Algaecide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Algaecide Market: An Overview
Algaecides are class of biocides used for terminating growth of algae. They are typically applied in waterbodies by injecting the targeted algaecide into the floating mat of algae. Selective algaecides should be used depending on the species. Incomplete eradication of algae from the water bodies and recurring use of algae increasing the demand of algae in the market. Algaecides are used not only in water bodies but also in sports and recreational centers, surface water treatment, aquaculture, agriculture and other niche applications. Algae prevention in the swimming pools has become one of the biggest challenges across the regions. Chlorine is usually used to terminate the algae present in the water. Thus, increasing the chlorine levels unexceptionally in the water. Selective algaecide application demand has been increased in the past half-decade owing to the algae termination. Quaternary ammonium compounds and copper sulfate compounds are typically used as a non-selective algaecide owing to its less hazardous nature. Moreover, its increasing awareness regarding biocides has increased its application in agriculture. Emerging applications and growing research regarding algaecide portrays a picture of growing algaecide demand across the regions. Demand of Algaecide is set to surge over the forecast period (2020-2030).
Demand Spike for Granular Algaecide is set to Define Algaecide Market
Liquid, granular, crystal and pellet are the four main forms of algaecide available in the market. Of which, granular has found attractive market share in the global algaecide market owing to its higher penetration into the cells of algae and higher dissolution in the water bodies. Followed by granular type, crystal form is being used in water bodies owing to its enhanced surface area for the termination of algae in the water. Liquid form is used when the algae is spread out across the water body owing its higher dispersion and area coverage in the water.
COVID-19 to Shatter the Algaecide Market
COVID-19 or Novel corona virus has not only shattered the movement of the people but also the production and trade of the major products in the market including algaecide. Increased production of essentials and force majeure of inessential products has disrupted the algaecide market. Demand shrink owing to the lockdown across the regions and shattered supply owing to the cease of trade of raw materials required to manufacture of algaecide. The market is set to remain the same till 2022 owing to the inflation across the regions. Reduction in buying power and budget constraints is set to hamper the algaecide market. Pandemic has hit the economy hard in the gut which is set to reflect on the global economy and chemicals market.
Algaecide Market: Segmentation
The global Algaecide market is bifurcated into four major segments: Form, Mode of Action, Application and region.
On the basis of Form, the global Algaecide market is divided into:
On the basis of Mode of Action, the global Algaecide market is divided into:
On the basis of application, the global Algaecide market is divided into:
Algaecide Market: Regional Outlook
The report on the global Algaecide market covers six major regions that include North America, Europe, Latin America, East Asia, South Asia & Oceania, and MEA. North America has driven the demand of algaecide market in the historical period of 2015-2019 owing to the awareness of the algaecide and its applications. Moreover, high per-capita income has integrated the algaecide into their market basket owing to the presence of high number of swimming pools and algaecide application in water bodies in United States. Europe followed by North America lies on the mature side of the PLC curve.
Europe and North America are hard hit regions of COVID-19. Massive lockdown has shrunk the supply of algaecide. Moreover, inflation set to follow post COVID-19 is set to negatively affect the demand till 3rd quarter of 2022
Algaecide Market: Key Players
Key Stakeholders in the global algaecide market are BASF SE, UPL Limited, Oreq Corporation, Biosafe systems, Dow chemical company, waterco Limited, Nufarm Limited,Se Pro Group, Lonza Group and others. The Algaecide market consists of well-diversified global and regional players with global vendors ruling the market.
The research report presents a comprehensive assessment of the algaecide market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The algaecide market report provides analysis and information, according to market segments such as geographies, form, application, and mode of action.
The Algaecide Market Report Covers Exhaustive Analysis On:
The Algaecide report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Algaecide report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Algaecide report also maps the qualitative impact of various market factors on market segments and geographies.
The Algaecide Market Report Highlights:
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report