Global Algaecides Market: Overview
Algaecides are the biocides, which are used to kill and prevent the growth of algae. Barley straw covered in mesh bags are allowed to float in water gardens or fish ponds to control the growth of the algae, without harming pond plants and animals. Algaecide is gaining boom in the global market from last few decades owing to its algal control property. Algae blooms in the marine coastlines, freshwater lakes, or estuaries. Algae produce toxins as it blooms in water, which is considered dangerous for freshwater and marine environments, and for humans.
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Global Algaecides Market: Growth Factors
The emergence of preventive and control measures to control the growth of the algae is expected to drive the global algaecides market growth. Algaecides market is gaining importance owing to increasing need to prevent environment degradation and extensive pollution caused due to rising industrialization activities; this in turn is anticipated to foster the global algaecides market growth in the coming years. However, highly efficient and innovative algaecide formulations may open up new growth opportunities in the global market.
Global Algaecides Market: Segmentation
The application segment of the global algaecides market is segmented as sports & recreational centers, surface water treatment, aquaculture, agriculture, and others. The global market is further divided based on the mode of action as non-selective and selective. Of these, non-selective algaecides segment accounted for the largest market chunk owing to consumer inclination for quaternary ammonium and copper sulfate compounds in order to control a wide range of algal species. Moreover, the global algaecides market is bifurcated based on form as a liquid, granular crystal, and pellet. Of these, granular algaecides are the dominating form segment in the global market due to higher dissolution and penetration into the algal cells. Furthermore, based on geography, the global algaecides market is segregated as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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Global Algaecides Market: Regional Analysis
North America held the largest market share in the global algaecides market due to increasing environmental problems. Increasing applications of the algaecides in aquaculture due to the organized development of aquaculture in both marine and freshwater also propels the global market growth in this region. It may maintain the quality of water and increasing algae production in Latin America and North America. This may influence the global algaecides market in a positive way. Strong emphasis on environmental pollution control in North America is supported by regulatory framework mainly in the U.S.; this may lead to increased demand for algaecides in this region.
Global Algaecides Market: Competitive Players
Key players in the global algaecides markets include Airmax, Inc., BASF SE, UPL Limited, Oreq Corporation, and Lonza Group AG. Other major players include BioSafe Systems, LLC, Dow Chemical Company, Waterco Limited, Nufarm Limited, and SePRO Corporation.
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Global Algaecides Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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