Analysis and market size
North America Algaecides Market are widely used to kill algae and prevent their growth. It is used to kill phytoplankton and also to prevent or reduce large blooms. It is available in the market in different forms such as liquid, granules, and lollipops. It is injected or sprayed on surface waters. Growing demand for algaecides in various end-use applications such as aquaculture and surface water treatment , and an increase in demand for air conditioning systems are drivers of the North American algaecide market.
These algaecides are used to prevent photosynthesis and the collection of macrophytes that are involved in bloom formation or reduce blooms when they occur. Data Bridge Market Research analyzes that the algaecide market is expected to be worth USD 2,735.95 million by the year 2029, with a CAGR of 6.8% during the forecast period. “Aquaculture” represents the most prominent application segment in the respective market due to the increase in algaecides in water fields. The market report selected by the Data Bridge market research team includes in-depth expert analysis, import/export analysis, price analysis, production consumption analysis, and climate chain scenario.
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| REPORTING METRICS | DETAILS |
| forecast period | 2022 a 2029 |
| base year | 2021 |
| historical years | 2020 (Customizable to 2019 – 2014) |
| Quantitative Units | Revenues in millions of USD, Prices in USD |
| segments covered | Type (copper sulphate, quaternary ammonium compounds, chelated copper, peroxyacetic acid and hydrogen dioxide, dyes and colorants, others), form (liquid and dry), mode of action (non-selective and selective), application (water treatment surface, aquaculture, Sports and Recreation Centers, Agriculture, Others), Distribution Channel (Direct and Indirect) |
| Countries covered | United States, Canada, Mexico |
| Market Players Covered | BASF SE (Germany), Lonza (Switzerland), SePRO Corporation (USA), BioSafe Systems, LLC (USA), N. Jonas & Company, Inc. and others. (USA), UPL (India), Phoenix Products Co. (USA), Weifang Maochen Chemical Co.,Ltd. (China), Airmax (US), Oreq (US) |
Market Definition
Algaecide is used to kill and prevent the growth of algae or cyanobacteria. They are two types of algaecides, comprising natural and synthetic algaecides. They are generally used to prevent filamentous, branching, and planktonic algae. Algaecides depend on a few factors, such as application rates, water chemistry, and product formulation, among others. There are several types of algaecides
Copper Sulfate – (CuSO4) is an inorganic compound and is widely used to prevent blue-green algae , as blue-green algae are more sensitive to the effects of copper than other algae.
Chelated copper: Works better than copper sulfate algaecides as it prevents filamentous and planktonic algae.
Quaternary Ammonium Compounds: It works better against green algae since it destroys its cell membrane. It is not expensive and is widely used for swimming pools.
Peroxyacetic Acid and Hydrogen Dioxide: It is a non-toxic algaecide that oxidizes fungi (including spores), bacteria, and viruses. It acts on phytopathogenic organisms.
Dyes and dyes: It is a type of algaecide that enhances the appearance of water sources with a dye such as blue. It also controls the growth of various types of aquatic weeds and algae.
Regulatory framework
- Regulation (EU) No. 528/2012 established that Alguinet, with the active substance copper sulfate pentahydrate, at a level of 100% w/w, can be authorized for use as an algaecide (product type 02) for the control of algae growth by trained professional, professional and lay users.
COVID-19 had minimal impact on the algaecide market
COVID-19 affected several manufacturing industries in 2020-2021, causing workplace closures, disruption of supply chains, and restrictions on transportation. However, no significant impact was noted on its algaecide operations and supply chain in North America, as the import and export of vaccines and essential products led to increased demand for algaecides. With this growing awareness and government push for research and development and introduction of new types of algaecides, the growth of the algaecide market increases.
Market dynamics of the algaecide market include:
Drivers/Opportunities Facing the Algaecide Market
- Increased concern and awareness about the conservation of the environment and the ecosystem.
Growing awareness of the harmful effects of algae growth is pushing consumers to use algaecides. Algae harm the health of marine beings and human health. To prevent or stop algae growth, many government agencies and manufacturers focus on making people and customers aware of algaecides. Therefore, the growing concern and awareness about the conservation of the environment and the ecosystem leads to the growth of the market.
- Increased demand for algaecides in various end-use applications, such as aquaculture and surface water treatment
Algaecides are widely used for both aquaculture and surface water treatment. Many companies and manufacturers offer algaecides to prevent algae growth and aid in the efficient operation of aquaculture and surface water treatment. Therefore, the increasing demand for algaecides in various end-use applications such as aquaculture and surface water treatment leads to market growth.
- Increased demand for air conditioning systems
Algaecides are widely used to treat and clean algae growth in air conditioners. With the increasing demand for air conditioners all over the world, the demand for algaecides is expected to grow in the future. Therefore, the increase in demand for air conditioning systems will lead to the growth of the market.
- Increase in disposable income of consumers
People today prefer to live a luxurious lifestyle. Even apartments in metropolitan cities have attached balcony plunge pools, which has also increased the demand for home algaecide use. Disposable income plays a significant role in the growth of the algaecide market as increased disposable income enables people to live a quality lifestyle. Rising disposable incomes for consumers around the world increased the purchasing power of customers and improved their quality of life, providing tremendous growth opportunities for the North American algaecide market.
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Research Methodology: North America Algaecides Market
Data collection and base year analysis are performed using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. Likewise, it involves the examination of the information inconsistencies observed in different sources of information. Market data is analyzed and estimated using consistent and statistical market models. Also, market share analysis and key trend analysis are the main success factors in the market report. To learn more, request an analyst call or drop your inquiry.
The key research methodology used by the DBMR research team is data triangulation, which involves data extraction, analysis of the impact of data variables on the market, and primary validation (industry experts). Other than this, the data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, patent analysis, analysis analysis, company market share analysis, measurement standards, global versus regional analysis, and vendor share analysis. To learn more about the research methodology, submit an inquiry to speak with our industry experts.
Some important points of TOC:
Chapter 1: North America Algaecides Market Overview, Product Overview, Market Segmentation, Market Overview of Regions, Market Dynamics, Constraints, Opportunities, and Industry News and Policies.
Chapter 2: North American Algaecides Industry chain analysis, upstream raw material suppliers, major players, production process analysis, cost analysis, market channels, and major downstream buyers.
Chapter 3: Value Analysis, Production, Growth Rate, and Price Analysis by Type of Algaecides from North America.
Chapter 4: North America Downstream Characteristics, Consumption, and Market Share by Application of Algicides
Chapter 5: North America Algicide production volume, price, gross margin, and revenue ($) by regions.
Chapter 6: North America Algaecides Production, Consumption, Export, and Import by Regions.
Chapter 7: North America Algaecides Market Status and SWOT Analysis by Regions.
Chapter 8: Competitive Landscape, Product Introduction, Company Profiles, Market Distribution Status by North America Algaecide Players
Chapter 9: North America Algaecides Market Analysis and Forecast by Type and Application.
Chapter 10: North America Algaecides Market Analysis and Forecast by Regions.
Chapter 11 – North America Algaecides industry characteristics, key drivers, SWOT analysis of new entrants, investment feasibility analysis.
Chapter 12: North America Algaecides Market Conclusion of the entire report.
TOC OF The Report @https://www.databridgemarketresearch.com/toc/?dbmr=north-america-algaecides-market
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