Industrial water treatment chemicals: Key market research findings
- Germany to continue its market dominance
- Process water treatment chemicals to account for a majority of the market revenue
- Key vendors – Akzo Nobel, BASF, Calgon Carbon, Chemifloc, and Kemira
Technavio’s market research analysts predict the industrial water treatment chemicals market in Europe to grow at a CAGR of around 6% between 2016 and 2020. The demand for industrial water treatment chemicals is augmented by the increased emphasis on water and environment conservation. The European Union (EU) has set stringent guidelines to protect the environment by reducing the amount of pollutants from industrial sectors owing to growing concerns and awareness about environmental safety and human health. During 2015, Germany held 29% of the overall market space to become the dominant shareholder in the industrial water treatment chemicals market in Europe. The need for innovative, sustainable, and economically viable water and wastewater treatment solutions are factors that will propel growth in the industrial water treatment chemicals market in Germany during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of industrial water treatment chemical segments based on the application.
“Strict legislations regarding water conservation, within the industrial processes, that prevent gross misuse or wastage of water are prompting industries to look for better water treatment facilities and processes. Increased penalty for flouting any of these regulations is augmenting the focus on treating discharged water, reusing it, and investing in water treatment facilities. Besides, industries are forced to procure treated water from the municipality water treatment plant to reduce costs owing to the dearth of fresh water sources,” says Chandrakumar Badala Jaganathan, Lead Analyst, Chemicals & Materials, Technavio Research.
By 2020, the process water treatment segment is expected to occupy close to 48% of the total market space to continue its dominance over the industrial water treatment chemicals market in Europe. The process water treatment is focused largely on solutions for boiler and cooling water, closed circuit systems, heat exchangers, and cooling towers. These process systems are complex and perform critical operations at varying conditions. The chemicals used in process water treatment comprise of scale and corrosion inhibitors, antifoam agents, and biocides.
The key vendors in the market include Akzo Nobel, BASF, Calgon Carbon, Chemifloc, and Kemira. This market is highly competitive and includes companies that manufacture chemicals for treating water in the water treatment plants, service providers that provide value-added services in addition to the chemicals supplied, distributors that cater to the smaller end-user segments, and the agents that supply products in highly localized and regional markets. These participants directly deal with customers that have large bulk requirements. They provide all the required essential services including analytical services like laboratory, water analysis, equipment solutions, consulting services, inventory management, knowledge management, onsite services, and web-based monitoring.
A more detailed analysis is available in the Technavio report, Industrial Water Treatment Chemicals Market in Europe 2016-2020.
We can customize reports by other regions and specific segments upon request.
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