Global Algae Treatment Chemical Market Size Study, by Product Type, by Algae Type, by Form, by End-use Industry and Regional Forecasts 2022-2032

Description

The Global Algae Treatment Chemical Market is valued at approximately USD 3,070 million in 2023 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2024-2034. The algae treatment chemical industry is expected to rise over 1.5x through 2032, accompanied by a 1.0% increase in the projected CAGR compared to the historical one. This growth is driven by increased concerns about water pollution, harmful algal blooms, and stringent regulatory frameworks regulating water quality.

The market is anticipated to be propelled by sectors such as municipal water treatment, agriculture, aquaculture, and industrial processes seeking effective methods to combat algal proliferation. With a growing emphasis on sustainability and environmental stewardship, the industry is set to surge by 2034, meeting diverse industry needs.

The demand for algae treatment chemicals is growing exponentially as industries prioritize environmental sustainability and regulatory compliance. Concerns regarding algae bloom and water pollution drive the need for efficient algae treatment technologies for energy generation and food processing, emphasizing chemical algae treatments for sustainable business practices.

Bio-based and sustainable chemicals are gaining traction compared to conventional chemical treatments, fueling market growth. Products derived from renewable resources and with minimal environmental impact are increasingly in demand from consumers, leading companies, and regulatory agencies. Governments worldwide are implementing robust environmental rules and regulations to manage and prevent algae blooms, surging demand for algae treatment chemicals.

Novel chemical formulations, biological therapies, and algae monitoring systems are gaining traction in the industry. There is a growing need for chemicals used in algae treatment due to concerns about pollution in water bodies like lakes, ponds, and other aquatic ecosystems. Algal blooms can negatively impact aquatic ecosystems, human health, and water quality, making efficient remediation methods imperative. The chemicals are widely utilized in wastewater, agriculture, aquaculture, and water treatment, with growing market potential. International funding for water infrastructure projects, particularly from emerging nations, is further projected to boost demand.

The key regions considered for the Global Algae Treatment Chemical Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Algae Treatment Chemical Market in terms of revenue. The growth of the algae treatment chemical market in North America is driven by increasing awareness of water quality, stringent environmental regulations, rising industrial and municipal wastewater treatment needs, technological advancements in treatment methods, and the growing importance of algae control in aquaculture and recreational water bodies. These factors collectively boost demand for effective algae treatment solutions. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period 2024-2032.

Major market players included in this report are:

Applied Biochemists
BioSafe Systems LLC
LG Sonic
Ocean Harvest Technology
SePRO Corporation
BASF SE
Nalco Water (an Ecolab Company)
Kemira Oyj
Solenis LLC
Corteva Agriscience
USA Water Services Corporation
BioPetroClean
Algaecytes Ltd.
Accepta
Evoqua Water Technologies

The detailed segments and sub-segment of the market are explained below:

By Product Type:

Algaecides
Coagulants and Flocculants
pH Adjusters
Oxidizers
Biocides
Nutrient Reduction Chemicals
Others

By Algae Type:

Macroalgae
Microalgae

By Form:

Liquid
Solid

By End-use Industry:

Municipal Water Treatment
Industrial Water Treatment
Agriculture
Healthcare and Pharmaceuticals
Food and Beverage
Others

Common content for Report Description:

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Algae Treatment Chemical Market Executive Summary

1.1. Global Algae Treatment Chemical Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product Type
- 1.3.2. By Algae Type
- 1.3.3. By Form
- 1.3.4. By End-use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Algae Treatment Chemical Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Algae Treatment Chemical Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Awareness of Water Pollution
- 3.1.2. Stringent Regulatory Frameworks
- 3.1.3. Sustainability and Environmental Stewardship
3.2. Market Challenges
- 3.2.1. High Costs of Algae Treatment Chemicals
3.3. Market Opportunities
- 3.3.1. Novel Chemical Formulations and Biological Therapies
- 3.3.2. Growing Funding for Water Infrastructure Projects

Chapter 4. Global Algae Treatment Chemical Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Algae Treatment Chemical Market Size & Forecasts by Product Type 2022-2032

5.1. Segment Dashboard
5.2. Global Algae Treatment Chemical Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Algaecides
- 5.2.2. Coagulants and Flocculants
- 5.2.3. pH Adjusters
- 5.2.4. Oxidizers
- 5.2.5. Biocides
- 5.2.6. Nutrient Reduction Chemicals
- 5.2.7. Others

Chapter 6. Global Algae Treatment Chemical Market Size & Forecasts by Algae Type 2022-2032

6.1. Segment Dashboard
6.2. Global Algae Treatment Chemical Market: Algae Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Macroalgae
- 6.2.2. Microalgae

Chapter 7. Global Algae Treatment Chemical Market Size & Forecasts by Form 2022-2032

7.1. Segment Dashboard
7.2. Global Algae Treatment Chemical Market: Form Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Liquid
- 7.2.2. Solid

Chapter 8. Global Algae Treatment Chemical Market Size & Forecasts by End-use Industry 2022-2032

8.1. Segment Dashboard
8.2. Global Algae Treatment Chemical Market: End-use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 8.2.1. Municipal Water Treatment
- 8.2.2. Industrial Water Treatment
- 8.2.3. Agriculture
- 8.2.4. Healthcare and Pharmaceuticals
- 8.2.5. Food and Beverage
- 8.2.6. Others

Chapter 9. Global Algae Treatment Chemical Market Size & Forecasts by Region 2022-2032

9.1. North America Algae Treatment Chemical Market
- 9.1.1. U.S. Algae Treatment Chemical Market
  - 9.1.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Algae Type breakdown size & forecasts, 2022-2032
  - 9.1.1.3. Form breakdown size & forecasts, 2022-2032
  - 9.1.1.4. End-use Industry breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Algae Treatment Chemical Market
9.2. Europe Algae Treatment Chemical Market
- 9.2.1. U.K. Algae Treatment Chemical Market
- 9.2.2. Germany Algae Treatment Chemical Market
- 9.2.3. France Algae Treatment Chemical Market
- 9.2.4. Spain Algae Treatment Chemical Market
- 9.2.5. Italy Algae Treatment Chemical Market
- 9.2.6. Rest of Europe Algae Treatment Chemical Market
9.3. Asia Pacific Algae Treatment Chemical Market
- 9.3.1. China Algae Treatment Chemical Market
- 9.3.2. India Algae Treatment Chemical Market
- 9.3.3. Japan Algae Treatment Chemical Market
- 9.3.4. Australia Algae Treatment Chemical Market
- 9.3.5. South Korea Algae Treatment Chemical Market
- 9.3.6. Rest of Asia Pacific Algae Treatment Chemical Market
9.4. Latin America Algae Treatment Chemical Market
- 9.4.1. Brazil Algae Treatment Chemical Market
- 9.4.2. Mexico Algae Treatment Chemical Market
- 9.4.3. Rest of Latin America Algae Treatment Chemical Market
9.5. Middle East & Africa Algae Treatment Chemical Market
- 9.5.1. Saudi Arabia Algae Treatment Chemical Market
- 9.5.2. South Africa Algae Treatment Chemical Market
- 9.5.3. Rest of Middle East & Africa Algae Treatment Chemical Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Applied Biochemists
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. BioSafe Systems LLC
- 10.3.3. LG Sonic
- 10.3.4. Ocean Harvest Technology
- 10.3.5. SePRO Corporation
- 10.3.6. BASF SE
- 10.3.7. Nalco Water (an Ecolab Company)
- 10.3.8. Kemira Oyj
- 10.3.9. Solenis LLC
- 10.3.10. Corteva Agriscience

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes