Algaecide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Algaecide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : March, 2023 | Chemical & Materials

Report Digest

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:

  • Liquid
  • Granular
  • Crystal
  • Pellet

On the basis of Mode of Action, the global Algaecide market is divided into:

  • Selective
  • Non-Selective
    • Quarternary ammonium
    • Copper Sulphate
    • Others

On the basis of application, the global Algaecide market is divided into:

  • Sports and Recreational Centres
    • Water Parks
    • Swimming Pools
    • Other 
  • Surface Water
  • Aquaculture
  • Agriculture
  • Others

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:

  • Market Segments
  • Market Dynamics
  • Market Size & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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:

  • A detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?