Algaecides Market Size, Share, And Growth Report 2032

Algaecides Market

Algaecides Market Application (Sports & Recreational Centers, Surface Water Treatment, Aquaculture, Agriculture, and Others), Mode of Action (Non-Selective and Selective), and Form (Liquid, Granular Crystal, and Pellet): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-797 Published Date: Sep-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 3.14 Billion USD 5.39 Billion 6.2% 2023

Algaecides Market: Size

The global Algaecides market size was worth around USD 3.14 billion in 2023 and is predicted to grow to around USD 5.39 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.2% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Algaecides market on a global and regional level.

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Global Algaecides Market: Overview

Algaecides are the biocides, which are used to kill and prevent the growth of algae. Barley straw covered in mesh bags are allowed to float in water gardens or fish ponds to control the growth of the algae, without harming pond plants and animals. Algaecide is gaining boom in the global market from last few decades owing to its algal control property. Algae blooms in the marine coastlines, freshwater lakes, or estuaries. Algae produce toxins as it blooms in water, which is considered dangerous for freshwater and marine environments, and for humans.

Global Algaecides Market: Growth Factors

The emergence of preventive and control measures to control the growth of the algae is expected to drive the global algaecides market growth. Algaecides market is gaining importance owing to increasing need to prevent environment degradation and extensive pollution caused due to rising industrialization activities; this in turn is anticipated to foster the global algaecides market growth in the coming years. However, highly efficient and innovative algaecide formulations may open up new growth opportunities in the global market.

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Global Algaecides Market: Segmentation

The application segment of the global algaecides market is segmented as sports & recreational centers, surface water treatment, aquaculture, agriculture, and others.

The global market is further divided based on the mode of action as non-selective and selective. Of these, non-selective algaecides segment accounted for the largest market chunk owing to consumer inclination for quaternary ammonium and copper sulfate compounds in order to control a wide range of algal species.

Moreover, the global algaecides market is bifurcated based on form as a liquid, granular crystal, and pellet. Of these, granular algaecides are the dominating form segment in the global market due to higher dissolution and penetration into the algal cells.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Algaecides Market: Report Scope

Report Attributes Report Details
Report Name Algaecides Market
Market Size in 2023 USD 3.14 Billion
Market Forecast in 2032 USD 5.39 Billion
Growth Rate CAGR of 6.2%
Number of Pages 110
Key Companies Covered Airmax, Inc., BASF SE, UPL Limited, Oreq Corporation, and Lonza Group AG. Other major players include BioSafe Systems, LLC, Dow Chemical Company, Waterco Limited, Nufarm Limited, and SePRO Corporation, among others
Segments Covered By Application, By Mode Of Action, By Form, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Algaecides Market: Regional Analysis

North America held the largest market share in the global algaecides market due to increasing environmental problems. Increasing applications of the algaecides in aquaculture due to the organized development of aquaculture in both marine and freshwater also propels the global market growth in this region. It may maintain the quality of water and increasing algae production in Latin America and North America. This may influence the global algaecides market in a positive way. 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.

Global Algaecides Market: Competitive Players

Some main participants of the Algaecides market include:

  • Airmax Inc.
  • BASF SE
  • UPL Limited
  • Oreq Corporation
  • Lonza Group AG.
  • BioSafe Systems LLC
  • Dow Chemical Company
  • Waterco Limited
  • Nufarm Limited
  • SePRO Corporation

The Global Algaecides Market is segmented as follows:

By Application 

  • Sports & Recreational Centers
  • Surface Water Treatment
  • Aquaculture
  • Agriculture
  • Others

By Mode of Action 

  • Non-Selective 
  • Selective

By Form 

  • Liquid
  • Granular Crystal
  • Pellet

Algaecides Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The emergence of preventive and control measures to control the growth of the algae is expected to drive the global algaecides market growth. Algaecides market is gaining importance owing to increasing need to prevent environment degradation and extensive pollution caused due to rising industrialization activities; this in turn is anticipated to foster the global algaecides market growth in the coming years.

According to study, the Algaecides Market size was worth around USD 3.14 billion in 2023 and is predicted to grow to around USD 5.39 billion by 2032, growing at a CAGR of around 6.2% during 2024-2032.

North America has been leading the Algaecides Market and is anticipated to continue on the dominant position in the years to come.

Some main participants of the Algaecides market are Airmax, Inc., BASF SE, UPL Limited, Oreq Corporation, and Lonza Group AG. Other major players include BioSafe Systems, LLC, Dow Chemical Company, Waterco Limited, Nufarm Limited, and SePRO Corporation, among others.

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