Summary
Europe Cooling Water Treatment Chemical Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Corrosion Inhibitor, Scale Inhibitor, Biocide, and Others) and End-Use Industry (Power Industry; Steel, Mining & Metallurgy; Petrochemicals and Oil & Gas; Food & Beverage; Textile; and Others)
The Europe cooling water treatment chemical market is expected to grow from US$ 2,646.06 million in 2022 to US$ 3,518.08 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2022 to 2028.
Growing Popularity of Zero Liquid Discharge is Fueling the Europe Cooling Water Treatment Chemical Market
The power, oil & gas, chemicals, petrochemicals, and mining industries produce enormous volumes of wastewater.Generally, these wastewaters are released through a plant outfall into a surface water body, a dissipation lake, or a deep well injected.
Environmental concerns due to such releases have catalyzed advancements in zero liquid discharge (ZLD) processes.ZLD is a treatment process in which all wastewater is purged and reused, thereby leaving zero release toward the end of the treatment cycle.
This wastewater treatment technique incorporates ultrafiltration, switch assimilation, vanishing/crystallization, and fragmentary electrode ionization.It focuses on the economic reduction of wastewater volumes, along with producing clean water that is suitable for reuse.
ZLD systems generally comprise brackish water concentrators and crystallizers that use thermal evaporation to transform the saline solution into highly refined water. Apart from evaporator/crystallizer systems, ZLD systems may be enabled by promising advancements such as electrodialysis/electrodialysis reversal (ED/EDR), forward osmosis (FO), and membrane distillation (MD). These components are utilized in various combinations to bring down the expense and raise the productivity of the ZLD framework. In addition to the abovementioned techniques, other procedures associated with ZLD include softening, reverse osmosis, drying, and clarification. These procedures require different water treatment chemicals to enhance the productivity of the entire process. The growing concerns among populations about the effects of environmental releases of industrial waste, and stringent guidelines by administrations on water protection and wastewater management have added to the popularity of zero liquid discharge among different businesses, eventually boosting the cooling water treatment chemicals market growth.
Europe Cooling Water Treatment Chemical Market Overview
The cooling water treatment chemicals market in Europe is segmented into Germany, France, Italy, the UK, and the Rest of Europe.The Rest of Europe mainly includes Switzerland, Russia, Sweden, Denmark, and the Netherlands, among others.
The rising use of cooling water treatment chemicals such as corrosion inhibitors, scale inhibitors, and biocides owing to the increased awareness about water pollution and the subsequent need for water recycling to reduce the dependence on the shrinking sources of fresh water is expected to drive the cooling water treatment chemicals market growth during the forecast period.Europe is one of the prominent consumers of cooling water treatment chemicals owing to the prominent activity of industries such as power, steel, mining and metallurgy, petrochemicals, oil & gas, food & beverages, and textile, which require huge quantities of water.
A few of the most commonly used cooling water treatment chemicals in Europe are corrosion inhibitors, scale inhibitors, and biocides. Regulations developed by the European Industrial Emission Directive (IED) regulate the emission of pollutants from the industrial sector, thereby playing a crucial role in the progress of the cooling water treatment chemicals market.
Europe Cooling Water Treatment Chemical Market Revenue and Forecast to 2028 (US$ Million)
Europe Cooling Water Treatment Chemical Market Segmentation
The Europe cooling water treatment chemical market is segmented on the basis of end use and country.Based on type, the Europe cooling water treatment chemical market is segmented into corrosion inhibitor, scale inhibitor, biocide, and others.
The scale inhibitor segment held the largest market share in 2022.
Based on end-use industry, the Europe cooling water treatment chemical market is segmented into power industry; steel, mining & metallurgy; petrochemicals and oil & gas; food & beverage; textile; and others. The power industry segment held the largest market share in 2022.
Based on country, the Europe cooling water treatment chemical market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe cooling water treatment chemical market share in 2022.
Accepta; Albemarle Corporation; Buckman; Chemtex Speciality Limited; Ecolab; Veolia Water Technologies SASU; Kemira Oyj; and Kurita Water Industries Ltd. are the leading companies operating in the Europe cooling water treatment chemical market.
