At 5.0% CAGR, Europe Cooling Water Treatment Chemicals Market is Projected to be Worth US$ 3,907.36 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe cooling water treatment chemicals market was valued at US$ 2,641.62 million in 2022 and is projected to reach US$ 3,907.36 million by 2030, registering a CAGR of 5.0% from 2022 to 2030. Increasing popularity of zero liquid discharge and growing demand from power industry are among the critical factors attributed to drive the Europe cooling water treatment chemicals market growth.

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.

On the contrary, surging preference for chlorine alternatives hampers the growth of Europe cooling water treatment chemicals market.

Based on type, the Europe cooling water treatment chemicals market is segmented into scale inhibitor, corrosion inhibitor, biocide, and others. The scale inhibitor segment held 33.6% market share in 2022, amassing US$ 886.60 million. It is projected to garner US$ 1,299.01 million by 2030 to register 4.9% CAGR during 2022–2030.

In terms of end use, the Europe cooling water treatment chemicals market is segmented into power; steel, mining, and metallurgy; petrochemicals, oil, and gas; food and beverages; textile; and others. The power segment held 35.6% share of Europe cooling water treatment chemicals market in 2022, amassing US$ 940.40 million. It is anticipated to garner US$ 1,343.04 million by 2030 to expand at 4.6% CAGR during 2022–2030.

Based on country, the Europe cooling water treatment chemicals market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 24.1% share of Europe cooling water treatment chemicals market in 2022. It was assessed at US$ 636.41 million in 2022 and is likely to hit US$ 913.78 million by 2030, registering a CAGR of 4.6% during 2022–2030.

Key players operating in the Europe cooling water treatment chemicals market are Accepta Ltd, Albemarle Corp, Buckman Laboratories lnternational Inc, Ecolab Inc, Kemira Oyj, Kurita Water Industries Ltd, and Veolia Water Solutions & Technologies SA, among others.

• In November 2023, Kemira has extended its ferric sulfate water treatment chemicals production line in Goole, UK, to meet growing demand for coagulants due to stricter regulations. The new capacity, set to operate in Q3 2025, will increase flexibility in using different types of iron raw materials and secure a strong supply service when demand increases. Kemira currently produces over 350,000 tons of water treatment and chemicals annually at its four UK manufacturing sites.

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