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Allied Market Research

Copper Sulphate Market by End-Use Industry (Agriculture, Mining and Metallurgy, Chemicals, Construction, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030"

A12119
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Sep 2021 | 97 Views
   
Author(s) : Eswara Prasad
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COVID-19

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Copper Sulphate Market Analysis 2021-2028

Copper sulphate is made by heating copper metal with hot concentrated sulphuric acid or copper oxides with dilute sulphuric acid in an industrial setting. Copper sulphate is often acquired for laboratory usage. Copper sulphate may also be made by slowly leaching low-grade copper ore in air, which can be accelerated with the assistance of bacteria. It is used extensively in agriculture, particularly as fungicides. It is utilized in the chemical sector as a source of copper, as a catalyst, and for gas purification, in addition to the agricultural business. Paints and glues include copper sulphate, which is employed as an adhesive. Copper sulphate is the most often used electrolyte in the metal and electrical industries for applications such as refining, electroplating, and battery development. It is a key reagent/catalyst in the tanning process in the leather and textile industries. Anti-fouling paints are made from copper sulphate, which is a raw ingredient.

Market Scope and Structure Analysis

Report Metric

Detail

  Base year considered

  2020

  Forecast period

  2021-2030

  Forecast unit

  Value (USD)

  Segments Covered

  End-Use Industry and Region

  Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Companies Covered

Beneut Enterprise Co. Ltd., Blue Line Corp., Changsha Haolin Chemicals Co. Ltd., Highnic Group, JX Nippon Mining & Metals Corp., Merck KGaA, Noah Technologies Corp., Old Bridge Chemicals Inc., Sumitomo Metal Mining Co. Ltd., and Univertical LLC

 

Covid-19 Impact Analysis

  • Copper sulphate prices remained high toward the end of the quarter due to high copper oxide and sulphuric acid costs, as well as constrained regional supply. Due to decreasing demand, supplies of copper oxide and sulphuric acid was initially lower in the quarter. Following the pandemic, a substantial shift in consumer behavior has boosted regional CuSO4 demand from the healthcare industry.
  • Global firms need a new way to guarantee they produce value in a very competitive copper sulphate, peroxyacetic acid, and other algaecides market to avoid falling behind.
  • Despite the fact that the COVID-19 pandemic is still transforming the growth of numerous businesses, the outbreak's immediate impact is varied. While some industries may experience a decline in demand, many others will stay unaffected and exhibit strong development prospects.

Top Impacting Factors

Copper sulphate is used extensively in agriculture, particularly as fungicides. It is utilized in the chemical sector as a source of copper, as a catalyst, and for gas purification, in addition to the agricultural business. Paints and glues include copper sulphate, which is employed as an adhesive. Copper sulphate is becoming more popular as an animal feed addition, as copper is necessary for optimal bodily functioning. When exposed to copper sulphate over an extended length of time, however, it is mildly hazardous. Copper sulphate includes toxins since the bulk of it is made from waste copper. Toxins like dioxin, for example, are no longer desired by most consumer nations. The market's growth is expected to be aided by the rise of the copper market.

Market Trends

  • Copper sulphate is the most often used electrolyte in the metal and electrical industries for applications such as refining, electroplating, and battery development. It is a key reagent/catalyst in the tanning process in the leather and textile industries. Anti-fouling paints are made from copper sulphate, which is a raw ingredient.
  • More than half of the copper sulphate consumed worldwide comes from the agriculture sector. Copper sulphate is largely used in agriculture as an herbicide, fungal, and pesticide. A fungicide is copper sulphate penta-hydrate.
  • The demand for agrochemicals such as herbicides and insecticides has risen as the number of agricultural operations in the Asia-Pacific area has increased. As a result, demand for copper sulphate has surged in nations such as China and India.
  • Because agricultural output in the United States and Canada is also quite strong, demand for the chemical compound is likely to expand in North America.
  • Beneut Enterprise Co. Ltd., Blue Line Corp., Changsha Haolin Chemicals Co. Ltd., Highnic Group, JX Nippon Mining & Metals Corp., Merck KGaA, Noah Technologies Corp., Old Bridge Chemicals Inc., Sumitomo Metal Mining Co. Ltd., and Univertical LLC are the key competitors in the copper sulphate industry.
  • The industry is being propelled forward by increasing R&D for efficient fungicides and herbicides to safeguard agricultural production. The product's popularity is growing since it may be utilized as a catalyst. Furthermore, it is a popular electrolyte for a variety of applications, including battery development, electroplating, and refinement.
  • The demand from Europe remained robust, but the North American region's export potential was hampered by insufficient supply. Because of the market uncertainty that still hangs over the business, several traders seem hesitant to provide stocks at a discount.

Key Segments Covered

End-Use Industry

  • Agriculture
  • Mining and Metallurgy
  • Chemicals
  • Construction
  • Healthcare
  • Others Applications

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Benefits of the Report

This study presents the analytical depiction of the copper sulphate industry along with the current trends and future estimations to determine the imminent investment pockets.

  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the copper sulphate market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the copper sulphate market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed copper sulphate market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the copper sulphate market report

  • Who are the leading market players active in the copper sulphate market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is “copper sulphate “?
  • What does "copper sulphate market" allow organizations to achieve?
  • Which technologies combine to make “copper sulphate “a critical organizational asset?
  • What are the current trends and predicted copper sulphate trends?
 
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