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- Global Copper Sulphate Market
Global Copper Sulphate Market to Grow at 3.07% During 2022-2027, Impelled by Multifarious Applications
January 04, 2022
According to the latest report by IMARC Group titled, “Copper Sulphate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global copper sulphate market reached a volume of 409.8 Kilo Tons in 2021. Copper sulphate (CuSO4) is a salt of copper that is commonly found in the form of bright blue- or green-colored crystals. It occurs in different amounts of hydration, due to which it is also called bluestone, roman vitriol, vitriol of copper and blue vitriol. It is non-combustible with a melting point of 200°C. The toxicity level of copper sulphate depends on the copper content in the compound. Moreover, it finds several industrial applications in textiles, leather, wood, batteries, ink, petroleum, paint, and metal.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Copper Sulphate Market Trends:
The market is primarily driven by the increasing application of CuSO4 across diverse industries. It is used in the chemical industry for glass purification, as a catalyst, and as a copper source. In addition, CuSO4 is increasingly adopted in the electrical industry for various applications such as electroplating, refining, and development of batteries. Besides this, an increasing number of agricultural activities have fueled the demand for agrochemical products such as herbicides and insecticides, which represents a major growth-inducing factor. CuSO4 is widely used in the agriculture sector as a fungicide and as an animal feed supplement to maintain proper body function. Moreover, CuSO4 is also utilized as an analytical reagent to prepare several reagents such as Fehling’s solution, Benedict’s solution, and Biuret reagent. On account of these factors, IMARC Group expects the market to exhibit a CAGR of 3.07% during 2022-2027.
Market Summary:
- On the basis of end-use, the market has been classified into agriculture, mining and metallurgy, chemicals, construction, and healthcare. Among these, the agriculture sector accounts for the majority of the total market share.
- Region-wise, the market has been divided into Asia-Pacific, North America, Europe, Latin America, and Middle East, and Africa, wherein Asia Pacific exhibits a clear dominance in the market.
- On the basis of the import and export, The United States represents the largest importer, whereas the Russian Federation is the biggest exporter of copper sulphate worldwide.
- The competitive landscape of the market has been examined in the report, along with a detailed list of the major players operating in the industry.
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