TMR Research has recently come up with a new research report that provides a detailed information about the overall working dynamics of the global pH balancer market. The research report tries to shed light on the key segments of the global market, the competitive landscape, and the general geographical outlook of the pH balancer market for the given course of the forecast period ranging from 2019 to 2029.
North America to Remain Prominent Regional Segment
As per the research report, the global pH balancer market is segmented into six key segments. These segments are North America, Latin America, East Asia & Oceania, South Asia, Europe, and the Middle East and Africa. In recent years, the global market has been dominated by the regional segment of North America. The growth of the regional market can be primarily attributed to the presence of key stakeholders in the region. In addition to this, the growth of the regional market is also attributed to the presence a large number swimming pools that use pH balancers. In the U.S. alone, there are more than 10 million residential swimming pools. Moreover, these are more than 309,000 public swimming pools. Thus, the regional segment of North America is expected remain dominant over the course of the given period of forecast ranging from 2019 to 2029. The regional segment of Europe follows the North America market in terms of growth. However, the regional segment is expected to witness a sluggish rate of growth in the coming years of the forecast period.
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This downfall in terms of growth rate is due to the current Corvid-19 pandemic. With over a million of reported cases across both the North America and the Europe region, the people are not expected go back to public or residential swimming pools soon enough. This is projected to bring down the demand for pH balancers and thus, slow down the growth in these regional markets.
Growing Applications of pH Balancers to Drive Market Growth
In recent years, pH balancers have emerged as efficient products that provide great control over pH levels. These balancers help in maintaining ideal chemical levels in pools and other water treatment-facilities or applications. Naturally there has been a growing demand for these pH balancers due to their superior efficiency in modifying pH levels. Moreover, the demand for these products is also high because they also help in maintaining the brine level fluids along with maintaining proper pH levels. In addition to this, keeping regular pH levels helps in improving the effectiveness of different other additives that are generally used several different products such as cosmetic formulations and beverages. pH balancers are primarily used for keeping regulated PH levels in public as well as private swimming pools. Using these products helps in lowering the pH in the pool waters that further helps in creation of calcium scales inside swimming pools. Moreover, it also helps in balancing chemicals inside pools by absorbing sodium bisulfate. With proper pH levels, there are lower risks of skin and eye irritation. Due to such host of benefits, there is an increasing demand for pH balancers across the globe. Such a rising demand is thus, a key factor in driving the overall growth of the global pH balancers market.
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Another important growth factor for the global pH balancers market has been its use as a preferred chemical to improve the overall productivity of pesticides. pH balancers help in reducing the quantity of different minerals such as EC and TDS present in water thus making them easier to absorbed by plants. These balancers also help in decreasing the chemical states on plants that helps in preventing damage of leaves. It is projected that the pH balancers market will witness an increasing demand from the pesticides industry in the coming years of the forecast period driving its growth.