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 benefits of the product, the market is expected to grow at a high CAGR.
1. Market Drivers
1.1 High Efficiency and Ease of Use
1.2 Increasing Industrialization and the Resultant Pollution Levels
2. Market Restraints
2.1 Regulatory Issues
2.2 Constraints in operational procedure
2.3 Aquatic pesticide monitoring
1. By Mode of Action:
1.1 Non-Selective Algaecides
1.2 Selective Algaecides
2. By Form:
2.1 Granular Crystal
3. By Application:
3.1 Surface Water Treatment
3.3 Sports & Recreational Centers
3.5 Other Applications
4. By Type:
4.1 Copper Sulfate
4.2 Quaternary Ammonium Compounds
4.3 Chelated Copper
4.4 Peroxyacetic Acid & Hydrogen Dioxide
4.5 Dyes & Colorants
4.6 Other Algaecides & Disinfectants
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
2. Nufarm Limited
3. Lonza Group AG
4. UPL Limited
5. Waterco Limited
6. Sepro Corporation
7. The DOW Chemical Company
8. Biosafe Systems, LLC
9. Airmax, Inc.
10. Oreq Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Algaecidesmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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