Product Code: GVR-4-68040-322-9
Water Treatment Chemicals Market For Geothermal Power Growth & Trends
The global water treatment chemicals market for geothermal power size is anticipated to reach USD 11.12 million by 2030, growing at a CAGR of 3.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth in utilization of scale control agents can be attributed to their ability to increase efficiency of power generation.
Geothermal water contains many scale and corrosion-forming chemical components such as silica, calcium, potassium, sulfate, hydrogen sulfate, fluoride magnesium, and chloride. It also contains variable concentrations of gases, such as carbon dioxide and nitrogen, as well as smaller quantities of ammonia, boron, mercury, and radon. If this water is left untreated, the mineral-rich geothermal water can cause scaling issues.
Corrosion inhibitors and scale inhibitors are used in industrial water treatment. They are used in geothermal applications. Scale inhibitors limit the precipitation of the scale-forming salts, including calcium carbonate, calcium sulfate, and calcium phosphate. Corrosion inhibitors prevent the geothermal machinery from rusting by preventing the formation of a layer of ferrous compounds over the machinery surfaces. The cost of raw materials used to produce water treatment chemicals for geothermal power, like polyphosphates, azoles, aluminum silicate/metal silicate, phosphonates, polyacrylate, and polymaleic acid can significantly affect product prices. Fluctuations in the prices of these raw materials owing to their supply-demand dynamics, availability, or production cost variations can affect the overall prices of water treatment chemicals for geothermal power.
Water Treatment Chemicals Market For Geothermal Power Report Highlights:
- The scale control segment dominated the market in 2023 and accounted for a revenue share of 63.4%. The growth of this segment can be attributed to the potential risk of mineral deposition and scaling, resulting in a rising demand for scale control in geothermal power plants.
- The flash process segment dominated the water treatment chemicals market for geothermal power in 2023 and accounted for a revenue share of 46.6%. The growth of this segment can be attributed to the surging number of geothermal power projects based on flash process worldwide owing to their economic benefits.
- Asia Pacific dominated the water treatment chemicals market for geothermal power by accounting for a revenue share of 36.8% of the market in 2023. The growth of the market in this region can be attributed to the rise in demand for water treatment chemicals in geothermal power plants in countries such as Indonesia, Japan, and Philippines.
- In May 2022, Lonza announced the launch of its product line, Geogard, as the latest range of innovation for geothermal applications. The use of these geogard technologies is associated with important benefits for geothermal operators. The company, with the introduction of these products, can improve the efficiency of the plant and power recovery by inhibiting scaling deposition. In addition, costly shutdowns for mechanical cleaning can be avoided, leading to significant money savings.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.4 Information analysis
- 1.5 Market formulation & data visualization
- 1.6 Data validation & publishing
- 1.6.1 Research scope and assumptions
- 1.6.2 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Water Treatment Chemicals Market for Geothermal Power: Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Water Treatment Chemicals Market Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Raw Materials TrendS
- 3.2.2 Manufacturing/technology Trends
- 3.2.3 Sales Channel Analysis
- 3.3 Price Trend Analysis
- 3.3.1 Factors influencing prices
- 3.4 Regulatory Framework (Standards, Compliance, Approvals, and Policies)
- 3.4.1 regulations for Water Treatment Chemicals for Geothermal Power
- 3.5 Market Dynamics
- 3.5.1 Market Driver Analysis
- 3.5.1.1 Growing Demand for Renewable Energy
- 3.5.1.2 Increasing use of corrosion inhibitors in Geothermal plants
- 3.5.2 Market Restraint Analysis
- 3.5.2.1 High Operational Cost
- 3.5.3 Industry challenges
- 3.5.4 Industry opportunities
- 3.6 Industry Analysis Tools
- 3.6.1 PORTERs Analysis
- 3.6.2 Macroeconomic Analysis- PESTLE Analysis
Chapter 4 Water Treatment Chemicals Market for Geothermal Power: Supplier Portfolio Analysis
- 4.1 Engagement Model
- 4.2 Negotiation Strategies
- 4.2.1 Supply agreements
- 4.2.2 Risk Mitigation By Decreasing Dependency On One raw material Supplier
- 4.3 Sourcing Best Practices
- 4.3.1 Raw Material Price Tracking and agreements
- 4.4 List of Key Raw Material Suppliers
Chapter 5 Water Treatment Chemicals Market for Geothermal Power: Product Estimates & Trend Analysis
- 5.1 Product Movement Analysis & Market Share, 2023 & 2030
- 5.1.1 Scale Control
- 5.1.2 Corrosion Control
Chapter 6 Water Treatment Chemicals Market for Geothermal Power: Application Estimates & Trend Analysis
- 6.1 Application Movement Analysis & Market Share, 2023 & 2030
- 6.1.1 Production & Reinjection Wells
- 6.1.2 Flash Process
- 6.1.3 Binary Process
- 6.1.4 Dry Steam Process
- 6.1.5 Cooling Water Systems
- 6.1.6 Turbine Systems
Chapter 7 Water Treatment Chemicals Market for Geothermal Power: Regional Estimates & Trend Analysis
- 7.1 Water Treatment Chemicals Market for Geothermal Power: Regional Outlook
- 7.2 North America
- 7.2.1 North america Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.2.2 U.S.
