Hot Tub Chemicals for Residential Application Market is expected to reach US$ 1,369.47 million by 2027

Growing Residential Construction Industry to Escalate Hot tub chemicals for residential application market Growth during 2020–2027

According to our latest market study on “Hot Tub Chemicals for Residential Application Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Product (Balancers, Oxidizers, Sanitizers, and Others),” the market was valued at US$ 828.09 million in 2019 and is projected to reach US$ 1,369.47 million by 2027; it is expected to grow at a CAGR of 7.0% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Hot tubs are used for relaxation and hydrotherapy. A hot tub is designed to be utilized by more than one person at a time. It is usually heated by electricity or natural gas. However, hot tubs can provide a suitable environment for pathogens to grow. These germs can be controlled by maintaining correct disinfectants/chemicals and water temperature levels in the hot tub. A few major hot tub chemicals used in this process are shock, calcium hardness increaser, and granular bromine. Shock plays a key role in hot tub maintenance.

The growth of the hot tub chemical market is driven by the rising number of residential construction projects globally. Also, there is an increase in demand for hot tubs owing to the recovery of the residential construction industry in the US and other major European countries. Furthermore, China, India, and several other countries across the world have a positive impact on the construction of hot tubs in residential houses, which increases the demand for hot tub chemicals. Attractive amenities in the residential complexes will mostly draw the attention of property buyers who influence builders to include a swimming pool, hot tub, spa, and gym facilities in their projects. The rising disposable income, increasing budget for home purchases, and growing demand for attractive amenities significantly impact the construction of swimming pools, hot tubs, spas, and gyms in residential complexes, which bolsters the growth of the global market for hot tub chemicals for residential applications. The residential hot tub construction market is larger than commercial hot tub construction market. This segment includes hot tubs, mostly built in residential complexes, bungalows, rowhouses, and other individual houses. Thus, an increase in the residential construction projects boosts demand for hot tubs, which propels the need for hot tub chemicals.

Leisurechem, Clever Company, Splash Perfect, Phoenix Products Co., Canadian Spa Company, and Online Pool Chemicals are among the well-established players operating in the global hot tub chemicals for residential application market.

Impact of COVID-19 Pandemic on Hot tub chemicals for residential application market  Market

The COVID-19 outbreak has been adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The chemicals and materials is one of the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. For instance, China is the global manufacturing hub and largest raw material supplier for various industries and it is also one of the worst affected countries. The lockdown of various plants and factories in China is restricting the global supply chains and disrupting the manufacturing activities, delivery schedules, and various materials sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are hampering the chemicals and materials industries, and thus act as restraining factor for the growth of various markets related to this industry.

Global Hot tub chemicals for residential application market Breakdown – by Region, 2019

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Hot Tub Chemicals for Residential Application Market to 2027

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Hot Tub Chemicals for Residential Application Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product (Balancers, Oxidizers, Sanitizers, and Others) and Geography

The report includes the segmentation of the global Hot tub chemicals for residential application market as follows:

Hot tub chemicals for residential application market, by Product

• Balancers
• Oxidizers
• Sanitizers
• Others

Hot tub chemicals for residential application market, by Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (APAC)
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Middle East &Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East &Africa
• South America
  • Brazil
  • Argentina
  • Rest of South America