세계의 지열 처리 약품 시장 : 예측(2024-2029년)

Geothermal treatment chemicals market is projected to grow at a CAGR of 4.57% during the forecast period.

Geothermal power plants are essential in providing clean, affordable, and renewable energy by using hot water produced inside the earth to generate electricity. Here, geothermal treatment chemicals play an imperative role as these are efficiently used to protect geothermal systems from buildups such as interruptions and even blockages. Various chemicals are used in these geothermal water plants, such as polyacrylate, azoles, phosphonates, polyphosphates, and even polymaleic acid.

There are factors responsible for driving the market's growth, such as the rising demand for clean and renewable energy sources. According to Think Geo Energy, at the end of 2023, the total installed geothermal power generation capacity stood at 16,335 MW, an increase from 208 MW in 2022. There is a list of the top 10 countries whose geothermal power generation capacity is amongst the highest according to Geoplat.org as of January 2024, such as the United States (3,900 MW), Indonesia (2,418 MW), Philippines (1,652 MW), Turkey (1,691 MW), New Zealand (1,042 MW), Kenya (985 MW), Mexico (976 MW), Italy (916 MW), Iceland (754 MW), and Japan (576 MW). These top 10 countries combined represent at least 93% of the total installed capacity of geothermal plants, with an added contribution of 20 countries whose combined geothermal power generation capacity stands at 1,124 MW.

GEOTHERMAL TREATMENT CHEMICALS MARKET DRIVERS:

• The growing deployment of global electricity through geothermal deployment

According to the report by the Intergovernmental Panel on Climate Change (IPCC) on Geothermal Energy, increasing geothermal deployment will be essential as it could meet more than 3% of the global electricity demand and about 5% of the global demand for heat by 2025.

There has been a shift towards using sustainable energy owing to multiple factors, such as geopolitical instability and even climate concerns, in which the efficiency of geothermal energy plays an imperative role. Chemical treatments also play a role in the management of specific issues, such as corrosion and scaling, which are prevalent in geothermal systems. With the advancements in geothermal deployment and companies like Italmatch and Green Chemicals developing chemical solutions, the market of geothermal treatment chemicals can witness an increase in its growth.

Geothermal Treatment Chemicals Market Geographical Outlook

• The Asia Pacific region will dominate the geothermal treatment chemicals market during the forecast period.

The Asia-Pacific region is dominated by major economies like China, Japan, India, and South Korea. Some of the fastest-growing emerging economies, such as ASEAN countries, are from this region.

The increase in renewable energy sources is a growth driver for the demand for geothermal treatment chemicals in India owing to multiple factors, most importantly being governmental initiatives. As part of a broader renewable strategy, the government of India has been actively moving forward towards promoting geothermal energy through its initiatives. The Ministry of New and Renewable Energy (MNRE) in India in September 2023 drafted an Indian Geothermal Energy Development Framework to enhance India's long-term geothermal energy production. This framework's vision revolved around positioning India as a world leader in terms of its geothermal power generation sector, which is expected to be achieved at its initial stage through the deployment of 1000 MW of geothermal energy capacity by 2022 and by 2030, scaling it up to 10,000 MW. Furthermore, the Ministry of New and Renewable Energy has also formulated multiple projects that will be imperative in supplementing the utilization of geothermal resources nationwide.

The geothermal treatment chemicals market is segmented by application into production & reinjection wells, flash processes, binary processes, dry stream process cooling water systems, and turbine systems.

The geothermal treatment chemicals by application are broadly used in production and reinjection wells, flash processes, and binary processes. With the growing economies of Asia and Africa, the demand for these geothermal treatment chemicals is also being utilized in dry stream processes, cooling water systems, and even turbine systems.

