Report Details-
Global Algaecides Market, By Type (Copper Sulfate, Quaternary Ammonium Compounds, Chelated Copper, Peroxyacetic Acid & Hydrogen Dioxide, Dyes & Colorants, Others), Form (Liquid and Dry), Mode of Action (Non-Selective and Selective), Application (Surface Water Treatment, Aquaculture, Sports & Recreational Centers, Agriculture, Others), Distribution Channel (Direct and Indirect) – Industry Trends and Forecast to 2029
Market Analysis and Size
The algaecides are widely used to kill algae and prevent their growth. It is used to kill phytoplankton and also used to prevent or reduce large blooms. It is available in the market in different forms such as liquid, granular, and pallets. It is injected into or sprayed onto surface waters. Rising demand for algaecides in various end use applications such as aquaculture and surface water treatment and a spike in demand for air conditioning systems are drivers for the global algaecides market.
These algaecides are used to prevent photosynthesis and macrophyte harvesting that engages with bloom formation or reduce blooms when they occur. Data Bridge Market Research analyses that the algaecides market is expected to reach the value of USD 7,127.56 million by the year 2029, at a CAGR of 6.9% during the forecast period. "Aquaculture" accounts for the most prominent application segment in the respective market owing to rise in algaecides in water fields. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Algaecide is used to kill and prevent the growth of algae or cyanobacteria. They are two types of algaecide, which comprise natural and synthetic algaecides. They are usually used to prevent filamentous, branched, as well as planktonic algae. Algaecide depends upon some factors such as quantities of application, water chemistry, and product formulation, among others. There are various types of algaecides
Copper Sulfate: (CuSO4) is an inorganic compound and is widely used to prevent blue-green algae as blue-green algae are more sensitive to the effects of copper than other algae.
Chelated Copper: It works better than copper sulfate algaecides as it prevents both filamentous and planktonic algae.
Quaternary Ammonium Compounds: It works better against the green algae as it destroys their cellular membrane. It is not expensive and widely used for swimming pools.
COVID-19 had a Minimal Impact on Algaecides Market
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. However, no significant impact was noticed on their algaecides global operations and supply chain, as import and export of vaccines and essential goods led to increasing demand of algaecides. With this growing awareness and governmental push to the research and development and introducing new kind of algaecides increasing the growth of algaecides market.
The Market Dynamics of the Algaecides Market Include:
Drivers/Opportunities faced by the Algaecides Market
Rise in concern and awareness regarding the conservation of the environment and ecosystem
Rising awareness regarding the harmful effects of algae formation pushes consumers to use algaecides. Algae lead to damage health of marine as well as human health. To prevent or stop algae formation, many government bodies and manufacturers are focused on people being aware and customers about algaecides. Hence, rising concern and awareness regarding the conservation of the environment and ecosystem leads to the market's growth.
Rise in demand for algaecides in various end use applications such as aquaculture and surface water treatment
Algaecides are widely used for both aquaculture and surface water treatment. Many companies and manufacturers are providing algaecides to prevent the growth of algae and help in the efficient working of aquaculture and surface water treatment. Thus, the rising demand for algaecides in various end-use applications such as aquaculture and surface water treatment leads to the market's growth.
Spike in demand for air conditioning systems
Algaecides are widely used to treat and clean the algae formation in the air conditioners. With the increased demand for air conditioners across the globe, the demand for algaecides is expected to grow in the future. Thus spike in demand for air conditioning systems will lead to the market's growth.
Global Algaecides Market Regional Analysis/Insights
The global algaecides market is analyzed and market size insights and trends are provided by country, type, mode of action, form, application, and distribution channel as referenced above.
The countries covered in the global algaecides market report are the U.S., Canada, Mexico, U.K., Russia, France, Spain, Italy, Germany, Turkey, Netherlands, Switzerland, Belgium, rest of Europe, China, India, Indonesia, Thailand, Japan, Malaysia, Philippines, South Korea, Australia, New Zealand, Singapore, rest of Asia-Pacific, Egypt, Saudi Arabia, United Arab Emirates, South Africa, Israel and rest of the Middle East and Africa.
Asia-Pacific is dominating the market due to rising concern and awareness regarding the conservation of the environment and ecosystem in the region. Due to the growing activities of water treatment programs in the region and the algaecides manufacturers are engaged in developing new algaecides products in the region is propelling the region's demand for algaecides.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Algaecides Market Share Analysis
The global algaecides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global algaecides market.
Some of the major players operating in the algaecides market are
· BASF SE,
· Lonza,
· SePRO Corporation,
· BioSafe Systems, LLC,
· N. Jonas & Company, Inc.,
· UPL,
· Phoenix Products Co.,
· Weifang Maochen Chemical Co., Ltd.,
· Airmax,
· Oreq
among others.
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 IMPACTS OF COVID-19 ON THE GLOBAL ALGAECIDES MARKET
7 GLOBAL ALGAECIDES MARKET, BY INDUSTRY TYPE
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