Algaecide Market Report: Trends, Forecast and Competitive Analysis to 2030

Algaecide Trends and Forecast

The future of the global algaecide market looks promising with opportunities in the surface water treatment, aquaculture, sports & recreational center, and agriculture markets. The global algaecide market is expected to grow with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are rise in product utilization in farming and expansion of the aquaculture and agriculture industries.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Algaecide by Segment

The study includes a forecast for the global algaecide by type, form, mode of action, application, and region.

Algaecide Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Copper Sulfate
• Chelated Copper
• Quaternary Ammonium Compound
• Peroxyacetic Acid & Hydrogen Dioxide
• Dyes & Colorant
• Others

Algaecide Market by Form [Shipment Analysis by Value from 2018 to 2030]:

• Granular Crystal
• Liquid
• Pellet

Algaecide Market by Mode of Action [Shipment Analysis by Value from 2018 to 2030]:

• Selective
• Non-Selective

Algaecide Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Surface Water Treatment
• Aquaculture
• Sports & Recreational Center
• Agriculture
• Others

Algaecide Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Algaecide Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies algaecide companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the algaecide companies profiled in this report include-

• BASF
• Dow
• Nufarm
• Lonza
• UPL
• SePRO
• Waterco
• BioSafe Systems
• Airmax
• Oreq

Algaecide Market Insights

Lucintel forecasts that copper sulfate will remain the largest segment over the forecast period due to its ability to treat a variety of algal species.

Within this market, surface water treatment is expected to witness higher growth.

North America will remain the largest region over the forecast period.

Features of the Global Algaecide Market

Market Size Estimates: Algaecide market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Algaecide market size by various segments, such as by type, form, mode of action, application, and region in terms of value ($B).

Regional Analysis: Algaecide market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, forms, modes of action, applications, and regions for the algaecide market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the algaecide market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for algaecide market?

Answer: The global algaecide market is expected to grow with a CAGR of 6.3% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the algaecide market?

Answer: The major drivers for this market are rise in product utilization in farming and expansion of the aquaculture and agriculture industries.

Q3. What are the major segments for algaecide market?

Answer: The future of the algaecide market looks promising with opportunities in the surface water treatment, aquaculture, sports & recreational center, and agriculture markets.

Q4. Who are the key algaecide market companies?

Answer: Some of the key algaecide companies are as follows:

• BASF
• Dow
• Nufarm
• Lonza
• UPL
• SePRO
• Waterco
• BioSafe Systems
• Airmax
• Oreq

Q5. Which algaecide market segment will be the largest in future?

Answer: Lucintel forecasts that copper sulfate will remain the largest segment over the forecast period due to its ability to treat a variety of algal species.

Q6. In algaecide market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period.

Q.7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the algaecide market by type (copper sulfate, chelated copper, quaternary ammonium compound, peroxyacetic acid & hydrogen dioxide, dyes & colorant, and others), form (granular crystal, liquid, and pellet), mode of action (selective and non-selective), application (surface water treatment, aquaculture, sports & recreational center, agriculture, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?