Swimming Pool Treatment Chemicals Market is projected to be worth USD 1,353.1 million by 2030, registering a CAGR of 2.74% during the forecast period (2022-2030).
The global swimming pool treatment chemicals market was valued at 1,061.43 million in 2021 and is projected to reach 1,353.1 million by 2030 at a CAGR of 2.74%. In terms of volume, the global market was sized at 708.67 kilotons in 2021 and is expected to register a CAGR of 2.00% to reach 843.8 kilotons by the end of the assessment period.
The growth of the global swimming pool treatment chemicals market is driven by the growing popularity of swimming as a sport and recreational activity worldwide. Swimming is considered an excellent workout activity as it reduces stress, builds endurance, muscle strength, and cardiovascular fitness, tones muscles, and helps maintain a healthy weight, heart, and lungs, resulting in increased spending on the construction of private swimming pools. Moreover, the increase in residential construction has resulted in increased construction of new swimming pools, fueling the demand for swimming pool treatment chemicals at a significant rate globally, particularly in the US.
COVID-19 Impact on the SWIMMING POOL TREATMENT CHEMICALS Market:
The COVID-19 pandemic, which began spreading worldwide in late 2019, has had a significant impact on several businesses. Restaurants were understaffed and had to close early. As more individuals began working remotely and relocating and the housing market exploded. The pool business was not immune to the damage. Pool companies continued working and servicing their clients' pools during the pandemic. Due to supply limitations, however, completing new construction and equipment repairs constituted a unique task. The desire to build a pool or renovate an existing one has exploded as more people spend more time at home. This is especially true for families looking to sell their homes, as a well-kept pool in the backyard can help increase the overall value. The pool business rose by 24% in the year 2020, according to the Pool & Hot Tub Alliance.
Pool businesses have been consuming more resources as demand increases, resulting in a supply shortfall. Typically, this is not an issue as pool equipment manufacturers produce a surplus and store it in warehouses until it is required. This technique helps to compensate for the constantly shifting supply and demand balance. With parents working from home and children studying at home, the backyard pool has become a popular place to unwind and relax. In 2020, there was an increase in the number of Americans who opened their pools early. Pools opened as early as April in colder areas, while individuals began utilizing their pools as early as March in warmer climates, such as in the city of Dallas. Longer pool seasons result in higher demand for chlorine and replacement equipment like heaters. Pool heaters and chlorine are both in short supply as a result of the increasing demand.
By End Use
In terms of region, the global swimming pool treatment chemicals market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
The North American region has reaped the rewards of lower mortgage rates and higher indisposable costs, creating a favorable environment for the building of residential activities such as homes and swimming pools. It has been designated as the best performer, and over the review period, it is predicted to dominate the global North American market. The US has merged and is now the most successful region due to increased construction applications. Furthermore, the demand for effective disinfectants such as hypochlorite salts has soared in the US because these disinfectants help remove algae and germs from swimming pools. Furthermore, rising public awareness of pool water quality, combined with strict government restrictions and recommendations for pool safety, is increasing the use of swimming pool treatment chemicals.
Europe accounts for the second-largest share in the global swimming pool treatment chemicals market. In Europe, swimming pool treatment chemicals are used to destroy microorganisms of various sizes and stages in water treatment procedures. They also keep the water clean and the pH level in check. Among other things, a handful of the chemicals are used to treat shock and balance pH levels. Swimming pool chemicals are typically sold in liquid and powder form, as well as concentrates and ready-to-use formulations.
Asia-Pacific is the fastest-growing regional market for the global swimming pool treatment chemicals market as it is developing rapidly and has witnessed the emergence of many players. Moreover, the swimming pool treatment chemicals industry in the Asia-Pacific area is expected to increase in the next years as the fitness sector expands. Some parts of India, China, and Indonesia are seeing an increase in the number of hotels with swimming pools, which draws more tourists and boosts the market growth. Furthermore, the Asia-Pacific region is predicted to become the most tempting destination for exploration and vacation in the coming years, paving the way to developing hotels with amazing swimming pools. The tourism business has resulted in the development of a huge number of chemically treated swimming pools, which have a bright future ahead of them.
The industry is expanding because of the increased demand for premium homes in emerging nations such as Brazil in South America. Furthermore, the tourism sector's consistent rise, owing to increased per capita income, is raising demand for the building of luxury hotels, resorts, and spas, among other things, boosting the market growth.
In Middle Eastern countries, the swimming pool treatment chemicals market benefits primarily from the growing popularity of swimming as a recreational activity among fitness-conscious people. Demand for these chemicals is also being fueled by an increase in residential buildings and, as a result, an increase in the number of swimming pools. Since these disinfectants help remove algae and germs from swimming pools, demand for effective disinfectants such as hypochlorite salts has skyrocketed. Additionally, growing awareness of pool water quality, combined with stringent government rules and recommendations for pool safety, is encouraging the usage of swimming pool treatment chemicals across the Middle East and Africa region.
The primary focus of the companies is on offering a wide range of products for commercial and residential pool applications. Although the international players dominate the global market, regional and local players with small market shares also mark a significant presence in the global market. The international players are expanding their presence worldwide through strategic acquisitions, expansion, and partnerships with raw material suppliers and distributors during the forecast period. It is also estimated that the improvement of the global economic scenario combined with extensive R&D is expected to fuel the global market growth.Ltd are some of the key companies operating in the global swimming pool treatment chemical market.
With respect to the current scope of the report, BASF SE is the top player in the swimming pool treatment chemical market due to its strong product offering and high preference for its products by customers. Ercros SA is the second-major player, followed by Sumitomo Chemical Co. Ltd. Other key players contributing to the market growth include Solvay, Olin Corporation, BASF SE, Arkema, Occidental Petroleum Corporation, Ineos, Sumitomo Chemical Co. Ltd, AGC Inc., Ercros SA, and Yuzhoushi Weilite Chemical Co. Ltd.
Some of the key developments include:
The swimming pool treatment chemicals market is segmented by type, end use and region in the report. in terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global swimming pool treatment chemicals emerging and fast-growing segments, regions, and countries.
Objectives of the Study
|Market Size||USD 1,353.1 million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type and End USe|
|Geographies Covered||North America ,Europe, Asia-Pacific, South America, Middle East & Africa|
|Key Vendors||Solvay, BASF SE, Olin Corporation, INEOS, Ltd, Ercros S.A, AGC Inc, ICL, Aditya Birla Chemicals, and Nippon Soda Co., Ltd|
|Key Market Opportunities||Growing interest in water leisure and sports activities in the developing markets|
|Key Market Drivers||Growing popularity of swimming as a recreational activity|
The global swimming pool treatment chemicals market would register a growth of 2.74%.
Residential Pool Industries
Growing preference for natural swimming pools
High maintenance cost can restrain the Swimming pool treatment chemicals market.