Global Hot Tub Chemicals for Residential Application Market Expected to Reach USD 1,711 MN By Forecast Year 2028
The Global Hot Tub Chemicals for Residential Application Market is accounted for $897.65 million in 2020 and is expected to reach $1,711.36 million by 2028 growing at a CAGR of 8.4% during the forecast period. Some of the key players in Hot Tub Chemicals for Residential Application Market include Online Pool Chemicals, Splash Perfect, Canadian Spa Company, Leisurechem, Clever Company, and Phoenix Products Co.
The Global Hot Tub Chemicals for Residential Application Market is majorly driven by growing interest in sports and water leisure activities, rise in disposable income, and increasing residential building activities. The sanitizer segment is growing at a highest CAGR, as it helps in killing the bacteria and purifying the water present in the hot tub. North America dominated with a significant market share due to the increased awareness level about water quality and rising demand for helpful chemicals that eradicate bacteria and algae. Asia Pacific market is growing at a highest CAGR owing to the growing urbanization, rising purchasing power of consumers in the region, and the increasing investments in the residential sectors.
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