The latest report by IMARC, titled “North America Copper Sulphate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that North America copper sulphate market is growing at a CAGR of 2.6% during the forecast period (2022-2027). Copper sulphate, also known as driven or cupric sulphate, is a chemical compound that naturally occurs in the chalcocyanite mineral. It is found in bright blue or green colored crystals called pentahydrate. It is produced by treating copper metal or its oxides with hot concentrated sulfuric or dilute sulfuric acid. It is miscible with a variety of solvents and possesses beneficial fungicidal properties. In recent years, copper sulphate has gained momentum due to its extensive employment in numerous industry verticals, such as agriculture, mining, pharmaceutical, rubber, textile and petroleum, for dyeing and electroplating.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of the associated industries. These observations will further be integrated into the report.
North America Copper Sulphate Market Trends:
One of the primary factors driving the market is the rising product demand in the agriculture industry for controlling fungal diseases while maintaining copper deficiency in soils. Additionally, copper sulphate is used in the pharmaceutical industry in antiseptics and germicides against fungus infections to prevent malaria in the region. Other than this, the employment of copper sulphate limits the presence of algae in water bodies, thereby catalyzing the market growth. Besides this, copper sulphate is utilized as an adhesive in the production of glues and paints. Along with this, it finds application in the metal and electrical industry for electroplating, refining and development of batteries. Furthermore, the employment of copper sulphate for the preparation of various reagents, such as Benedict’s solution, Fehling’s solution, and Biuret reagent, is propelling the market growth. Moreover, its usage as an additive in animal feed, rising population and the constantly increasing food demand across the region are some of the other growth-inducing factors.
- Based on the end use, the market has been divided into agriculture, mining and metallurgy, chemicals, construction, and healthcare.
- Region-wise, the market has been classified into United States, Canada, and Mexico.
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