Global Algaecides Market Size, Trends & Growth Opportunity, By Type (Copper Sulfate, Chelated Sulfate, QAC, and Peroxyacetic Acid & Hydrogen Dioxide), By Application Surface Water Treatment, Aquaculture, Sports & Recreational Centers, Agriculture), By Form (Granular Crystal, Liquid, and Pellet), By Mode of Action, By Region and Forecast from 2022- 2027
Report ID : IR1001043 | Industries : Chemicals & Materials | Published On :March 2024 | Page Count : 6
Global Algaecides Market Size, Trends & Growth Opportunity, By Type (Copper Sulfate, Chelated Sulfate, QAC, and Peroxyacetic Acid & Hydrogen Dioxide), By Application Surface Water Treatment, Aquaculture, Sports & Recreational Centers, Agriculture), By Form (Granular Crystal, Liquid, and Pellet), By Mode of Action, By Region and Forecast from 2022- 2027
Global Algaecides Market
Global Algaecides market was valued at US$ 3.2 Bn in 2021 and it is expected to reach at US$ 4.8 Bn by 2027, growing at CAGR 4.91% during the period, 2022-2027.
Algaecide products and algal control services have grown in popularity in recent years as a result of the uncontrolled growth of algal blooms in freshwater lakes and marine coastlines and estuaries. Toxins produced by algal blooms are considered hazardous to humans, marine and freshwater environments. As a result, various preventive and control measures for algae treatment are propelling the global algaecides market forward.
Algaecides are chemical compounds that contain active ingredients that kill algae and/or prevent it from growing in a pool. Algaecides with copper ions as the active ingredient, containing a chelated copper ion, are available, as are algaecides with quaternary ammonium compounds (referred to as "quats") or polymeric quaternary ammonium compounds (referred to as "poly-quats"). The use of algaecide has advantages and disadvantages, with potential staining and foaming being the most common issues. Furthermore, the correct algaecide with the correct algal type is required because algaecides are not universal.
Many species of filamentous, planktonic, and branched algae are controlled or suppressed using algaecides. It can be either selective or non-selective towards algae. Selectivity is affected by species, application timing and dose, water chemistry, and product formulation. Their mechanisms of action differ, but they are all considered "contact" pesticides, which means they only harm the algal cells and filaments that come into contact with or are exposed to dissolved algaecide, with little intercellular movement. Algaecides are also used to control algal growth in ponds, lakes, waters, reservoirs, stock tanks, and irrigation conveyance systems. They can be sprayed onto an algal mat, applied as granular crystals or pellets, or injected directly into the water column.
Market Drivers: Rise in demand of algaecides for swimming pool
Algaecides are chemical compounds that contain active ingredients that kill algae and/or prevent it from growing in a pool. Algae growth is a common problem in swimming pools, and pool owners must deal with it several times a year. Algae spores are deposited by rain or even human contact, and algae thrive in the presence of carbon dioxide, warm weather, and off-balance pH levels. Algae can cause green water or slimy deposits in swimming pools that are yellow, green, pink, or black.
Restraints: Stringent regulations for the use of algaecide usage
Regulatory restrictions on the use of such compounds in various regions limited the range of algaecides available to formulators. The use of algaecides on waste water discharged into public water bodies requires the approval of local authorities in order to ensure that the active ingredients used are not sensitive to non-target species, which may affect the use of algaecides.
For example, the United States Environmental Protection Agency has approved numerous formulations and manufacturers of algaecides for use in and around aquatic habitats. Algaecides must be applied in accordance with the full product label as registered by the Environmental Protection Agency of the United States (USEPA).
Global Algaecides Market Share Analysis, By Application
Based on the application type, aquaculture holds for the largest market share because of the organized development of aquaculture in both, freshwater and marine areas for maintaining water quality and increased incidence of algal bloom
Global Algaecides Market Share Analysis, By Form
Based on Form, aquaculture holds for the largest market share because of the organized development of aquaculture in both, freshwater and marine areas for maintaining water quality and increased incidence of algal bloom
Global Algaecides Market, By Region
Strong emphasis on environmental pollution control in North America is supported by regulatory framework mainly in the U.S.; this may lead to increased demand for algaecides in this region. Algaecides must be applied in accordance with the full product label as registered by the USEPA.
North America is accounted for the highest market share in 2021. However, Asia pacific region is projected to grow at a healthy rate during the forecast period and penetrate the market.
