Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Algaecides Market – Forecasted from 2019 to 2026”.
The prime factor driving the growth of the algaecides market is the increasing industrial agriculture and changing climatic conditions around the globe that are leading to water contamination through algae bloom.
As per the report, the Algaecides Market is projected to grow at a CAGR of 4.33% to reach US$2.845 billion by 2026, from US$2.115 billion in 2019.
Algaecides are the chemicals that are used in the water bodies like pools, lakes, ponds, etc. to prevent algae growth. Changing climatic conditions due to increasing carbon dioxide levels, acid rains and rising industrial agriculture are resulting in heavy algae blooms which are expected to increase the use of algaecides in the future. Besides that, the rise of aquaculture may result in the increasing use of algaecides in the future to protect aquatic life from algae. Algaecides are also used in swimming pools mainly due to the growing awareness among people to swim in algae-free pools.
Based on type, algaecides are available in the form of chemicals like copper sulfate, Chelated Copper, Quaternary Ammonia, Peroxyacetic Acid & Hydrogen Dioxide, etc.
Based on application, algaecides are used in aquaculture, agriculture, and surface water treatment of which aquaculture holds the majority portion. Algae bloom and algae growth have proved very harmful to the aquatic organisms and thus to eradicate its growth, algaecides are widely in demand. Besides that, the increasing fish consumption trend is expected to continue in the future which develops the need for increased productivity in aquaculture. Owing to this, algaecides play a vital role in aquaculture and the market is expected to grow in the future.
Based on geography segmentation, North America and Europe hold a dominating market share are expected to continue the trend. Of the two, North America holds a significant part of the share mainly due to the well-established aquaculture in Canada and USA. The measures to control the water pollution and the concerns regarding algae bloom are expected to increase the use of algaecide in North America.
As a part of the report, the major players operating in the algaecides market, that have been covered are Lenntech B.V., BASF Corporation, N. Jonas & Company, SePRO Corporation, SANCO Industries Inc., The Dow Chemical Company, Airmax Inc., Waterco, LLC, Lonza, BioSafe Systems.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/algaecides-market
This analytics report segments the algaecides market on the following basis
- By Type
- Copper Sulfate
- Quaternary Ammonia
- Peroxyacetic Acid & Hydrogen Dioxide
- Chelated Copper
- By Application
- Surface Water Treatment
- By Geography
- North America
- South America
- United Kingdom
- Saudi Arabia
- The Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America