- 7.2.2.1 Key country dynamics
- 7.2.2.2 U.S. Water Treatment Chemicals Market for Geothermal Power Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.2.3 Canada
- 7.2.3.1 Key country dynamics
- 7.2.3.2 Canada Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.2.4 mexico
- 7.2.4.1 Key country dynamics
- 7.2.4.2 Mexico Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.3 Europe
- 7.3.1 Europe Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.3.2 Germany
- 7.3.2.1 Key country dynamics
- 7.3.2.2 Germany Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.3.3 UK
- 7.3.3.1 Key country dynamics
- 7.3.3.2 UK Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.3.4 France
- 7.3.4.1 Key country dynamics
- 7.3.4.2 France Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.3.5 Italy
- 7.3.5.1 Key country dynamics
- 7.3.5.2 Italy Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.3.6 spain
- 7.3.6.1 Key country dynamics
- 7.3.7 Turkey
- 7.3.7.1 Turkey Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.4.2 China
- 7.4.2.1 Key country dynamics
- 7.4.2.2 China Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.4.3 India
- 7.4.3.1 Key country dynamics
- 7.4.3.2 India Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.4.4 Japan
- 7.4.4.1 Key country dynamics
- 7.4.4.2 Japan Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.4.5 SOUTH KOREA
- 7.4.5.1 Key country dynamics
- 7.4.6 Philippines
- 7.4.6.1 Philippines Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.4.7 Indonesia
- 7.4.7.1 Indonesia Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.5 Central & South America
- 7.5.1 Central & South America Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.5.2 Brazil
- 7.5.2.1 Key country dynamics
- 7.5.2.2 Brazil Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.5.3 ArGentina
- 7.5.3.1 Key country dynamics
- 7.5.3.2 Argentina Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.6 Middle East & Africa
- 7.6.1 Middle East & Africa Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.6.2 Saudi arabia
- 7.6.2.1 Key country dynamics
- 7.6.2.2 Saudi arabia Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 7.6.3 South Africa
- 7.6.3.1 Key country dynamics
- 7.6.3.2 South africa Water Treatment Chemicals Market for Geothermal Power Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
Chapter 8 Competitive Landscape
- 8.1 Recent Developments by Key Players & Their Impact
- 8.2 Key Company Categorization
- 8.3 Company Market Positioning Analysis
- 8.4 Competitive Heat Map Analysis
- 8.5 List of Potential Customers/Geothermal Plants
- 8.6 Vendor Landscape
- 8.6.1 List of Key Distributors/Channel Partners
- 8.7 Market Participant's Overview
- 8.7.1 Italmatch Chemicals S.p.A.
- 8.7.1.1 Participant's overview
- 8.7.1.2 Financial performance
- 8.7.1.3 Product benchmarking
- 8.7.1.4 Recent developments
- 8.7.2 Solenis
- 8.7.2.1 Participant's overview
- 8.7.2.2 Financial performance
- 8.7.2.3 Product benchmarking
- 8.7.2.4 Recent developments
- 8.7.3 Ecolab
- 8.7.3.1 Participant's overview
- 8.7.3.2 Financial performance
- 8.7.3.3 Product benchmarking
- 8.7.4.4 Recent developments
- 8.7.4 Kurita Europe GmbH
- 8.7.4.1 Participant's overview
- 8.7.4.2 Financial performance
- 8.7.4.3 Product benchmarking
- 8.7.4.4 Recent developments
- 8.7.5 Roemex Limited
- 8.7.5.1 Participant's overview
- 8.7.5.2 Financial performance
- 8.7.5.3 Product benchmarking
- 8.7.5.4 Recent developments
- 8.7.6 Buckman.
- 8.7.6.1 Participant's overview
- 8.7.6.2 Financial performance
- 8.7.6.3 Product benchmarking
- 8.7.6.4 Recent developments
- 8.7.7 Baker Hughes
- 8.7.7.1 Participant's overview
- 8.7.7.2 Financial performance
- 8.7.7.3 Product benchmarking
- 8.7.7.4 Recent developments
- 8.7.8 Halliburton
- 8.7.8.1 Participant's overview
- 8.7.8.2 Financial performance
- 8.7.8.3 Product benchmarking
- 8.7.8.4 Recent developments
- 8.7.9 SLB
- 8.7.9.1 Participant's overview
- 8.7.9.2 Financial performance
- 8.7.9.3 Product benchmarking
- 8.7.9.4 Recent developments
- 8.8 Financial Performance (2022-23)
- 8.9 Product Benchmarking
- 8.10 Strategy Mapping
- 8.10.1 Collaboration
- 8.10.2 new product launch
- 8.10.3 other strategies