PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423739
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423739
Algaecides Market Forecasts to 2030 - Global Analysis By Type, Form, Mode of Action, Application and By Geography
According to Stratistics MRC, the Global Algaecides Market is accounted for $5.08 billion in 2023 and is expected to reach $8.7 billion by 2030 growing at a CAGR of 8.1% during the forecast period. Algaecides are chemical substances specifically designed to control, prevent, or eliminate the growth of algae in various environments. Algaecides work by disrupting the photosynthesis process, inhibiting the growth of algae cells, and ultimately leading to their death. Algaecides are commonly used to control and prevent algae growth in swimming pools, water parks, and other recreational water facilities.
Market Dynamics:
Driver:
Rising demand in agriculture
Algaecides find widespread application in agricultural settings to control and mitigate the proliferation of algae in irrigation systems, ponds, and water bodies associated with farming practices. Algaecides serve as essential tools in maintaining the integrity of irrigation infrastructure, preventing clogging, and optimizing water distribution. Moreover, algaecides play a crucial role in safeguarding the quality of water used in agriculture, ensuring that it remains conducive to healthy plant growth. These factors drive the market demand.
Restraint:
Environmental concerns
Improper application or excessive use of algaecides can lead to chemical runoff into water bodies, which can degrade water quality and harm aquatic life. Some algaecides contain toxic ingredients that can persist in the environment, potentially causing long-term harm to ecosystems. Furthermore, the accumulation of algaecides in water bodies can contribute to the development of algaecide-resistant algae strains. Therefore, environmental concerns present a significant restraint in the algaecides market.
Opportunity:
Rising awareness of water quality
Algae growth in water bodies can compromise water quality, leading to aesthetic issues, foul odors, and potential health risks. Algaecides play a crucial role in addressing this problem by controlling and preventing the growth of algae. They are applied in lakes, ponds, reservoirs, and other water bodies to prevent algal blooms and maintain a healthy aquatic ecosystem. Additionally, algaecides are used in swimming pools, water parks, and other recreational facilities to ensure safe and visually appealing water environments for the public. These factors accelerate the market demand.
Threat:
Development of alternative solutions
As environmental concerns and sustainability become more prominent, there is a growing demand for eco-friendly and non-chemical methods of algae control. One alternative approach is the use of biological controls, such as the introduction of natural predators or the application of beneficial bacteria or enzymes that can inhibit algal growth. These methods are often perceived as more environmentally friendly and have gained attention as potential alternatives to chemical algaecides which hampers the market growth.
Covid-19 Impact
The algaecide market experienced the impact of the COVID-19 pandemic as global disruptions in supply chains, trade restrictions, and economic uncertainties affected various industries. The pandemic led to a temporary slowdown in manufacturing activities and disrupted the distribution channels of algaecide products. Additionally, the economic downturn prompted cost-conscious spending across industries, including agriculture and aquaculture, which affected the purchasing patterns of algaecides.
The chelated copper segment is expected to be the largest during the forecast period
The chelated copper segment is estimated to hold the largest share. In algaecide formulations, chelated copper enhances the stability and bioavailability of copper, ensuring its prolonged efficacy in controlling algae. Chelated copper-based algaecides are known for their broad-spectrum effectiveness against a wide range of algae species. Moreover, these algaecides work by disrupting the cellular structures of algae, hindering their photosynthetic processes, and ultimately leading to their elimination.
The non-selective algaecides segment is expected to have the highest CAGR during the forecast period
The non-selective algaecides segment is anticipated to have lucrative growth during the forecast period. They are widely employed in diverse applications, including agricultural irrigation systems, recreational water facilities, and industrial water bodies. Non-selective algaecides often contain active ingredients such as copper-based compounds, quaternary ammonium compounds, or other broad-spectrum agents. These algaecides work by disrupting vital cellular processes in algae, preventing photosynthesis, and leading to their elimination.
Region with largest share:
North America commanded the largest market share during the extrapolated period owing to robust demand for algaecide products across various industries. The region's diverse aquatic ecosystems, including lakes, reservoirs, and recreational water facilities, drive the need for effective algae control solutions. Moreover, heightened awareness of water safety, coupled with stringent environmental regulations, has underscored the importance of algae management, boosting the market for algaecide products in this region.
