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Algaecides Market Research Report 2022 Growth, Recent Trends And Forecast To 2031 - BASF SE, N. Jonas & Company Inc, Sanco Industries Inc, Lonza Group AG, UPL Aquatics
Algaecides Market
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The global algaecides market report by the business research company identifies Increasing industrialization and the resultant pollution levels to be a major growth driver for the algaecides market. Industrialization refers to the process, by which an economy is converted from a primarily agricultural one to one based on the manufacturing of goods. The industrialization has led to environmental degradation in terms of industrial pollution, algaecides are helpful in the prevention of these pollutants. For instance, according to India Brand Equity Foundation, an India-based government export promotion agency, India has the potential to become a global manufacturing hub and by 2030, it can add more than US$ 500 billion annually to the global economy. Therefore, increasing industrialization and the resultant pollution levels are driving the algaecide market.
The global algaecides market size is expected to grow from $2.88 billion in 2021 to $3.10 billion in 2022 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The algaecides market is expected to grow to $4.15 billion in 2026 at a compound annual growth rate (CAGR) of 7.6%.
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North America was the largest region in the algaecides market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in algaecides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the algaecides market are BASF SE, N. Jonas & Company Inc, Sanco Industries Inc, Lonza Group AG, UPL Aquatics, SePRO Corporation, Waterco, BioSafe Systems LLC, Oreq Corporation, Aquatic Technologies, The Dow Chemical Company, Phoenix Products Co, Expertos en Piscinas y Spas AstralPool, Weifang Maochen Chemical Co. Ltd., and Airmax.
The global algaecides market is segmented -
1) By Type: Copper Sulfate, Chelated Copper, Quaternary Ammonium Compounds, Peroxyacetic Acid And Hydrogen Dioxide, Other Type
2) By Form: Granular Crystal, Liquid, Pellet
3) By Application: Surface Water Treatment, Aquaculture, Sports And Recreational Centres, Agriculture, Other Application
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The Algaecides Market Report Contents Include
1. Executive Summary
2. Algaecides Market Characteristics
3. Algaecides Market Trends And Strategies
4. Algaecides Market - Macro Economic Scenario
5. Algaecides Market Size And Growth
....
28. Key Mergers And Acquisitions In The Algaecides Market
29. Algaecides Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the algaecides market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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