According to a new report published by UnivDatos Markets Insights, the Water Hardness Test Strip Market was valued at more than USD xx million in 2020 and is expected to grow at a CAGR of around 4.5% from 2022-2028. The analysis has been segmented into Type (Calcium Concentration Measurement); Application (Industrial, Laboratory and Others); Sales Channel (Retail and Non- Retail); Region/Country.
The water hardness test strip market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the water hardness test strip market. The water hardness test strip market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the water hardness test strip market at the global and regional levels.
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Market Overview
Originally, water hardness was understood to be a measure of the capacity of water to precipitate soap. The hardness of water is the major problem for daily consumption as well as for industrial purposes. The hardness of water is based on its alkaline earth contents. There are several methods used for determination of hardness of water such as calcium and magnesium determination. The most commonly used method for water hardness testing is by water hardness test strip which are useful for the qualitative as well as semi-qualitative estimation of hardness of water to be used in industrial application and daily requirement. This type of method is simple, economical and can be used in any regions where sophisticated instruments or technique are not available which fuel the growth of global water hardness test strip market. The growing demand for water hardness test strip can be attributed to the increasing environmental concerns such as water contamination, additionally, rising usage of accurate water testing in non-industrial applications are acting as other growth-inducing factors. Furthermore, rising health hazard associated with hard water are expected to drive the market for water hardness test strip market in the coming years.
Some of the major players operating in the market include Aqua Cure Ltd, Isolab Laborgerate GmbH, Johnson Test Paper Ltd, LaMotte Company, Serim Research Corporation, Thermo Fischer Scientific Inc, Colorkim Kimya San. Ltd, US Water Systems, Inc, Bartovation LLC, Industrial Test Systems, Inc.
COVID-19 Impact
The COVID crisis which affected every country and state has led to a significant change in the economic growth of all regions, which has impacted the food & beverage industry as well. Due to their minimal overhead and ability to pivot quickly, start-up food & beverage companies have done well during this period. They were, however, mainly unable to take advantage of PPP loans and other such programs, which would have been beneficial at this time. As A result, increases in operating costs or revenue losses hit three out of every beverage enterprise. Moreover, a quarter of the respondents predicted the worst-case scenario, which included an increase in operating costs and a loss in income. Moreover, the global water hardness test strip market also faced several problems due to the pandemic, primarily due to the slightest awareness regarding technologies in the municipalities. Therefore, it is predicted to experience significant growth amid COVID-19.
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The global water hardness test strip market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on the application, the market is fragmented into industrial, laboratory and others. The industrial segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Industrial water use includes water used for purposes such as fabricating, processing, washing and other things within the manufacturing facility. The use of water hardness test strips in industries is preferred as it is the quickest and cost effective method to determine the quality of water being used.
· Based on the sales channel, the market is fragmented into retail and non-retail. The retail segment segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. The household sector and swimming pool sector are the customers for the water hardness test strip market, who gain access to the product through main retail channels such as online stores and specialty stores. Therefore, raising sales through the retail channel opens up the opportunity for the market key players.
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Water Hardness Test Strip Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific)
· Rest of the World
Asia Pacific constitutes a major market for the water hardness test strip industry owing to direction of improvising the environmental criteria of sustainability in the region and extensive efforts from all the stakeholders in the supply chain, especially governmental, non-governmental or private organizations. Beside due to globalization of business and industrial shift and technological innovations in water treatment segment the robust demand is observed in region propels the growth of water hardness test strips in the region. India, Australia & New Zealand, and Southeast Asia are some of the countries exhibiting the highest growth rate in the region that order for the sales performance of water hardness test strips.
The major players targeting the market include
· Aqua Cure Ltd
· Isolab Laborgerate GmbH
· Johnson Test Paper Ltd
· LaMotte Company
· Serim Research Corporation
· Thermo Fischer Scientific Inc
· Colorkim Kimya San. Ltd
· US Water Systems, Inc
· Bartovation LLC
· Industrial Test Systems, Inc
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Water hardness test strip market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the water hardness test strip market?
• Which factors are influencing the water hardness test strip market over the forecast period?
• What are the global challenges, threats, and risks in the water hardness test strip market?
• Which factors are propelling and restraining the water hardness test strip market?
• What are the demanding global regions of the water hardness test strip market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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