Europe Algaecides Market - 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 Europe 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 848.40 million by the year 2029, at a CAGR of 6.6% 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.

Dyes & Colorants: It is a type of algaecide that enhances the appearance of water features with a colorant such as blue. It also controls the growth of several types of aquatic weeds and algae.

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 Europe 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.

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.

• Increase in disposable income of consumers

People nowadays prefer to live a luxurious lifestyle. Even apartments in metro cities have mini balcony swimming pools attached to them, which has also increased the demand for algaecides in-home usage. Disposable income plays an important role in the growth of the algaecides market as the increased disposable income allows individuals to live a quality lifestyle. the increasing disposable income of consumers across the globe increased customers' purchasing power and improved their quality of living, thus giving great growth opportunities to the Europe 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 Europe algaecides market.

This Europe algaecides market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Algaecides market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In May 2022, Lonza and ALSA ventures collaborated to provide development and manufacturing services for biotech firms. Lonza will support ALSA Ventures' portfolio companies with services supporting de-risking, early development, and manufacturing of next-generation modalities. This will help the company to expand its businesses.
• In November 2021, Lonza acquired Codiak BioSciences Exosomes manufacturing facility in Lexington, MA (US). This helped company to gain access to the worldwide, exclusive and sub-licensable rights of Codiak's high-throughput exosome manufacturing technology.

Europe Algaecides Market Scope

The Europe 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 Europe 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 Europe algaecides market is segmented into non-selective and selective.

Form

• Liquid
• Dry

On the basis of form, the Europe algaecides market is segmented into liquid and dry.

Application

• Surface Water Treatment
• Aquaculture
• Sports & Recreational Centers
• Agriculture
• Others

On the basis of application, the Europe algaecides market is segmented into surface water treatment, aquaculture, sports & recreational centers, agriculture, and others.

Distribution Channel

• Indirect
• Direct

On the basis of distribution channel, the Europe algaecides market is segmented into indirect and direct.

Europe Algaecides Market Regional Analysis/Insights

The Europe 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 Europe algaecides market report are the U.K., Russia, France, Spain, Italy, Germany, Turkey, Netherlands, Switzerland, Belgium, rest of Europe.

The U.K. is dominating in the market due to the growing activities of water treatment programs 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 Europe 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.

Competitive Landscape and Algaecides Market Share Analysis

The Europe 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, Europe 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 Europe algaecides market.

Some of the major players operating in the algaecides market are BASF SE, Lonza, UPL, Weifang Maochen Chemical Co., Ltd., and Airmax among others.

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