The swimming pool treatment chemicals for residential application market was valued at US$ 7,229.55 million in 2019 and is projected to reach US$ 9,135.95 million by 2027; it is expected to grow at a CAGR of 3.0% from 2019 to 2027.
Swimming pool treatment chemicals are used in water treatment processes to eliminate microorganisms of all life stages and sizes. They also keep the water clean and balance the pH level of the water. A few of the chemicals are used to balance pH levels and offer shock treatment, among others. Swimming pool treatment chemicals are typically manufactured in liquid and powder forms as well as in concentrates and ready-to-use formulations. The most commonly employed chemicals in the pool water treatment process include sanitizers, balancers, shocks, and algaecides.
Rising Inclination toward Fitness among Youngsters and Growing Popularity of Swimming Pools for Recreational Activity
Earlier, visiting to a swimming pool or owning a swimming pool was considered as a luxury that was affordable to limited population. However, this attitude has faded away with growing per capita disposable income, increasing urge to live luxurious life, and rapid rise in urbanization; thus, swimming pools now have become common throughout the world in almost all types of residential and commercial complexes. The rising popularity of swimming, both, for recreational purpose and as a fitness activity has encouraged the pool building activities in all the newly constructed house, apartments, and societies. This new drift has also triggered the need to keep the swimming pools clean and safe, which has largely benefitted the swimming pool treatment chemicals market for residential application over the last few years. These chemicals include disinfectants such as calcium hypochlorite and sodium hypochlorite, along with water chemical balancers and algaecides that help remove algae, bacteria, and other pathogens from pools. Furthermore, augmented consciousness about the quality of pool water, coupled with the strict government regulations and guidelines regarding pool safety, also foster the use of swimming pool treatment chemicals.
Additionally, the robust growth of the construction industry, especially in emerging regions, is a key growth promoter. Moreover, increasing interest in water-based leisure and sports activities has escalated the spending on building of swimming pools with hi-tech technologies. Thus, surging emphasis on fitness among youngsters and growing popularity of swimming pools for recreational activity are driving the swimming pool treatment chemicals market growth.
The players operating in the swimming pool treatment chemicals for residential application market include Ecolab, BASF SE, Ercros S.A, and others; the key companies have been implementing the mergers and acquisitions, and research and development strategies to enlarge customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.
