Swimming Pool Treatment Chemicals for Residential Application Market Size, Trends, Growth Scenario and Analysis 2028
Posted by Prabha Mahajan on October 13th, 2022
The Swimming Pool Treatment Chemicals for Residential Application Market was valued at US$ 7,229.55 million in 2019 and is projected to reach US$ 9,135.95 million by 2027; it is expected to grow at a CAGR of 3.0% from 2019 to 2027.
Swimming pool treatment chemicals are chemical agents used in water treatment processes. They are synthesized to eliminate micro-organisms of all life stages with sizes. They are created to control the microbial growth in pool water, process water, open cooling systems, down water services, etc. Some of the chemicals are also utilized to balance the PH level, to offer shock treatment, and others. Swimming pool treatment chemicals are typically manufactured in liquid and powder forms as well as in concentrates and ready-to-use formulations. The most commonly employed chemicals in the pool water treatment process include sanitizers, balancers, shocks, algaecides, others.
Earlier, swimming was considered as a luxury and going or owning a swimming pool was affordable to a few. However, with growing per capita disposable income, the urge to live a luxurious life, rising urbanization, this trend seems to have faded away and today swimming pools have been pretty common throughout the world in almost all types of complexes. Rising popularity of swimming both for recreational purpose as well as a fitness activity has given rise to building of pools in all the newly constructed house, apartments, and societies. This new drift has largely benefitted the swimming pool treatment chemicals for residential application market over the last few years.
With the surge in the construction of swimming pools, it is also important to keep the pool clean and safe. Thus, the demand for better disinfectants, like calcium hypochlorite and sodium hypochlorite, water chemical balancers, algaecides has escalated, since they help in removing algae, bacteria and other pathogens from swimming pools. Furthermore, with the augmented consciousness pertaining to the water quality coupled with the strict government regulations & guidelines for maintaining minimum pool safety standards also fosters the use of swimming pool treatment chemicals.
Additionally, the robust growth of the global construction industry, especially in the emerging regions can be seen as a key growth promoter. Moreover, increasing interest in water leisure and sports activities among millennials, across the world has led to higher spending on building of swimming pools with hi-tech technologies. These factors, can be considered to be favorable for the swimming pool treatment chemicals for residential application market in the coming years.
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Some of the major key players operating in the global swimming pool treatment chemicals for residential application market include Phoenix Products Co., Splash Perfect, Acuro Organics Limited, BEHQ S.L.U., PROXIM sro, PRODUCTOS QP, SA, Leisurechem, Ecolab, BASF SE, and Ercros S.A, among many others. The major players in the swimming pool treatment chemicals for residential application market are focusing on strategies such as mergers and acquisitions and research and development to increase the geographical presence and consumer base globally.
Impact of COVID-19 Pandemic on Swimming Pool Treatment Chemicals for Residential Application Market
Coronavirus outbreak first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. As of March 2021, China, India, Russia, Italy, Iran, Spain, republic of Korea, France, Germany, and the US are some of the worst affected countries in terms confirmed cases and reported deaths. The coronavirus outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemicals and materials industry is one of the major industries that is suffering serious disruptions such as factories shut down, supply chain breaks, technology events cancellations, office shutdowns etc. as a result of this outbreak.
Based on type, the swimming pool treatment chemicals for residential application market is segmented into sanitizers, balancers, shocks, algaecides, and others. The sanitizers segment dominated the market in 2019 and is expected to maintain its dominance throughout the forecast period. However, the balancers segment is expected to register the highest CAGR during the forecast period. Pools require a timely care and maintenance to ensure the safety of swimmers. Water balancers are used along with the sanitizers such chlorine and bromine compounds as well as other pool chemicals to keep up the chemical balance of the pool to the prescribed limits. Balancers can be broadly categorized into alkalizers, acids, conditioners and calcium hardness increasers. These chemicals are chosen on the basis of the pH of pool water.
In terms of geography, the swimming pool treatment chemicals for residential application market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. In 2019, North America accounted for a remarkable share of the market. A large share of population in the US and Canada are preferably living a luxurious lifestyle, including well-constructed homes with swimming pools. Hence, an increasing number of swimming pools in the residential sector of North America drive the growth of the market. Also, swimming pool treatment chemicals manufacturing companies in North America are continuously enhancing their product portfolio to meet customer demands.
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About the AuthorPrabha Mahajan
Joined: September 26th, 2022
Articles Posted: 158
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