Boiler Water Treatment Chemicals Market to Reach $6.42 Billion by 2029 with 10.8% CAGR
The boiler water treatment chemicals market is rapidly expanding, projected to grow from $3.88 billion in 2024 to $6.42 billion by 2029 at a CAGR of 10.8%. Growth drivers include rising power generation needs, industrial expansion, and environmental concerns. Asia-Pacific dominates the market, and key players focus on technological innovations to enhance boiler efficiency and reduce maintenance costs.
The boiler water treatment chemicals market has seen substantial growth, increasing from $3.88 billion in 2024 to a forecasted $4.26 billion in 2025, growing at a 9.9% CAGR. It is projected to reach $6.42 billion by 2029 with an accelerated CAGR of 10.8%. This growth is driven by the rising global demand for energy, increasing industrial activities, and power generation expansion, particularly in Asia-Pacific, which holds the dominant regional market share. Key sectors utilizing these chemicals include power generation, steel and metal, oil refinery, chemical and petrochemical, textile, sugar mills, and food & beverage industries. The chemicals help prevent scaling, corrosion, and microbial contamination to maintain boiler efficiency and reduce downtime. Prominent companies in the market include Ecolab Inc., Suez SA, Kemira Oyj, Kurita Water Industries, Solenis LLC, Arkema SA, BASF SE, ChemTreat Inc., Thermax Limited, and Dow Inc. Technological advancements are a major trend, with firms launching advanced chemical products that extend boiler lifespan and cut maintenance costs, such as Thermax’s Maxtreat introduced in 2023. The forecast period emphasizes environmentally friendly practices and cost-efficient boiler operation improvements as primary market drivers.
