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.