Year | Value |
---|---|
2024 | USD 1.27 Billion |
2032 | USD 1.53 Billion |
CAGR (2024-2032) | 2.39 % |
Note โ Market size depicts the revenue generated over the financial year
The swimming-pool treatment chemicals market is projected to grow steadily from a value of $ 1.27 billion in 2024 to $ 1.53 billion by 2032. The CAGR of this market during this forecast period is 2.39%. The growth is driven by a growing number of residential and commercial swimming pools and a growing awareness of pool maintenance and hygiene. The urbanization process continues to stimulate the construction of new real estate, and the demand for effective pool treatment chemicals is also expected to increase accordingly. The introduction of new, eco-friendly products is also expected to contribute to market growth. Also, the development of new products such as automatic dosing systems and smart pool management technology will increase the efficiency and effectiveness of pool maintenance, thereby attracting more consumers. The key players in the market, such as Biolab, HTH and Oreq, are launching new products and entering into strategic alliances to strengthen their market position. The growing investment in R & D has led to the development of advanced chemical solutions to meet the evolving needs of pool owners, which is also expected to drive market growth.
Regional Market Size
The market for swimming pool chemicals is characterized by the varied conditions in the different regions, influenced by climatic conditions, the culture of recreation and the regulatory framework. In North America, the market is driven by the large number of residential swimming pools and the high focus on water quality and safety. In Europe, the trend is toward eco-friendly and sustainable treatment solutions. In Asia-Pacific, rapid growth is expected to continue, mainly due to urbanization and rising incomes. In the Middle East and Africa, demand is growing because of the hot climate and the consequent need for effective pool water care. In Latin America, as the market matures, advanced treatment solutions are gradually being adopted.
โDid you know that approximately 10 million residential swimming pools exist in the United States alone, creating a significant demand for treatment chemicals to maintain water quality?โ โ National Association of Realtors
Pool-treatment chemicals play an important role in maintaining water quality and safety. This segment has been experiencing stable growth recently. The demand is mainly driven by the increasing awareness of consumers about pool hygiene and safety, and the increasingly stringent regulations for public bathing facilities. In addition, the increasing number of private pools, especially in Europe and North America, has further increased the demand for pool-treatment chemicals. The pool-treatment chemicals market is now at a fairly mature stage. Leading players include Biolab and HTH. The main applications are private swimming pools, public bathing pools and water parks, where chemical treatment is necessary to prevent algae growth and maintain water quality and safety. There is a trend towards the use of eco-friendly chemicals, as consumers are increasingly demanding of manufacturers. The use of water-testing kits and automatic dosing systems is also becoming more popular, as they improve the efficiency of water treatment and make it easier for consumers.
From 2024 to 2032, the Swimming Pool Treatment Market is expected to grow at a CAGR of 2.39% from the current value of $1.27 billion to $1.53 billion. This growth is mainly due to the increasing number of residential and commercial swimming pools and the growing popularity of swimming for entertainment. Urbanization is growing, especially in developing countries. As a result, the demand for effective pool maintenance solutions will increase, which will lead to a higher penetration rate of pool treatment chemicals in new and existing pools. In addition, technological development and government regulations will further drive the market. The demand for green and sustainable chemicals is increasing, driven by the demand for safe and healthy products. Moreover, the government has established stricter regulations for water quality and pool safety, which will promote the development of advanced pool treatment solutions. Moreover, the automation of pool cleaning and the application of smart technology will also play an important role in the application and efficiency of pool chemicals, which will also drive market growth. As the industry develops, the relevant parties need to be flexible to seize the trend and meet the needs of consumers.
Covered Aspects:Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 1.2 Billion |
Market Size Value In 2023 | USD 1.23288 Billion |
Growth Rate | 2.74% (2023-2032) |
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