Algae Treatment Chemical Market Trends

  • Report ID: 6643
  • Published Date: Nov 05, 2024
  • Report Format: PDF, PPT

Algae Treatment Chemical Market Trends

Growth Drivers

  • Strict regulations governing water quality and environmental protection: Several government mandates about the usage of particular chemicals to mitigate harmful algal blooms and protect aquatic ecosystems is expected to drive market growth. These guidelines increasingly enforced by regional and national agencies are rooted in rising concerns about the adverse effects of pollutants and excess nutrients on water quality. For instance, in the United States, the Environmental Protection Agency (EPA) imposes the Clean Water Act, which requires water treatment facilities and industrial plants to meet strict quality standards, by controlling algal growth that may disrupt the ecosystem and water supplies. This is expected to increase the sales of different types of algae treatment chemicals going ahead.
  • Integration of advanced technologies: The algae treatment chemical market is driven by the integration of advanced technologies such as nanotechnology, biotechnology, and artificial intelligence (AI) to improve the efficiency and efficacy of algae treatment solutions, enabling more specific and environmentally friendly solutions.

Challenges

  • Complication of algal blooms: Complication of algal blooms presents a substantial challenge for the global market owing to the various causes, types, and unpredictable behavior of these blooms. Various species of algae also add complexity as each type responds differently to chemical treatments. For example, blue-green algae are accountable for toxic blooms and need particular treatments that differ suggestively from those used for green algae.
  • Environmental concerns and public perception: Algae treatment chemicals often contain compounds such as algaecides and copper sulfate which can have harmful effects on the aquatic ecosystem if applied or misused in high concentrations. According to the U.S. EPA, additional usage of copper-based algaecides can lead to bioaccumulation in aquatic species, disrupting the food chain and affecting fish as well as other marine life.

    Public perception also complicates this issue. Various communities and environmental groups view chemical-based algae treatment as a quick fix with restricted long-term benefits and potentially harm the environment.

Algae Treatment Chemical Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

5.6%

Base Year Market Size (2024)

USD 3.2 billion

Forecast Year Market Size (2037)

USD 6.5 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Rajrani Baghel


  • Report ID: 6643
  • Published Date: Nov 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The algae treatment chemical market size was USD 3.2 billion in 2024.

The global algae treatment chemical market size was USD 3.2 billion in 2024 and is likely to reach USD 6.5 billion by the end of 2037, expanding at a CAGR of 5.6% over the forecast period, i.e., 2025-2037.

Applied Biochemists, SePRO Corporation, Biosafe Systems LLC, BASF SE, Solenis LLC, Kemira Oyj, and Algaecytes Ltd. are some key players in the market.

The green algae segment is expected to hold a leading share during the forecast period.

North America is projected to offer lucrative prospects with a share of 41.5% in 2037.
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