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Chemical Boiler Market Size - By Product (Fire-Tube, Water-Tube), By Technology (Condensing, Non-Condensing), By Fuel (Natural Gas, Oil, Coal), By Capacity), Growth Opportunities, Regional Insights & Forecast, 2023 – 2032

  • Report ID: GMI6770
  • Published Date: Sep 2023
  • Report Format: PDF

Chemical Boiler Market Size

Chemical Boiler Market size was valued at USD 2.7 billion in 2022 and is estimated to exhibit 3.9% CAGR from 2023 to 2032. Driven by increasing demand for energy-efficient heating systems, especially in emerging markets experiencing rapid industrialization.

Chemical Boiler Market

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Robust development of industrial infrastructure, coupled with ongoing efforts to save energy and adopt efficient heating systems, will further boost the boiler market. Moreover, the industry is set to benefit from a growing preference for low-emission heating systems and the gradual phasing out of traditional units, which will have a positive impact on its prospects.

COVID– 19 Impact

The industrial boiler market faced significant challenges during the COVID-19 pandemic, primarily stemming from disruptions in the supply chain and a reduction in industrial operations. Furthermore, constrained investments and economic uncertainties compounded the difficulties, hindering business growth. There were positive signs of recovery in the market by late 2021. This recovery was propelled by the rapid pace of industrialization and robust expansion of manufacturing facilities.

Chemical Boiler Market Trends

Stricter environmental regulations have driven the adoption of low-emission and ultra-low-emission boiler technologies which in turn will fuel the product penetration. This includes the use of cleaner fuels and advanced combustion techniques to minimize greenhouse gas emissions. The manufacturers are offering more customized solutions to meet the specific needs of chemical plants. Tailored designs can optimize efficiency and reliability for unique chemical processes.

Chemical Boiler Market Analysis

Condensing boiler market size is set to surpass USD 750 million by 2032. Flourishing chemical sector coupled with stringent government regulations to limit GHG emissions will positively impact the chemical boiler market landscape. The product offers key advantages including smart controls and remote monitoring, accelerating the industry potential.

Chemical Boiler Market Size, By Capacity, 2021 - 2032 (USD Billion)

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The 100-175 MMBtu/hr capacity boiler will grow at a 4.2% growth rate through 2032. The ability to burn multiple fuel types will drive the adoption of these heating systems across the chemical sector. This flexibility allowed industries to switch between fuels based on availability and cost, making them suitable option across wide tandem of applications.

Europe Chemical Boiler Market Revenue Share, By Product, 2022

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The water-tube boiler industry holds a market share of 60% in 2022. The energy efficiency has emerged as a prominent and significant trend within the chemical boiler market. Manufacturers are placing a strong emphasis on the development of fire tube industrial boilers that aim to optimize heat transfer efficiency while simultaneously reducing heat loss. This effort involves the integration of advanced combustion technologies, enhancements in insulation, and the implementation of heat recovery systems, all of which contribute to the acceleration of business opportunities in this sector.

Increasing environmental concerns and strict government regulations played a crucial role in shaping the market. Many countries introduced stricter emissions standards, encouraging the development and adoption of low-emission and ultra-low-emission gas-fired boilers. The industry saw innovations in technology, including integration of smart controls and IoT connectivity, driving the chemical boiler market growth.

North America Chemical Boiler Market Size, 2021 - 2032 (USD Million)

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North America industrial boiler market size exceeded USD 429.3 million in 2022. The integration of digital technologies and automation in boiler systems was on the rise. Remote monitoring, predictive maintenance, and smart controls were becoming more common, helping operators optimize boiler performance and reduce downtime. Moreover, the industry across the region has seen some consolidation, with larger companies acquiring smaller ones to expand their product portfolios.

Chemical Boiler Market Share

The key participants operating across the chemical boiler market include

  • Babcock & Wilcox Enterprises, Inc.
  •  Thermax Limited
  •  Fulton Boiler Works, Inc.
  • Cleaver-Brooks
  • Miura America
  • Boilermech Holdings Berhad
  •  Rentech Boiler Systems
  • Bosch Industriekessel
  • Hurst Boiler & Welding Co, Inc.
  •  VIESSMANN Group
  • York-Shipley
  • Forbes Marshall
  •  Clayton Industries
  • Cochran
  • Thermodyne Boilers.

Chemical Boiler Industry News

  • In February 2022, Cochran supplied, commissioned, and installed its two new boilers at Dunbia Retail, Dungannon. The low-pressure hot water boiler, 1 X Unical Modal, measures at 300 KW gas fired and steam boiler 1 x Cochran ST28 measures at 3,000 Kg/hr, work pressure 10 bar. Furthermore, the company will provide complete solution of Cochran’s flue gas economizer 5% on gas used.
  • In March 2020, Miura America Co., Ltd. and two other companies, Armstrong International and Hartford Steam Boiler/Munich RE, partnered to launch “Steam-as-a-Service (SAAS)” for the pulp & paper mill industries. The SAAS solution comes with the state-of-the-art designed modular boiler systems with the IoT capabilities, onsite operations, and maintenance facilities for a monthly fee. This partnership helped Miura America Co., Ltd. to enable technological upgrades and provide after-sales services to the clients.

This chemical boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MMBtu/hr” & “USD” from 2019 to 2032, for the following segments:

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By Capacity

  • < 10 MMBtu/hr
  • 10-25 MMBtu/hr
  • 25-50 MMBtu/hr
  • 50-75 MMBtu/hr
  • 75-100 MMBtu/hr
  • 100-175 MMBtu/hr
  • 175-250 MMBtu/hr
  • > 250 MMBtu/hr

By Product

  • Fire-Tube
  • Water-Tube

By Technology

  • Condensing
  • Non-condensing

By Fuel

  • Natural gas
  • Oil
  • Coal
  • Others

The above information has been provided for the following regions and country:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • UK
    • Poland
    • Italy
    • Spain
    • Austria
    • Germany
    • Sweden
    • Russia
  • Asia Pacific
    • China
    • India
    • Philippines
    • Japan
    • South Korea
    • Australia
    • Indonesia
  • Middle East & Africa
    • Saudi Arabia
    • Iran
    • UAE
    • Nigeria
    • South Africa
  • Latin America
    • Argentina
    • Chile
    • Brazil


Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of chemical boiler was worth USD 2.7 billion in 2022 and will cross USD 3.9 billion by 2032, due to the increasing need for energy-efficient heating systems, especially in emerging markets experiencing rapid industrialization worldwide.

The condescending technology segment of chemical boiler market will surpass USD 750 million by 2032, on account of the increasingly stringent government regulations to limit GHG emissions.

What factors are influencing growth of chemical boiler across North America?

Babcock & Wilcox Enterprises, Inc., Thermax Limited, Fulton Boiler Works, Inc., Cleaver-Brooks, Miura America, Boilermech Holdings Berhad, Rentech Boiler Systems, Bosch Industriekessel, and Hurst Boiler & Welding Co, Inc. are some of the major chemical boiler companies worldwide.

Chemical Boiler Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 1515
  • Countries covered: 26
  • Pages: 500
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