Boiler Water Treatment Chemical Market
The global boiler water treatment chemical market is witnessing an outstanding growth year by year. The market is primarily driven by the growing demand in the power generation sector. Due to the rapid industrialization and economic growth across the world, the rate of power consumption is increasing too. The industrial sector consumes massive amounts of electricity; therefore, it is likely to create huge market demand.
Players leading the global boiler water treatment chemical market include Akzo Nobel N.V. (Netherlands), BASF SE (Germany), DowDuPont (US), Kemira OYJ (Finland), Ecolab (US), Suez (France), Lennetch BV (Netherlands), King Lee Technologies (US), Bond Water Technologies, Inc. (US), Wilhelmsen Holding ASA (Norway), ChemTreat (US), Arkema (France), and Kurita Water Industries Ltd. (Japan), among others.
Get Sample Report PDF @ https://www.marketresearchfuture.com/sample_request/6181
Besides, the use of high-pressure boilers in the food and beverage industry for processes such as cleaning, processing, distillation, and fermentation drives a considerable share of the market, fueling the demand for water treatment chemicals. Also, the textile industry, where material processing is heavily dependent on the use of boilers, creates a substantial demand in the market.
Moreover, the increasing demand for purified water through technologies such as zero liquid discharge and zero liquid blowdown is escalating the market growth to furthered height. According to Market Research Future (MRFR), the global boiler water treatment chemical market is estimated to witness a salable growth by forecast, registering a modest CAGR throughout the forecast period.
The oil and gas industry, alongside its key products, also produces a large amount of water that varies significantly in terms of quality quantity. In some cases, this water can be a useful by-product or even a salable commodity. Hence, the boiler systems are extensively used to manage the produced or wastewater in the OG industry. With the surge in the OG sector, over recent years, the demand in the boiler water treatment chemical market has increased dramatically, which is expected to keep rising in the future as well.
Speak to Analyst @ https://www.marketresearchfuture.com/ask_for_schedule_call/6181
Oil gas companies are increasingly looking to reduce their water consumption and recycle and reuse produced water wherever possible. This trend is fueling the growth of the boiler water treatment chemical market. Additionally, in key OPEC countries such as Saudi Arabia and Indonesia, crude oil reservoirs reduction is resulting in augmenting the capital costs in exploration production (EP).
This is further influencing the OG companies to speculate in alternate sources such as coalbed methane (CBM), gas hydrates, and tight oil. This trend is anticipated to encourage the usage of boiler water treatment chemicals in the EP activities of alternative sources during the forecast period. On the other hand, the non-volatile nature of these chemicals that may lead to unwanted deposit formation is restricting their usages.
These deposits reduce the boiler’s thermal efficiency and cause boiler shutdowns creating a requirement for tube repair deposit removal. Nevertheless, technological advances that are increasing the productivity of boiler water treatment chemicals would support market growth throughout the assessment period.
Boiler Water Treatment Chemical Market - Segments
The analysis has been segmented into four major dynamics.
By Type : Oxygen Scavengers, Alkalinity Builders, Sludge Conditioners, Multifunctional, Anti-Foaming Agents, Scale Inhibitors, Sequestering Agents, and others.
By Conditioning Method : External(pre-treatment) and Internal(post-treatment).
By End-Use Industry : Power, Oil Gas, Chemicals Petrochemical, Food Beverage, Paper Pulp, Textiles Dyes, and others.
By Regions : Europe, Americas, Asia Pacific, Middle East Africa, and Rest-of-the-World.
Boiler Water Treatment Chemical Market - Regional Analysis
The Asia Pacific region dominates the global Boiler Water Treatment Chemical Market due to the high demand for power generation in the region. The region is also expected to witness high growth in the demand for freshwater. Rapid industrialization in emerging economies such as China and India drive enormous market demand for these chemicals. With the increased onshore and offshore exploration activities in the region, the APAC boiler water treatment chemicals market is estimated to create a large revenue pocket.
The boiler water treatment chemicals market in Europe is growing briskly mainly due to the shale gas exploration that is not only reducing imports of oil gas in the region but also offering the prospect of natural gas exports in Europe. Moreover, growing textiles and clothing sector in the region is fostering the regional market growth. The European boiler water treatment chemicals market is projected to witness the remarkable growth of the assessment period.
Boiler Water Treatment Chemical Market - Competitive Analysis
Highly competitive, the boiler water treatment chemical market appears to be fragmented due to the presence of many notable players. High investments made by the key players are indicating the immense growth opportunities, which are attracting several new entrants to the market. Therefore, the market competition is anticipated to intensify further with several new players entering the market with their advanced technologies.
This, as a result, will replace the stability in the market, encouraging the players to take up strategic initiatives such as mergers collaborations and acquisitions partnerships to expand their production capabilities and thus to churn the market competition. Also, there has been the establishment of strategic business units in developing countries, including China and India, which are providing solutions to the upstream oil gas sector.
Ask for Customization @ https://www.marketresearchfuture.com/ask_for_customize/6181
Industry/ Innovation/ Related News:
February 25, 2020 ----- EVI Industries, Inc. (the US), a leading distributor of industrial boilers, commercial laundry, and dry-cleaning equipment, and related parts, supplies, and technical services, announced the completion of its acquisition of Laundry Systems and affiliates, a distributor of commercial, industrial, and vended laundry products in Tennessee. Laundry Systems is also a provider of related installation and maintenance services.
EVI, through its wholly-owned subsidiaries, distributes steam hot water boilers, water reuse filtration systems, chemical supplies, and related replacement parts and accessories. The acquisition is aligned with EVI’s strategy to build density in geographic markets to expand its sales service presence in the Southeast US with new growth opportunities.
October 01, 2019 ----- Italmatch Chemicals (Italy), a chemical group, announced the acquisition of Water Science Technologies (WST – the US), a blender and chemical solutions provider for the oil gas and industrial water treatment industries in North America. This acquisition will boost Italmatch’s Advanced Water Solutions business unit and its presence in the OG market across North America. WST has multiple opportunities that strategically fall into the development growth path of Italmatch Advanced Water Solutions, strengthening Italmatch’s position in the industrial water and oil gas industries.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions And Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
5 Market Dynamics Of Global Boiler Water Treatment Chemicals Market
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]