Algaecides Market to Perceive Excellent CAGR of 6.9% by 2029

Data Bridge Market Research analyses that the algaecides market is expected to reach the value of USD 7,127.56 million by the year 2029, at a CAGR of 6.9% during the forecast period. "Aquaculture" accounts for the most prominent application segment in the respective market owing to rise in algaecides in water fields. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

The algaecides are widely used to kill algae and prevent their growth. It is used to kill phytoplankton and also used to prevent or reduce large blooms. It is available in the market in different forms such as liquid, granular, and pallets. It is injected into or sprayed onto surface waters. Rising demand for algaecides in various end use applications such as aquaculture and surface water treatment and a spike in demand for air conditioning systems are drivers for the global algaecides market.

Recent Developments

In May 2022, Lonza and ALSA ventures collaborated to provide development and manufacturing services for biotech firms. Lonza will support ALSA Ventures' portfolio companies with services supporting de-risking, early development, and manufacturing of next-generation modalities. This will help the company to expand its businesses.

In October 2020, SePRO Corporation, an aquatics industry leader, signed an agreement to acquire Applied Biochemists and Marine Biochemists, innovators in surface water management, and other select business assets from Innovative Water Care, LLC d/b/a Sigura. This helped company to tap into a new set of resources to accelerate continued innovation and customer engagement.

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Market Definition

Algaecide is used to kill and prevent the growth of algae or cyanobacteria. They are two types of algaecide, which comprise natural and synthetic algaecides. They are usually used to prevent filamentous, branched, as well as planktonic algae. Algaecide depends upon some factors such as quantities of application, water chemistry, and product formulation, among others. There are various types of algaecides

Copper Sulfate: (CuSO4) is an inorganic compound and is widely used to prevent blue-green algae as blue-green algae are more sensitive to the effects of copper than other algae.

Chelated Copper: It works better than copper sulfate algaecides as it prevents both filamentous and planktonic algae.

Quaternary Ammonium Compounds: It works better against the green algae as it destroys their cellular membrane. It is not expensive and widely used for swimming pools.

Peroxyacetic Acid & Hydrogen Dioxide: It is a non-toxic algaecide that oxidizes fungi (including spores), bacteria, and viruses. It works on phytopathogenic organisms.

Dyes & Colorants: It is a type of algaecide that enhances the appearance of water features with a colorant such as blue. It also controls the growth of several types of aquatic weeds and algae.

Regulatory Framework

Regulation (EU) No 528/2012, stated that, Alguinet, with the active substance copper sulphate pentahydrate, at a level of 100% w/w, may be authorized for use as an algaecide (product-type 02) for the control of algal growth by trained professional, professional and non-professional users

Global Algaecides Market Segmentation:

The global algaecides market is segmented on the basis of type, mode of action, form, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Copper Sulfate
Chelated Copper
Quaternary Ammonium Compounds
Peroxyacetic Acid & Hydrogen Dioxide
Dyes and Colorants

On the basis of type, the global algaecides market is segmented into copper sulfate, quaternary ammonium compounds, chelated copper, peroxyacetic acid & hydrogen dioxide, dyes & colorants, other.

Mode of Action

Non-Selective
Selective
On the basis of mode of action, the global algaecides market is segmented into non-selective and selective.

Form

Liquid
Dry
On the basis of form, global algaecides market is segmented into liquid and dry.

Application

Surface Water Treatment
Aquaculture
Sports & Recreational Centers
Agriculture

On the basis of application, the global algaecides market is segmented into surface water treatment, aquaculture, sports & recreational centers, agriculture, and others.

Distribution Channel

Indirect
Direct
On the basis of distribution channel, the global algaecides market is segmented into indirect and direct.

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Competitive Landscape and Algaecides Market Share Analysis

The global algaecides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global algaecides market.

Some of the major players operating in the algaecides market are BASF SE, Lonza, SePRO Corporation, BioSafe Systems, LLC, N. Jonas & Company, Inc., UPL, Phoenix Products Co., Weifang Maochen Chemical Co., Ltd., Airmax, Oreq among others.

Key Question Answered in Report.

What are the strengths and weaknesses of the Algaecides Market?
What are the different marketing and distribution channels?
What is the current CAGR of the Algaecides Market?
What are the Algaecides market opportunities in front of the market?
What are the highest competitors in Algaecides market?
What are the key outcomes of SWOT and Porter's five techniques?
What is the Algaecides market size and growth rate in the forecast period?

Table of Contents:

Chapter 1: Algaecides Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Algaecides Market Competition by Manufacturers
Chapter 4: Global Algaecides Production, Revenue (Value) by Region
Chapter 5: Global Algaecides Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Algaecides Market Effect Factors Analysis
Chapter 12: Global Algaecides Market Forecast

TOC of This Report @https://www.databridgemarketresearch.com/toc/?dbmr=global-algaecides-market

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