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, 2023-2032
Owing to rising demand from agriculture, mining, horticulture, paint and dye industry is driving the market growth. Rising demand from the agriculture sector owing to herbicide and fungicide is again fueling the market growth. Use of copper sulphate as an electrolyte in metal plating process is likely to upsurge the market demand. Additionally, use of copper sulphate as anti-fouling paint to suppress the growth of marine algae, weed and other floral bodies is again pushing its demand from marine and paints industry.
The latest report by Value Market Research expects the Global Copper Sulfate Market was valued USD 600 million in 2017 and is likely to reach at USD 875 million by 2024 with CAGR of 5%.
AGRICULTURE DOMINATED THE APPLICATION SEGMENT
In 2017, agriculture led the application segment by accounting major market share. Use of copper sulfate as a weed suppressor, fungicide and herbicide, it is driving its application in agricultural sector. Rising demand for food and increased R&D for effective fungicide and herbicides to protect farm yield is again fueling the segment growth. Apart from this, it also acts as micronutrient in copper deficient soil is further boosting the market demand in agricultural application.
ASIA PACIFIC LED THE REGIONAL MARKET
Geographically, Asia Pacific dominated the market and has accounted for over 2/3rd of the total market share in 2017. Rise in agricultural activities due to increased population leading to the growing demand of agricultural yield is driving the regional market growth.
KEY PLAYERS OF THE MARKET
Allan Chemical Corporation, ATOTECH, NOAH Technologies Corporation and WEGO Chemical & Mineral Corp. are the major players of the market. Some of the players are investing in plant to stream the production process to cater end-use industries. For instance, Camrova Signs Binding LOI for Investment in Small-scale Copper Plant in Chile.
As per this study the Global Copper Sulphate Market was valued USD 516.99 MN (by revenue) in 2021 and is anticipated to reach USD 732.32 MN by 2028 with a CAGR of 5.1%.
Copper sulphate alternatively as cupric sulphate is a bright blue colored inorganic compound having chemical formula CuSO4. It is highly toxic, odorless, crystalline compound used to suppress the weed and fungal growth. It was formally known as blue vitriol, roman vitriol, and blue stone. Copper sulphate is extensively used as herbicide, fungicide, micronutrient and also act as plating and surface treating agent for various applications.
The copper sulphate market is majorly driven on account of robust demand from agricultural sector. Copper sulphate is extensively used in synthesis of fungicide, used as weed killer in water bodies and also prevents damping of seeds; this is again fueling market demand in various sectors. Also, it is used as electrolyte in copper refining and copper plating process, is fueling its demand in metal industry. Furthermore, rising demand of copper sulphate as activator for mineral processing is again pushing its market growth uphill.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of copper sulphate.
The broad copper sulphate market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
Mining And Metallurgy
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for copper sulphate in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Copper Sulphate Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the copper sulphate market include Allan Chemical Corporation, ATOTECH, NOAH Technologies Corporation and WEGO Chemical & Mineral Corp. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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1 . PREFACE
1.1. Report Description
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Copper Sulphate Market
2.2. Global Copper Sulphate Market Snapshot
3 . COPPER SULPHATE – INDUSTRY ANALYSIS
3.2. Market Drivers of Copper Sulphate Market
3.3. Market Restraints of Copper Sulphate Market
3.4. Opportunities of Copper Sulphate Market
3.5. Trends of Copper Sulphate Market
3.6. Porter's Five Force Analysis of Copper Sulphate Market
3.7. Copper Sulphate Market Attractiveness Analysis
3.7.1 Market Attractive Analysis by Application
3.7.2 Market Attractive Analysis by Region
4 . VALUE CHAIN ANALYSIS
4.1. Copper Sulphate Value Chain Analysis
4.2. Copper Sulphate Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Copper Sulphate Raw Material Manufactures List
4.2.3. Price Trend of Copper Sulphate Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL COPPER SULPHATE MARKET ANALYSIS BY APPLICATION
5.1 Overview by Application
5.2 Global Copper Sulphate Market Analysis by Application
5.3 Market Analysis of Agriculture by Regions
5.4 Market Analysis of Mining And Metallurgy by Regions
5.5 Market Analysis of Chemical by Regions
5.6 Market Analysis of Construction by Regions
Frequently Asked Questions (FAQs) about this Report
The global copper sulphate market size is expected to be valued USD 516.99 MN in 2021.
The worldwide copper sulphate market growth is estimated to grow by around 5.1% from 2023 to 2028.
Asia Pacific occupies the highest market share in the global copper sulphate market.
The global copper sulphate market is segmented by Application (Agriculture, Mining And Metallurgy, Chemical, Construction And Healthcare).
The leading players in the global copper sulphate market are Allan Chemical Corporation, ATOTECH, NOAH Technologies Corporation and WEGO Chemical & Mineral Corp.