BEIJING, Oct. 10, 2022 (GLOBE NEWSWIRE) — The Global Swimming Pool Chemicals Market Size accounted for USD 3,905 million in 2021 and is expected to reach a market size of USD 5,254 million by 2030, growing at a CAGR of 3.5% from 2022 to 2030.
Swimming Pool Chemicals Market Statistics
- The global swimming pool chemicals market value was USD 3,905 million in 2021 and is expected to grow at a CAGR of 3.5% from 2022 to 2030
- According to the Association of Pool and Spa Professionals, the United States is home to more than 10.7 million swimming pools
- North America swimming pool chemicals market revenue will garner more than 50% market share in coming years
- Asia-Pacific Swimming Pool Chemicals Market Growth to Register Remarkable CAGR During the Forecast Period 2022 to 2030
- Among the types, the liquid chlorine sub-segment collected more than 40% of the overall market share in 2021
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Scleroderma Therapeutics Market Report Coverage:
|Market||swimming pool chemicals market|
|swimming pool chemicals market Size 2021||$3,905 million|
|swimming pool chemicals market Forecast 2030||$5,254 million|
|swimming pool chemicals market CAGR from 2022 to 2030||3.5%|
|swimming pool chemicals market Analysis period||2018 – 20303.5%|
|swimming pool chemicals market Year of reference||2021|
|swimming pool chemicals market Forecast data||2022 – 2030|
|Segments Covered||By type, by application and by geography|
|Scleroderma Therapeutics Market Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Profiled Key Companies||Solvay, Lonza, Olin Corporation., Ercros SA, Arkema, Occidental Petroleum Corporation, BASF SE, AGC Inc., ICL and Lenntech BV|
|Report cover||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis|
Water treatment has long been recognized as essential. Sanitation, in particular, has been identified as a method of preventing communicable diseases. However, those responsible for maintaining swimming pools and equipment have recently recognized the importance of mineral saturation, or “water balance” as it is more commonly known. Water can corrode pools and become aggressive, or it can scale and degrade the pool with mineral deposits.
Swimming Pool Chemicals Market Growth Factors
- Increase in the number of swimming pools in developing countries
- Strong demand for residential swimming pools
- Growth of swimming sports and recreational activities
Swimming Pool Chemicals Market Dynamics
Some of the major factors in the swimming pool chemicals market that are driving the demand in the coming years are an increase in the number of fitness enthusiasts, an increase in swimming as a recreational activity and an increase in the number of events swimmers. Because they have witnessed the effects of chlorination on their eyes and noses, most people know that chlorine is commonly added to swimming pool water to keep swimming pools clean. Pool owners are aware that in addition to chlorine, several other parameters affecting pool water quality must be monitored and controlled: pH, water hardness, total alkalinity and total dissolved solids. To help pool owners, pool wholesalers sell a wide range of chemicals and testing equipment. The pool operator must learn how to use chemicals for sanitation, as well as how to manage pH, total alkalinity and calcium hardness. The operator is in charge of both the swimmers and the pool.
The Impact of COVID-19 on the Swimming Pool Chemicals Industry
The COVID-19 pandemic has had the most devastating effect on the swimming industry. Almost all public swimming pools closed in 2020, but the closure was extended until 2021. Swimming pools were the last to reopen, while other indoor sports activities were gradually reopened. In addition, governments in many countries have allowed swimming pools to operate at half capacity in each lot. Also, in many countries, only those who had been vaccinated were allowed to use the pool. As a result, pool chemical sales have plummeted during the pandemic.
Growing Number of Residential Construction Projects Drives Global Swimming Pool Chemicals Market Revenue
The continued recovery of residential construction in major European countries, the United States, China, India and several other countries around the world is a positive growth factor for swimming pool construction. In addition, an increase in the number of international tourists and a thriving tourism industry, supported by higher tourism income and spending, are expected to boost hotel production. As the world’s population grows, so does the demand for residential infrastructure. This is expected to increase the number of swimming pools, thereby helping the swimming pool chemicals market to flourish.
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Swimming Pool Chemicals Market Segmentation
The global swimming pool chemicals market is segmented into three sections: type, application, and geography. Dichlor, algaecides, trichlor, low calorie, balancers, liquid chlorine and specialty products make up the market. The market is divided into two applications: residential swimming pools and commercial swimming pools.
Swimming pool chemicals market share
According to the swimming pool chemicals industry analysis, the liquid chlorine segment was the most profitable and accounted for a considerable share in 2021. Chlorine is the most commonly used chemical for sterilization of swimming pools. According to the American Chemistry Council, chlorine is an effective disinfectant as well as a powerful oxidizer of unwanted pollutants. According to our swimming pool chemicals market forecast, residential swimming pools held majority of the share from 2022 to 2030. The residential swimming pools market is larger than the commercial swimming pools market and is expected to remain dominant during the forecast period. ‘study. This category includes swimming pools built in bungalows, residential complexes, townhouses and other types of single-family residences.
Regional Growth of Swimming Pool Chemicals Market
The global swimming pool chemicals market is divided into five regions: North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA).
According to our analysis, the North America region will account for about half of the total market share in 2021. The presence of a large number of swimming pools, an increasing number of fitness enthusiasts and an increasing number of swimming competitions between schools and colleges are key growth drivers for the North American swimming pool chemicals industry. According to the Association of Pool and Spa Professionals, there are approximately 10.4 million backyard swimming pools in the United States, with pool owners investing approximately $4 billion in maintenance each year. Meanwhile, the Asia-Pacific region is expected to grow at the fastest rate over the projected years of 2022 to 2030. The growing number of residential projects, increasing disposable income and the popularity of swimming as a hobby among young Asians will all support the market. .
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Swimming Pool Chemicals Market Players
Some of the major swimming pool chemical companies operating in the industry include Arkema, AGC Inc., BASF SE, Ercros SA, Solvay, ICL, Lonza, Olin Corporation., Lenntech BV and Occidental Petroleum Corporation.
Questions this report answers
- What was the market size of the Swimming Pool Chemicals Market in 2021?
- What will be the CAGR of the Swimming Pool Chemicals Market during the forecast period from 2022 to 2030?
- Who are the key players in the Global Swimming Pool Chemicals Market?
- Which region held the largest Swimming Pool Chemicals market share in 2021?
- What are the key market drivers of Swimming Pool Chemicals Market?
- Who is the largest end user in the swimming pool chemicals market?
- What will be the value of the swimming pool chemicals market in 2030?
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Read our press release as below:
LinkedIn press release: https://www.linkedin.com/pulse/swimming-pool-chemicals-market-grow-cagr-/
Digital magazine press release: https://www.digitaljournal.com/pr/swimming-pool-chemicals-market-size-to-exceed-usd-5250-million-by-2030-to-increasing-residential-projects-bolster
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