The Europe dust control or suppression chemicals market was valued at US$ 198.27 million in 2022 and is expected to reach US$ 272.19 million by 2030; it is estimated to grow at a CAGR of 4.0% from 2022 to 2030.
Increasing Investments and Operations in Mining Sector Drive Europe Dust Control or Suppression Chemicals Market
The increase in mining activities worldwide has resulted in rising demand for dust control and suppression chemicals. Governments and organizations in countries such as Australia, China, the Czech Republic, Portugal, the US, Canada, and others are actively promoting exploration and mining activities. In November 2023, a tentative agreement was achieved between the European Parliament and the Council about the Critical Raw Materials Act (CRMA). The regulation will affect businesses in a variety of ways, including the manufacturing sector, investors, non-EU players, and the mining and processing industries. By early 2024, the CRMA may rank among the fastest-passed EU regulations ever. Its goal is to secure Europe's supply of resources such as magnesium, lithium, nickel, and other elements needed for the green transition and strategic industries. The expansion of mining operations, quarrying, and construction activities creates a demand for dust control and suppression chemicals to minimize the environmental impact and comply with regulations.
Europe Dust Control or Suppression Chemicals Market Overview
The construction sector in Europe has consistently expanded due to the rising population. Also, rapid shifts in the remodeling business trends, such as remodeling for accessibility, style mashing-up, customizations, and technological integrations, are likely to fuel the construction sector in the coming years. The surge in investments by governments and private companies in infrastructure building and construction projects is anticipated to fuel the demand for dust suppressant chemicals that can be applied to various surfaces in construction sites, including unpaved roads, demolition sites, excavation, and stockpiles. Dust suppression systems offer several benefits, such as increased safety, improved worker health, and reduced environmental impact. According to the European Construction Industry Federation, the European Union (EU) invested US$ 1.4 trillion in the construction industry in 2020, and the investment in the industry was reported to increase by 4.2% in 2021. Germany, France, the UK, Italy, and Spain accounted for more than 70% of total investments in the construction of buildings and other structures. Thus, the significantly growing construction sector in the region is expected to boost the dust suppressants market growth during the forecast period.
Europe Dust Control or Suppression Chemicals Market Revenue and Forecast to 2030 (US$ Million)
Europe Dust Control or Suppression Chemicals Market Segmentation
The Europe dust control or suppression chemicals market is segmented based on chemical type, end-use industry, and country. Based on chemical type, the Europe dust control or suppression chemicals market is segmented into lignin sulfonate, calcium chloride, magnesium chloride, asphalt emulsions, oil emulsions, polymeric emulsions, and others. The calcium chloride segment held the largest market share in 2022.
In terms of end-use industry, the Europe dust control or suppression chemicals market is categorized into mining, construction, oil and gas, food and beverage, textile, glass and ceramics, pharmaceuticals, and others. The mining segment held the largest market share in 2022.
Based on country, the Europe dust control or suppression chemicals market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Russia dominated the Europe dust control or suppression chemicals market share in 2022.
Benetech Inc, Veolia Environnement SA, Ecolab Inc, Quaker Chemical Corp, Dow Inc, BASF SE, Solenis LLC, and Borregaard ASA are some of the leading players operating in the Europe dust control or suppression chemicals market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 198.27 Million |
| Market Size by 2030 | US$ 272.19 Million |
| CAGR (2022 - 2030) | 4.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Chemical Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
1. Benetech Inc
2. Veolia Environnement SA
3. Ecolab Inc
4. Quaker Chemical Corp
5. Dow Inc
6. BASF SE
7. Solenis LLC
8. Borregaard ASA
The Europe Dust Control or Suppression Chemicals Market is valued at US$ 198.27 Million in 2022, it is projected to reach US$ 272.19 Million by 2030.
As per our report Europe Dust Control or Suppression Chemicals Market, the market size is valued at US$ 198.27 Million in 2022, projecting it to reach US$ 272.19 Million by 2030. This translates to a CAGR of approximately 4.0% during the forecast period.
The Europe Dust Control or Suppression Chemicals Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Dust Control or Suppression Chemicals Market report:
The Europe Dust Control or Suppression Chemicals Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Dust Control or Suppression Chemicals Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Dust Control or Suppression Chemicals Market value chain can benefit from the information contained in a comprehensive market report.
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