Quick Summary:
In an ever-evolving global economy, the Algaecides market is poised for considerable growth. This comprehensive report, outlining the trajectory of the Algaecides market, set at an estimated US$3 billion in 2022 and forecasted to reach US$4.5 billion by 2030, provides key insights that equip business leaders with the necessary information to make informed strategical decisions. The report gives an in-depth analysis of the market segments with focus on Copper Sulfate, which is expected to record 5% CAGR and reach US$2.5 billion by 2030.
Particularly notable are the insightful delineations of the Algaecides market landscapes in the U.S. and China, with forecasts showing China exceeding a market size of US$1 Billion by 2030. In the post-pandemic recovery phase, the Chelated Copper segment has been readjusted to a revised 5.6% CAGR for the next eight-year period. Other geographic markets like Japan, Canada, and Germany are additionally covered, each presenting unique growth potentials. Stand-out competitors in this market, like Airmax, Inc. and BASF SE among others are also strategically presented.
In the ever-shifting global market, this Algaecides market report offers special coverage on online peer-to-peer collaborative bespoke updates, access to digital archives and research platform, as well as complimentary updates for one year. This is an essential report for any business executive looking to stay ahead in the Algaecides market.
Global Algaecides Market to Reach $4.5 Billion by 2030
The global market for Algaecides estimated at US$3 Billion in the year 2022, is projected to reach a revised size of US$4.5 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030. Copper Sulfate, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$2.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Chelated Copper segment is readjusted to a revised 5.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $797.5 Million, While China is Forecast to Grow at 8% CAGR
The Algaecides market in the U.S. is estimated at US$797.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.Select Competitors (Total 41 Featured) -
- Airmax, Inc.
- BASF SE
- Biosafe Systems, LLC
- Dow, Inc.
- DuPont de Nemours, Inc.
- Lonza Group AG
- Nufarm Limited
- Oreq Corporation
- Sepro Corporation
- UPL Ltd.
- Waterco Limited
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Algaecides?
What is the growth rate of the Global Market for Algaecides?
What is the forecasted size of the Global Market for Algaecides?
Who are the key companies in the Global Market for Algaecides?
| Report Attribute | Details |
|---|---|
| No. of Pages | 194 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 3 Billion |
| Forecasted Market Value ( USD | $ 4.5 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Airmax, Inc.
- BASF SE
- Biosafe Systems, LLC
- Dow, Inc.
- DuPont de Nemours, Inc.
- Lonza Group AG
- Nufarm Limited
- Oreq Corporation
- Sepro Corporation
- UPL Ltd.
- Waterco Limited
