DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Algaecides Market by Type (Copper Sulfate, Chelated Copper, QAC, Peroxyacetic Acid & Hydrogen Dioxide), Application (Surface Water Treatment, Aquaculture, Sports & Recreational Centers, Agriculture), Form, and Region - Global Forecast to 2022" report to their offering.
The global algaecides market is projected to grow significantly from an estimated value of USD 1.91 billion in 2016 to USD 2.79 billion by 2022, at a CAGR of 6.52%.
The algaecides market has been gaining importance due to the need to avert the extensive pollution and environment degradation caused by the growing industrialization activities. High efficiency of algaecides and ease of use has resulted in an increased demand for algaecide application for water treatment. The government authorities of various countries have established various laws and regulations for controlling algal growth and the need for approval on the use of algaecides, which acts as a restraining factor for the algaecides market.
The application of algaecides in the aquaculture industry accounted for the largest share in 2015, and is projected to grow at the highest CAGR during the forecast period. The fish and mussel farmers along the coastlines face the issue of frequent algal blooms in North America and Latin America; hence, a strong demand for algaecides is expected from the aquaculture sector in these regions in the next few years.
Copper sulfate solution is a traditional and most commonly used active ingredient to kill and control the growth of algae due to its effectiveness against all species of algae and its increasing usage in wastewater treatment. The quaternary ammonium compounds segment has been estimated to be the second largest algaecide type, in 2016.
North America is projected to be the fastest-growing regional market between 2016 and 2022. It was also the largest market for algaecides in 2015. Nutrient pollution, which leads to algal blooms is one of the critical, costly, and challenging environmental problems which is widespread in North America. Hence, with the aid of efficient infrastructure, government initiatives, and innovations resulting from research & development, the algaecides market is projected to grow at the highest rate in this region.
Leading players profiled in this report are as follows:
- BASF SE (Germany)
- The Dow Chemical Company (U.S.)
- Nufarm Limited (Australia)
- Lonza Group AG (Switzerland)
- UPL Limited (India)
- SePRO Corporation (U.S.)
- Waterco Limited (Australia)
- BioSafe Systems, LLC (U.S.)
- Airmax, Inc. (U.S.)
- Oreq Corporation (U.S.)
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Algaecides Market, By Type
7 Algaecides Market, By Application
8 Algaecides Market, By Form
9 Algaecides Market, By Mode of Action
10 Algaecides Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/k985dn/algaecides_market