Region with highest CAGR:
Asia Pacific is expected to witness profitable growth over the projection period. The region's diverse aquatic ecosystems, including ponds, rivers, and aquaculture facilities, create a significant demand for algaecides to address algae-related challenges. In agriculture, the use of algaecides in irrigation systems ensures water quality for crops, contributing to increased agricultural productivity. Rapid urbanization and the proliferation of recreational water facilities, such as swimming pools and water theme parks, in this region further amplify the need for algaecides to maintain clear and safe water.
Key players in the market
Some of the key players in the Algaecides Market include Lonza Group AG, Nufarm Limited, Waterco Limited, BASF SE, DOW Chemical Company, UPL Limited, Sepro Corporation, Biosafe Systems, LLC, Oreq Corporation, Airmax, Inc., ePRO Corporation, Lenntech B.V., Syngenta and Bayer AG.
Key Developments:
In January 2023, Bayer and the agricultural biotech company Oerth Bio announced a new collaboration seeking to develop the next generation of more sustainable crop protection products.
In September 2022, BASF announces innovation partnership with RiKarbon on emollients derived from bio-waste. Partnership builds on successful R&D activities of RiKarbon Inc. for new green emollients from bio-waste for personal care formulations.
In April 2021, Dow Chemicals, one of the largest global manufacturers of plastic has announced a partnership with Mura Technology, a company based in the U.K. The partnership will support the rapid scaling of Mura's new HydroPRS process to prevent plastic and carbon from entering the environment.
Types Covered:
- Chelated Copper
- Quaternary Ammonium Compounds
- Dyes & Colorants
- Copper Sulfate
- Peroxyacetic Acid & Hydrogen Dioxide
- Other Types
Forms Covered:
- Pellet
- Liquid
- Granular Crystal
Mode of Actions Covered:
- Selective Algaecides
- Non-Selective Algaecides
Applications Covered:
- Agriculture
- Aquaculture
- Sports & Recreational Centers
- Surface Water Treatment
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Algaecides Market, By Type
- 5.1 Introduction
- 5.2 Chelated Copper
- 5.3 Quaternary Ammonium Compounds
- 5.4 Dyes & Colorants
- 5.5 Copper Sulfate
- 5.6 Peroxyacetic Acid & Hydrogen Dioxide
- 5.7 Other Types
6 Global Algaecides Market, By Form
- 6.1 Introduction
- 6.2 Pellet
- 6.3 Liquid
- 6.4 Granular Crystal
7 Global Algaecides Market, By Mode of Action
- 7.1 Introduction
- 7.2 Selective Algaecides
- 7.3 Non-Selective Algaecides
8 Global Algaecides Market, By Application
- 8.1 Introduction
- 8.2 Agriculture
- 8.3 Aquaculture
- 8.4 Sports & Recreational Centers
- 8.5 Surface Water Treatment
- 8.6 Other Applications
9 Global Algaecides Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Lonza Group AG
- 11.2 Nufarm Limited
- 11.3 Waterco Limited
- 11.4 BASF SE
- 11.5 DOW Chemical Company
- 11.6 UPL Limited
- 11.7 Sepro Corporation
- 11.8 Biosafe Systems, LLC
- 11.9 Oreq Corporation
- 11.10 Airmax, Inc.
- 11.11 ePRO Corporation
- 11.12 Lenntech B.V.
