Gas Fired Chemical Boiler Market Size - By Capacity, By Product, By Technology, Analysis, Share, Growth Forecast, 2025 - 2034

Gas Fired Chemical Boiler Market Size

The global gas fired chemical boiler market was valued at USD 760 million in 2024. The market is expected to reach USD 1.2 billion in 2034, at a CAGR of 4.8%. Paradigm shift toward efficient cleaner energy sources along with growing advancement in boiler systems aimed at improving efficiency and reducing emissions will augment the business landscape.
 

Rising investments in advanced, high-efficiency boiler technologies coupled with the integration of durable and corrosion-resistant materials are set to drive industry expansion. The increasing focus on eco-friendly solutions together with the rising need for clean energy solutions will foster the adoption of chemical boiler.
 

For instance, in 2024, the American Chemistry Council estimates an increase of 2.5% for the U.S. basic chemicals industry, propelled by the higher consumption of petrochemicals, organic intermediates, inorganic chemicals, and polymeric plastic resins. Additionally, plastic resin production was projected to rise by 2.9%, supported by increased export activity.
 

Robust industrialization and urbanization growth in emerging economies combined with increasing investment in energy infrastructure will influence the business potential. Strict environmental mandates and codes toward adoption of energy efficient units in line with upgradation of existing boiler systems will proliferate the industry outlook.
 

The growing focus on energy-efficient heating systems in conjunction with the incorporation of advanced digital technological units will cater favorable business scenario. Additionally, the ongoing expansion and refurbishment of industrial activities combined with rising demand for dependable and efficient steam generation systems will bolster the gas fired boiler market.
 

For instance, from 2000 to March 2024 the FDI in the chemicals sector was USD 22 billion. Increasing production capacities, advancements in technology, and growing global demand will enable the industry to garner further investments accounted to USD 93.6 billion by 2025.
 

Growing adoption of strategies pertaining to global economic growth and changes with respect to energy usage, along with increased use of smart systems for managing buildings will have a positive impact on the business environment. Continuous innovation in boiler technologies including advanced combustion control with digital monitoring of boilers will propel the product deployment.
 

Gas Fired Chemical Boiler Market Trends

The industry is poised for significant growth on account of favorable environmental policies, incentives program, and regulations toward GHG emissions reductions. Surging energy prices coupled with the shift toward cleaner energy sources are increasingly pursuing energy-efficient solutions, thereby stimulating the business landscape.
 

Rapid urbanization and industrialization across emerging economies along with the growing construction activities in infrastructure development leads to higher demand for dependable heating solutions, which in turn will amplify the industry growth. Additionally, government policies aimed at industrial heating gasification will create positive business scenario.
 

For instance, in February 2024, Germany reiterated its promise to comply with the net-zero emissions target of 2045 set by its parliament, government and constitutional court. This commitment will necessitate extensive decarbonization investments, which will substantially increase costs for the public as the country meets its climate targets.
 

The governing bodies in developing countries are putting strict energy performance regulations which drive industries to adopt high-efficiency boilers, thereby stimulating industry expansion. Additionally, advancements in condensing technology combined with the integration of advanced control systems will sway the business scenario.
 

The expansion of LNG infrastructure and increased pipeline networks are ensuring a steady gas supply, making gas-fired boilers a cost-effective option for chemical plants. Moreover, the advancement in burner technologies aimed at increasing combustion efficiencies while simultaneously decreasing NOx emissions will also catalyze the expansion of the industry.
 

For instance, the Ministry of Petroleum and Natural Gas has stated that by the year 2024, LNG infrastructure is expected to grow with the use of 100,000 LNG compatible buses and trucks for long distance travel. Furthermore, the sector of cold warehousing is expected to increase its capacity by 0.4 MMT, which will require an investment of approximately USD 130 million.
 

These systems provide flexibility, allowing chemical plants to expand or downsize their operations based on demand without the need for large, fixed infrastructure investments. Furthermore, industrial expansion in developing economies requires more process heat in line with growing circular economy initiatives will escalate the business growth.
 

Gas Fired Chemical Boiler Market Analysis

• The gas fired chemical boiler industry was estimated at USD 682.3, 720.8 & 760 million in 2022, 2023 and 2024 respectively. Based on technology, the industry is segmented into condensing and non-condensing. The industry has witnessed significant growth driven by improved operational efficiency and the surging adoption of advanced technological systems.
   
• The condensing gas fired chemical boiler market is expected to grow at a CAGR of over 4.5% by 2034. Rising costs of energy along with stringent environmental regulations are influencing industries to adopt these condensing technologies to minimize carbon emissions. Moreover, ongoing technological advancements aimed at conserving energy along with supportive government policies and schemes will further fortify the industry expansion.
   
• For reference, in 2024, the U.S. DOE spent over USD 6 billion from decarbonization investments for energy intensive manufacturing sectors. It included chemical industries and refining with the objectives of reducing emissions and energy while enhancing associated processes technology.
   
• The non-condensing gas fired chemical boiler market is projected to reach over USD 900 million by 2034. The industry is experiencing robust growth fueled by their low prices and fit with pre-built structures. The implementation of modulating burners and sophisticated control mechanisms will further fuel the demand for these units.
   

• Based on capacity, the industry is segmented into 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. The 10 MMBTU/hr gas fired chemical boiler market has a market share of 33.3% in 2024. These boilers are gaining traction owing to their small footprint, simple installation, and lower initial cost.
   
• The 10 - 25 MMBTU/hr gas fired chemical boiler industry will project at a CAGR of over 4% by 2034. These systems are frequently implemented within small to medium sized chemical facilities. The capability of performing maintenance based on the real state of the boiler rather than intermediate tunnel periods is improving the life cycle of these systems.
   
• For instance, in 2023, the Infrastructure Investment and Jobs Act provided USD 75 billion funding for clean energy initiatives. which included USD 21.5 billion set aside for clean energy projects, USD 8.6 billion for clean energy manufacturing, and USD 6.5 billion allocated toward energy efficiency improvements.
   
• The 25 - 50 MMBTU/hr gas fired chemical boiler market is projected to reach over USD 100 million by 2034. Growing mandates for NOx and SOx reduction in industrial emissions in line with increasing tax benefits for investments in high-efficiency gas-fired equipment will stimulate the business dynamics.
   
• The 50 - 75 MMBTU/hr gas fired chemical boiler market reach over USD 80 million by 2024. These systems enhance tracking accuracy and avoid interruptions in production processes by reducing mid-cycle maintenance costs and helping in energy management. Furthermore, growing focus on ecological and economically compatible heating systems will create favorable industry opportunities.
   
• For instance, in July 2023, the Department of Energy allocated USD 23.4 million to 14 states for 16 carbon management projects. The funding will assist companies that are engaged in community outreach for the carbon capture, transport, and storage technology advancements.
   
• The 75 - 100 MMBTU/hr gas fired chemical boiler market has a market share of over 10% in 2024. Growing shift toward greener technologies in combination with the smart control unit and investment growth in gas distribution infrastructure will propel business growth.
   
• The 100 - 175 MMBTU/hr gas fired chemical boiler industry project at a CAGR of over 4.5% in 2034. These boilers often find applications in big-size chemical plants, which have high and constant heat consumption. applications are demanding in terms of boiler reliability and the ability to operate continuously over prolonged periods without performance loss.
   
• For instance, in 2023, Japan invested roughly USD 13.4 billion in the chemical industry. This investment underscores the country’s continuous efforts to improve the chemical sector and expand the industry through investment initiatives.
   
• The 175 - 250 MMBTU/hr gas fired chemical boiler market is projected to reach over USD 170 million by 2034. Significant investment from both public and private sectors to upgrade existing boiler capabilities ensuring compliance with new environmental regulations and efficiency standards will elevate the industry penetration.
   
• The > 250 MMBTU/hr gas fired chemical boiler market is projected to reach over USD 20 million by 2024. These systems enable chemical industries to harness surplus heat or low-demand periods energy, supplying more consistent energy when demand peaks, which leads to broad industry growth.
   

• U.S. gas fired chemical boiler market was valued at USD 175.6, 185.8 & 195.3 million in 2022, 2023 and 2024 respectively. The country will project over USD 290 million by 2034. Supportive government incentives program, rapid technological advancements, and refurbishment of industrial infrastructure will propel the adoption of these efficient boilers.
   
• North America gas fired chemical boiler market will witness at a CAGR of over 4% in 2034. The region is witnessing notable growth propelled by emission and air quality reduction policies alongside innovation in remote monitoring and predictive maintenance work technologies.
   
• For instance, in 2023, Canada’s chemical sector produced USD 74.9 billion in production value. They also exported USD 48 billion worth of chemicals and their products, which shows that the country is dominant in international markets.
   
• The Europe market was valued over USD 190 million in 2024. The region is observing notable growth on account of increasing focus on energy efficiency in industrial operations. Additionally, the rise of small and medium-sized enterprises in the chemical industry will elevate business potential.
   
• The Asia Pacific gas fired chemical boiler market is set to reach over USD 450 million by 2034. The expansion of industrial zones & urban areas and advancements in gas storage solutions along with the integration of renewable energy systems with conventional boiler systems will augment the industry scenario.
   
• For instance, in 2023, capital spending in the EU27 chemical sector was around USD 34.6 billion, which constitutes an increase from USD 32.7 billion in 2022, making this figure the second largest ever recorded. Moreover, Europe holds an important position in the global market, even accounting for 12% of investment in the chemical industry worldwide.
   
• The Middle East & Africa gas fired chemical boilers market has a market share of over 5.5% in 2024. The stringent policies supporting emission control alongside government instructions of emission reduction are driving innovation in modular boiler design which in turn are enhancing the industrial landscape.
   
• The Latin America market will witness at a CAGR of over 3% in 2034. Continuous enhancement in boiler technology including combustion systems and heat exchangers combined with federal and state-level rebate and incentives programs will invigorate the industry outlook.
   

Gas Fired Chemical Boiler Market Share

• The top 5 players including Babcock Wanson, ALFA LAVAL, Babcock & Wilcox, Viessmann and Hurst Boiler & Welding together hold a share of about 42% in the gas fired chemical boiler industry. Alfa Laval's innovative boiler system’s improvement directly impacts energy efficiency and sustainability of a variety of industries. Their sophisticated testing techniques guarantee maximum operational effectiveness and dependability in high pressure environments.
   
• For instance, Alfa Laval successfully developed a new burner and fuel supply system to address methanol’s unique properties. Subsequently, the company received an approval in principle from the American Bureau of Shipping (ABS) for operating boilers on methanol after comprehensive trials at its Test & Training Centre.
   
• Viessmann’s evolution in the advancement of boiler technologies will ensure the company retains its position in the sector. As the company drives transformation in the industry, it is increasing the efficiency of heating systems, optimizing energy usage, and reducing harmful emissions.
   

Gas Fired Chemical Boiler Market Companies

• Daikin Industries reported USD 24 billion revenues in the first three quarters of the year 2024, with business including air conditioning and refrigeration equipment, chemicals, as well as in other domains. Among these business activities, the chemical segment had revenues of USD 1.3 billion during the same time frame.
   
• In 2024, Alfa Laval registered net sales amounting to USD 6.3 billion, while the orders received grew by 7% to reach USD 7.1 billion. The net income of the firm also increased significantly to USD 705.6 million, which was a growth of 16.5% from the previous year. Further, the company strives to promote innovation and sustainability with cutting-edge solutions.
   
• In the first nine months of 2024, Thermax earned revenues of USD 860.9 million. The legacy of the company’s boilers contributed to this growth considering the shift toward energy efficient and clean heating technologies.
   

Major players operating in the gas fired chemical boiler industry are:

• ALFA LAVAL
• Ariston Holding
• Babcock & Wilcox Enterprises
• Babcock Wanson
• BDR Thermea Group
• Bosch Industriekessel
• Clayton Industries
• Cochran
• DAIKIN INDUSTRIES
• Danstoker
• FERROLI
• Forbes Marshall
• Fulton
• Hurst Boiler & Welding
• Miura America
• Rentech Boiler Systems
• Thermax
• Thermodyne Boilers
• Vaillant Group
• VIESSMANN
   

Gas Fired Chemical Boiler Industry News

• In February 2024, UL Standards & Engagement released what is now referred to as ANSI/CAN/UL 795:2024 for Industrial-Commercial Gas-Fired Package Boilers. This updated bi-national standard is the first in North America to provide a certification pathway for boilers incorporating up to 25% hydrogen blending, setting a new industry benchmark.
   
• In February 2024, Miura introduced enhanced preventative maintenance programs in collaboration with Hartford Steam Boiler and launched Miura’s Care Program. This program boasts increased ease of maintenance coupled with enhanced protecting of boiler systems. In addition, Miura has further enhanced the program by the integration of the Internet of Things (IoT) which greatly improves the effectiveness of both preventative and predictive maintenance.
   
• In March 2023, Fulton introduced the Classic Vertical Steam boiler unit with output capacities ranging between 100 and 300 kW at over 10 Barg pressure. Constructed for sustained dependability, this unit is adaptable to gas, oil, and Propane/LPG burners boast efficiency of up to 84%, making it an affordable option for various industrial applications.
   
• In January 2023, Babcock Wanson expanded Norwegian high-voltage boiler specialist Parat and PBS Power Equipment, an industrial boiler systems integrator, to its industrial boiler portfolio. These acquisitions improve Babcock Wanson's competitive position in Europe while simultaneously improving its ability to meet customer requirements during the energy transition.
   

The gas fired chemical boiler market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Units), Capacity (MMBTU/hr) & revenue (USD Million) from 2021 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, 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

Market, By Product

• Fire-tube
• Water-tube

Market, By Technology

• Condensing
• Non-condensing

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

• 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