Asia-Pacific Boiler Water Treatment Chemicals Market - Segmented by Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The Asia-Pacific boiler water treatment chemicals market is expected to witness a CAGR of more than 6% during the forecast period (2018 - 2023). China was estimated to dominate the Asia-Pacific boiler water treatment chemicals market in 2017.
Accelerating Usage in Power Generation and Process Industries to Drive the Market
The power industry is a major user of boiler water treatment chemicals. Thermal power generation uses large amounts of steam to drive the turbines for power generation. The growth of these process industries and power plants in Asia-Pacific is increasing the usage of boiler water treatment chemicals. A year back, 42 GW of coal-fired electric generation capacity was under construction in China. The Indian government targeted a capacity addition of 88.5 GW during 2012 - 2017 and 86.4 GW during 2017 - 2022, of which the major share is of the thermal power plants. The growing construction of power plants is increasing the demand for water, which is expected to drive the boiler water treatment chemicals market.
Scale Inhibitors is the Dominating Segment
Scale inhibitors segment dominated the Asia-Pacific boiler water treatment chemicals market, on the basis of type, in 2017. During boiler water operation at industrial plants, the pipelines accumulate scale on their walls. These scales, if untreated, can cause overheating, reduced efficiency in heat transfer, can cause tube failures, and restrict the circulation, which in turn, will reduce the reliability on the boiler water system. To avoid such a situation, scale inhibitors are widely used in various industries, such as oil & gas, power generation, textile, and food processing. As the end-user industries continue to grow, coupled with increasing focus to treat water before releasing it to the environment, is expected to drive the market for scale inhibitors through the forecast period in the Asia-Pacific region.
China is the Largest Market
China dominated the Asia-Pacific boiler water treatment chemicals market in 2017. The major industries in the country with an extensive usage of boiler water where the treatment of the water is necessary are the iron & steel manufacturing industry, the machine building industry, the petroleum industry, the cement industry, the chemical industry, the textile industry, and the food processing industry. China is expected to have a strong industrial growth in the coming years. Chinese companies are planning to build around 700 coal power plants in China and some countries in the world. The electricity consumption in the country had risen by 5% in 2016 and is expected to surge in the upcoming period, with coal being the dominating source of electricity generation. As the consumption of electricity continues to grow, the usage of boiler water treatment chemicals in thermal power plants will also continue to increase through the forecast period.
Notable Developments in the Market
September 2017: Kurita Water Industries Ltd announced that the company has started selling a new version of CETAMINE, a water treatment chemical for middle and high pressure boilers.
Major Players: Nalco (Ecolab), BASF SE, SUEZ, DowDuPont, Kurita Water Industries Ltd, and Solenis, among others.
Reason to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand which type and end-user industry is dominating the market
Countries which are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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