- 11.13 Syngenta
- 11.14 Bayer AG
List of Tables
- Table 1 Global Algaecides Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Algaecides Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Algaecides Market Outlook, By Chelated Copper (2021-2030) ($MN)
- Table 4 Global Algaecides Market Outlook, By Quaternary Ammonium Compounds (2021-2030) ($MN)
- Table 5 Global Algaecides Market Outlook, By Dyes & Colorants (2021-2030) ($MN)
- Table 6 Global Algaecides Market Outlook, By Copper Sulfate (2021-2030) ($MN)
- Table 7 Global Algaecides Market Outlook, By Peroxyacetic Acid & Hydrogen Dioxide (2021-2030) ($MN)
- Table 8 Global Algaecides Market Outlook, By Other Types (2021-2030) ($MN)
- Table 9 Global Algaecides Market Outlook, By Form (2021-2030) ($MN)
- Table 10 Global Algaecides Market Outlook, By Pellet (2021-2030) ($MN)
- Table 11 Global Algaecides Market Outlook, By Liquid (2021-2030) ($MN)
- Table 12 Global Algaecides Market Outlook, By Granular Crystal (2021-2030) ($MN)
- Table 13 Global Algaecides Market Outlook, By Mode of Action (2021-2030) ($MN)
- Table 14 Global Algaecides Market Outlook, By Selective Algaecides (2021-2030) ($MN)
- Table 15 Global Algaecides Market Outlook, By Non-Selective Algaecides (2021-2030) ($MN)
- Table 16 Global Algaecides Market Outlook, By Application (2021-2030) ($MN)
- Table 17 Global Algaecides Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 18 Global Algaecides Market Outlook, By Aquaculture (2021-2030) ($MN)
- Table 19 Global Algaecides Market Outlook, By Sports & Recreational Centers (2021-2030) ($MN)
- Table 20 Global Algaecides Market Outlook, By Surface Water Treatment (2021-2030) ($MN)
- Table 21 Global Algaecides Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 22 North America Algaecides Market Outlook, By Country (2021-2030) ($MN)
- Table 23 North America Algaecides Market Outlook, By Type (2021-2030) ($MN)
- Table 24 North America Algaecides Market Outlook, By Chelated Copper (2021-2030) ($MN)
- Table 25 North America Algaecides Market Outlook, By Quaternary Ammonium Compounds (2021-2030) ($MN)
- Table 26 North America Algaecides Market Outlook, By Dyes & Colorants (2021-2030) ($MN)
- Table 27 North America Algaecides Market Outlook, By Copper Sulfate (2021-2030) ($MN)
- Table 28 North America Algaecides Market Outlook, By Peroxyacetic Acid & Hydrogen Dioxide (2021-2030) ($MN)
- Table 29 North America Algaecides Market Outlook, By Other Types (2021-2030) ($MN)
- Table 30 North America Algaecides Market Outlook, By Form (2021-2030) ($MN)
- Table 31 North America Algaecides Market Outlook, By Pellet (2021-2030) ($MN)
- Table 32 North America Algaecides Market Outlook, By Liquid (2021-2030) ($MN)
- Table 33 North America Algaecides Market Outlook, By Granular Crystal (2021-2030) ($MN)
- Table 34 North America Algaecides Market Outlook, By Mode of Action (2021-2030) ($MN)
- Table 35 North America Algaecides Market Outlook, By Selective Algaecides (2021-2030) ($MN)
- Table 36 North America Algaecides Market Outlook, By Non-Selective Algaecides (2021-2030) ($MN)
- Table 37 North America Algaecides Market Outlook, By Application (2021-2030) ($MN)
- Table 38 North America Algaecides Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 39 North America Algaecides Market Outlook, By Aquaculture (2021-2030) ($MN)
- Table 40 North America Algaecides Market Outlook, By Sports & Recreational Centers (2021-2030) ($MN)
- Table 41 North America Algaecides Market Outlook, By Surface Water Treatment (2021-2030) ($MN)
- Table 42 North America Algaecides Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 43 Europe Algaecides Market Outlook, By Country (2021-2030) ($MN)
