Global Swimming Pool Chemical Market Expected To Grow At CAGR of 3.5% By 2025: Acumen Research and Consulting
Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Swimming Pool Chemical Sales Market
(Application: Residential, Commercial; Type: Trichlor, Dichlor, Cal Hypo, Liquid Chlorine, Algaecides, Balancers, Specialty Product) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025”, forecasts that the global market for swimming pool chemicals is expected to grow to the market value of over $4.3 billion by 2025 and is expected to grow at a CAGR of 3.5% in terms of revenue during the period 2017 - 2025. The swimming pool chemical sales market in terms of volume, is expected to reach the market of around 1,142 kilo tons by 2025 and is expected to grow at a CAGR of 3.8% during the same period. Factors such as growing number of international sports events combined with the rise in tourism are expected to boom the growth of swimming pool chemicals sales market.
Increasing International Sports Events
The global swimming pool chemical sales market is experiencing major growth along with the historical and recent trends of organizing international sports events such as Olympics, Common Wealth, and others. In such sports events, swimming competitions are an essential component. Thus, maintenance of international standards of swimming pools in these events increases the demand for swimming pool chemicals. Also, quality chemical products are preferred to safeguard the health of participants during competition.
Maintenance and Flexibility Concerns Can Impede Market Growth
The swimming pool chemicals carry some major maintenance concerns with them. The frequent chemical refilling procedure and cost associated with maintenance are few challenges in this market. In addition, the major restraining factor is hesitation among consumers towards chemically treated water in swimming pools. Therefore, some adverse effects related to skin issues are a major concern that provokes the swimming pool maintaining staff to reduce the usage of such chemicals in swimming pools. However, lack of awareness among population about the presence of eco-friendly and natural pool chemicals is also impeding the usage for swimming pools which are treated with chemicals.
On the basis of geography, the global swimming pool chemicals market is segmented into U.S., Europe, China, Japan, India, Southeast Asia, and Others. The North America region has dominated the global swimming pool chemicals sales market during 2017 and will continue to lead the market in the forthcoming years. Among the key reasons for this region acquiring the largest share is the omnipresence of swimming pools in individual houses and apartments, especially in the US. The US is among the most urbanized countries with a population that has high spending capability. Thus, many people can afford to build swimming pools and maintain it, in their houses.
Therefore, such factors are increasing the growth of swimming pool chemicals sales market substantially.
Some of the major companies profiled in the report include Clorox Pool & Spa, Lonza, Haviland Pool, NC Brands, Hayward, Blue Wave, Pool Chemical Center, King Technology, Coastal Chemical Pools, Royal Swimming Pools, Bioguard, In The Swim and Robelle among others.
The report is readily available and can be dispatched immediately after payment confirmation.