At 10+% CAGR Boiler Water Treatment Chemicals Market To Hit $4.35 Billion by 2022 Led by Asia-Pacific Region
PUNE, India, Nov. 26, 2017 /PRNewswire-iReach/ -- The Asia-Pacific boiler water treatment chemicals market is projected to grow at the highest CAGR during the forecast period. The growing number of automotive worldwide, increasing global population, rapid urbanization, which increases the demand for power in the region, in turn, increases the demand for boiler water treatment chemicals. In addition, the increasing scope of exploration of oil & gas and their production, easy availability of low-cost labor, and affordable raw material prices in the Asia-Pacific region are the factors fueling the growth of the boiler water treatment chemicals market during the forecast period.
Browse 75 Market Data Tables and 36 Figures spread through 122 Pages and in-depth TOC on "Boiler Water Treatment Chemicals Market by Type (Corrosion Inhibitors, Scale Inhibitors, Oxygen Scavengers), End-Use Industry (Power, Oil & Gas, Chemical & Petrochemical, Food & Beverage, Pulp & Paper), and Region - Global Forecast to 2022" http://www.reportsnreports.com/reports/1234008-boiler-water-treatment-chemicals-market-by-type-corrosion-inhibitors-scale-inhibitors-oxygen-scavengers-end-use-industry-power-oil-gas-chemical-petrochemical-food-beverage-pulp-paper-and-region-st-to-2022.html .
The report profiles leading players in the boiler water treatment chemicals market that include BASF (Germany), Ecolab (U.S.), Kemira (Finland), Solenis (Finland), Kurita (Japan), SUEZ (France), Arkema (France). The report also includes competitive strategies adopted by these key players to strengthen their position in the boiler water treatment chemicals market.
In terms of volume, the power end-use industry segment is projected to lead the boiler water treatment chemicals market from 2017 to 2022. The objective of this study is to define, describe, and forecast the boiler water treatment chemicals market based on various segmentations and strategically analyze the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. In this report, the boiler water treatment chemicals market has been segmented based on type, end-use industry, and region.
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In terms of volume, the scale inhibitors type segment is projected to lead the boiler water treatment chemicals market during the forecast period. This report comprehensively segments the boiler water treatment chemicals market and provides the closest approximations for the sizes of different market segments and subsegments across different verticals and regions.
In terms of value, the corrosion inhibitors type segment of the boiler water treatment chemicals market is projected to grow at the highest CAGR during the forecast period. Corrosion inhibitors are used for condensate line treatment in boiler systems to protect them from corrosion. As the temperature of water increases, the chances of corrosion also increase. Thus, to protect boiler systems from corrosion, corrosion inhibitors are used in various industries such as power, oil & gas, and chemical & petrochemical. With the growth of industrialization, especially in emerging countries, the consumption of these corrosion inhibitors is also increasing.
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The boiler water treatment chemicals market size estimated in this study have been validated through primary interviews conducted with various industry experts, globally. These primary sources have been divided into three categories:
· By Company Type: Tier 1 - 25%, Tier 2 - 50%, and Tier 3 - 25%
· By Designation: C Level - 20%, Director Level - 30%, and Others - 50%
· By Region: North America - 20%, Europe - 30%, Asia-Pacific - 25%, South America - 15%, and the Middle East & Africa - 10%
In terms of volume, China led the Asia-Pacific boiler water treatment chemicals market in 2016. The growth of the China boiler water treatment chemicals market can be attributed to the significant increase in the consumption of boiler water treatment chemicals in the country. The competitive landscape section includes detailed information about new product launches, mergers, joint venture & acquisitions, investments & expansions, and agreements that have been undertaken by the key players to enhance their position in the boiler water treatment chemicals market. The deposits formation due to non-volatile nature of specific boiler water treatment chemicals is a major restraint for the growth of the boiler water treatment chemicals market.
Another research titled Water Treatment Chemicals Market Global Forecast to 2022 says, the water treatment chemicals market is projected to grow from $42.23 billion in 2017 to $56.57 billion by 2022, at a CAGR of 6.0% from 2017 to 2022. Based on type, the biocides & disinfectants segment of the water treatment chemicals market is projected to grow at the highest CAGR during the forecast period, in terms of value. The Asia-Pacific water treatment chemicals market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. Companies such as BASF SE (Germany), Ecolab Inc. (US), Akzo Nobel N.V. (Netherlands), Kemira OYJ (Finland) have been profiled in this 147 pages research report available at http://www.reportsnreports.com/purchase.aspx?name=135101 .
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