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In-Depth Analysis of the Algaecides Market: Growth Opportunities, Key Trends, and Forecast 2025-2034

02-21-2025 08:22 AM CET | Chemicals & Materials

Press release from: The Business Research Company

Algaecides Market

Algaecides Market

Which drivers are expected to have the greatest impact on the over the algaecides market's growth?
The surge in industrial growth and accompanying pollution levels are predicted to spur the expansion of the algaecides market. Industrialization involves the transformation of an economy from a primarily agricultural model to one based on manufacturing. This industrial growth has triggered environmental harm in the form of industrial pollution, but algaecides can help mitigate these pollutants. For example, the India Brand Equity Foundation, a government export promotion agency from India, stated that India could potentially transform into a global manufacturing hub, adding more than USD 500 billion annually to the global economy by 2030. Hence, the rise in industrialization and the ensuing pollution levels are fueling the algaecides market.

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What is the future CAGR of the algaecides market, and how will it impact industry expansion?
The size of the algaecides market has experienced rapid growth in the past few years. It is predicted to expand from $3.9 billion in 2024 to $4.31 billion in 2025, with a compound annual growth rate (CAGR) of 10.6%. The factors contributing to this growth during the historic period include the increase in water pollution, the surge in agricultural activities, the expansion of the aquaculture industry, growing concern and awareness about environmental conservation, and the rise of industrialization.

The market for algaecides is forecasted to experience swift expansion in the coming years, ballooning to $6.82 billion by 2029, with a 12.1% Compound Annual Growth Rate (CAGR). This progression over the forecast period can be linked to factors such as economic development, a booming tourism sector, increasing urbanization, growing need for untainted water, and enhanced government backing. There is an anticipation of trends in the forecast period such as eco-friendly algaecides, solutions excluding chemicals, tailored resolutions, innovative concoctions, and increased collaboration and alliances.

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What are the most significant trends transforming the algaecides market today?
The rise in product innovations is a notable trend in the algaecides market, growing in popularity. To fortify their market standing, dominant companies are introducing novel products. For example, ARQUIMEA, a Spain-based agritech company, introduced a biological and biodegradable algaecide, BIO100, in January 2023. BIO100, which is composed of natural, non-chemical elements, represents a significant innovation in the algaecides market as it brings together the features of a biological algaecide and a sunscreen. It was uniquely designed to protect agricultural soils, the natural environment, and adjacent regions.

Which key market segments comprise the algaecides market and drive its revenue growth?
The algaecides market covered in this report is segmented -

1) By Type: Copper Sulfate, Chelated Copper, Quaternary Ammonium Compounds, Peroxyacetic Acid And Hydrogen Dioxide, Other Types
2) By Form: Granular crystal, Liquid, Pellet
3) By Application: Surface Water Treatment, Aquaculture, Sports and Recreational centers, Agriculture, Other Application

Subsegments:
1) By Copper Sulfate: Granular Copper Sulfate, Liquid Copper Sulfate
2) By Chelated Copper: Ethylenediaminetetraacetic Acid (EDTA) Copper Complex, Triethanolamine (TEA) Copper Complex, Other Chelated Copper Forms
3) By Quaternary Ammonium Compounds: Benzalkonium Chloride, Dodecyl Dimethyl Benzyl Ammonium Chloride (DDAC), Other Quaternary Ammonium Compounds
4) By Peroxyacetic Acid and Hydrogen Dioxide: Stabilized Hydrogen Peroxide, Combination Blends
5) By Other Types: Sodium Carbonate Peroxyhydrate, Herbicide-Based Algaecides, Natural Algaecides

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What regions are at the forefront of algaecides market expansion?
North America was the largest region in the algaecides market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the algaecides market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the leading players fueling growth in the algaecides market?
Major companies operating in the algaecides market include BASF SE, N. Jonas & Company Inc., Sanco Industries Inc., Lonza Group AG, UPL Aquatics, SePRO Corporation, Nouryon, Kemira Oyj, Adama Agricultural Solutions, BioSafe Systems, Waterco Limited, Lake Restoration Inc., BioGuard, Oreq Corporation, Olin Corporation, Valagro SpA, Diquat Dibromide, Arch Chemicals, Acuro Organics Limited, Boxer Adjuvant, Control Solutions Inc., Blue Lagoon Products Ltd., Sinofi Ingredients, ACUINOVA - ACTIVIDADES PISCICOLAS S A, Precision Laboratories LLC, Wilbur-Ellis Company, Chautauqua Chemicals Co Inc., Atlantic Laboratories Corporation Ltd.

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What Is Covered In The Algaecides Global Market Report?

•Market Size Forecast: Examine the algaecides market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the algaecides market for a structured understanding.
•Key Players Overview: Analyze major players in the algaecides market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the algaecides market.
•Segment Contributions: Evaluate how different segments drive overall growth in the algaecides market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the algaecides market.
•Industry Challenges: Identify potential risks and obstacles affecting the algaecides market.
•Competitive Landscape: Review strategic developments in the algaecides market, including expansions, agreements, and new product launches.

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