Press release
Emerging Trends to Drive Algaecides Market Growth at 12.1% CAGR Through 2029
Algaecides Market Size
Algaecides Market Size Growth Forecast: What to Expect by 2025?
The market for algaecides is burgeoning, as evidenced by its significant expansion in recent years. It's projected to increase from $3.9 billion in 2024 to $4.31 billion in 2025, with a compound annual growth rate (CAGR) of 10.6%. This sizable growth in the historical period is due to an increase in water pollution, agricultural practices, the expanding aquaculture industry as well as heightened awareness and concern about environmental conservation and industrialization.
How Will the Algaecides Market Size Evolve and Grow by 2029?
In the foroming years, we anticipate a swift expansion in the algaecides market, which is projected to increase to $6.82 billion in 2029 with a compound annual growth rate (CAGR) of 12.1%. This anticipated growth during the forecast period is credited to factors such as economic development, burgeoning tourism sector, growing urbanization, increased need for pure water, and increased government backing. Key trends for the forecast period include the use of sustainable algaecides, non-chemical algaecide alternatives, tailored approaches, innovative concoctions, and collaborations and alliances.
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What Drivers Are Propelling the Growth of Algaecides Market Forward?
The expansion of the algaecides market is anticipated to be spurred by the growing levels of industrialization and the consequent pollution it brings. Industrialization involves the transition of an economy mainly centered on agriculture to one focused on producing goods. This industrialization has resulted in environmental deterioration due to industrial pollution, a situation where algaecides play a significant role in mitigating these pollutants. For instance, the India Brand Equity Foundation, a government agency promoting exports from India, has highlighted that India has the capacity to evolve into a major manufacturing center and can contribute over USD 500 billion annually to the global economy by 2030. As such, the advancement in industrialization and the correlated increase in pollution levels are fueling the growth of the algaecides market.
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Which Emerging Trends Are Transforming the Algaecides Market in 2025?
In the algaecides market, product innovation is emerging as a crucial trend. To solidify their market positioning, leading firms are venturing into new product development. ARQUIMEA, a Spanish agricultural technology company, for instance, unveiled BIO100, an organic and eco-friendly algaecide, in January 2023. Made from purely natural, chemical-free materials, BIO100 merges the properties of a biological algaecide with a sunscreen, leading to a ground-breaking algaecide variant. The product was exclusively crafted for the protection of agricultural soils, the environment, and the nearby vicinity.
What Are the Key Segments in the Algaecides Market?
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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Who Are the Key Players Shaping the Algaecides Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Algaecides Market?
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.
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Algaecides are biocides, which are used in eradicating or restricting the growth of algae or cyanobacteria. These compounds are used to treat various species of filamentous, branched, as well as planktonic algae. The mode of action of an algae can be selective as well as non-selective. The selectivity of an algaecide depends upon factors such as product formulation, water chemistry, quantity of application, and the species to be treated.
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