Algaecides Market to Grow with a CAGR of 6.50% through 2030
Increasing global population growth and urbanization and increasing water pollution and eutrophication concerns is expected to drive the Global Algaecides Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “Algaecides
Market – Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F”, the Global Algaecides Market stood at USD 2.94 billion in 2024 and is anticipated to grow with a CAGR of 6.50% in the forecast
period through 2030.
The influence of industrial applications, particularly in cooling water systems, stands out as a significant market driver propelling the growth of the Global Algaecides Market. This driver is shaped by various factors that highlight the crucial role algaecides play in maintaining the efficiency and reliability of industrial processes. Industrial facilities, including power plants and manufacturing units, often rely on cooling water systems to dissipate heat generated during operations. These systems are susceptible to algal fouling, where algae can proliferate and form biofilms on surfaces like cooling towers, pipes, and heat exchangers. Algal fouling impedes heat transfer efficiency, increases energy consumption, and can lead to equipment corrosion. Algaecides emerge as indispensable tools for preventing and mitigating algal fouling, ensuring the smooth operation of cooling water systems.
The efficiency of industrial processes is directly linked to the performance of cooling water systems. Algae-induced fouling can result in decreased heat exchange efficiency, requiring increased energy input for temperature control. By incorporating algaecides, industrial operators can optimize the performance of cooling systems, leading to energy savings, reduced maintenance costs, and prolonged equipment lifespan. These operational benefits contribute to the demand for algaecides in various industrial applications. Industrial operations are under increasing pressure to adopt sustainable practices, including the responsible use of water resources. Algae-related issues in cooling water systems not only impact operational efficiency but can also lead to excessive water usage due to the need for more frequent system cleaning. Algaecides contribute to water conservation efforts by preventing algal fouling, minimizing the need for water-intensive maintenance activities, and promoting responsible water management in industrial settings.
Regulatory bodies worldwide are placing greater emphasis on environmental compliance and pollution prevention. Algae-related issues in industrial cooling water systems can contribute to the release of contaminants into the environment. By proactively using algaecides, industrial facilities can align with environmental regulations, demonstrating a commitment to responsible water management and reducing the environmental impact of their operations. Ongoing research and development in the field of water treatment have led to the formulation of advanced algaecides that are effective at lower concentrations and exhibit reduced environmental impact. The availability of these advanced formulations enhances the appeal of algaecides for industrial applications, providing operators with more environmentally friendly options while maintaining optimal system performance.
Algaecides are finding new and expanded applications in niche industries beyond traditional sectors like water treatment and agriculture. Industries such as oil and gas, food and beverage, and cosmetic manufacturing are recognizing the value of algaecides in preventing algae-related issues in various processes, such as cooling systems, production tanks, and raw material storage. Diversification of the algaecide market into non-traditional industries. Increased market opportunities and potential for partnerships with diverse sectors. Algaecide use in oil refineries to control algae in cooling water systems. Incorporation of algaecides in the preservation of raw materials in the food and cosmetic industries.
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The Global Algaecides Market is segmented into type, mode of action, application, form, distribution channel, regional distribution, and company
Based on the category of Form, the Liquid category shows the fastest growth over the forecast period in the global market for Algaecides. Liquid algaecides are easier to apply than dry algaecides, as they can be applied directly to the water surface or mixed with water and sprayed. Liquid algaecides typically provide more uniform distribution than dry algaecides, which can help to ensure that the algaecide reaches all of the algae in the water body. Liquid algaecides are often faster-acting than dry algaecides, as they dissolve more quickly in water and can be absorbed by algae more easily. The demand for easy-to-use algaecides is increasing due to the growing number of non-professional users, such as homeowners and property managers. Dry algaecides can be more easily blown away by wind or washed away by rain, which can contaminate nearby water sources. This is driving the demand for liquid algaecides, which are less likely to contaminate the environment. Advances in liquid algaecide technology have led to the development of more effective and longer-lasting liquid algaecides. This is making liquid algaecides an even more attractive option for users.
Based on region, the Europe market is poised to be the fastest-growing
market, offering lucrative growth opportunities for Algaecides players during
the forecast period. Factors such as Europe, with a rich historical usage of
algaecides for managing algae growth in surface water bodies, agriculture, and
aquaculture, anticipates a sustained increase in demand. This growth is
attributed to the rising need for clean water, stringent environmental
regulations, and a heightened awareness of the health risks associated with algae
blooms.
Major
companies operating in Global Algaecides Market are:
- BASF SE
- Lonza AG
- SePRO Corporation
- BioSafe Systems, LLC
- N. Jonas & Company, Inc.
- UPL Ltd.
- Phoenix Products Co.
- Weifang Maochen Chemical Co., Ltd.
- Airmax Corp
- Oreq Corp
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“The increasing global population growth and
urbanization and increasing water pollution and eutrophication concerns are key
drivers of the Algaecides market. In recent years, the Escalating levels of
water pollution due to industrial discharges, agricultural runoff, and
untreated sewage contribute to the risk of eutrophication. This phenomenon,
characterized by excessive nutrient influx leading to algal blooms, underscores
the need for algaecides. Moreover, the growing consumer emphasis on
preventative products has enhanced production and marketing efforts. To meet
the demands of the market, manufacturers are increasingly incorporating
cutting-edge technologies with high production efficiency. Rising consumer
acceptance and continuous product innovation will further ensure the growth of
the Algaecides market in the coming years.,” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
“Algaecides Market – Global Industry Size, Share, Trends, Opportunity, & Forecast Segmented By Type (Copper Sulfate, Quaternary Ammonium Compounds, Chelated Copper, Peroxyacetic Acid & Hydrogen Dioxide, Dyes & Colorants, Others), By Mode of Action (Non-Selective, Selective), By Application (Surface Water Treatment, Aquaculture, Sport & Recreational Centers, Agriculture, Others), By Form (Liquid, Dry), By Distribution Channel (Direct, Indirect), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global Algaecides Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Algaecides Market.
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