This Algaecides market report has been mainly designed by keeping in mind the customer requirements which will ultimately assist them in boosting their return on investment (ROI). The report also provides CAGR (compound annual growth rate) values along with its fluctuations for the specific forecast period. Explicit and state-of-the-art information have been presented in this Algaecides report which helps Food & Beverage industry to be knowledgeable about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already present in the market.
Global Algaecides Market is expected to rise from its initial estimated value of USD 2.19 billion in 2018 to an estimated value of USD 3.66 billion by 2026, registering a CAGR of 6.63% in the forecast period of 2019-2026. Increasing industrialization is driving the growth of this market.
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Finally, the report features business strategy of industry key players along with their strengths and weaknesses. Various regulatory organizations were used as a data sources during the report development. The report was prepared using exclusive research on built up and developing market players. The report helps the consumer and other firms by providing a comprehensive examination using which they can organize a full-fledged plan for the upcoming period.
Key Developments in the Market: Global Algaecides Market
In July 2014, Troy Corporation announced the launch of Polyphase 963 which is a fungicide + algaecide to provide protection to the wood substrates from fungal and algal growth. This is cost-effective with low VOC & low hazard profile and it’s very suitable for a green system. The main aim is to provide a high-performance product which will help them to expand their business.
In November 2015, Spartanburg Water announced that they will be using approved algaecides in water supply reservoirs, after getting the complaint about the unusual smell and taste of the water. It happened due to the high level of Methyl-Isoborneol, or MIB. After the water treatment, Spartanburg water assures that its water is safe to use.
Key Players: Global Algaecides Market
Few of the major competitors currently working in the algaecides market are BASF SE, Nufarm, Lonza., UPL, Waterco, SePRO Corporation, Dow, BioSafe Systems, LLC, Airmax, Oreq Corporation, Lenntech B.V., Waterco, Pinch A Penny, Inc., Pool Corporation., BIOGUARD PEST MANAGEMENT, Expertos en Piscinas y Spas AstralPool., Syngenta, Bayer AG.
Market Drivers: Global Algaecides Market
Increasing awareness about the conservation of the environment is driving the growth of this market
Rising industrialization are driving the growth of this market
Market Restraints: Global Algaecides Market
Strict government regulation is restraining the growth of this market
Its non- selective nature is another factor to restraining this market.
Table of Contents: Global Algaecides Market
Scope/opportunities of the Report
Porter’s Five Forces Analysis
Business Decision Framework
Drivers And Challenges
Market Key Trends
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Segmentation: Global Algaecides Market
Quaternary Ammonium Compounds
Peroxyacetic Acid & Hydrogen Dioxide
Dyes & Colorants
Other Algaecides & Disinfectants
Surface Water Treatment
Sports & Recreational Centers
By Mode of Action
Middle East and Africa
Competitive Analysis: Global Algaecides Market
Global algaecides market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of algaecides market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
Competitive analysis of key competitors involved in the market
Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
Market drivers and restraints analysis along with the analysis of the market structure
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