Power Plant Chemicals Market to See Incredible Growth During 2025
Power
plant chemicals can be broadly bifurcated into basic chemicals and
specialty chemicals. Basic chemicals are usually handled in bulk and
need to be transported directly to the dilution or dosing point. Some
of the basic chemicals are sulfuric acid, caustic soda, ferric
chloride, hydrochloric acid, etc. Specialty chemicals, on the other
hand, can be dosed by a dosing pump directly into the application
area. Phosphates, polyacrylates, disinfectants, flocculants, etc. are
some of the specialty chemicals. The specialty chemicals account for
a dominant share in the global market for power plant chemicals due
to their cheaper cost and easy availability.
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Power
plant chemicals are typically available in three forms – liquid,
powder, and granular. Of the three, powdered chemicals hold a
considerable share in the market owing to the convenience they accord
in storage and transportation and their longer shelf life. Liquid
chemicals are also quite popular since they can be blended easily
when used for water treatment. Decarburization, flocculating agent,
cleaning agent, heavy metal precipitation, softener, biocide,
anti-sealant, etc. are some of main products in the power plant
chemicals market.
Escalating
demand for electricity worldwide leading to the growing number of
power plant projects has, in turn, led to the demand in the power
plant chemicals that find application in process cycles of power
generation. Power plant chemicals are used in plants that deploy
steam generated process with fossil fuels, namely coal, oil, natural
gas, and radioactive material as feedstock. The power plants are said
to consume around 50 to 6,000 tons of different chemicals per year.
The
constant financial support provided by governments of various nations
to build power plants in order to satiate the ever-increasing need
for energy of people and industries has also had a positive bearing
on the market.
Power
plant chemicals find application in waste water treatment, boiler
water treatment, cooling water treatment, and heavy metal
precipitation, among others. Among them, the segment of waste water
treatment generates maximum revenue in the market due to the use of
massive quantities of chemicals in treating polluted water from power
plants.
Latin
America, North America, Europe, Asia Pacific, and the Middle East and
Africa are some of the key regions in the global market for power
plant chemicals. Asia Pacific, of them, holds a leading share in the
market and is trailed by Europe. The market in Asia Pacific has been
primarily boosted by the ever-surging demand for electricity because
of the swift pace of industrialization and urbanization in the
region. Densely populated China with its enormous thrust on
industrialization, to lift its population out of poverty, is at the
forefront of driving demand in Asia Pacific.
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North
America is another prominent region in the global market for power
plant chemicals. It is mainly being driven by the U.S.
Nalco,
A.S. Chemicals, AN Ecolab Company, GE Water Technologies, Classic
Chemicals, Sahara Oil & Gas Services LLC, GAC Chemical, Kemira
Oyj, Solvay S.A., Himadri Chemicals & Industries Limited, Dow
Chemical Company, and Vasu Chemicals are to name a few prominent
players operating in the global market for power plant chemicals.
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