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.
Report Attribute/Metric | Details |
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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 Size was valued at USD 1.23 Billion in 2023. The Swimming Pool Treatment Chemicals industry is projected to grow from USD 1.27 Billion in 2024 to USD 1.53 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.39% during the forecast period (2024 - 2032). Increased health concerns and rising popularity of sports and entertainment related to swimming are the key market drivers making the market grow rapidly in the anticipated period.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for swimming pool treatment chemicals is being driven by the rising health awareness. Growing health consciousness among the populace, altering lifestyles, the expansion of cosy apartments with swimming pools, rising living standards, and a rising propensity to use swimming pools for regular exercise are significant factors anticipated to propel market revenue growth over the forecast period. Â Chemicals used in swimming pools aid in maintaining clean water. It removes the organic particulate matter that people have brought into the swimming pool, including skin-screening chemicals and other personal-care items as well as microbes like bacteria, viruses, and protozoa as well as anthropogenic particles like skin or hair cells. For maintenance purposes and to protect swimmers from various ailments, these chemicals are used frequently. It is crucial to carefully control the chemical balance in pools since water with an incorrect chemical balance can harm numerous pool components and irritate swimmers' eyes and skin.
In the upcoming years, the market for swimming pool treatment chemicals is likely to experience expansion because of the expanding building of cozy apartments. The COVID-19 outbreak, however, has had a devastating impact on the chemical sector, which may pose additional challenges to the growth of the market for swimming pool treatment chemicals in the near future.Â
Furthermore, people are favoring all amenities, including swimming pools, inside the same infrastructure as a result of rising income levels, hectic lifestyles, and a growing desire for physical activity to relieve stress. This is expected to exhibit in an increase in the building of opulent apartments and corporate buildings with amenities like spas, gyms and swimming pools. In order to draw visitors and boost revenue potential, hotels and resorts are also increasingly adding swimming pools. Additionally, there is a growing need for pool maintenance due to the adoption of swimming pools in schools and the requirement to uphold standards for swimmers competing in international sports competitions. These are few of the vital elements that are anticipated to fuel the worldwide swimming pool chemical market's revenue rise throughout the forecast period. Thus, driving the Swimming Pool Treatment Chemicals market revenue.
The Swimming Pool Treatment Chemicals market segmentation, based on type includes Calcium Hydrochlorite, Sodium Hydrochlorite, TTCA, and Bromine. Due to its high free chlorine concentration, negligible impact on scaling, and superior performance when exposed to sunlight, the TTCA segment is anticipated to represent the greatest market share over the projection period. As it is very efficient against bacteria and biofilm, the sodium hypochlorite segment is anticipated to post a strong revenue CAGR over the course of the projected year.
The Swimming Pool Treatment Chemicals market segmentation, based on end use, includes Napthalene sulfonates, Lignosulfonates, Polycarboxylates, and Melamine Sulfonates. The lignosulfonates category generated the most income. Due to their capacity to disperse and dissolve particles, lignosulfonates are incredibly successful in the treatment of water and are therefore perfect for processes like sedimentation, coagulation, and flocculation. They are both an economical and environmentally friendly way to purify water. Reducing the quantity of chemical coagulants required to attain the desired water quality is one of the key benefits of utilising lignosulfonates in water treatment. The water treatment system becomes more cost- and sustainably-effective as a result of a reduction in the system's overall chemical load.
Figure 1: Swimming Pool Treatment Chemicals Market, by End User, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Swimming Pool Treatment Chemicals market area will dominate this market, owing to an increase in the number of both commercial and residential swimming pools construction.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: SWIMMING POOL TREATMENT CHEMICALS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Swimming Pool Treatment Chemicals market accounts for the second-largest market share due to the rising concerns towards health and physical fitness. Further, the German Swimming Pool Treatment Chemicals market held the largest market share, and the UK Swimming Pool Treatment Chemicals market was the fastest growing market in the European region
The Asia-Pacific Swimming Pool Treatment Chemicals Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to expanding hotels and resorts industry. Moreover, China’s Swimming Pool Treatment Chemicals market held the largest market share, and the Indian Swimming Pool Treatment Chemicals market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing aggressively in research and development in order to extend their product lines, which will help the Swimming Pool Treatment Chemicals market, grow faster. Market participants are also adopting various strategic tactics to expand their worldwide position, with some of the prominent market developments including new product developments, contractual agreements, collaborations, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a highly competitive and growing market climate, the Swimming Pool Treatment Chemicals industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Swimming Pool Treatment Chemicals industry to benefit clients and increase the market sector. In recent years, the Swimming Pool Treatment Chemicals industry has offered some of the most significant advantages to medicine. Major players in the Swimming Pool Treatment Chemicals market, including Solvay of Belgium, Olin Corporation of the United States, BASF SE, Arkema of France, Igneous of the United Kingdom, Naphthalene Sulfonates, AGC Inc. of Japan, Lignosulphonates, ICL of Israel, Polycarboxylates and Melamine Sulfonates, Occidental Petroleum Corporation of the United States, Sumitoma Chemical Co. Ltd of Japan, Eros S. A of Spain, ICL of Israel, Aditya Birla Chemicals of India, Lenntech B. V of the Netherlands, NIPPON SODA Co. Ltd of Japan, , Heze Huayi Chemical Co. Ltd of China., ODYSSEY MANUFACTURING CO of the United States, Nankai Chemical Co Ltd of Japan, and others, are adopting various business tactics to increase market's expansion via investing in research and development related activities.
Olin Corp (Olin) is a company that produces and sells chemicals and weapons. Chlorine, caustic soda, epoxy, vinyls, chlorinated organics, hydrochloric acid, and bleach are some of the chemical compounds it produces. Chemicals produced by the company widely used and innovated to offer a wide range of downstream chemical products. It offers a variety of ammunition types, including industrial cartridges, small-caliber military ammunition, law enforcement ammunition, reloading equipment, and sporting ammo. Under the Winchester, Airstone, DLVE, DLVNE, and Litestone trademarks, the corporation distributes its products through a network of terminals, distribution centres, and transportation companies. In August 2022, At its facility in Freeport, Texas, Olin Corporation (NYSE: OLN) reported that it intended to permanently shut down about 225,000 ECU tonnes of diaphragm-grade chlor alkali capacity. By the end of 2022, the closure was anticipated to be complete.
Ercros SA (Ercros) manufactures plastics and basic chemicals. Basic chemicals including hydrochloric acid, acetaldehyde, chlorine, ammonia, and caustic soda as well as plastics like PVC compounds and dichloroethane (EDC) are among the company's wide range of products. Additionally, the business offers pharmaceutical active ingredients and chemical intermediates. The chemical, water treatment, automotive, paint, textile, hygiene, construction, and food industries are just a few of the industries that Ercros supports. It has production facilities spread across a number of Spanish cities. In October 2019, The Wa Seca 1 chlorine plant's expansion has been announced by Ercros. The chlorine plant's output capacity has been enhanced by the corporation by up to 217,000 tonnes annually. As a result, this elevates the company to ninth-place status among European chlorine manufacturers in Spain.
June 2021: In a move to support the ongoing education of and support for its crucial pool service professional community, HASA Inc., the leading West Coast supplier of liquid sodium hypochlorite for water and swimming pool sanitization, announced that it had acquired all the assets & other intellectual property of Pool Chemistry Training Institute (PCTI).
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