COVID-19 IMPACT ANALYSIS ON THE GLOBAL WATER TREATMENT CHEMICALS MARKET
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global Water Treatment Chemicals Market. In addition, Due to lockdown across globe has halted the production of electronic parts, which retrains the growth of the water treatment chemicals market. In Addition, the supply of raw materials was disrupted due to regulations on the import & export of the chemicals and raw materials. Thus, the shortage in the raw materials resulted in the production of water treatment chemicals affecting the growth of the market. Moreover, shutting down off the production, manufacturing, oil & gas, and operations in the industries is anticipated to impact the growth of the water treatment chemicals market in 2020
MARKET OVERVIEW- EUROPE WATER TREATMENT CHEMICALS MARKET
Water treatment chemicals are the components used for treatment of water. Different types of chemicals used for the water treatment process includes algaecides, antifoams, biocides, coagulants, etc. The three chemicals most commonly used as primary disinfectants are chlorine, chlorine dioxide and ozone. Monochloramine, usually referred to as chloramine, is used as a residual disinfectant for distribution. The global market is estimated and forecasted in terms of revenue (USD million) and value (KT) generated by the market from 2019 to 2024. Water treatment chemicals market shows a significant growth owing to increasing demand from various end user industries including food & beverage and metal & mining and increasing consumption of water across the globe. Rapid industrialization coupled with increasing population are the factors contributing to the growth of water treatment chemicals market. However, fluctuation in the prices of water treatment chemicals and easy availability of alternative methods for water treatment technologies are the prominent factors hindering the growth of the market.
MARKET DRIVERS
The increasing use of chemical due to increased awareness about water pollution and the urgent need to recycle wastewater in order to reliance on the shrinking sources of freshwater is expected to drive market growth over the forecast period. Due to the significant water consumption in sector like sugar, ethanol, and petrochemicals, Europe is one of the major consumers of industrial chemicals. Corrosion inhibitors, solvents, coagulants & flocculants, and antiscalants are some of the industrial chemicals that are used most commonly in Europe for the treatment of water. Moreover, the high level of industrialization achieved by the nation has resulted in a substantial demand for water treatment chemicals over the forecasted period.
MARKET OPPORTUNITIES
The European Industrial Emission Directive (IED), for example, set standards to control the emission of pollutants from industrial installations which have a significant impact on the market’s growth. Over the projection period, it is anticipated that the market for European water treatment chemicals is driven by an increase in rules in numerous European countries for overlooking the proper treatment of industrial water which provide a great opportunity for the key players of the targeted market. For instance, a number of restriction have been created in Italy to address the release of pollutants and sludge into water bodies.
MARKET RESTRAINTS
However, factors like high production and investment costs and the damaging effects of chemicals on the environment when not disposed of properly are likely to hinder the marker’s growth. The increasing popularity of electrocoagulation (EC) and biofiltration technologies due to their environment-friendly nature, is also likely to reduce the demand for chemicals used to treat water in the area.
MARKET GROWTH CHALLENGES
The trend in the water treatment industry is moving away from chemical treatment and towards physical treatment technology such as membranes and UV disinfection which is a great challenge for the key players of the targeted market. Moreover, once the chemical, especially the specialty chemical, loses its patent protection and goes public, it becomes extremely susceptible to being copied which is also
Analysis of cumulative growth
The report provides in-depth analysis of Global Sulfuric Acid Market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. Increasing demand for fertilizers and rising use of oleum are attributed to the market growth.
Europe Water Treatment Chemicals Market Segmental Overview
The Global Europe Water Treatment Chemicals Market comprises of different market segment like Raw Material, Application, Manufacturing Process and geography.
Europe Water Treatment Chemicals Market by Raw Material
Based on Raw Material, this market is segmented into elemental sulphur, base metal smelters, pyrite ore and others (from oil & petroleum refineries). Among all raw material, the elemental sulphur accounted for the largest market share of the Europe Water Treatment Chemicals Market due to abundant availability of elemental sulphur in the market. Also, production of sulfuric acid through elemental sulphur is less environment polluting as compared to pyrite ore roasting and base metal smelter. The base metal smelter and pyrite ore roasting facilities are required to execute strict processes for treating the produced sulfuric acid gases before their discharge into atmosphere, but sulfuric acid production is less contaminated given the heavy use of heavy use of sulphur in that process.
Europe Water Treatment Chemicals Market by Application
Based on application, the global Europe Water Treatment Chemicals Market is divided into fertilizers, metal processing, pulp & paper, petroleum refining, textile, automotive, chemical manufacturing and others. Fertilizer segment accounted for the largest application of sulfuric acid market. Growing use of sulfuric acid to produce quality fertilizers for agricultural use is projected to propel market growth. Moreover, growing urbanization and industrialization have caused tracts of agricultural land to deteriorate. Fertilizers are frequently employed by farmers throughout the world in this condition to increase crop output, which is projected to stimulate the expansion of the Europe Water Treatment Chemicals Market over the forecast period.
Europe Water Treatment Chemicals Market by Manufacturing Process
In addition to this, based on various manufacturing process, this market is categorized into lead chamber process, contact process, wet sulfuric acid process and others. The contact process accounts for the largest market, and is expected to witness high growth due to its lowers the emission of harmful gases during the production of sulfuric acid.
EUROPE WATER TREATMENT CHEMICALS MARKET BY COUNTRY
The Europe Water Treatment Chemicals Market is studied for the following region
- Italy
- UK
- Germany
- Spain
- Germany
- Rest of the Europe
Germany accounts for the major share of the Europe water treatment chemicals market currently due to the high demand from end-user industries. Environmental protection and human health are considered extremely important in Germany and has led to efficient water and wastewater treatment methods, and nearly 100% wastewater in Germany is treated to meet the highest standards set by the European Union. Germany however still has areas where the groundwater quality needs drastic improvement and phosphorous pollution caused due to agricultural land use is becoming a menace to water bodies. There is, however, a collective effort from the part of farmers and utilities to curb this problem, and this creates lucrative opportunity for water treatment chemicals market to grow. Germany has well established industries such as food & beverages, chemicals manufacturing, power plants. Hence, increase the usage of water treatment chemicals in different manufacturing steps, boiler water treatment, cooling water treatment etc.
COMPETITIVE LANDSCAPE ANALYSIS
Most companies are primarily involved in mergers, acquisitions, and joint ventures in order to expand their product offerings and establish a significant presence in the market. New product launches and endorsements are the key growth strategies adopted by the major players to reinforce their positions in the international market. Furthermore, these companies are mostly involved in the manufacturing of sulphur and their by-products for use in various applications such as fertilizers, chemical manufacturing, petroleum refinery, and other related sectors.
The key players studied in the market are
- Ecol
- Solenis
- Kemira
- Suez
- Kurita Water Industries Ltd.
RECENT DEVELOPMENT:
January 2019: BASF and Solenis merged their paper and water chemical businesses and aimed at adding value to their offerings and is anticipated to boost the sales of the company’s process chemicals.
