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| Market size in 2024 | US$ 2.34 billion |
Forecast Market size by 2030 | US$ 3.45 billion |
|---|---|---|---|
| Growth Rate | CAGR of 6.7% | Number of Pages | 119 Pages |
The global Algicide market size was valued at US$ 2.34 billion in 2024 and is projected to reach US$ 3.45 billion by 2030, at a CAGR of 6.7% during the forecast period 2024-2030.
The United States Algicide market size was valued at US$ 678.9 million in 2024 and is projected to reach US$ 967.8 million by 2030, at a CAGR of 6.1% during the forecast period 2024-2030.
Algicides are chemical compounds used to control or eliminate algae growth in water bodies, swimming pools, and industrial systems.
The global market is expanding moderately, driven by water treatment needs and aquaculture growth. In 2023, consumption reached 350,000 metric tons, with water treatment accounting for 45% of demand. The market saw a 20% increase in eco-friendly product adoption in 2023. Copper-based products dominate with a 55% market share, while organic algicides are growing at 10% annually. North America leads with a 35% market share, while Asia Pacific is the fastest-growing region at 7.8% CAGR. The industry is focusing on developing sustainable formulations, with a 25% growth in R&D investments for environmental compliance.
Report Overview
Algicide or algaecide is a biocide used for killing and preventing the growth of algae.
This report provides a deep insight into the global Algicide market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Algicide Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Algicide market in any manner.
Global Algicide Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
BASF
Bayer
DowDupont
Syngenta
Easy Chemicals
Lake Restoration
Baquacil
Astralpool
Lonza
BioGuard
Pinch A Penny
Market Segmentation (by Type)
Natural Algicides
Synthetic Algicides
Market Segmentation (by Application)
Agriculture
Industry
Aquarium
Other
Geographic Segmentation
| Report Attributes | Report Details |
|---|---|
| Report Title | Algicide Market, Global Outlook and Forecast 2024-2030 |
| Market size in 2024 | US$ 2.34 billion |
| Forecast Market size by 2030 | US$ 3.45 billion |
| Growth Rate | CAGR of 6.7% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 119 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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