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Key Emerging Trends in the Swimming Pool Treatment Chemicals Market
The global market for swimming pool treatment chemicals is experiencing significant growth due to the expansion of the construction industry worldwide, particularly in the residential sector. This surge in residential construction has led to a notable increase in the construction of new swimming pools, driving the demand for swimming pool treatment chemicals, especially in the United States. The desire for private pools is fueled by various benefits, including relaxation, entertainment, exercise, and overall convenience. In 2021 alone, approximately 16,000 swimming pools were constructed in the US, representing a 3% increase from the previous year.
The escalating construction activities are not limited to developed nations; developing countries are also witnessing a boom in the construction sector. Factors contributing to this growth include the construction of luxurious apartments, evolving lifestyles, and the rising purchasing power of consumers. This uptrend in construction is expected to result in a higher number of swimming pool installations, consequently driving the demand for swimming pool treatment chemicals.
Moreover, the hospitality industry is playing a significant role in propelling the demand for swimming pool treatment chemicals. The surge in tourism, particularly in regions like Asia-Pacific, has led to an increased focus on constructing luxurious hotels equipped with pools and spas. Countries like Indonesia and the Philippines are witnessing a boom in tourism, and this has translated into a higher demand for swimming pool treatment chemicals to maintain the water quality of these recreational facilities.
The growing sale of condominiums, particularly those featuring expansive pools, in countries such as Singapore, Vietnam, Thailand, and the Philippines, is another contributing factor to the rising demand for swimming pool treatment chemicals. Condominium complexes are increasingly becoming popular residential choices, and the inclusion of large pools as part of these developments is attracting more consumers, further boosting the market.
In essence, the expansion of the construction industry, both in terms of residential housing and commercial establishments like hotels and condominiums, is a pivotal factor influencing the robust growth of the global swimming pool treatment chemicals market. As construction activities continue to rise globally, the demand for swimming pools, and subsequently, the need for effective treatment chemicals, is anticipated to remain on an upward trajectory during the review period.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Growing popularity of swimming among youngsters as a sports and fitness medium |
| Market Dynamics | Increase in health awareness and tourism activities |
Swimming Pool Treatment Chemicals Market Highlights:
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