- Table 44 Europe Algaecides Market Outlook, By Type (2021-2030) ($MN)
- Table 45 Europe Algaecides Market Outlook, By Chelated Copper (2021-2030) ($MN)
- Table 46 Europe Algaecides Market Outlook, By Quaternary Ammonium Compounds (2021-2030) ($MN)
- Table 47 Europe Algaecides Market Outlook, By Dyes & Colorants (2021-2030) ($MN)
- Table 48 Europe Algaecides Market Outlook, By Copper Sulfate (2021-2030) ($MN)
- Table 49 Europe Algaecides Market Outlook, By Peroxyacetic Acid & Hydrogen Dioxide (2021-2030) ($MN)
- Table 50 Europe Algaecides Market Outlook, By Other Types (2021-2030) ($MN)
- Table 51 Europe Algaecides Market Outlook, By Form (2021-2030) ($MN)
- Table 52 Europe Algaecides Market Outlook, By Pellet (2021-2030) ($MN)
- Table 53 Europe Algaecides Market Outlook, By Liquid (2021-2030) ($MN)
- Table 54 Europe Algaecides Market Outlook, By Granular Crystal (2021-2030) ($MN)
- Table 55 Europe Algaecides Market Outlook, By Mode of Action (2021-2030) ($MN)
- Table 56 Europe Algaecides Market Outlook, By Selective Algaecides (2021-2030) ($MN)
- Table 57 Europe Algaecides Market Outlook, By Non-Selective Algaecides (2021-2030) ($MN)
- Table 58 Europe Algaecides Market Outlook, By Application (2021-2030) ($MN)
- Table 59 Europe Algaecides Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 60 Europe Algaecides Market Outlook, By Aquaculture (2021-2030) ($MN)
- Table 61 Europe Algaecides Market Outlook, By Sports & Recreational Centers (2021-2030) ($MN)
- Table 62 Europe Algaecides Market Outlook, By Surface Water Treatment (2021-2030) ($MN)
- Table 63 Europe Algaecides Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 64 Asia Pacific Algaecides Market Outlook, By Country (2021-2030) ($MN)
- Table 65 Asia Pacific Algaecides Market Outlook, By Type (2021-2030) ($MN)
- Table 66 Asia Pacific Algaecides Market Outlook, By Chelated Copper (2021-2030) ($MN)
- Table 67 Asia Pacific Algaecides Market Outlook, By Quaternary Ammonium Compounds (2021-2030) ($MN)
- Table 68 Asia Pacific Algaecides Market Outlook, By Dyes & Colorants (2021-2030) ($MN)
- Table 69 Asia Pacific Algaecides Market Outlook, By Copper Sulfate (2021-2030) ($MN)
- Table 70 Asia Pacific Algaecides Market Outlook, By Peroxyacetic Acid & Hydrogen Dioxide (2021-2030) ($MN)
- Table 71 Asia Pacific Algaecides Market Outlook, By Other Types (2021-2030) ($MN)
- Table 72 Asia Pacific Algaecides Market Outlook, By Form (2021-2030) ($MN)
- Table 73 Asia Pacific Algaecides Market Outlook, By Pellet (2021-2030) ($MN)
- Table 74 Asia Pacific Algaecides Market Outlook, By Liquid (2021-2030) ($MN)
- Table 75 Asia Pacific Algaecides Market Outlook, By Granular Crystal (2021-2030) ($MN)
- Table 76 Asia Pacific Algaecides Market Outlook, By Mode of Action (2021-2030) ($MN)
- Table 77 Asia Pacific Algaecides Market Outlook, By Selective Algaecides (2021-2030) ($MN)
- Table 78 Asia Pacific Algaecides Market Outlook, By Non-Selective Algaecides (2021-2030) ($MN)
- Table 79 Asia Pacific Algaecides Market Outlook, By Application (2021-2030) ($MN)
- Table 80 Asia Pacific Algaecides Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 81 Asia Pacific Algaecides Market Outlook, By Aquaculture (2021-2030) ($MN)
- Table 82 Asia Pacific Algaecides Market Outlook, By Sports & Recreational Centers (2021-2030) ($MN)
- Table 83 Asia Pacific Algaecides Market Outlook, By Surface Water Treatment (2021-2030) ($MN)
- Table 84 Asia Pacific Algaecides Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 85 South America Algaecides Market Outlook, By Country (2021-2030) ($MN)
- Table 86 South America Algaecides Market Outlook, By Type (2021-2030) ($MN)
- Table 87 South America Algaecides Market Outlook, By Chelated Copper (2021-2030) ($MN)
