The industrial water treatment chemicals market in Europe to grow at a CAGR of 5.7% during the period 2016-2020.
Industrial Water Treatment Chemicals Market in Europe 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of industrial water treatment chemicals.
One trend Impelling growth in this market is the increased impact of industrialization. Industrialization and the increase in the standard of living and increased production have increased the use of water. The increase of production techniques that use water-powered motors and turning wheels has led to a rise in the use of water. This is increasing the need to reuse and recycle water.
According to the report, one driver propelling growth in this market is the stable demand for chemicals from the critical applications segment. Service companies provide onsite and remote analytical services such as water analysis, laboratory testing, inventory and knowledge management equipment solutions. Industries use water treatment chemicals in tandem with the service programs provided by the service companies as a strategy to reduce the overall cost.
Further, the report states that the recent reduction in the amount of chemicals required due to the advent of effective systems will hinder market growth during the predicted period. The industrial sector is increasingly trying to reduce the use of chemicals within their process systems. The water treatment companies, therefore, are in constant pursuit of providing new solutions. Innovations in the mechanical operation of the process systems tend to improve process productivity and may also result in the decreased use of chemicals.