Pune,7, Dec, 2022: Maximize Market Research is a leading material and chemical research firm that has delivered a detailed analysis of the Boiler Water Treatment Chemicals Market The report includes key business insights, demand analysis, pricing analysis and competitive landscape. A detailed segment-wise and regional analysis is provided. The report expects the market to grow from USD 28.32 Billion in 2021 to USD 54.39 Billion by 2029 at a CAGR of 8.5 percent during the forecast period from 2022 to 2029.
Boiler Water Treatment Chemicals Market Scope and Research Methodology
The report is an in-depth analysis of all the key players in the Boiler Water Treatment Chemicals Market by market share, revenue, market penetration, financial status and region. Current trends prevailing in the Boiler Water Treatment Chemicals Market are presented and historical data is used to forecast growth rate fluctuations to equip stakeholders, investors, market key players and followers about future market conditions. The Boiler Water Treatment Chemicals Market is segmented by Product, Application, End-User Industry and Region for a detailed analysis for understanding the market penetration, competitive structure, pricing and demand analysis. The report aids the formulation of strategic decision-making and finding investment pockets for businesses.
For the competitive landscape, major players and new entrants in the Boiler Water Treatment Chemicals Market are collated based on the revenue, portfolio, technological advancements adopted, social media presence, mergers and acquisitions, joint ventures and strategic alliances. With each company profile, recommendations are provided on investments and estimations of their market size for the forecast period.
The report also presents the future outlook for new entrants in the market along with strategies and recommendations on the future course of the market and the lucrative opportunities prevailing in the Boiler Water Treatment Chemicals Market. Direct and indirect buyers in the market are analysed and presented with the help of easy to understand graphs and figures. The bottom-up approach was employed to validate the market size and its estimation by different segments.
Data was collected using both primary and secondary data collection methods for the analysis. Methods such as surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs, marketing professionals, customers and retailers on the demand side and manufacturers, and wholesalers on the supply side were included in the primary methods. Secondary data was methodically collected from a curated selection of sources to ensure the reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. SWOT analysis was conducted to provide the strengths and weaknesses of the Boiler Water Treatment Chemicals Market while PESTLE was employed to understand the potential impact of the macro-economic, social, political and technological factors affecting the Boiler Water Treatment Chemicals Market.
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Boiler Water Treatment Chemicals Market Overview
A boiler is an enclosed steel vessel that heats fluids to form steam that is used by end-use industries for various end-use applications. To ensure the safety and quality of the products produced using this heat, the boiler needs to be conditioned and treated appropriately. Treatment chemicals are used to prevent any form of corrosion and harm to the equipment.
Boiler Water Treatment Chemicals Market Dynamics
The primary driver of the Boiler Water Treatment Chemicals Market is demand from various end-use industries for steam and pure water. Chemicals are added to the boiler to improve the efficiency and overall performance of the boiler and keep it corrosion-free, thereby giving high-quality steam. The growth of developing economies is also aiding the growth of the Boiler Water Treatment Chemicals Market. The power industry is witnessing an increase in demand given the growing population and rapid urbanisation. This increased demand from the energy industry is expected to increase demand for the Boiler Water Treatment Chemicals Market over the forecast period.
Processing industries rely heavily on boilers for steam and heat applications. This makes treatment key for enhanced performance of the boiler, giving a continuous flow of high-quality steam and reducing any damage to the equipment. This increased adoption of boilers by processing and manufacturing industries is expected to drive the Boiler Water Treatment Chemicals Market growth.
Boiler Water Treatment Chemicals Market Regional Insights
Region-wise, Asia-Pacific held the largest share in 2021, holding 38 percent of the market share which is expected to grow at a CAGR of 8.24 percent over the forecast period. The regional Boiler Water Treatment Chemicals Market is mainly driven by the demand created by developing nations in the region like China, India, Indonesia and China. This is due to the increasing adoption of boilers by the power and manufacturing industries. This is expected to drive the regional Boiler Water Treatment Chemicals Market growth.
Boiler Water Treatment Chemicals Market Segmentation:
- Coagulants & Flocculants
- Biocide & Disinfectant
- Defoamer & Defoaming Agent
- pH & Adjuster & Softener
- Scale & Corrosion Inhibitor
- Basic Chemicals
- Blended/Specialty Chemicals
By End-Use Industry:
- Power Generation
- Steel and Metal Industry
- Oil Refinery
- Chemical & Petrochemical
- Textile and Dye Industry
- Sugar Mill
- Food and Beverage
- Other End-user Industries
Boiler Water Treatment Chemicals Market Key Competitors include:
- Kurita Water Industries
- Veolia Water Technologies
- Accepta Water Treatment
- Aries Chemical
- Akzo Nobel
- Buckman Laboratories
- BWA Water Additives UK
- Chemfax Products
- Chemtex Speciality
- Guardian Chemicals
- Ion Exchange
- Vasu Chemicals
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Key questions answered in the Boiler Water Treatment Chemicals Market are:
- What is Boiler Water Treatment Chemicals?
- What is the current growth rate of the Boiler Water Treatment Chemicals Market?
- What is the expected growth rate of Boiler Water Treatment Chemicals Market?
- What is the nature of competition in Boiler Water Treatment Chemicals industry in developed and developing economies?
- Who are the key players in the Boiler Water Treatment Chemicals Market?
- Who are the market leaders in Boiler Water Treatment Chemicals in Europe?
- Who are the market leaders in Boiler Water Treatment Chemicals in USA and Canada?
- Who are the market leaders in Boiler Water Treatment Chemicals in India, China, Japan and South Korea?
- Which industries are the key drivers of the Boiler Water Treatment Chemicals Market?
- What are the factors affecting growth in the Boiler Water Treatment Chemicals Market?
- Who held the largest market share in Boiler Water Treatment Chemicals Market?
- What are the factors for the growth of Asia-Pacific region in Boiler Water Treatment Chemicals Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Product, Application, End-User Industry and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading material and chemical research firm, has also published the following reports:
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Residential Boiler Market-The Residential Boiler Market size is expected to reach USD 11.70 billion by 2029 at a CAGR of 5.2 percent during the forecast period. The Residential Boiler Market is expected to be driven by urbanisation and favourable government initiatives.
Steam Boiler Systems Market–The Steam Boiler Systems Market size is expected to reach USD 21.74 billion by 2029 at a CAGR of 5.2 percent during the forecast period. The Steam Boiler Systems Market is expected to be driven by favourable government initiatives and increasing demand for electricity.
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