Global Algaecides Market Size By Type, By Form, By Application, By Mode of Action, By Geographic Scope And Forecast
Algaecides Market Size And Forecast
Algaecides Market was valued at USD 2.29 billion in 2019 and is projected to reach USD 3.67 billion by 2027, growing at a CAGR of 6.51% from 2020 to 2027.
Global Algaecide Market Overview
The rise in the level of industrialization has led to the emission of effluents in the water bodies and land which creates a breeding ground for algal growth which further degrades the biology of the surrounding environment. If left untreated for a longer period of time, algal growth can have an adverse impact on the surrounding environment leading to degradation. In order to curb the growth of different species of algae coupled with the stringent environmental regulations norms, the demand for Algaecide to treat these algae species have contributed to the growth of the market.
Global Algaecides Market: Segmentation Analysis
The Global Algaecides Market is segmented based on Type, Form, Application, Mode of Action, and Geography.
Key Players In Algaecides Market
The Global Algaecides Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
- BASF SE
- Nufarm Limited
- Lonza Group AG
- UPL Limited
- Waterco Limited
- Sepro Corporation
- The DOW Chemical Company
- Biosafe Systems, LLC
- Airmax, Inc.
- Oreq Corporation
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Global Algaecides Market
The global Algaecides market was valued at USD 1.91 billion in 2016 and is projected to reach USD 3.36 billion by 2025, growing at a CAGR of 6.51% from 2017 to 2025.
Algaecide or algaecide is a biocide used for killing and preventing the growth of algae. Due to increasing algal bloom cases caused by industrial waste disposal and cost ...