Global Copper Sulphate Market to cross USD 886.5 MN By 2025 with a CAGR Of 5% in 2019-2025
Posted On January 18, 2019
A recent market study by Value Market Research shows that the Global Copper Sulphate Market is anticipated to reach USD 886.5 MN by 2025 with a CAGR of 5% from 2019 to 2025. The market was valued at USD 630.0 MN (by revenue) in 2018. The report profiles few leading players Allan Chemical Corporation, ATOTECH, NOAH Technologies Corporation and WEGO Chemical & Mineral Corp among others.
The market segmentation covered by the report is as per application and geography.Copper sulphate, also referred to as cupric sulphate is a chemical compound with formula CuSO4.Copper sulphate is widely used across the agricultural industry as fungicides. Apart from the agricultural industry, it is also used in the chemical industry for various applications such as a source of copper, as a catalyst and for purification of gases. Additionally, this compound is also used as an adhesive in the production of paints and glues. Further, copper sulphate is the most preferred electrolyte for applications like refining, electroplating, and also used in the production of batteries. In the leather and textile industry, it is used as a key reagent/catalyst in the tanning process and is also used as a raw material for the manufacture of antifouling paints.
The report "Global Copper Sulphate Market Report By Application (Agriculture, Mining And Metallurgy, Chemical, Construction And Healthcare) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025" comprises of a complete backdrop analysis which includes assessment of the important changes in the market dynamics and is a valuable source of guidance and direction for vendors and individuals interested in the industry.
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The agricultural industry is accounted for the largest consumer of copper sulphate globally where they are primarily used as herbicide, fungicides, and pesticides. Rising number of agricultural activities worldwide has fueled the demand for agrochemical products, thus driving the market growth. The report identifies increasing demand from the construction industry where they are used as an additive in concrete to impart water resistance qualities. Growing usage of copper sulphate in printing ink, fireworks, artworks as a coloring agent, and hair dye, among other applications, is again expected to upsurge the market growth.
Market segmentation has been done on the basis of application and region. Copper sulphate finds application across agriculture, mining and metallurgy, chemical, construction, and healthcare. Out of which, the agriculture industry is gaining traction in the market owing to its rising usage of copper sulphate in preparation of herbicides, fungicides, pesticides, and fertilizers in animal feedstock sulphate.
Geographical analysis has been conducted over top-five region namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Currently, Asia-Pacific is dominating the market owing to the increase in the agricultural activities to meet the need of growing population in the region.
The Report Segments Global Copper Sulphate Market -
- Mining And Metallurgy
- North America
- Latin America
- Middle East And Africa
Allan Chemical Corporation, ATOTECH, NOAH Technologies Corporation and WEGO Chemical & Mineral Corp.
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