Boiler Water Treatment Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Type (Scale and Corrosion Inhibitors, Coagulants & Flocculants, pH Boosters, Oxygen Scavengers, and Others), Chemistry (Basic Chemicals and Blended/Specialty Chemicals), End-user Industry (Power Generation, Steel and Metal Industry, Oil Refinery, Chemical & Petrochemical, Textile and Dye Industry, Sugar Mill, Paper Mill, Food and Beverage, Institutional, Pharmaceutical, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East & Africa).

Market Snapshot

Boiler Water Treatment Chemicals Market Overview
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >5 %
Boiler Water Treatment Chemicals Market Key players

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Market Overview

The market for boiler water treatment chemicals is expected to register a CAGR of around 5%, during the forecast period. The key drivers of the market are increasing capacity additions and installations in the Asia-Pacific power industry.

  • Reduction in pretreatment and heat exchanger equipment costs is also expected to boost the demand for boiler water treatment chemicals.
  • The increasing adoption rate in Asia-Pacific and the Middle East is likely to provide opportunities for market growth, in the future.
  • Asia-Pacific is expected to account for the highest growth rate, during the forecast period.

Scope of the Report

The boiler water treatment chemicals market report includes:

Scale and Corrosion Inhibitors
Coagulants & Flocculants
pH Boosters
Oxygen Scavengers
Basic Chemicals
Blended/Specialty Chemicals
End-user Industry
Power Generation
Steel and Metal Industry
Oil Refinery
Chemical & Petrochemical
Textile and Dye Industry
Sugar Mill
Pulp and Paper
Food and Beverage
Other End-user Industries
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of the Europe
South America
Rest of South America
Middle-East & Africa
Saudi Arabia
South Africa
Rest of Middle-East & Africa

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Key Market Trends

Power Industry to Dominate the Market

  • Power plants utilize a large amount of water, primarily for the proper operation of turbines with the generation of heat, and are the major consumers of boiler water treatment chemicals.
  • Malaysia has several thermal plants under construction. The advancement of projects at a good pace is likely to drive the boiler water treatment chemicals market, during the forecast period.
  • In China, there has been a rise in the number of nuclear power plants. Currently, over 35 nuclear power plants are operating in the region, with around 20 currently under construction. These new power plants are expected to increase the nuclear power generation capacity by 70%, by 2020-2021.
  • The United States is the world's largest producer of nuclear power. The United States government is planning for a number of new reactor installations, to increase nuclear-based power generation.
  • The increase in the number of nuclear projects in the United States and China is expected to drive the demand for boiler water chemicals, duiring the forecast period.
  • Hence, the power industry is likely to dominate the market during the forecast period.
Boiler Water Treatment Chemicals Market Key Trends

Asia-Pacific to Dominate the Market

  • Asia-Pacific boiler water treatment chemicals market dominated the market, owing to the high demand from emerging economies, such as India, China, Indonesia, Japan, South Korea, and Malaysia.
  • The demand and market growth in the power, manufacturing, and industrial sectors are increasing, which, in turn, is boosting the demand for boiler water treatment systems and chemicals.
  • As the market is stagnated in developed countries, many industries are being established in the fast-growing economies, like India and China. This is likely to boost the demand for boiler water treatment chemicals in the region.
  • Hence, Asia-Pacific is likely to witness the highest growth rate during the forecast period.
Boiler Water Treatment Chemicals Market Growth by Region

Competitive Landscape

The boiler water treatment chemical market is fragmented, with the presence of various international and local players in different regions, namely, Ecolab, Suez, BASF SE, and Solenis, along with other prominent players.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Capacity Additions and Installations in the Asia-Pacific Power Industry

      2. 4.1.2 Reduction in Pre-treatment and Heat Exchanger Equipment Costs

    2. 4.2 Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Type

      1. 5.1.1 Scale and Corrosion Inhibitors

      2. 5.1.2 Coagulants & Flocculants

      3. 5.1.3 pH Boosters

      4. 5.1.4 Oxygen Scavengers

      5. 5.1.5 Others

    2. 5.2 Chemistry

      1. 5.2.1 Basic Chemicals

      2. 5.2.2 Blended/Specialty Chemicals

    3. 5.3 End-user Industry

      1. 5.3.1 Power Generation

      2. 5.3.2 Steel and Metal Industry

      3. 5.3.3 Oil Refinery

      4. 5.3.4 Chemical & Petrochemical

      5. 5.3.5 Textile and Dye Industry

      6. 5.3.6 Sugar Mill

      7. 5.3.7 Pulp and Paper

      8. 5.3.8 Food and Beverage

      9. 5.3.9 Institutional

      10. 5.3.10 Pharmaceutical

      11. 5.3.11 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. ASEAN Countries

        6. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of the Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle-East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East & Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Ecolab

      2. 6.4.2 Solenis

      3. 6.4.3 Veolia

      4. 6.4.4 Metito

      5. 6.4.5 SUEZ

      6. 6.4.6 BWA Water Additives

      7. 6.4.7 Ion Exchange LLC

      8. 6.4.8 Kurita Water Industries Ltd

      9. 6.4.9 Thermax Global

      10. 6.4.10 Wetico

      11. 6.4.11 Buckman

      12. 6.4.12 AES Arabia Ltd

      13. 6.4.13 BASF SE

      14. 6.4.14 ChemTreat, Inc.

    5. *List Not Exhaustive

    1. 7.1 Increasing Adoption Rate in Asia-Pacific and Middle East & Africa

    2. 7.2 Others

**Subject to Availability

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Frequently Asked Questions

The Boiler Water Treatment Chemicals Market market is studied from 2016 - 2026.

The Boiler Water Treatment Chemicals Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Ecolab, SUEZ, Kurita Water Industries Ltd, Solenis, BASF SE are the major companies operating in Boiler Water Treatment Chemicals Market.

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