- Table 88 South America Algaecides Market Outlook, By Quaternary Ammonium Compounds (2021-2030) ($MN)
- Table 89 South America Algaecides Market Outlook, By Dyes & Colorants (2021-2030) ($MN)
- Table 90 South America Algaecides Market Outlook, By Copper Sulfate (2021-2030) ($MN)
- Table 91 South America Algaecides Market Outlook, By Peroxyacetic Acid & Hydrogen Dioxide (2021-2030) ($MN)
- Table 92 South America Algaecides Market Outlook, By Other Types (2021-2030) ($MN)
- Table 93 South America Algaecides Market Outlook, By Form (2021-2030) ($MN)
- Table 94 South America Algaecides Market Outlook, By Pellet (2021-2030) ($MN)
- Table 95 South America Algaecides Market Outlook, By Liquid (2021-2030) ($MN)
- Table 96 South America Algaecides Market Outlook, By Granular Crystal (2021-2030) ($MN)
- Table 97 South America Algaecides Market Outlook, By Mode of Action (2021-2030) ($MN)
- Table 98 South America Algaecides Market Outlook, By Selective Algaecides (2021-2030) ($MN)
- Table 99 South America Algaecides Market Outlook, By Non-Selective Algaecides (2021-2030) ($MN)
- Table 100 South America Algaecides Market Outlook, By Application (2021-2030) ($MN)
- Table 101 South America Algaecides Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 102 South America Algaecides Market Outlook, By Aquaculture (2021-2030) ($MN)
- Table 103 South America Algaecides Market Outlook, By Sports & Recreational Centers (2021-2030) ($MN)
- Table 104 South America Algaecides Market Outlook, By Surface Water Treatment (2021-2030) ($MN)
- Table 105 South America Algaecides Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 106 Middle East & Africa Algaecides Market Outlook, By Country (2021-2030) ($MN)
- Table 107 Middle East & Africa Algaecides Market Outlook, By Type (2021-2030) ($MN)
- Table 108 Middle East & Africa Algaecides Market Outlook, By Chelated Copper (2021-2030) ($MN)
- Table 109 Middle East & Africa Algaecides Market Outlook, By Quaternary Ammonium Compounds (2021-2030) ($MN)
- Table 110 Middle East & Africa Algaecides Market Outlook, By Dyes & Colorants (2021-2030) ($MN)
- Table 111 Middle East & Africa Algaecides Market Outlook, By Copper Sulfate (2021-2030) ($MN)
- Table 112 Middle East & Africa Algaecides Market Outlook, By Peroxyacetic Acid & Hydrogen Dioxide (2021-2030) ($MN)
- Table 113 Middle East & Africa Algaecides Market Outlook, By Other Types (2021-2030) ($MN)
- Table 114 Middle East & Africa Algaecides Market Outlook, By Form (2021-2030) ($MN)
- Table 115 Middle East & Africa Algaecides Market Outlook, By Pellet (2021-2030) ($MN)
- Table 116 Middle East & Africa Algaecides Market Outlook, By Liquid (2021-2030) ($MN)
- Table 117 Middle East & Africa Algaecides Market Outlook, By Granular Crystal (2021-2030) ($MN)
- Table 118 Middle East & Africa Algaecides Market Outlook, By Mode of Action (2021-2030) ($MN)
- Table 119 Middle East & Africa Algaecides Market Outlook, By Selective Algaecides (2021-2030) ($MN)
- Table 120 Middle East & Africa Algaecides Market Outlook, By Non-Selective Algaecides (2021-2030) ($MN)
- Table 121 Middle East & Africa Algaecides Market Outlook, By Application (2021-2030) ($MN)
- Table 122 Middle East & Africa Algaecides Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 123 Middle East & Africa Algaecides Market Outlook, By Aquaculture (2021-2030) ($MN)
- Table 124 Middle East & Africa Algaecides Market Outlook, By Sports & Recreational Centers (2021-2030) ($MN)
- Table 125 Middle East & Africa Algaecides Market Outlook, By Surface Water Treatment (2021-2030) ($MN)
- Table 126 Middle East & Africa Algaecides Market Outlook, By Other Applications (2021-2030) ($MN)
