Global Boiler Water Treatment Chemicals Market size was valued US$ XX Mn. in 2019 and the total revenue is expected to grow at 12.34% through 2020 to 2026, reaching nearly US$ XX Mn.
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Global Boiler Water Treatment Chemicals Market Overview:
Boiler water treatment is an essential process for preventing the boiler from corrosion, scaling, priming and foaming. Many types of chemicals are used for the treatment of boilers like a blend of phosphates & polymers, oxygen scavengers, amine, and the most economical chemical is a composite of sodium nitrite.
The global boiler water treatment chemicals market dynamics are thoroughly studied and explained in the MMR report, which helps the reader to understand emerging market trends, drivers, opportunities, restraints, and challenges at the global and regional level for the boiler water treatment chemicals market.
The global market for boiler water treatment chemicals has witnessed significant growth over the coming years thanks to the rising installation of boiler water treatment plants across many end-user industries. Various industrial manufacturing set-ups across the world including medical and pharmaceutical, textile processing, food & beverage processing, and others are showcasing wide installation of boiler water treatment plants, thereby fueling the industry growth by 2026.
As a result, growth in the global market can be attributed to the continuing rapid scale industrialization in developing as well as developed countries owing to developing demand for demineralized water across industries. However, lack of awareness of boiler water treatment and knowledge regarding the benefits; this factor is projected to restrain the growth of the market.
Global Boiler Water Treatment Chemicals Market Segmentation:
By end-use industry, the power segment is estimated to account for XX% of the total market share in 2019 and is expected to grow at a CAGR of 13.89% during 2020-2026. This growth is attributed to rapid development and a continuously growing population across the world. Power plants use a large amount of water, mainly for the proper operation of turbines with the generation of heat, and are the significant consumers of boiler water treatment chemicals. Likewise, the report provides an accurate prediction of the contribution of the various segments to the growth of the boiler water treatment chemicals market size.
Global Boiler Water Treatment Chemicals Market Regional Analysis:
Asia-Pacific region is expected to hold the largest XX% growth rate in the forecast period of 2020 to 2026 thanks to high-volume consumption of power in the developing countries of the region, such as India, China, Malaysia, Vietnam and the Philippines. Moreover, the growing population in the APAC will boost the building & construction sector, which in turn, will upsurge the product demand over 2020-2026.
China is expected to lead the APAC boiler water treatment chemicals market, generating revenue worth US$XX Mn by 2026 owing to an increase in the number of nuclear power plants. Currently, above 35 nuclear power plants are operating in the APAC, with approximately 20 currently under construction. These new power plants are projected to upsurge the nuclear power generation capacity by 75%, in 2021-2022.
Major players are involved in adopting sustainable strategies to gain competitive edges such as collaborative agreements, new product launch, and product up-gradation. For examples, In January 2019, Solenis Company completed the merger with BASF SE’s wet-end “Paper and Water Chemicals” business. This merged company will begin operating under the Solenis brand and will be able to offer expanded levels of chemicals solutions to many industrial users.
The objective of the report is to present a comprehensive analysis of the Global Boiler Water Treatment Chemicals Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Boiler Water Treatment Chemicals Market dynamics, structure by analyzing the market segments and project the Global Boiler Water Treatment Chemicals Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Boiler Water Treatment Chemicals Market make the report investor’s guide.
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Global Boiler Water Treatment Chemicals Market, by Region
• North America
• Middle East& Africa
• South America
Global Boiler Water Treatment Chemicals Market Key Players
• 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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