The high demand from mining, agriculture, horticulture, paint and dye industry is driving the market for copper sulfate.
Copper Sulfate Market Size – USD 635.2 Million in 2018, Growth - CAGR of 5.5%, Trends – High demand from agricultural sector.
The global Copper Sulfate Market is forecast to reach USD 1.03 Billion by 2027, according to a new report by Reports and Data. Copper Sulfate is a popular chemical compound widely used in the application of copper salt. The anhydrous form of the compound is a pale green powder, whereas the hydrate form is bright blue in color.
Copper sulfate is an organic compound that combines copper with sulfur. The compound can kill algae, bacteria, plants, roots, fungi, and snails. The toxic nature of copper sulfate depends on the content of copper. It is an essential mineral. It is found in the environment, food, and water. The chemical compound has been registered for the application in pesticide products in the U.S. since 1956.
Reports and Data's Global Copper Sulfate Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry's driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.
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Key Companies: BASF SE, Huntsman Corporation, Eastman Chemical Company, Hitachi Chemical Company, Zhuzhou Jinyuan Chemical, NOAH Technologies Corporation, WEGO Chemical Mineral Corporation, ATOTECH, Allan Chemical Corporation, and Kyocera Chemical, among others.
The Copper Sulfate market investigation report assesses the global market for the Copper Sulfate industry and provides revenue and capability forecasts for the projected period. The factors that drive the industry's growth are highlighted in the report. The report divides the Copper Sulfate market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.
Further key findings from the report suggest:
- The agricultural industry occupied a major share of the copper sulfate market globally. It is used as fungicide, herbicide, and pesticide. Paris gas, produced from copper sulfate, is an insecticide and is used as a raw material for the manufacture of chromate copper arsenate, used in wood preservative. It helps in protecting wood from pesticides, fungicides, and UV light-reflecting properties.
- Copper sulfate can be manufactured industrially by treating copper with hot concentrated sulfuric acid or its oxides with dilute sulfuric acid. Copper sulfate is purchased for laboratory applications. It can be produced by slowly leaching low-grade copper ore in the air, and bacteria can be used to accelerate the process.
- Reagent grade is generally equal to American Chemical Society (ACS) grade (≥95%) and is acceptable for drug, food, or medicinal use and is suitable for usage in many analytical and laboratory applications.
- The demand for copper sulfate in the European region is mainly from Spain, Italy, and France. The region imports most of its copper sulfate from third world countries such as Serbia, Ukraine, Russia, China, and Uzbekistan. High demand for the product in the animal feed industry is driving the demand in the region.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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Market Segmentation:
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The global Copper Sulfate market is segmented into:
Type Outlook (Revenue, USD Million; 2016-2027)
- Hydrous
- Anhydrous
Grade Outlook (Revenue, USD Million; 2016-2027)
- Industrial Grade
- Reagent Grade
Application Outlook (Revenue, USD Million; 2016-2027)
- Fungicide and Herbicide
- Medical and Public Health
- Analytical Reagent
- Others
End Users Outlook (Revenue, USD Million; 2016-2027)
- Agriculture
- Electricals
- Chemicals
- Medical
- Electroplating
- Leather and Textiles
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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