Lucintel's latest market report analyzed that boiler water treatment chemical provides attractive opportunities in the power, oil & gas, chemical & petrochemical, food & beverage, pulp & paper, textile, and dye industries. The boiler water treatment chemical market is expected to reach $8.5 billion by 2028 with a CAGR of 7%. In this market, corrosion inhibitor is the largest segment by type, whereas power is largest by end use industry.
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Based on type, the boiler water treatment chemical market is segmented into Corrosion inhibitors, home appliance, kitchen appliance, entertainment control, lighting control, HVAC control, and smart healthcare. The corrosion inhibitors segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing need for continuous monitoring services to reduce the risk of crime, burglary, and theft.
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The Boiler Water Treatment Chemical Market is marked by the presence of several big and small players. Some of the prominent players offering boiler water treatment chemical include Ecolab, Solenis, Veolia Water Technologies, Metito, and Suez SA.
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