Feedwater Treatment Chemical Market

Feedwater Treatment Chemical Market Outlook (2024 to 2034)

Expanding at a CAGR of 5.4%, the global feedwater treatment chemical market is projected to increase from a valuation of US$ 1.08 billion in 2024 to US$ 1.82 billion by 2034, as mentioned in Fact.MR report.

The global demand for feedwater treatment chemicals experienced a steady rise. The term "water treatment chemical" describes a technique that uses different chemicals to cleanse water. Chemicals used in water treatment stop corrosion, microbial contamination, and suspended solids.

The increase is explained by the growing needs of petrochemicals, fertilizers, geothermal power generating sources, sugar and ethanol, and refining industries-particularly in potentially high growth countries. One of the most noticeable trends in the industry is the growing need for medium- and small-scale enterprises to build a centralized facility for fluid treatment units so they are achieving zero discharge through comprehensive in-situ procedures.

Due to the expanding use of saline water treatment to meet rising water demands, the Middle East and Africa are witnessing steady growth in this market. The most common technology in use in the Middle East is desalination. To achieve its water needs, Saudi Arabia mostly relies on desalination.

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 more countries to ensure innovation and upgradation in their products.

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 December 10, 2020, for the water treatment companies, universities, industry associations, researchers, and others. The book was named ‘About Water Treatment’ containing relevant information regarding the treatment of feedwater and describes methods and processes for treating potable water and waste water treatment and new smart process management options enabled by digitalization.

The book is 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 wastewater issues and ensure the best ways of handling industrial and other water treatment problems.

For efficient industrial power plant operations, boilers and the quality of feedwater, play a crucial role. As feedwater treatment is essential, the indispensability of related chemicals is evident. With the extensive application of boilers in several end-use industries, demand for feedwater treatment chemicals will remain high. On the same lines, manufacturers operating in the global 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 are leading to the failure of feedwater lines, boiler tubes, economizers, and condensate lines. As feedwater treatment chemicals prevent boilers from such damage, they remain essential in extending the longevity of operations of both boilers as well as overall industrial output. With such an imperative function of feedwater treatment chemicals, their demand will remain higher, marking a good opportunity for the feedwater treatment chemical market growth.

A fair trade-off between the investment in feedwater treatment equipment and feedwater treatment chemicals is been observed as the installation of efficient equipment is significantly reducing chemical usage, increasing cycles of concentration, and improving overall plant efficiency. Thereby, increasing inclination toward adopting feedwater treatment equipment is creating prospects for market players.

In companies that use boilers across various industries, an efficient water treatment for boiler feedwater becomes imperative. Feedwater treatment chemicals for boilers ensure minimal maintenance costs, reduced downtime, and fewer chances of boiler failure. The use of feedwater treatment chemicals is increasing as they enhance boiler life by reducing corrosion, fouling, and scaling. The adoption of feedwater treatment chemicals is increasing in the coming years, owing to the rising use of boilers across several industries such as chemicals, petrochemicals, and oil and gas.

Report Attribute	Detail
Feedwater Treatment Chemical Market Size (2024E)	US$ 1.08 Billion
Forecasted Market Value (2034F)	US$ 1.82 Billion
Global Market Growth Rate (2024 to 2034)	5.4% CAGR
East Asia Market Value (2034F)	US$ 669.2 Million
North America Market Share (2034F)	31.7%
Biocides Segment Value (2034F)	US$ 168.7 Million
Canada Market Value (2034F)	US$ 94.8 Million
Key Companies Profiled	Ecolab; Kemira (Finland); Danaher; BASF SE; Kurita Water Industries Ltd; GENERAL ELECTRIC; BWA Water Additives; Cortec Corporation; DOW; Buckman; Solvay; Akzo Nobel N.V; Air Products and Chemicals, Inc.; ION EXCHANGE; Carus Group Inc.; Thermax Limited; Hydrite Chemical Co; Lonza; SUEZ; Solenis.

Why is the Market for Feedwater Treatment Chemicals Escalating?

“Serious Water Issues and Scarcity Surging Treatment Demand”

Abuse of water and diminishing freshwater supplies are leading to serious water stress in several areas globally. Governments all around the world have been enforcing strict guidelines on the treatment and reuse of feedwater to address this issue. Additionally, the government is putting effort into enhancing rural and urban municipal water systems. For the projection period, feedwater treatment chemicals are in high demand due to improvements in industrial, residential, and municipal water treatment.

“Petrochemical Industry Using Feedwater Treatment Chemical on a Large Scale”

Over the past ten years, the petrochemical industry has been growing steadily, which is having a direct impact on the industry's usage of boilers. With rising exports and petrochemical output, the United States petrochemical industry is estimated to see growth. This is increasing the need for boilers in the petrochemical production process, which in turn is increasing the need for chemicals for treating feedwater.

Similarly, Asia Pacific is seeing a growth in the petrochemical industry, with China leading the way. With the growing usage of corrosion inhibitors, coagulants, flocculants, pH adjusters, and biocides in the treatment of feedwater in boilers used in the production of petrochemicals, the feedwater treatment chemicals market size is expanding in the region.

What is Scaring the Manufacturers in the End Market?

“Availability of Alternate Options for Customers”

Alternative approaches to water treatment exist that is rival conventional chemical methods, such as membrane filtering, UV treatment, and ozone treatment. To stay ahead of the competition, businesses in the sector need to continue being inventive and competitive.