Geothermal treatment chemicals market key developments:

• In April 2023, Italmatch Chemicals, to support the growth of Kenya's geothermal industrial development, took part in a four-day mission initiative organized by UNIDO ITPO (United Nations Industrial Development Organization- Investment and Technology Promotion Office) Italy. A total of 14 companies were selected, allowing them to visit local geothermal plants while attending conferences with key Kenyan players that offered them technical capabilities and innovative ideas in their geothermal sector. Through the strong expertise of Italmatch Chemicals in their antiscalants specialty chemicals field, the company has put itself in a position where it could support Kenya's green energy development while fulfilling its incredible potential in ensuring efficient and scale-free geothermal operations.
• In June 2023, a strategic investment was announced by Baker Hughes and Baseload Capital for the expansion of the geothermal energy project development capabilities. Baker Hughes is known as an energy technology company, and Baseload Capital is regarded as a specialized investment entity responsible for funding the deployment of geothermal heat and power. This collaboration was based on high-impact projects that could position geothermal as their baseload for renewable and clean energy sources for global markets. It also laid down ground-breaking high-potential opportunities for the efficient development and operation of next-generation geothermal technologies, taking them from the pilot stages to the commercial level. Through this key development, Baker Hughes is being placed at a high position in terms of their global geothermal market space for technology provision.

The geothermal treatment chemicals market is segmented and analyzed as follows:

By Product

• Scale Control
• Corrosion Control

By Application

• Production & Reinjection Wells
• Flash Process
• Binary Process
• Dry Steam Process
• Cooling Water Systems
• Turbine System

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Rest of South America
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• UAE
• Rest of the Middle East and Africa
• Asia Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Rest of Asia-Pacific

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base and Forecast Years Timeline
• 1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Process

3. EXECUTIVE SUMMARY

• 3.1. Key Findings
• 3.2. Analyst View

4. MARKET DYNAMICS

• 4.1. Market Drivers
  • 4.1.1. The Growing Deployment of Global Electricity Through Geothermal Deployment
  • 4.1.2. Other Drivers
• 4.2. Market Restraints
  • 4.2.1. Alternatives to Water Treatment Technologies
  • 4.2.2. Threats from Substitutes
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. The Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis

5. GEOTHERMAL TREATMENT CHEMICALS MARKET BY PRODUCT

• 5.1. Introduction
• 5.2. Scale Control
• 5.3. Corrosion Control

6. GEOTHERMAL TREATMENT CHEMICALS MARKET BY APPLICATION

• 6.1. Introduction
• 6.2. Production & Reinjection Wells
• 6.3. Flash Process
• 6.4. Binary Process
• 6.5. Dry Steam Process
• 6.6. Cooling Water Systems
• 6.7. Turbine Systems

7. GEOTHERMAL TREATMENT CHEMICALS MARKET BY GEOGRAPHY

• 7.1. Global Overview
• 7.2. North America
  • 7.2.1. United States
  • 7.2.2. Canada
  • 7.2.3. Mexico
• 7.3. South America
  • 7.3.1. Brazil
  • 7.3.2. Argentina
  • 7.3.3. Rest of South America
• 7.4. Europe
  • 7.4.1. United Kingdom
  • 7.4.2. Germany
  • 7.4.3. France
  • 7.4.4. Italy
  • 7.4.5. Spain
  • 7.4.6. Rest of Europe
• 7.5. Middle East and Africa
  • 7.5.1. Saudi Arabia
  • 7.5.2. United Arab Emirates
  • 7.5.3. Rest of the Middle East and Africa
• 7.6. Asia-Pacific
  • 7.6.1. China
  • 7.6.2. India
  • 7.6.3. Japan
  • 7.6.4. South Korea
  • 7.6.5. Taiwan
  • 7.6.6. Thailand
  • 7.6.7. Indonesia
  • 7.6.8. Rest of Asia-Pacific

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 8.1. Major Players and Strategy Analysis
• 8.2. Market Share Analysis
• 8.3. Mergers, Acquisitions, Agreements, and Collaborations
• 8.4. Competitive Dashboard

9. COMPANY PROFILES

• 9.1. ThinkGeoEnergy
• 9.2. Italmach Chemicals S.p.A.
• 9.3. Solenis
• 9.4. Ecolab
• 9.5. Kurita Europe GmbH
• 9.6. Roemex Limited
• 9.7. Buckman
• 9.8. Baker Hughes
• 9.9. Halliburton
• 9.10. SLB