Algaecide Market - Latest Analytics by Experts | 2024
Algaecides are used to prevent the growth of algae in water bodies.
Their rising use in aquaculture, agriculture, and water surface
treatments is expected to create lucrative growth prospects for the
global algaecide market. In a report, titled “Algaecide Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2016 – 2024,” Transparency Market Research (TMR) studies various
trends prevalent in the market. It is intended to help key players
gauge investment feasibility in the global algaecide market. It
covers various segments within the market exhibiting promising growth
opportunities besides growth drivers and restrains influencing its
trajectory between 2016 and 2024.
Read
Report Overview @
Over
the last few years, the use of algaecides has considerably increased.
Experts attribute this positive rise to the growing focus towards
aqua life and plant health. Due to their compositions, algaecides are
used in water surface treatment, aquaculture, and agriculture to
prevent algae growth. In response to the continuously rising
population, the demand for improved agricultural yield has scaled
higher. Improving plant health is imperative to boost agricultural
produce, which is a chief driver of the global algaecide market.
Algaecides
are an important inclusion in modern farming practices. Therefore,
the rising acceptance of advanced technologies and agricultural
practices for a protected agriculture will offer attractive growth
opportunities to the global algaecide market. Furthermore, the market
is likely to gain from rapid industrialization and urbanization
witnessed worldwide. These phenomenon often cause growth of algae,
which in turn necessitates the use of algaecides. In addition to
this, the increasing use of algaecides in recreational and sports
centers is likely to boost the global market. On the downside,
several health and environmental hazards are related to the use of
algaecides. This is a key challenge faced by the global algaecide
market.
For
an in-depth analysis, the global algaecide market can be segmented
into aerosols, liquid, solid, powder, and other categories in terms
of physical state of algaecides. On the basis of grade, the market
can be classified into analytical grade, technical grade, reagent
grade, bio-tech grade, and other. Based on product, chelated copper
formulations, copper sulfate, sodium carbonate peroxyhydrate
formulations, endothall, peroxyacetic acid & hydrogen dioxide,
and QAC are among the key segments in the market. Application-wise,
the global algaecide market can be segmented into sports and
recreational centers, aqua farming, surface water treatment, and
others.
As
per TMR regionally, North America constituted the leading share in
the global algaecide market in 2015. Nutrient pollution is a
critical, expensive, and widespread concern in North America. Given
the scenario, the region’s regulatory framework lays strong
emphasis on mitigating this concern. Such regulations create a
favorable environment for the market’s growth in North America.
Request
to view Sample Report:
Some
of the leading companies operating in the global algaecide market are
The Dow Chemical Company, UPL Limited, Nufarm Limited, BASF SE,
Waterco Limited, SePRO Corporation, Airmax, Inc., Lonza Group AG,
BioSafe Systems LLC, and Oreq Corporation.
Comments
Post a Comment