The usage of chemicals for water treatment is decreased by advanced technology. Because of growing environmental restrictions and concerns, end users are searching for sustainable water treatment solutions. The regulations of the Environmental Protection Agency (EPA) prioritize UV disinfection over biocides based on chlorine.

“Strict Laws from Government Putting Pressure on Manufacturers”

The main thing preventing global market growth is the strict environmental laws put in place by governments and other agencies, such as the EPA. Certain chemicals used in water treatment are leaking contaminants into the environment or include substances that are toxic to aquatic life. This is resulting in difficulties with regulations and a poor public image of the sector.

Long-term water treatment solutions and ecologically friendly water treatment chemicals are highly sought after by end users of water treatment chemicals. However, due to cost and profit concerns in green chemistry, producers encounter difficulties in creating highly effective and commercially viable environment-friendly water treatment chemicals. Once a water treatment chemical that is patented is made available to the public, it is easily copied. Manufacturers of chemicals used in water treatment face a big threat from certain Asian producers that sell fake goods for less money.

Country-wise Insights

The market is estimated to grow; as water scarcity becomes more evident, a few of the major countries contributing to this market involve the United States, China, Canada, and South Korea. The United States market is evaluated to hold a strong feedwater treatment chemicals market share in North America.

Why is the Demand for Feedwater Treatment Rising Steadily in the United States?

“Established Petrochemical Industry in the Country Pushing Demand for Feedwater Treatment Chemicals”

Attribute	United States
Market Value (2024E)	US$ 205.4 Million
Growth Rate (2024 to 2034)	4.9% CAGR
Projected Value (2034F)	US$ 330.2 Million

The demand for feedwater treatment is rising steadily in the United States due to the established petrochemical industry. This industry heavily relies on feedwater treatment chemicals to ensure the proper functioning and longevity of equipment and to meet regulatory standards. As the petrochemical sector continues to grow, the need for effective water treatment solutions is increasing, which is further setting the feedwater treatment chemical market trend.

What is Bringing New Sales Opportunities for Suppliers in China?

“Strict Government Regulations Raising Stakes for Suppliers”

Attribute	China
Market Value (2024E)	US$ 225.4 Million
Growth Rate (2024 to 2034)	7.2% CAGR
Projected Value (2034F)	US$ 452.8 Million

In China, new sales opportunities for suppliers are driven by strict government regulations. The government is imposing stringent regulations on several industries to ensure environmental protection, product quality, and workplace safety. As a result, suppliers are compelled to adhere to these regulations. This is creating a significant opportunity for manufacturers offering high-quality products and services that align with the regulatory requirements, thereby driving new sales opportunities in China.

Category-wise Analysis

The market is segmented into several categories including different types of chemicals available in the market and end-use industries using these chemicals to operate and manufacture.

Which Type of Chemical is Prominently Getting Attention in the End Market?

“Corrosion Inhibitors Significantly Getting Used among More Clients”

Attribute	Corrosion Inhibitors
Segment Value (2024E)	US$ 345.5 Million
Growth Rate (2024 to 2034)	5.6% CAGR
Projected Value (2034F)	US$ 594.6 Million

Corrosion inhibitors are gaining significant traction in the end market as clients increasingly seek ways to protect their equipment and infrastructure from corrosion. As industries such as oil and gas, chemical processing, and power generation continue to rely on complex machinery and infrastructure, the need for effective corrosion inhibitors becomes more critical.

These chemicals help prevent corrosion by forming a protective barrier on metal surfaces, thereby extending the lifespan of equipment and reducing maintenance costs. With the emphasis on asset integrity and operational efficiency, corrosion inhibitors are becoming a prominent choice for end users across more industrial sectors.

Which End-Use Industry is Commonly Using Feedwater Chemical Systems?

“Oil and Gas Industry Playing Big Role in Increased Sales of Feedwater Chemical Systems”

Attribute	Oil & Gas
Segment Value (2024E)	US$ 348.6 Million
Growth Rate (2024 to 2034)	5.5% CAGR
Projected Value (2034F)	US$ 594.9 Million

The oil and gas industry stands out as a major consumer of feedwater chemical systems, playing a significant role in driving the sales of these systems. Given the extensive use of water in oil and gas operations for several purposes such as steam generation, cooling, and processing, the demand for reliable and efficient feedwater treatment solutions is high.

Feedwater chemical systems are essential for maintaining water quality, preventing scale formation, and minimizing corrosion in industrial boilers and associated equipment. In addition to the oil and gas industry, sectors such as power generation, manufacturing, and chemical processing also commonly utilize feedwater chemical systems to ensure the smooth and efficient operation of their facilities.

Competitive Landscape

Key players in the feedwater treatment chemical market are working on introducing new products including water treatment membranes.

• SimAnalytics was acquired by Kemira, a chemical solutions supplier for water-intensive industries, in January 2023. Kemira is now better equipped to serve its clients' companies with data-driven predictive services and machine learning solutions thanks to this calculated strategic decision. Kemira expands its offering and reaffirms its dedication to providing cutting-edge and customized solutions to satisfy changing market demands with this purchase.

Fact.MR provides detailed information about the price points of key players of the feedwater treatment chemical market positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of Feedwater Treatment Chemical Market Research

• By Types of Chemical :

  • Oxygen Scavengers
  • Corrosion Inhibitors
  • Scale Inhibitors
  • pH adjusters
  • Biocides

• By End Use Industry :

  • Power Generation
  • Oil & Gas
  • Chemical Manufacturing
  • Metal & Mining
  • Food & Beverages
  • Paper & Pulp

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa