Water Hardness Test Strip Market Projected to Garner Significant Revenues by 2025

April 01 05:25 2021
Water Hardness Test Strip Market Projected to Garner Significant Revenues by 2025

MarketsandMarkets™
The water hardness test strip market is estimated to be valued at USD 56.5 billion in 2020 and is projected to reach USD 70.2 billion by 2025, recording a CAGR of 4.4 %

The report Water Hardness Test Strip Market by Type (Calcium concentration measurement, magnesium concentration measurement), Application (Industrial, Laboratory, Others), Sales Channel (Retail & Non-retail), and Region – Global Forecast to 2025″, According to MarketsandMarkets, the water hardness test strip market is estimated to be valued at USD 56.5 billion in 2020 and is projected to reach USD 70.2 billion by 2025, recording a CAGR of 4.4 %, in terms of value. Factors such as the rise in demand for water testing from various industrial sectors, stringent rules and regulations imposed by related government bodies with regards to water quality are projected to drive the growth of the water hardness test strip industry during the forecast period.

Water Hardness Test Strip Market

Drivers: Growing demand for laboratory testing of water in civil bodies

With the growing stringency of regulations pertaining to the hardness of water, the water hardness test strips market is growing at a significant rate. Municipal bodies and civic societies are usually slow acceptors of new technologies, but test strips being economical and cost-effective products for water hardness testing, are highly accepted by the civic bodies in different regions. In addition to this, stringent regulations by governments have played a major role in the adoption of water hardness test strips by civil and municipal bodies for quality testing of water.

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In the past 20 years, there has been a notable increase in the allocation of government expenditures on water testing development in many countries. Organization for Economic Co-operation and Development (OECD) listed countries spend over USD 200 billion in investments necessary to rehabilitate existing infrastructure, comply with environmental and health regulations, and maintain the required water quality and supply. However, the growing demand from consumers for good quality water with enriched vitamins and minerals enables civil and municipal bodies to adopt the growing technology for laboratory testing of water. To meet regulatory standards, civic bodies are investing significantly to upgrade their testing technology to meet water quality norms. This, in turn, is projected to drive the growth of the water hardness test strips market across the globe.

Opportunities: Increasing stringent regulations for drinking water

Due to growing concerns among consumers demanding fresh and pure-quality water enriched with minerals and vitamins, water hardness test strips will grow significantly in the coming years. The Environmental Protection Agency (EPA) has developed the National Primary Drinking Water Regulations with enforceable standards on the quantity of contaminants allowed in drinking water. These standards protect consumers from contaminants that may pose a risk to human health. All public water providers (municipal and civil bodies) must comply with these requirements while supplying water to their consumers. In addition, the EPA has a set of standards known as the National Secondary Drinking Water Regulations. These standards are recommended guidelines by the government to the water providers, which have to be strictly followed.

For instance, the International Bottled Water Association (IBWA) has provided the code of practice to guide bottled water industry stakeholders with technical and federal regulations. All bottlers are required to comply with state or local agency regulatory requirements in areas where their bottles are sold or distributed. FDA regulations mandate that every bottled water be processed to undergo physical, chemical, and hardness tests.

By application, industrial segment is projected to account for the largest share in the water hardness test strip market during the forecast period

Industrial water use includes water used for purposes such as fabricating, processing, washing, diluting, cooling, or transporting a product; incorporating water into a product; or for sanitation needs 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. Through these results, the user can also determine the level of water treatment to be done, which helps save costs for the industry. Water is used in direct contact with the food or food contact surfaces or indirectly as a processing aid. The significance of using quality water in food production has also been recognized by requiring the application of HACCP principles in water usage. Thus, the use of strips for determining the level of water hardness is expected to grow commercially through sectors such as food, chemicals, and petroleum refineries.

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The North America region dominated the Water Hardness Test Strip Market with the largest share in 2019.

With the increasing number of FDA regulations governing the safety & quality of water that is to be used for industrial as well as other purposes, there is a surge in the demand for water testing equipment that include water hardness test strips, which help in monitoring the water quality from time to time. The presence of most global players in the water hardness test strips market in this region has led to higher product availability. Moreover, water of specific grades having the correct proportion of calcium as well as magnesium content incurs large-scale application in various industrial sectors, such as food & beverage, chemical, pharmaceutical, cosmetic as well as water treatment. It also serves applications in laboratories. North America altogether has 331,794 target establishments (including swimming pools and educational institutes) that require water of such specific grade and quality. Hence, water testing equipment such as water hardness test strips play a crucial role in aligning to such requirements, which eventually help drive the growth of the market in the North American region.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Spectris (UK), Danaher Corporation (US), LaMotte Company (US), Johnson Test Paper Ltd (UK), Serim Research Corporation (US), Avantor, Inc. (US), Isolab Laborgerate GmbH (Switzerland), Aqua Cure Ltd. (England), Cole-Parmer Instrument Company, LLC (US), Industrial Test Systems, Inc. (US), US Water Systems, Inc (US) Bartovation LLC (US), Colorkim Kimya (Turkey), Simplex Health (UK), Amity International (UK), Instruments Direct Services Limited (UK), Hangzhou Lohand Biological Co., Ltd (China), and Changchun Wancheng Bio- Electron Co., Ltd. (China).

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