Swimming Pool Chemical Market Growth Strategies and Major Companies Analysis till 2028
Market Overview: The global market for swimming pool chemicals exhibited significant robustness in 2020 and is projected to experience a rapidly increasing revenue CAGR throughout the forecast period. Swimming pools are perceived as symbols of luxury and a sophisticated lifestyle. Factors such as growing health consciousness, evolving lifestyles, the construction boom of comfortable apartment complexes with integrated swimming pools, improved living standards, and a rising preference for swimming pools as a means of regular exercise are expected to be the driving forces behind revenue growth in this market in the coming years.
Swimming pool chemicals play a crucial role in maintaining water quality by eliminating various contaminants, including microorganisms like viruses, bacteria, and protozoa, as well as anthropogenic particles such as skin cells, hair, and residues from personal-care products introduced into the pool by users. These chemicals are regularly used for maintenance purposes and to ensure the safety of swimmers by preventing the spread of diseases. It is essential to carefully manage the chemical balance in pools, as incorrect chemical levels can lead to damage to various components of the pool and irritation of the eyes and skin of swimmers.
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Market Dynamics: Drivers: Increasing income levels, busy lifestyles, and the growing need for physical activities to alleviate stress have led to a heightened preference for amenities such as swimming pools within residential and corporate infrastructures. This trend is expected to result in the construction of more luxurious apartments and corporate offices equipped with swimming pools, gyms, spas, and other facilities. Furthermore, hotels and resorts are increasingly incorporating swimming pools to attract tourists, thus expanding revenue opportunities. Additionally, the adoption of swimming pools in educational institutions, combined with the need to maintain international sports event standards for swimmers, is driving the demand for pool maintenance. These factors are anticipated to fuel the revenue growth of the global swimming pool chemical market in the foreseeable future.
Restraints: Maintaining the proper chemical balance in pool water is crucial, as an imbalance can harm various pool components and lead to cloudy water. Excessive use of chemicals in pool water can also result in skin problems and eye irritation in humans. These factors may restrain the market's growth to some extent during the forecast period.
Chemical Type Outlook: Regarding chemical types, the global swimming pool chemical market is categorized into sodium hypochlorite, trichlor, dichlor, cal hypo, liquid chlorine, algaecides, balancers, and others. The trichlor segment is expected to dominate the market in terms of revenue share during the forecast period, mainly due to its high free chlorine content, limited contribution to scaling, and superior performance when exposed to sunlight.
The sodium hypochlorite segment is anticipated to witness a robust revenue CAGR over the forecast period, primarily because of its high effectiveness in combating bacteria and biofilm.
Application Outlook: In terms of applications, the global swimming pool chemical market is divided into residential pools and commercial pools. The residential pool segment is projected to achieve a significantly high revenue CAGR over the forecast period. This is attributed to the increasing budgets for home purchases and the growing demand for attractive amenities, including swimming pools, in residential complexes.
Regional Outlook: Based on regional analysis, North America is expected to hold the largest share of revenue in the global market. This is attributed to the prevalence of numerous swimming pools in hotels and resorts, high disposable income levels, and a preference for a sophisticated lifestyle, which drives demand for swimming pools in both residential and commercial establishments.
Companies Profiled in the Report: Key companies in the market include Lonza, AGC, FMC, Solvay Chem, Olin, BASF, Axiall, Occidental, Akzo Nobel, Arkema, Zodiac, Nippon Soda, Nissan Chemical, Zeel Product, Robelle, Clorox Pool & Spa, Nanke, Surpass Chem, Ineos, Jiheng Chemicals, and Weilite. These major companies are investing in research and development efforts to develop more environmentally friendly alternatives to existing swimming pool chemicals. Strategic collaborations, such as mergers and acquisitions, joint ventures, and partnerships, are significantly contributing to market revenue growth.
For the purposes of this report, the global swimming pool chemical market is segmented by chemical type, application, and region:
Chemical Type Outlook (Revenue, USD Billion; 2018-2028):
1. Sodium Hypochlorite
2. Trichlor
3. Dichlor
4. Cal Hypo
5. Liquid Chlorine
6. Algaecides
7. Balancers
8. Others
Application Outlook (Revenue, USD Billion; 2018-2028):
1. Residential Pool
2. Commercial Pool
Regional Outlook (Revenue, USD Billion; 2018-2028):
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Israel
- South Africa
- Rest of MEA
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