The French Water Treatment Chemicals Market is expected to grow at a CAGR of 4.62% during the forecast period (2018 - 2023). The major factors driving the growth of the French water treatment chemicals market are growing demand from power and industrial applications and the stringent regulations to control produced and wastewater disposal.
Water treatment is a process where impurities like undesirable chemicals, biological contaminants, suspended solids, and gases are removed from contaminated water. The goal of this process is to produce water fit for a specific purpose. Apart from human consumption, water treatment serves a wide range of purposes including meeting requirements of agricultural, medical, household, pharmacological, chemical, and industrial applications.
In Europe, the guidelines for cooling water treatment and wastewater issues are generally given by REACH, under compliance with the European Commission, across all countries in the region. The guidelines have been tightened recently, forcing companies and plant officials to ensure the adoption of correct cooling water treatment systems. Therefore, many countries in the region are shifting focus towards green energy and on reducing pollutants that contaminate water, in turn driving the market for water treatment chemicals. Water treatment infrastructure has been progressively developing in the metropolitan cities in the country to meet the increasing regulations. Additionally, energy recovery from wastewater disposal is also driving the consumption of water treatment chemicals in the country.
The chemical industry in France is one of the key value adding manufacturing sectors for economic growth. Over 75% of the chemicals manufactured in France are exported, with fine chemicals and pharmaceuticals among the major types. The robust petrochemical industry in the country is contributing to the growth of the boiler water treatment chemicals in the country. The moderate growth with increasing investments in the chemical manufacturing sector in France is expected to drive the demand for water treatment chemicals at a moderate rate during the forecast period.
Major Players: Ecolab Inc., Suez Environment, BASF SE, Kemira Oyj, France-Water, and Solenis, among others
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