Key Players
Various key players discussed in Global Algaecides Market report such as BASF SE , Dow, Lonza Group, SePRO Corporation, Nufarm, UPL Limited, BioSafe Systems, Airmax, Inc., Oreq Corporation, N. Jonas & Company, Inc, etc.
Market Taxonomy
By Type
• Copper Sulfate
• Chelated Copper
• QAC
• Peroxyacetic Acid & Hydrogen Dioxide
By Application
• Surface Water Treatment
• Aquaculture
• Sports & Recreational Centers
• Agriculture
By Form
• Granular Crystal
• Liquid
• Pellet
By Mode of Action
• Non-Selective Algaecides
• Selective Algaecides
By Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Global Algaecides Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Algaecides Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Algaecides Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Algaecides Market Share Analysis, By Type
5.3 Global Algaecides Market Size and Forecast, By Type
5.3.1 Copper Sulfate
5.3.2 Chelated Copper
5.3.3 QAC
5.3.4 Peroxyacetic Acid & Hydrogen Dioxide
6 Global Algaecides Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Algaecides Market Share Analysis, By Application
6.3 Global Algaecides Market Size and Forecast, By Application
6.3.1 Surface Water Treatment
6.3.2 Aquaculture
6.3.3 Sports & Recreational Centers
6.3.4 Agriculture
7 Global Algaecides Market, By Form
7.1 Y-o-Y Growth Comparison, By Form
7.2 Global Algaecides Market Share Analysis, By Form
7.3 Global Algaecides Market Size and Forecast, By Form
7.3.1 Granular Crystal
7.3.2 Liquid
7.3.3 Pellet
8 Global Algaecides Market, By Mode of Action
8.1 Y-o-Y Growth Comparison, By Mode of Action
8.2 Global Algaecides Market Share Analysis, By Mode of Action
8.3 Global Algaecides Market Size and Forecast, By Mode of Action
8.3.1 Non-Selective Algaecides
8.3.2 Selective Algaecides
9 Global Algaecides Market, By Region
9.1 Global Algaecides Market Share Analysis, By Region
9.2 Global Algaecides Market Share Analysis, By Region
9.3 Global Algaecides Market Size and Forecast, By Region
10 North America Algaecides Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 North America Algaecides Product Market Share Analysis, By Type
10.3 North America Algaecides Product Market Size and Forecast, By Application
10.4 North America Algaecides Product Market Size and Forecast, By Form
10.5 North America Algaecides Product Market Size and Forecast, By Mode of Action
10.6 North America Algaecides Product Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Algaecides Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Europe Algaecides Product Market Share Analysis, By Type
11.3 Europe Algaecides Product Market Size and Forecast, By Application
11.4 Europe Algaecides Product Market Size and Forecast, By Form
11.5 Europe Algaecides Product Market Size and Forecast, By Mode of Action
11.6 Europe Algaecides Product Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.64. Rest of Europe
12 Asia Pacific Algaecides Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Asia Pacific Algaecides Product Market Share Analysis, By Type
12.3 Asia Pacific Algaecides Product Market Size and Forecast, By Application
12.4 Asia Pacific Algaecides Product Market Size and Forecast, By Form
12.5 Asia Pacific Algaecides Product Market Size and Forecast, By Mode of Action
12.6 Asia Pacific Algaecides Product Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Algaecides Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Latin America Algaecides Product Market Share Analysis, By Type
13.3 Latin America Algaecides Product Market Size and Forecast, By Application
13.4 Latin America Algaecides Product Market Size and Forecast, By Form
13.5 Latin America Algaecides Product Market Size and Forecast, By Mode of Action
13.6 Latin America Algaecides Product Market Size and Forecast, By Country
14 Middle East Algaecides Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Middle East Algaecides Product Market Share Analysis, By Type
14.3 Middle East Algaecides Product Market Size and Forecast, By Application
14.4 Middle East Algaecides Product Market Size and Forecast, By Form
14.5 Middle East Algaecides Product Market Size and Forecast, By Mode of Action
14.6 Middle East Algaecides Product Market Size and Forecast, By Country
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 BASF SE
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Dow
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Lonza Group
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 SePRO Corporation
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Nufarm
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 UPL Limited
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 BioSafe Systems
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Airmax, Inc
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Oreq Corporation
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 N. Jonas & Company, Inc
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies