Boiler Water Treatment Chemicals Market worth 4.35 Bn USD by 2022


General News - Nov 20, 2017

The report is now available on ASDreports, " 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" , The boiler water treatment chemicals market is projected to grow from USD 2.68 Billion in 2017 to USD 4.35 Billion by 2022, at a CAGR of 10.1% from 2017 to 2022.

The growth of the boiler water treatment chemicals market across the globe is fueled by the increasing use of boiler water treatment chemicals in various end-use industries to cater to the growing demand for chemically treated quality boiler water to mitigate corrosion of boiler systems. Moreover, the rising Gross Domestic Product (GDP), growing global population, and improving economic conditions are other factors expected to fuel the demand for power, which, in turn, will boost the market for boiler water treatment chemicals across the globe. Besides, growing contributions of various water quality associations and companies to carry out R&D activities to enhance properties such as biodegradability and efficiency of boiler water treatment chemicals are also leading to the growth of the boiler water treatment chemicals market.


In terms of  volume, the scale inhibitors type segment is projected to lead the boiler water treatment chemicals market during the forecast period.

In terms of volume, the scale inhibitors type segment is projected to lead the boiler water treatment chemicals market during the forecast period. Scale inhibitors are widely used as boiler water treatment chemicals in oil & gas and power applications. The increasing demand for corrosion inhibitors in these applications is due to the demand for ultra-pure water to protect boilers and condensate lines from corrosion.

In terms of  volume, the power end-use industry segment is projected to lead the boiler water treatment chemicals market from 2017 to 2022.

In terms of volume, the power end-use industry segment is projected to lead the boiler water treatment chemicals market during the forecast period. With industrialization, the demand for power is also increasing. Growing population, increasing the standard of masses, growth in the economy of various countries and increasing urbanization is expected to drive the power sector, which will boost the market for boiler water treatment chemicals globally.

In terms of  volume, the Asia-Pacific region is projected to lead the boiler water treatment chemicals market between 2017 and 2022.

In terms of volume, the Asia-Pacific region is projected to be the largest market for boiler water treatment chemicals in during the forecast period. The growth of the Asia-Pacific water treatment chemicals market can be attributed to the large industrial base and improve living standards of the population in the region. In terms of volume, China led the Asia-Pacific boiler water treatment chemicals market in 2016. The growth of the China boiler water treatment chemicals market can be attributed to the significant increase in the consumption of boiler water treatment chemicals in the country. This increased consumption of boiler water treatment chemicals in China is a result of the rising population, increasing oil & gas exploration and production activities, the rise in power generation, and growing metal industry in the country.

Some of the key players operating in the boiler water treatment chemicals market are BASF (Germany), Ecolab (U.S.), Kemira (Finland), Solenis (Finland), Kurita (Japan), SUEZ (France), Arkema (France). These companies adopted major growth strategies between January 2015 and October 2017 to enhance their position in the boiler water treatment chemicals market.

Read more on ASDnews !

Source : ASDReports - Market Research

Published on Global Energy World: Nov 20, 2017

 

LPG Europe 2018 Conference

Mar 7 - 8, 2018 - Lisbon, Portugal

Register More info


zpsk