Europe ranks as the third largest market for water treatment chemicals, after Asia-Pacific and North America. In terms of demand growth, the region is slated to maintain a CAGR of about 4%-4.5% during the 2015-2020 analysis period. Germany forms the largest market for water treatment chemicals in Europe, it also registers itself to be the fastest growing one with an annual rate of about 5% between 2015-2020. By product estimates, corrosion & scale inhibitors dominate the European water treatment chemicals market and by application estimates, municipal water treatment is the largest. While corrosion & scale inhibitors would witness fastest growth during the analysis period, general industrial applications like manufacturing, mining & mineral processing and electric power generation would also record an impressive growth.
Water treatment can be defined as the process employed to eliminate contaminants present in water, which can be achieved via a number of techniques. Water treatment chemicals constitute one such technique, wherein contaminated or waste-water is treated with chemicals in order to make them worthy of human consumption and be also useful in other applications which require clean water.
The higher incidence of water borne epidemics has increased the awareness of water purification and the use of water treatment chemicals for the purpose of purification of drinking water. Water is being used in various industries, especially in the emerging economies where there are several industries being set up. The standards for water quality has increased, leading to a stronger demand to improve the purification methods. However, the water purification equipment is not adequate to advance towards this high standard, as it requires additional water purification chemicals.
There are stringent environmental norms that require treatment and removal of pollutants from water before they enter into the environment. The municipal corporations are adopting water treatment facilities to clean and recycle water before it serves for drinking and sanitation purposes.
The Europe Water treatment chemicals market is segmented by the product (Biocides & disinfectants, coagulants & flocculants, corrosion & scale inhibitors, defoamers & defoaming agents, pH adjusters and softeners and other chemicals), by their application ( commercial & institutional, electric power generation, energy, manufacturing, mining & mineral processing, municipal and other applications) by the geography (Germany, U.K., France, Italy, Spain and other countries). The key players in this market are Accepta, BASF SE, Chemtreat Inc., Organo Corp., PQ Corp. and Wex Technologies.
The soaring water quality standards in the industrial applications and the stringent environmental laws on water treatment and waste water management are the drivers of this market.
There are no alternative water treatment technologies that are available in the market. Additionally, there is also a need to find eco-friendly solutions for water treatment which can balance and treat the chemical and naturally-occurring water pollution differently. All these aspects pose to be possible restrains for this market.
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