The global algaecides market is projected to grow significantly from an estimated value of USD 1.91 billion in 2016 to USD 2.79 billion by 2022, at a CAGR of 6.52%.
The algaecides market has been gaining importance due to the need to avert the extensive pollution and environment degradation caused by the growing industrialization activities. High efficiency of algaecides and ease of use has resulted in an increased demand for algaecide application for water treatment. The government authorities of various countries have established various laws and regulations for controlling algal growth and the need for approval on the use of algaecides, which acts as a restraining factor for the algaecides market.
“Aquaculture segment is projected to be the fasting growing application segment of algaecides” The application of algaecides in the aquaculture industry accounted for the largest share in 2015, and is projected to grow at the highest CAGR during the forecast period. The fish and mussel farmers along the coastlines face the issue of frequent algal blooms in North America and Latin America; hence, a strong demand for algaecides is expected from the aquaculture sector in these regions in the next few years.
“Copper sulfate was the largest algaecide segment, by type, in 2015” Copper sulfate solution is a traditional and most commonly used active ingredient to kill and control the growth of algae due to its effectiveness against all species of algae and its increasing usage in wastewater treatment. The quaternary ammonium compounds segment has been estimated to be the second largest algaecide type, in 2016.
“North America: The largest and fastest-growing algaecides market” North America is projected to be the fastest-growing regional market between 2016 and 2022. It was also the largest market for algaecides in 2015. Nutrient pollution, which leads to algal blooms is one of the critical, costly, and challenging environmental problems which is widespread in North America. Hence, with the aid of efficient infrastructure, government initiatives, and innovations resulting from research & development, the algaecides market is projected to grow at the highest rate in this region.
Break-up of Primaries: - By Company Type – Tier 1- 30%, Tier 2- 45%, Tier 3- 25% - By Designation – C level-15%, Directors-11%, Others- 74% - By Region – Asia-Pacific- 39%, Latin America-25%, Europe-17%, North America-11%, RoW-8%
Leading players profiled in this report are as follows: - BASF SE (Germany) - The Dow Chemical Company (U.S.) - Nufarm Limited (Australia) - Lonza Group AG (Switzerland) - UPL Limited (India) - SePRO Corporation (U.S.) - Waterco Limited (Australia) - BioSafe Systems, LLC (U.S.) - Airmax, Inc. (U.S.) - Oreq Corporation (U.S.)
Study Coverage: The algaecides market has been segmented on the basis of type, application, mode of action, and form, which are further divided into their sub-segments. It has also been segmented on the basis of region into North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW).
Reasons to buy this report: - To get a comprehensive overview of the global algaecides market - To gain wide ranging information about the top players in this industry, their product portfolios, and key strategies adopted by the players. - To gain insights of the countries/regions in the algaecides industry
Our reports have been used by over 10K customers, including:
According to MarketsandMarkets, the global insect pest control market size is estimated to be valued at USD 12.3 billion in 2021 and projected to reach USD 15.8 billion by 2026, recording a CAGR of 5.1% during the forecast period. The global insect pest control market is witnessing a growth trend due to factors such as developing economies,...
The pest control market is estimated at USD 22.7 billion in 2021 and is projected to grow at a CAGR of 5.1% to reach USD 29.1 billion by 2026. The growth of the pest control market is driven by the advancements in insecticide formulations and increased urbanization activity and the creation of megacities, which have had a profound impact on...
The global Crop protection chemicals size is estimated to be valued USD 63.7 billion in 2020 and is projected to reach a value of USD 74.1 billion by 2025, growing at a CAGR of 3.1% during the forecast period. The growth of this market is attributed to an increasing need for food security of the growing population. One of the major challenges...
South America Agrochemicals Market is projected to register a CAGR of 4.1% during the forecast period(202-2025). South America occupies the first position as an exporter of sugar, coffee, orange juice, soybean, and soybean oil, and the second position for corn and soybean meal. The food safety issues and the need for sustainable agriculture...
The Global Agrochemicals Market is projected to register a CAGR of 4% during the forecast period(2020-2025). The rising population across the world, accompanied by rising affluence, is seeing a shift in consumption patterns. There is a need to not just increase production to meet demand but also to ensure that the nutritional needs of an increasingly...
The bioinsecticides market dominated the global biopesticides market during the forecast period. The global biopesticides market size is projected to grow at a CAGR of 14.7% from an estimated value of USD 4.3billion in 2020 to reach USD 8.5billion by 2025.The market has been gaining wide importance among farmers to produce...
The bioinsecticides market is projected to grow at a CAGR of 15.8% during the forecast period. The global bioinsecticides market size is projected to grow at a CAGR of 15.8% from an estimated value of USD 2.2billion in 2020 to reach USD 4.6billion by 2025.The bioinsecticides industry has been gaining wide importance among...
The Asia Pacific Agricultural Biologicals market is accounted to US$ 1,164.2 Mn in 2018 and is expected to grow at a CAGR of 15.0% during the forecast period 2019 – 2027, to account to US$ 4,046.0 Mn by 2027. Agricultural biologicals comprises of a broad range of plant extracts, insects, microbials, and other agricultural biologicals...
The global agricultural biological market accounted to US$ 7,148.8 Mn in 2018 and is expected to grow at a CAGR of 12.9% during the forecast period 2019 - 2027, to account to US$ 21,141.0 Mn by 2027. Agricultural biological constitutes a broad range of plant extracts, insects, microbials, and other agricultural biological materials, which...
The turf protection market is projected to grow at a CAGR of 4.45%. The turf protection market is estimated at USD 5.15 billion in 2017, and is projected to reach USD 6.41 billion by 2022, at a CAGR of 4.45% during the forecast period. The primary factors driving the turf protection market are in the rising demand from residential & commercial...
Research And Development
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.