
Published On: Aug 2021
Published On: Aug 2021
Salt-Based Water Softeners Segment to Dominate Asia Pacific Water Softeners Market during 2021-2028
According to a new market research study on “Asia Pacific Water Softeners Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Type, Application and Country,” is expected to reach US$ 4,543.54 million by 2028 from US$ 3,281.65 million in 2021. The market is estimated to grow at a CAGR of 4.8% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific water softeners market along with the drivers and restraints pertaining to the market growth. An upsurge in urbanization and rise in industrialization in emerging economies are major factors driving the growth of the Asia Pacific water softeners market. However, the wide scale availability of substitutes may hinder the growth of Asia Pacific water softeners market.
In Asia Pacific, India reported a huge number of COVID-19 cases, which led to the discontinuation of several business operations, including water softener manufacturing activities. However, the emphasis on the need for pure drinking water, cleanliness, and proper hygiene practices has led to the reopening of water softener manufacturing projects; thus, the water softeners market growth is expected to propel in the region in 2021.
The market for Asia Pacific water softeners is segmented into type, application and country. Based on type, the market is segmented into salt-based water softeners, and salt-free water softeners. The salt-free water softeners segment is expected to be the fastest growing segment over the forecast period. Based on application, the Asia Pacific water softeners is divided into industrial, residential, municipal, and others. In 2020, the industrial segment held the largest share in Asia Pacific water softeners market. Based on country, the Asia Pacific water softeners market is divided into China, Japan, India, South Korea, Australia and rest of Asia Pacific. In 2020, rest of Asia Pacific held the largest share in Asia Pacific water softeners market. Furthermore, in this present scenario of COVID 19 pandemic, the Asia Pacific water softeners market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacific countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for water softeners.
Atlas Filtri, A.O. Smith Water Technologies, Culligan Italiana S.p.A, 3M, Water2Buy, Viessmann Climate Solutions Se, Cillit, BWT Holding GmbH, Whirlpool Corporation, General Electric, and Ecowater Systems LLC, are some of the leading companies in the Asia Pacific water softeners market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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