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The scope of our recent study on the “Hot Tub Chemicals for Residential Application Market t2027 – COVID-19 Impact and Global Analysis and Forecast by Product (Balancers, Oxidizers, Sanitizers, and Others)” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The hot tub chemicals for residential application market was valued at US$ 828.09 million in 2019 and is projected treach US$ 1,369.47 million by 2027; it is expected tgrow at a CAGR of 7.0% from 2020 t2027. Hot tubs are used for relaxation and hydrotherapy. A hot tub is designed tbe utilized by more than one person at a time. It is usually heated by electricity or natural gas. However, hot tubs can provide a suitable environment for pathogens tgrow. These germs can be controlled by maintaining correct disinfectants/chemicals and water temperature levels in the hot tub. A few major hot tub chemicals used in this process are shock, calcium hardness increaser, and granular bromine. Shock plays a key role in hot tub maintenance. First, the shock oxidizes organisms killed by bromine, removes unpleasant odours in the hot tub, and second, it activates hot tub chemicals, making them more potent faster.
Based on product, the hot tub chemicals for residential application market is segmented intbalancers, sanitizers, oxidizers, and Others. In 2019, the sanitizer segment dominated the market by accounting for 33.3% of the total market share. Sanitizers are considered as one of the crucial elements for the proper maintenance of the hot tub. Bromine, chlorine, and mineral sanitizers are the three types of sanitizers that are commonly used. The use of sanitizers reducing the level of micro-organisms, which are living cells that are ssmall that they can be only be observed from a microscope, by significant numbers tbring hot tub tthe safe-level is fueling the growth of the hot tub chemicals market for the sanitizers segment.
The global hot tub chemicals for residential application market is segmented intfive main regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2019, North America held the highest share of the market. The demand for hot tub chemicals is increasing in North America owing tfactors such as increasing spending capacity and better living standards of consumers, rising popularity of hot tubs among fitness-conscious people, and rapidly growing residential construction across the region.
Impact of COVID-19 Pandemic on Hot tub chemicals for residential application market
The COVID-19 has been adversely affecting economies and industries in various countries due tlockdowns, travel bans, and business shutdowns. Chemicals and Materials is one of the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. For instance, China is the global manufacturing hub and largest raw material supplier for various industries and it is alsone of the worst affected countries. The lockdown of various plants and factories in China is restricting the global supply chains and disrupting the manufacturing activities, delivery schedules, and various materials sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hampering the business collaborations and partnerships opportunities. All these factors are hindering the industries, and thus act as restraining factor for the growth of various markets related tthis industry.
Hot tub chemicals for residential application market, by Product
- Balancers
- Sanitizers
- Oxidizers
- Others
Hot tub chemicals for residential application market, by Geography
- North America
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East &Africa
- South America
- Brazil
- Argentina
- Rest of South America
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