Algaecides are considered as the chemicals which helps to restrict the growth of algae in lakes, ponds, pools and other water bodies. In recent times, they have gained popularity owing to its algal control property effective for the marine coastlines, freshwater lakes, or estuaries. Although, algae produces toxins which affects the quality of water in freshwater and marine environments and for humans. The action of algae relies upon certain criteria such as quantity of application, dynamic and chemistry of water and the species to be preserved.
MARKET DYNAMICS
The algaecides market has witnessed a significant growth owing to factors such as rapid Industrialization and the high pollution levels. Also, the focus on growth of aquaculture and agriculture is further expected to boost utilization. However, strict regulations and the continuous requirement for monitoring of aquatic pesticides are some of the factors which are projected to hamper the algaecides market growth over the projected period. Moreover, the primary trend followed in the algaecides market is progress in emerging markets along with aesthetic value associated with the demand of the product is expected to boost its utilization.
MARKET SCOPE
The "Global Algaecides Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the algaecides market with detailed market segmentation by type, form, mode of action, application, and geography. The global algaecides market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading algaecides market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global algaecides market is segmented on the basis of type, form, mode of action, and application. On the basis of type, the algaecides market is segmented into copper sulfate, quaternary ammonium compounds, chelated copper, peroxyacetic acid & hydrogen dioxide, dyes & colorants and other algaecides & disinfectants. The algaecides market on the basis of the form is classified into granular crystal, liquid and pellet. The algaecides market on the basis of the mode of action is classified into non-selective algaecides and selective algaecides. The algaecides market on the basis of the application is classified into surface water treatment, aquaculture, sports & recreational centers, agriculture and other applications.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global algaecides market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The algaecides market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the algaecides market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the algaecides market in these regions.
MARKET PLAYERS
The reports cover key developments in the algaecides market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from algaecides market are anticipated to lucrative growth opportunities in the future with the rising demand for algaecides in the global market. Below mentioned is the list of few companies engaged in the algaecides market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the algaecides market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Airmax, Inc.
- Aquatic Technologies
- BASF SE
- Biosafe Systems, LLC
- Lenntech B.V.
- N. Jonas & Company, Inc.
- Oreq Corporation
- SANCO INDUSTRIES, INC.
- Sepro Corporation
- Waterco Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.