The scope of our recent study on the “Swimming Pool Treatment Chemicals Market for Residential Application Forecast t2027 – COVID-19 Impact and Global Analysis – By Product Type (Sanitizers, Balancers, Shocks, Algaecides, and Others),” includes the analysis of factors governing the market growth, estimation and forecast of revenues, market share analysis, and identification of significant market players and their key developments.
The swimming pool treatment chemicals market for residential application was valued at US$ 7,229.55 million in 2019 and is projected treach US$ 9,135.95 million by 2027; it is expected tgrow at a CAGR of 3.0% from 2020 t2027. The market growth is attributed tthe rising awareness regarding fitness among youngsters and growing popularity of swimming pools for recreational activity. However, the stringent regulations pertaining tthe use of chemicals in swimming pools—is hindering the market growth. Rise in the consumption of swimming pool treatment chemicals in Asia Pacific is expected trender growth opportunities tthe vendors active in the global swimming pool treatment chemicals market for residential application.
Based on type, the swimming pool treatment chemicals market for residential application is segmented intsanitizers, balancers, shocks, algaecides, others. The sanitizers segment dominated the market in 2019 and is expected tmaintain its dominance throughout the forecast period. However, the balancers segment is expected tregister the highest growth rate in coming years. Pools require a timely care and maintenance routine in order tensure the water is safe for the swimmers. Water balancers are used along with the sanitizers such a chlorines & bromines and other pool chemicals tkeep the chemical balance in the pool inline. Balancers can be broadly categorized intalkalizers, acids, conditioners and calcium hardness increasers. These chemicals are used as per the pH of the pool water.
Geographically, the market is segmented intNorth America, Europe, Asia-Pacific, South America, and the Middle East and Africa. In 2019, North America region accounted for a remarkable share of the Swimming Pool Treatment Chemicals Market for Residential Application for residential application. Most of the consumers in the US and Canada are shifting their preferences toward a luxurious lifestyle and alsprefer luxurious home construction with swimming pools. Hence, an increasing number of swimming pools in the home of American consumers drive the growth of the studied market in North America. Also, swimming pool treatment chemicals product manufacturing companies in North America are continuously enhancing their product portfolitmeet the customers' demand.
Impact of COVID-19 Pandemic on Swimming Pool Treatment Chemicals Market for Residential Application
The COVID-19 outbreak was first reported in Wuhan (China) in December 2019. As of March 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst affected countries in terms of confirmed cases and reported deaths. According tthe latest WHfigures, there are 114,315,846 confirmed cases and 2,539,427 total deaths globally. The outbreak has adversely affected economies and industries in various countries due tlockdowns, travel bans, and business shutdowns. The chemicals industry is one of the major industries suffering serious disruptions such as supply chain breaks and production facility shutdowns. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia-Pacific, South America, and the Middle East and Africa is restricting the global supply chain and hindering the manufacturing activities, delivery schedules, and various goods sales. Furthermore, 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 restraining the growth of various markets related tthe food and beverages industry.
The report includes the segmentation of the global Swimming Pool Treatment Chemicals Market for Residential Application as follows:
Swimming Pool Treatment Chemicals Market for Residential Application, by Type
- Calcium Hypochlorite
- Sodium hypochlorite
- Trichloroisocyanuric Acid
Swimming Pool Treatment Chemicals Market for Residential Application, by Geography
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- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of Asia Pacific
- Middle East &Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of Middle East &Africa
- South America
- Rest of South America
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