Report Details-
Asia-Pacific Algaecides Market, By Type (Copper Sulfate, Quaternary Ammonium Compounds, Chelated Copper, Peroxyacetic Acid & Hydrogen Dioxide, Dyes & Colorants, Others), Form (Liquid and Dry), Mode of Action (Non-Selective and Selective), Application (Surface Water Treatment, Aquaculture, Sports & Recreational Centers, Agriculture, Others), Distribution Channel (Direct and Indirect) – Industry Trends and Forecast to 2029
Market Analysis and Size
The algaecides are widely used to kill algae and prevent their growth. It is used to kill phytoplankton and also used to prevent or reduce large blooms. It is available in the market in different forms such as liquid, granular, and pallets. It is injected into or sprayed onto surface waters. Rising demand for algaecides in various end use applications such as aquaculture and surface water treatment and a spike in demand for air conditioning systems are drivers for the Asia-Pacific algaecides market.
These algaecides are used to prevent photosynthesis and macrophyte harvesting that engages with bloom formation or reduce blooms when they occur. Data Bridge Market Research analyses that the algaecides market is expected to reach the value of USD 2,966.01 million by the year 2029, at a CAGR of 7.2% during the forecast period. "Aquaculture" accounts for the most prominent application segment in the respective market owing to rise in algaecides in water fields. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Algaecide is used to kill and prevent the growth of algae or cyanobacteria. They are two types of algaecide, which comprise natural and synthetic algaecides. They are usually used to prevent filamentous, branched, as well as planktonic algae. Algaecide depends upon some factors such as quantities of application, water chemistry, and product formulation, among others. There are various 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: It works better than copper sulfate algaecides as it prevents both filamentous and planktonic algae.
Quaternary Ammonium Compounds: It works better against the green algae as it destroys their cellular membrane. It is not expensive and widely used for swimming pools.
Peroxyacetic Acid & Hydrogen Dioxide: It is a non-toxic algaecide that oxidizes fungi (including spores), bacteria, and viruses. It works on phytopathogenic organisms.
The Market Dynamics of the Algaecides Market Include:
Drivers/Opportunities faced by the Algaecides Market
- Rise in concern and awareness regarding the conservation of the environment and ecosystem
Rising awareness regarding the harmful effects of algae formation pushes consumers to use algaecides. Algae lead to damage health of marine as well as human health. To prevent or stop algae formation, many government bodies and manufacturers are focused on people being aware and customers about algaecides. Hence, rising concern and awareness regarding the conservation of the environment and ecosystem leads to the market's growth.
- Rise in 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 are providing algaecides to prevent the growth of algae and help in the efficient working of aquaculture and surface water treatment. Thus, the rising demand for algaecides in various end-use applications such as aquaculture and surface water treatment leads to the market's growth.
- Spike in demand for air conditioning systems
Algaecides are widely used to treat and clean the algae formation in the air conditioners. With the increased demand for air conditioners across the globe, the demand for algaecides is expected to grow in the future. Thus spike in demand for air conditioning systems will lead to the market's growth.
Restraints/Challenges faced by the Algaecides Market
- Stringent government regulation on algaecides
Varied associations such as EPA and E.U. have applied regulations or guidelines for algaecides' application, usage, and transportation. The E.U. Commission has confirmed that certain silver compounds will not be approved for use in biocidal (such as antimicrobial) products. This could have implications within and beyond the E.U., including in the U.S. and in the other markets where various "silver-treated" products are manufactured for distribution worldwide. Therefore, stringent government regulations and guidelines for the usage and direct application of algaecides that may be harmful to any living being, such as humans or animals, are expected to restrain the growth of the algaecides market
Asia-Pacific Algaecides Market Scope
The Asia-Pacific algaecides market is segmented on the basis of type, mode of action, form, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Copper Sulfate
- Chelated Copper
- Quaternary Ammonium Compounds
- Peroxyacetic Acid & Hydrogen Dioxide
- Dyes and Colorants
- Others
On the basis of type, the Asia-Pacific algaecides market is segmented into copper sulfate, quaternary ammonium compounds, chelated copper, peroxyacetic acid & hydrogen dioxide, dyes & colorants, other.
Mode of Action
- Non-Selective
- Selective
On the basis of mode of action, the Asia-Pacific algaecides market is segmented into non-selective and selective.
Competitive Landscape and Algaecides Market Share Analysis
The Asia-Pacific algaecides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Asia-Pacific algaecides market.
Some of the major players operating in the algaecides market are
BASF SE,
Lonza,
BioSafe Systems, LLC,
UPL,
Weifang Maochen Chemical Co., Ltd.,
Airmax
among others.
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Asia-Pacific Algaecides Market Regional Analysis/Insights
The Asia-Pacific algaecides market is analyzed and market size insights and trends are provided by country, type, mode of action, form, application, and distribution channel as referenced above.
The countries covered in the Asia-Pacific algaecides market report are China, India, Indonesia, Thailand, Japan, Malaysia, Philippines, South Korea, Australia, New Zealand, Singapore, rest of Asia-Pacific.
China is dominating in market due to rising concern and awareness regarding the conservation of the environment and ecosystem in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 IMPACTS OF COVID-19 ON THE ASIA-PACIFIC ALGAECIDES MARKET
7 ASIA-PACIFIC ALGAECIDES MARKET, BY INDUSTRY TYPE
Get TOC of the Report:- https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-algaecides-market
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