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 2020-2025”, 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 4.2% during 2014-2019. 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.
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 Malaysia. The China 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 Russia, Mexico, South Africa and Chile.
Key Questions Answered in This Report:
The global copper sulphate market was worth around US$ 664 Million in 2019.
According to the estimates by IMARC Group, the global copper sulphate market will exhibit moderate growth during the next five years.
The market is experiencing a negative impact due to the coronavirus disease (COVID-19) outbreak, which has disrupted the operational efficiency of various manufacturing units.
Due to the rising population, the demand for fertilizers is escalating in the agriculture industry to meet global food requirements. As copper sulphate is utilized in the production of fertilizers, its sales are increasing worldwide.
The expanding applications of copper sulphate in the healthcare, textile and chemical industries act as a significant trend in the market.
Based on the end use, the market has been divided into agriculture, mining and metallurgy, chemicals, construction, and healthcare sectors.
On the geographical front, the market has been segmented into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa.
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