The recent “Copper Sulphate Market” report by Report Ocean gathers insights and assessments through genuine consultations with key stakeholders, including CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors. This comprehensive study aims to thoroughly examine the global industry, target market, competition, and various influencing factors. Ask for Free Sample Report
The report on the “Copper Sulphate Market” conducts a data-driven quantitative analysis of the relevant industry. It utilizes research based on public records to identify significant patterns. Additionally, it provides predictions for the market sector’s growth between 2024 and 2032. The research primarily focuses on major global market manufacturers, analyzing sales volume, rates, competitive aspects, market share, and development strategies up to 2032.
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Global Copper Sulphate Market Analysis and Growth Forecast:
The global copper sulphate market in 2021 was valued at USD 1,170.7 Million and is projected to reach USD 1,500.4 Million by the year 2027. The market is anticipated to register a CAGR of 4.2% over the projected period. In 2021, around 298 kilo tons of copper sulphate was estimated to be sold.
Copper sulphates is an inorganic compound, which is most commonly used as a algaecide, herbicide, root killer, and fungicide in non-agricultural as well as agricultural settings. Rising applications of copper sulphate across various industries and extensive use of copper sulphate in the agriculture industry is expected to boost the market growth. Furthermore, increase in the demand for electrical & electronic and textile products is also expected to fuel the market growth. Despite the driving factors, health impact of copper sulphate is estimated to restrain the market growth.
Extensive use of copper sulphate in the agriculture industry
Copper sulphate has numerous applications in the agriculture industry. It is used as a fertilizer and in the management of plant diseases. It is commonly used a fungicide in organic agriculture. Other agricultural uses of coper sulphate include preparation of Bordeaux & Burgundy mixtures on the farm, correction of copper deficiencies in soil, stimulation of growth for broiler chickens & fattening pigs, correction of copper deficiency in animals, and as a molluscoid for destruction of snails & slugs, especially the snail host of the liver fluke. Hence, extensive usage of copper sulphate in the agriculture industry is expected to boost the market growth.
Key players operating in the global copper sulphate market include Beneut Enterprise, Blue Line Corporation, Changsha Haolin Chemicals Co., Ltd, Highnic Group, JX Nippon Mining & Metals Corporation, NEKK Industrial Group, Noah Technologies Corporation, Sumitomo Metal Mining Co., Ltd., Univertical Corporation, UMMC-Holding Corp., and Other Prominent Players. The cumulative market share of the top 8 players is more than 50%. Changsha Haolin Chemicals Co. Ltd has products such as copper sulphate pentahydrate (feed grade) and copper sulphate pentahydrate (industrial grade).
These market players are engaged in mergers & acquisitions, collaborations, and new product launches to strengthen their market presence. For instance, in November 2021, Sumitomo Metal Mining Canada Ltd (SMCL), a subsidiary of Sumitomo Metal Mining & Co., Ltd signed an agreement with Kenorland Minerals Ltd, Vancouver, Canada-based exploration company. SMCL acquired 10.1% stake in Kenorland Minerals and the acquisition is valued at approximately USD 4.07 million.
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The global copper sulphate market is segmented the type and application.
The pentahydrate segment is expected to account for the largest market share of 50% in 2021. Pentahydrate is the most common form of copper sulphate, which increases its demand due to easy availability as compared to the other types, hence contributing to the large market share.
Mining & Metallurgy
The home-use oxygen segment is expected to hold the largest market share owing to the increasing spending and preference on home healthcare devices. Within the industrial oxygen segment, the gold mining segments volume is approximately 35% of the steel industry’s volume in 2021 and this is expected to reach about 40% by 2027. This is owing to the high usage of oxygen for gold extraction. Also, the glass blowing segment is expected to account for a market size of USD 86.9 million by 2027.
Based on region, the global Copper sulphate market is divided into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.
The Asia Pacific region is expected to hold the largest market share of around 45% in 2021 owing to the constantly developing agriculture industry in China and India. North America is estimated to surpass a market value of USD 300 million by 2025 owing to adoption of advanced products to enhance agricultural produce. Within Europe, among the type segment, pentahydrate segment is projected to grow at the highest growth rate of around 3.8% over the projected period.
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The global Copper sulphate market report provides insights on the below pointers:
Market Penetration: Provides comprehensive information on the market offered by the prominent players
Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global copper sulphate market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global Copper sulphate market report answers questions such as:
- What is the market size and forecast of the Global Copper sulphate Market?
- What are the inhibiting factors and impact of COVID-19 on the Global Copper sulphate Market during the assessment period?
- Which are the products/segments/applications/areas to invest in over the assessment period in the Global Copper sulphate Market?
- What is the competitive strategic window for opportunities in the Global Copper sulphate Market?
- What are the technology trends and regulatory frameworks in the Global Copper sulphate Market?
- What is the market share of the leading players in the Global Copper sulphate Market?
- What modes and strategic moves are considered favorable for entering the Global Copper sulphate Market?
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Market Synopsis: This section encapsulates the present market scenario and outlines the industry’s scope. It includes a comprehensive analysis of key segments such as product types, applications, and regions, with revenue and sales forecasts provided as part of this overview.
Competitive Landscape: Illuminating the market’s competitive terrain, this section presents an in-depth analysis of manufacturers, offering insights into individual players’ revenue and sales figures. Additionally, it encompasses noteworthy details on mergers, acquisitions, and industry investments.
Regional Analysis: Providing an overview of market revenue, sales, and shares across major regions and sub-regions, this segment also explores the pricing structure, sales growth rate, and other crucial estimations.
Company Profiles: This section provides strategic business insights about key firms operating within the market landscape. It covers product specifications, revenue shares, and portfolios of these major companies.
The Analysis Objectives of the Report are:
To determine the size of the Market by identifying its sub-segments.
To research the key players and analyze their growth strategies.
To assess the size and value of the Market based on key regions.
To analyze the Market in terms of growth trends, potential, and participation in the overall sector.
To investigate the Market size (volume and value) from the company, key regions/countries, goods and applications, and background data.
Primary Market manufacturers to specify, clarify, and analyze the product sales volume, value, market share, market rivalry landscape, SWOT analysis, and future development plans.
To investigate market competitive developments such as market expansions, agreements, new product launches, and acquisitions.
What is new in 2024?
– Major developments that can change the business landscape as well as market forecasts.
– Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.
– Coverage of new market players and change in the market share of existing players of the market.
– Updated financial information and product portfolios of players operating in the market.
– Updated market developments of the profiled players.
– Any new data points/analysis (frameworks) which was not present in the previous version of the report
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