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Water Softener Market Growth Analysis
The water softener market is likely to witness an impressive CAGR of 8.6% during the forecast period.
Some of the key players in the water softener market are Culligan International Company, Kinetico UK Ltd, NuvoH2O, The 3M Company, US Water System, Inc., Ecowater System, LLC Ion Exchange (India) Limited, Hague Quality Water, Harvey Water Softener, Pelican Water System, and Canature Environment Products Co., Ltd.
Increasing use of hard water in residential buildings is expected to boost the market growth. Furthermore, the growing acceptance of the product in industrial applications such as food processing, chemical, textile, and refineries is likely to drive the growth of the market during the forecast period.
Asia-Pacific led by South Korea, Japan, India, and China is estimated to be the leading region in the market for water softeners during the forecast period.
The salt-based product segment is expected to experience higher growth in the market during the forecast period due to its low price, higher efficiency in reducing scale formation in boilers, tanks, and pipes, and easy availability.
The market is studied from 2016 - 2027.