Algaecides Market - Forecasts from 2018 to 2023
The global algaecides market was valued at US$1.770 billion in 2017 and is projected to expand at a CAGR of 5.94% over the forecast period to reach US$2.502 billion by 2023. Algaecides are chemicals which are used for the eradication of algae growth in lakes, ponds, pools and other water bodies. Most algaecides are effective against green algae. It is quite difficult to kill black algae because of its waxy coating; hence most algaecides are designed to remove black algae. Available algaecides include copper sulphate, chelated copper and quaternary ammonia among others. North America and Europe hold a significant market share while Asia-Pacific is the fastest growing market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical region. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Algaecides value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global algaecides market.
Major industry players profiled as part of the report are BASF Corporation, The Dow Chemical Company, SePRO Corporation, Linntech B.V., Waterco and Lonza among others.
The global Algaecides market has been analysed through following segments:
Surface water treatment
Europe Middle East and Africa