, oil & gas, chemical & petrochemical, food & beverages, pulp & paper, textile, and dye industry), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the boiler water treatment chemical market?
Q.4 What are some changing demands of customers in the boiler water treatment chemical market?
Q.5 What are the new developments in the boiler water treatment chemical market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this boiler water treatment chemical area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this boiler water treatment chemical market?
Based on type, the boiler water treatment chemical market is segmented into corrosion inhibitors, scale inhibitors, and oxygen scavengers. The corrosion inhibitors segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing application in thermal, nuclear, and hydropower plants for their steam circuits, which are susceptible to deterioration.
APAC will remain the largest region due to the rapid urbanization, rise in the number of nuclear power plants along with expansion in the power generation capacity, and increasing power consumption in developing economies, such as China, Malaysia, Vietnam, and India.
Key Players in the boiler water treatment chemical market are Ecolab, Solenis, Veolia Water Technologies, Metito, and Suez SA.
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