Report Details-
Middle East and Africa 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 Middle East and Africa 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 218.82 million by the year 2029, at a CAGR of 6.2% 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.
COVID-19 had a Minimal Impact on Algaecides Market
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. However, no significant impact was noticed on their algaecides Middle East and Africa operations and supply chain, as import and export of vaccines and essential goods led to increasing demand of algaecides. With this growing awareness and governmental push to the research and development and introducing new kind of algaecides increasing the growth of algaecides market.
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
- Supply chain disruption
The COVID-19 pandemic caused a sudden lockdown in many parts of the world to prevent the spread of the virus, which resulted in the rapid closing down of factories and shops, among others. The problems faced by workers, laborers, wagers, and manufacturers worldwide and the disrupted supply chain across the globe due to the COVID-19 outbreak and the Russia-Ukraine war are expected to pose a challenge for the growth of the Middle East and Africa algaecides market.
Middle East and Africa Algaecides Market Scope
The Middle East and Africa 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 Middle East and Africa 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 Middle East and Africa algaecides market is segmented into non-selective and selective.
Form
- Liquid
- Dry
On the basis of form, Middle East and Africa algaecides market is segmented into liquid and dry.
Middle East and Africa Algaecides Market Regional Analysis/Insights
The Middle East and Africa 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 Middle East and Africa algaecides market report are the Egypt, Saudi Arabia, United Arab Emirates, South Africa, Israel and rest of the Middle East and Africa.
Egypt is dominating in the market due to the algaecides manufacturers being engaged in developing new algaecides products in the region which is propelling the region's demand for algaecides.
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 Middle East and Africa 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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Competitive Landscape and Algaecides Market Share Analysis
The Middle East and Africa 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, Middle East and Africa 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 Middle East and Africa algaecides market.
Some of the major players operating in the algaecides market are
· BASF SE,
· Lonza,
· UPL (India),
· Weifang Maochen Chemical Co., Ltd.,
· Airmax
among others.
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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 MIDDLE EAST AND AFRICA ALGAECIDES MARKET
7 MIDDLE EAST AND AFRICA ALGAECIDES MARKET, BY INDUSTRY TYPE
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