Market Size of Europe Water Treatment Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Water Treatment Chemicals Market Analysis
The market for water treatment chemicals in Europe is expected to register at a CAGR above 4% during the forecast period.
The COVID-19 epidemic harmed the water treatment chemical sector. Global lockdowns and stringent rules enforced by governments resulted in a catastrophic setback as most production hubs were shut down. Nonetheless, the business is recovering from 2021 and is expected to rise significantly in the coming years.
- One of the significant factors driving water treatment chemicals consumption is the stringent regulations to produce and dispose of wastewater properly. It is to preserve and protect the marine ecosystem from pollutants and other toxic species.
- On the flip side, the hazardous nature of hydrazine is a major restraining factor in the market studied.
- In the next few years, a shift in emphasis towards green chemicals is projected to provide significant growth potential for the industry under consideration.
- Power generation includes the largest market share among end-user industries and is likely to continue its position during the projection period.
- Germany presently holds the largest market share among European countries and will likely maintain its dominance during the projection period.
