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What Is The Forecasted Market Size And Growth Rate Of The Global Algaecides Market?
The algaecides market has seen prominent growth in recent years, moving from $3.9 billion in 2024 to $4.31 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%. This growth can be largely attributed to an increase in water pollution, growth in agricultural practices, expanding aquaculture industry, and growing concern and awareness about environment conservation resulting from industrial growth.
The market is expected further to expand to $6.82 billion in 2029 at a compound annual growth rate (CAGR) of 12.1% due to multiple factors including economic growth, the expanding tourism industry, increasing urbanization, heightened demand for clean water, and intensifying government support. Key trends guiding this forecasted growth include sustainable algaecides, non-chemical algaecide solutions, customized solutions, innovative formulations along with an uptick in collaborations and partnerships.
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Which Factors Are Driving The Algaecides Market Growth?
Industrialization and resultant pollution levels are primary drivers of the algaecides market. The transition from an agricultural economy to manufacturing leads to environmental degradation via industrial pollution. Algaecides help prevent these pollutants. India, for instance, with its potential to become a global manufacturing hub, is projected to contribute more than USD 500 billion annually to the global economy by 2030. As such, increasing industrialization and the resulting pollution levels are driving the algaecides market.
What Are The Major Segments Of The Global Algaecides Market?
The major segments in this report include:
1) By Type: Copper Sulfate, Chelated Copper, Quaternary Ammonium Compounds, Peroxyacetic Acid And Hydrogen Dioxide, Other Types
2) By Form: Granular crystal, Liquid, Pellet
3) By Application: Surface Water Treatment, Aquaculture, Sports and Recreational centers, Agriculture, Other Application
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Who Are The Major Players In The Algaecides Market?
Top players 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.
What Key Trends Are Shaping The Algaecides Market Landscape?
Product innovations are a key recent trend that drives the popularity of the algaecides market. Major companies in the market are developing new products to strengthen their market position. For example, in January 2023, ARQUIMEA, a Spain-based agricultural technology company, launched BIO100, an innovative, biological, biodegradable algaecide. This new product, developed specifically to care for agricultural soils and the environment, constitutes a significant innovation in the algaecides market.
What Is The Regional Analysis of The Algaecides Market?
In 2024, North America held the largest share in the algaecides market. However, Asia-Pacific is projected to be the fastest-growing region in the forecast period. The report also covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What does The Algaecides Market Report 2025 Offer?
Algaecides, or algicides, are biocides that eliminate the growth of algae. They are employed to prevent macrophyte and photosynthesis harvesting that conflicts with bloom formation. The Algaecides Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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