PUBLISHER: The Business Research Company | PRODUCT CODE: 1641489
PUBLISHER: The Business Research Company | PRODUCT CODE: 1641489
Algaecides, also known as algicides, are biocidal substances designed to eliminate the growth of algae. They are employed to prevent the development of macrophytes and disrupt photosynthesis, ultimately hindering the formation of algal blooms.
The main types of algaecides include copper sulfate, chelated copper, quaternary ammonium compounds, peroxyacetic acid, hydrogen dioxide, and other variations. Chelated copper is specifically used for algae blooms, gradually releasing copper over time as its protective coating dissolves in water. Algaecides are available in various forms such as granular crystal, liquid, and pellets. They find applications in surface water treatment, aquaculture, sports and recreational centers, agriculture, and various other uses.
The algaecides market research report is one of a series of new reports from The Business Research Company that provides algaecides market statistics, including algaecides industry global market size, regional shares, competitors with an market share, detailed algaecides market segments, market trends and opportunities, and any further data you may need to thrive in the algaecides industry. This algaecides market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The algaecides market size has grown rapidly in recent years. It will grow from $3.9 billion in 2024 to $4.31 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to rise in water pollution, rise in agricultural practices, expanding aquaculture industry, rise in concern and awareness regarding the conservation of the environment, growth of industrialization.
The algaecides market size is expected to see rapid growth in the next few years. It will grow to $6.82 billion in 2029 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to economic growth, rising tourism industry, rising urbanization, rising demand for clean water, rising government support. Major trends in the forecast period include sustainable algaecides, non-chemical algaecide solutions, customized solutions, innovative formulations, collaboration and partnerships.
The algaecides market is poised for growth due to the increasing levels of industrialization and the pollution it generates. Industrialization involves the transformation of economies from primarily agricultural to manufacturing-oriented, which often results in environmental degradation, particularly through industrial pollution. Algaecides play a vital role in mitigating the impact of pollutants. For instance, India has the potential to become a global manufacturing hub, with the capability to contribute over USD 500 billion annually to the global economy by 2030. As industrialization progresses, the demand for algaecides continues to rise, driven by the need to combat pollution and maintain environmental balance.
The growth of aquaculture is anticipated to drive the algaecides market in the future. Aquaculture involves the cultivation, rearing, and harvesting of aquatic organisms in various water environments, including fish, algae, shellfish, plants, and other species. Algae are used in aquaculture for several purposes, such as feed for aquatic animals, food additives in aquafeed, and wastewater treatment. For example, in October 2024, the World Bank Group, a US-based financial institution, reported that aquaculture production in the US increased from 462,000 metric tons in 2021 to 479,000 metric tons in 2022. Therefore, the rise in aquaculture is propelling the algaecides market.
A key trend in the algaecides market is product innovation. Prominent companies in the industry are actively developing new products to strengthen their market position. For example, in January 2023, ARQUIMEA, a Spanish agricultural technology company, introduced BIO100, a biological and biodegradable algaecide. BIO100 is crafted from natural, chemical-free materials and combines the capabilities of a biological algaecide with those of sunscreen. This innovative product is designed to cater to agricultural soils, the environment, and their surroundings. The market is witnessing advancements and novel solutions, reflecting a commitment to sustainability and environmental protection.
Major companies in the algaecides market are actively engaging in strategic partnerships to bolster their market presence and cultivate long-term growth strategies. These collaborations are instrumental in leveraging the unique strengths and capabilities of each partner, leading to the development of new products and an expanded market footprint. An illustration of this approach is observed in the May 2022 collaboration between ALSA Ventures, a UK-based biotech investment firm, and Lonza, a Switzerland-based manufacturing partner serving the pharmaceutical, biotech, and nutrition industries. Lonza's services will encompass de-risking, early-stage development, and manufacturing for firms within ALSA Ventures' portfolio. This partnership signifies a strategic move to enhance capabilities and leverage synergies in a competitive market.
In August 2024, Stanley Capital Partners, a UK-based private equity firm, acquired SePRO Corporation for an undisclosed sum. This acquisition aims to bolster SePRO's ability to deliver innovative and sustainable solutions for water management, especially in response to rising environmental challenges like nutrient pollution and invasive species. SePRO Corporation is a US-based manufacturer of aquatic algaecides, including SeClear.
Major companies operating in the algaecides market include BASF SE, N. Jonas & Company Inc., Sanco Industries Inc., Lonza Group AG, UPL Aquatics, SePRO Corporation, Nouryon, Kemira Oyj, Adama Agricultural Solutions, BioSafe Systems, Waterco Limited, Lake Restoration Inc., BioGuard, Oreq Corporation, Olin Corporation, Valagro SpA, Diquat Dibromide, Arch Chemicals, Acuro Organics Limited, Boxer Adjuvant, Control Solutions Inc., Blue Lagoon Products Ltd., Sinofi Ingredients, ACUINOVA - ACTIVIDADES PISCICOLAS S A, Precision Laboratories LLC, Wilbur-Ellis Company, Chautauqua Chemicals Co Inc., Atlantic Laboratories Corporation Ltd.
North America was the largest region in the algaecides market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in algaecides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the algaecides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The algaecides market consists of sales of polyquats and metallic algaecides. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Algaecides Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on algaecides market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for algaecides ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The algaecides market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.