Feedwater Treatment Chemicals Market : Overview
The global demand for feedwater treatment chemicals experienced a major rise in 2020. Rising demand can be attributed to growing consciousness regarding safety of people due to the spread of Covid-19 pandemic creating a favourable period for key manufacturers operating in this market. However in 2021, covid cases are getting reduced encouraging global manufacturers to invest in technological advancements for bringing improved products and services.
Well-recognized players including BASF SE, Cortec Corporation, Buckman Laboratories, Dow Chemical Company, Kurita Water Industries Limited and Ecolab Incorporation are focusing on the development of highly effective treatment chemicals to ensure improved quality of water making it appropriate for specific end-use. The manufacturers are adopting both organic as well as inorganic growth strategies such as novel product launches, product diversification, collaborations, mergers & acquisitions, partnership agreements, joint ventures, innovative launches, expansions etc to strengthen their position and maintain healthy competition in the market.
Research and development continues to be the highest incorporated strategy in 2021 for delivering upgraded products to the users. Solenis Corporation and Baker Hughes are making huge investments in setting up several research institutes in different countries to ensure innovation and upgradation in its products.
For instance, Cortec Corporation, a global leader in innovative and environmentally responsible corrosion control techniques launched a new VpCI Additive for water treatment for preventing boiler corrosion on 26th March 2020. The ‘Boiler Egg’ is an additive for corrosion protection of industrial water treatment systems which can reduce the risk of extra downtime, clogging, leakage and shortened service life that comes from corrosion. Boiler Egg introduced by Cortec provides a solution to the problem by releasing a powerful dose of oxygen scavengers protecting main boiler area and providing corrosion protection in other components such as condensate, deaerator and feedwater tanks during startup. Further, it also launched ‘Ecoline 3690’, a certified biobased product used for replacing solvent and mineral oil-based rust preventatives from water in severe marine or high humid conditions on 9th June, 2020. Ecoline 3690 can be easily removed with an alkaline cleaner and can help users to avoid hazardous waste disposal costs associated with traditional rust preservatives. Cortec is continuously engaged in delivering a variety of improved chemicals for treating feedwater in order to expand its global presence.
In addition to Cortec Incorporation, Kemira Corporation, a global chemical manufacturing company serving customers in water-intensive industries published a water treatment reference book on 10th December 2020 for the water treatment companies, universities, industry associations, researchers etc. The book was named ‘ About Water Treatment’ containing relevant information regarding the treatment of feedwater and describing methods and processes for treating potable water and waste water treatment and new smart process management options enabled by digitalization. The book has been created by water treatment professionals across Kemira’s global organization with extensive applications and chemistry know-how. This publication is becoming an effective way to tackle waste water issues and ensure bestest ways of handling industrial and other water treatment problems.
For efficient industrial power plant operations, boilers, as well as the quality of feedwater, play a crucial role. As feedwater treatment is essential, indispensability of feedwater treatment chemicals is evident. With an extensive application of boilers in multiple end-user industries, demand for feedwater treatment chemicals market is likely to remain high. On the same lines, manufacturers operating in the feedwater treatment chemicals market are focusing on delivering industry-specific feedwater treatment chemicals solutions that accommodate requirements of location, affordability and service-friendly systems.
Dissolved oxygen are biggest threat to the integrity of boilers as they can lead to failure of feedwater lines, boiler tubes, economizers, and condensate lines. As feedwater treatment chemicals prevent boilers from such damage, they remain essential in extending longevity of operations of both boiler as well as overall industrial output. With such an imperative function of feedwater treatment chemicals, their demand is set to remain higher, marking good opportunity for the feedwater treatment chemicals market.
A fair trade-off between the investment in feedwater treatment equipment and feedwater treatment chemicals has been observed as installation of efficient equipment can significantly reduce chemical usage, increase cycles of concentration and improve overall plant efficiency. That said, increasing inclination towards adopting feedwater treatment equipment can influence the future progress of the feedwater treatment chemicals market.
An ongoing research by Fact.MR offers incisive insights on the global feedwater treatment chemicals market. This research report is a comprehensive source of information that delivers value by offering an unbiased and crystal clear scrutiny on the feedwater treatment chemicals market scenario at a global level. Several insights on key trends, developments and other aspects that impact the growth of the global market for feedwater treatment chemicals have been included in this research report.
In companies that use boilers across various industries, an efficient water treatment for boiler feedwater becomes imperative. Feedwater treatment chemicals for boilers can ensure reduced maintenance costs, reduced downtime and reduced boiler failure. The use of feedwater treatment chemicals is expected to increase as they enhance boiler life by reducing corrosion, fouling, and scaling of the boiler. Adoption of feedwater treatment chemicals is expected to increase in the coming years, owing to the increasing use of boilers across industries such as chemicals, petrochemicals and oil and gas.
Treatment and Reuse of Feedwater to Fuel the Sales of Feedwater Treatment Chemicals
Since past years, the declining fresh water resources and abuse of water has caused severe water stress across many regions. To overcome this condition, governments across the globe have been applying stringent rules relating to treatment and reuse of feedwater. In addition, government is highly focused to improve municipal water facilities in urban & rural areas. Such developments for industrial and domestic and municipal water treatment are expected to create high demand for feedwater treatment chemicals over the forecast period.
Growing Petrochemical Industry to Spur the Demand for Feedwater Treatment Chemicals
Petrochemical industry has witnessed a steady growth since the past decade which has directly influenced the use of boilers in this sector. The United States petrochemical industry is expected to witness an upsurge with increasing exports as well as production of petrochemicals. This has spurred the use of feedwater treatment chemicals with increasing use of boilers in the manufacturing of petrochemicals.
Likewise, Asia Pacific also has reflected an upsurge in the petrochemical sector, with China to be at the forefront. The feedwater treatment market in Asia Pacific is expected to witness significant expansion with the increasing use of corrosion inhibitors, coagulants, flocculants, pH adjusters and biocides in the treatment of feedwater in boilers used in manufacturing of petrochemicals.
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Innovative Developments by Key Participants to Fuel Growth of Global Feedwater Treatment Chemicals Market
With growing awareness regarding feedwater treatment for effective functioning of boilers, participants involved in feedwater treatment have been focused on developing advanced technologies to enhance the feedwater treatment process. For instance, advanced organic oxygen scavenger inorganic sulphite formulations developed by SUEZ remove dissolved oxygen that remains post deaeration process. Dissolved oxygen is a major threat to boilers that causes severe pitting of boilers and corrosion.
This formulation by SUEZ enhances the reliability of the equipment, reduces costs associated with maintenance and reduces copper and iron levels in feedwater. Awareness regarding such techniques is expected to support the sales of feedwater treatment chemicals in the following years. Other key participants involved in the global feedwater treatment chemicals market include Ovivo, Thermax Chemicals, Ecolab Incorporated, Samco Technologies, Feedwater Ltd., BASF SE, and Dow Chemical Company.
Moreover, favourable government initiatives regarding infrastructure development has also influenced the feedwater treatment chemicals market. With infrastructural development in focus, the proliferating use of boilers in industries is expected to push the demand for chemicals used to treat boiler feedwater.
For example, state government of California is focusing on energy efficiency projects for which it has invested around US$ 55 Bn. Additionally, California state government has also initiated funding for advanced boiler systems, which is around US$ 4 Mn. Such initiatives is accelerating the adoption of advanced boiler systems, due to which demand for boiler feedwater treatment chemicals is expected to rise in the coming years.
A volley of insights on the global market for feedwater treatment chemicals is provided in this research report. The research report on global feedwater treatment chemicals market provides analysis on the past market scenario, the current market know-how and also includes future market insights for a period of nine years (2018-2027). This research report can support the reader in gaining complete market intelligence on the demand and adoption of feedwater treatment chemicals spanning across various industries.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
An Adaptive Approach to Modern-day Research Needs
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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