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According to IMARC Group’s recently published report titled “Copper Sulphate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, 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 reached a volume of 406.8 Kilo Tons in 2020 and is expected to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
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. The report provides a comprehensive insight of the industry including its market breakup by region, market breakup by end-use, 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, detailed process flow, the chemical reactions involved, raw materials and their requirements, etc.
IMARC Group provides an analysis of the key trends in each sub-segment of the global copper sulphate market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region and end-use.
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 is followed by North America and Europe. Based on the analysis of the global import and export data, the report finds that the United States 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, Indonesia, Canada and Germany. The Russia 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 Mexico, Turkey, China and South Africa.
The competitive landscape of the market has also been analyzed in the report.
The global copper sulphate market reached a volume of 406.8 Kilo Tons in 2020.
The rising global population, with the extensive utilization of copper sulphate in the agricultural sector for manufacturing of fungicides, herbicides, fertilizers, etc., represent some of the factors driving the global copper sulphate market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for copper sulphate.
Based on the end-use, the global copper sulphate market can be segmented into farming, animal husbandry, healthcare, industrial, adhesives, building, chemical, and textiles. Currently, the farming sector accounts for the majority of total market share.
On a regional level, the market has been classified into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa, where Asia Pacific dominates the global market.
Some of the major players in the global copper sulphate market include Lustros Inc, NEKK Europe Ltd, Xintai Copper Industrial Co. Ltd., Yunnan Copper Company Ltd., SimpL, Cuprichem, Old Bridge Chemicals Inc., and UMMC.
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