NEW YORK, Jan. 04, 2018 (GLOBE NEWSWIRE) -- The global Boiler Water Treatment Chemicals market is expected to register a CAGR of 9.2% during, 2017 – 2023, reaching the market value of 4,130.0 million USD by 2023. Factors propelling the growth of Boiler Water Treatment Chemicals market include rising need for power generation across various industrial sectors, reduction in pre-treatment and heat exchanger equipment cost and more investment for internal treatment of boilers as a safety measure, regardless of external treatment malfunction. The report segments the Boiler Water Treatment Chemicals market by Type (Scale Inhibitors((carboxylates, Phosphonates, Chelating Agents, others) Oxygen Scavengers ((Sodium sulfite, Hydrzine, diethyl Hydroxyl amine, Carbohydrazide, Others) Carbondioxide protection ((Morpholine, Cyclohexylamine, Octyldecylamine, Others) Corrosion inhibitors, Others) , by End-Use (Oil & Gas, Power plants, Petrochemicals, Pulp & Paper, Textiles, Food & Beverage, Others), by region (North America, Europe, Asia-Pacific, Middle East & Africa, South America). The report studies the global Boiler Water Treatment Chemicals market over the forecast period (2017-2023).
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The contaminants present in raw water are inorganic sodium compounds of chloride, sulfate and carbonate. Chemical treatment is necessary to counteract harmful substances for boiler make-up. The degrading quality of water along with aging infrastructure has resulted in overall demand for chemical treatment of boiler water across various process industries.
Key findings from global Boiler Water Treatment Chemicals market
- The scale inhibitors are the largest segment in the global Boiler Water Treatment Chemicals market in 2016. The adoption of proper blowdown practices limiting the concentration of scale has led to increasing chemical treatment
- The power sector is expected to dominate the global Boiler Water Treatment Chemicals market over the forecast period. Installation of large power plants in emerging economies is fuelling the demand for these chemicals
- Geographically, Asia-Pacific is the largest market for the Boiler Water Treatment Chemicals. Presence of large process industries and rising demand for power is providing thrust to the growth of the Asia-Pacific Boiler Water Treatment Chemicals market
- Key players in Boiler Water Treatment Chemicals market are BASF, Ecolab, Solenis, Kurita , SUEZ , Arkema, Kemira, Thermax, Ion Exchange, Chemtex Speciality, Ecolab, Solenis International LP are among others.
Boiler Water Treatment Chemicals- Lowering Fuel consumption
One millimeter of scaling may lead to higher fuel consumption by two percent. The industrial processing boilers operate at higher temperatures and are more prone to scaling, increasing the overall maintenance costs and downtime of the equipment. Further, the presence of the low thickness scale can cause considerable reduced heat transfer rates across boiler surface resulting in higher fuel rate consumption for equivalent boiler rating and capacity. With proper chemical treatment problems including lost efficiency, tube damage and lost production can be put in check thus increasing the profit margins.
Boiler Water Treatment Chemicals Market- Regional Insight
Asia Pacific is the largest market for the consumption of Boiler Water Treatment chemicals globally, and is expected to continue its dominance over the forecast period. Presence of large process industries and rising demand for power has resulted in an improved power infrastructure is providing thrust to the growth of the Asia-Pacific Boiler Water Treatment Chemicals market. Higher safety norms and regulations for high and low pressure heating boilers in marine power plants are driving the demand for Boiler Water Treatment Chemicals in the North American region.
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