Swimming Pool Chemical Market Size, Share, Growth, and Industry Growth, By Type (Beaching Powder, Sodium Hypochlorite, Liquid Chlorine, Trichloroisocyanuric Acid (TCCA), and Others), By Application (Residential and Commercial Pool), Regional Forecast to 2027

Updated On: 13 March 2023

REPORT OVERVIEW

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The global swimming pool chemical market size was USD 1192.55 million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with swimming pool chemical experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 1564.47 million by 2027, exhibiting a CAGR of 4.63% during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The chemicals used in swimming pools protect the swimmer from the spread of bacteria and germs. It is well known that chemicals used in swimming pool treatment destroys microorganisms of all sizes and stages of life during water treatment processes. They both maintain the water's cleanliness and maintain a healthy pH level. To maintain pH levels and alleviate shock, several substances are used. Chemicals used in swimming pool treatment are typically produced as concentrates, ready-to-use formulations, and powder and liquid forms. 

Bleaching powder, sodium hypochlorite, liquid chlorine, trichlorisocyanuric acid, and other such chemicals are used in the swimming pool to prevent virus spread. Using these chemicals kills algae and bacteria. The steady development of luxury villas and bungalows are increasing the market growth.

COVID-19 Impact: Shutdown of the Construction Industry Viciously Affected Market

Swimming pool chemicals are widely used in swimming pools. The halt in the construction industry hindered the demand for chemicals as the construction industry stopped working on swimming pools. Moreover, the population was more concerned about their safety and, thus, stopped going to the pools, which decreased the demand for pool chemicals. The virus was spreading rapidly due to human contact and the easy commute from one person to another. Commercial pools were ordered to be shut during the pandemic to control the spread of the virus. The pools, sports clubs, and other public facilities were banned. These factors hampered the growth of the market. 

LATEST TRENDS

"Augmenting Trend of Swimming Pools to Drive Market Trends"

The rise in the trend of swimming among health-conscious people as a recreational activity is one of the key factors anticipated to propel the growth of the swimming pool treatment chemicals market in the forecast future. The market for swimming pool treatment chemicals is also expected to rise due to rising residential buildings and an increase in swimming pools. Further predicted to temper the expansion of the swimming pool treatment chemicals market is millennials' growing interest in sports and water-based leisure activities. On the other hand, the development of natural or organic swimming pools in developed nations that employ natural filtration technologies for cleaning the water is further anticipated to restrict the expansion of the industry.

Segmentation

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• By Type Analysis

By type, the market is segmented into beaching powder, sodium hypochlorite, liquid chlorine, trichloroisocyanuric acid (TCCA), and others.

• By Application Analysis

Based on application, the market is classified into residential and commercial pools.

DRIVING FACTORS

"Rise in Swimming as A Recreational Activity to Boost Swimming Pool Chemical Demand"

The rising demand for recreational activities is expected to foster the swimming pool chemical market growth. The market is estimated to boost due to the changing needs of the population and their lifestyle. A significant area is health and wellness facilities, where swimming pools are used in both conventional and natural medical procedures. Due of sanitation concerns, the epidemic has made people leery of public swimming pools, but it has also led to a rise in the use of private pools. The increasing demand for residential projects around the world is the main factor driving the construction of swimming pools. The demand for new, contemporary homes with pricey facilities rises as the residential construction market recovers, fueling the expansion of the swimming pool sector. 

"Upgrading Standard of Living to Accelerate Market Growth"

A swimming pool is a very alluring feature that attracts a lot of interest. Customers and property buyers seek amenities in their properties. Consequently, a pool is always planned for by real estate developers. The rising demand for swimming pool chemicals is majorly driven by swimming pools. More the number of pools, the higher the demand for its chemical. The growing income of the population is estimated to foster the demand for the product. Moreover, higher per capita income leads to economic independence, which increases the demand for special amenities. These factors are expected to surge growth in the global market.

RESTRAINING FACTORS

"Risk of Skin Diseases May Hamper Market Expansion"

Excess exposure to chemicals of the pool may affect the expansion rate of the market. The participant may experience skin rashes, hair fall, and itching due to higher exposure to the chemical water. These factors are estimated to affect market growth in the forecast period.

REGIONAL INSIGHTS

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"North America to Lead the Market Due to the Rising Construction of Swimming Pools"

North America is forecasted to hold a dominating part of the swimming pool chemical market share due to the growing construction of residential and commercial swimming pools. High per capita income of the population to surge the demand in the regional market. 

Asia Pacific is likely to show significant growth owing to the growing fitness concern among the population. Additionally, the rising number of hotels and resorts are anticipated to increase the demand for chemical.

KEY INDUSTRY PLAYERS

"Key Players Focusing On Gaining Collaborations and Partnerships to Expand "

Important market developments and inorganic and organic growth strategies are included in the studies. Many businesses are focusing on organic business growth, including product launches, product approvals, and other initiatives like patents and events. The market's inorganic growth tactics included acquisitions, partnerships, and collaborations. Market participants now have more opportunities to grow their clientele and businesses thanks to the efforts above. Industry participants in the market should soon benefit from significant growth prospects due to the expanding demand for filter products on the global market.

List of Market Players Profiled

• Olin Chlor Alkali (U.S.)
• Nissan Chemical (Japan)
• United Chemical Corp (U.S.)
• Jiheng Chemical (China)
• Ercros S.A. (Spain)
• Shikoku Chemicals (Japan)
• Arkema (France)
• Zeel Product (New York)
• Nippon Soda (Japan)
• Nankai Chemical (Japan)
• Barchemicals (Italy)
• Ineos (U.K.)
• Akzo Nobel (Netherlands)
• FMC (U.S.)
• Robelle (U.S.)
• Westlake Chemical (U.S.)
• Heze Huayi (China)
• Lonza (Switzerland)
• BASF (Germany)
• Weilite (China)
• Nanke (U.S.)
• Clorox Pool and Spa (Canada)
• Sumitomo Chem (Japan)
• Solvay Chem (Belgium)
• Natural Chemistry
• AGC (Japan)
• Surpass Chem (U.S.)
• ICL Industrial Products (Israel)
• Occidental (U.S.)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2021 through 2027, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.