Copper sulphate or cupric sulphate (CuSO4) is a salt of copper which exists in varying amounts of hydration. Most commonly, it is found as bright blue or green coloured crystals, called pentahydrate (CuSO4.5H2O). Copper sulphate has wide range of applications and has been used since ages for manufacturing a variety of products ranging from fungicides to paints. According to IMARC Group’s recently published report titled “Copper Sulphate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global copper sulphate market is currently being driven by a continuously increasing global population and an ever-growing demand for food. According to the report, this market grew at a CAGR of around 5% during 2010-2017. The report provides a comprehensive insight of the industry including its market break-up by region, market breakup by end-uses, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight to the manufacturing process of copper sulphate covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc.
The report has segmented the global copper sulphate market on the basis of its end-uses. Copper sulphate finds wide ranging applications encompassing a number of industries such as farming, animal husbandry, healthcare, industrial, etc. One of the biggest market for copper sulphate is the agricultural sector where it is employed majorly in fungicides, herbicides, fertilizers, etc. followed by the animal husbandry sector. In the healthcare sector, it is used in sterilizers and disinfectants. Other sectors include the adhesives, building, chemical, textiles industries, etc. where it is used to manufacture products like insecticides, wood preservatives and paints.
The report has also segmented the global copper sulphate market according to its key regions and finds that the Asia-Pacific region represents its biggest consumer. Influenced by the presence of large agricultural and animal husbandry industries, this region accounts for the majority of the total global consumption. Asia Pacific was followed by North and South America and Europe. Based on the analysis of the global import and export data, the report finds that the United States currently represents the largest importer of copper sulphate accounting for around one fifth of the total global import volumes. The United States was followed by Australia, Canada, Indonesia and Netherlands. The Russian Federation is the world's largest exporter of copper sulphate accounting for around one fifth of the total global exports. The other major exporting countries were Chinese Taipei, Mexico, China and Canada.
The essential aspects of the global copper sulphate market evaluated in the report include:
- Market trends
- Major regions
- Key application areas
- Key manufacturers
- Price trends
- Raw material requirements
- Chemical reactions involved in the manufacturing process;
- Major importers and exporters
- Value chain analysis
- Market trends for major feedstocks
- Price trends for major feedstocks
- Key regions for major feedstocks
- Key application areas for major feedstocks and
- Key players for major feedstocks.