The Market Demand for Copper Sulfate (CAS 7758-98-7) is Growing Steadily, and the Application in Chemical Industry is More and More Widely

Copper sulfate is an inorganic compound that combines sulfur with copper. It’s stable at room temperature and pressure with not easy deliquescence, gradually weathering in dry air. It can kill bacteria, algae, roots, plants, snails, and fungi. The toxicity of copper sulfate depends on the copper content. Copper is an essential mineral, which can be found in the environment, foods, and water. Copper sulfate has been registered for use in pesticide products in the United States since 1956, and the copper sulfate industry has boomed ever since.

Copper sulphate (CAS 7758-98-7) can be classified into industrial grade and agricultural grade by type: Industrial grade copper sulfate has a purity of 96% and an acidity of less than 0.2%. The purity of agricultural grade copper sulfate is 98%, and the copper content is over 20%, which contains a small amount of metal. It has a wide range of agricultural uses in the world, occupying 75.25% of the market share in 2013.

Copper sulphate (CAS 7758-98-7) is widely used in daily life, mainly in the field of industry and agriculture. It is very essential for growth and prevention of numerous clinical and pathological disorders with all species of domestic animals, which is popular with the public and therefore occupies a higher market share. In addition, copper sulfate is mixed with lime milk to produce a Bordeaux mixture that is used as a fungicide. It can be used as a fungicide mixture of trees, shrubs and grapevines, for which is very effective against fungi, algae, bacteria and viruses. In paint, it also plays an indispensable role in paint, water treatment, wood preservation, food and beverage industries. Besides, copper sulfate can also be used as electrolytic copper refining electrolyte. Only with the presence of an electrolyte solution, such as copper sulfate, can an electric current be used to transfer the copper from the cathode of the copper to an anode made of another metal through electrolysis. Copper sulfate is also widely used in the mining industry to dissolve the surface layer of ore for easy mining.

Market Prospect Analysis of Copper Sulphate(CAS 7758-98-7) in Various Regions

Asia Pacific was the largest consumption market, with the rapid growth of the economy in this region. North America ranked the second market with the consumption market share of 29.39% in 2017. Europe\'s consumer market share in 2017 was 24.21 percent, ranking behind the United States Also, the South America and Africa markets for Copper Sulphate (CAS 7758-98-7) are expected to be the market with the most promising growth rate. Development of economy, huge downstream market and technology innovation progress in emerging economies such as India, Philippines, Thailand, Brazil, Saudi Araba and Vietnam has led to an increase in demand.

North America is the largest importer of copper sulphate (CAS 7758-98-7)while India, the Middle East and Africa are the largest consumer markets for copper sulphate. Influenced by agriculture and grazing, Asia has become the largest import region. Europe is the main exporter, basically cutting off the copper sulfate market, while other countries mostly rely on imports, mainly due to the uneven distribution of resources.

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Copper Sulphate (CAS 7758-98-7) industry has entered the mature period after a period of development. High-end companies are mainly from Japan, Europe and United States, while low-end companies are mainly in China and Southeast Asia, with relatively high industry concentrate rate. The top three companies are UMMC, XinTai Copper Industrial Co.,LTD, NEKK Industrial Group, with the revenue market share of 9.82%, 8.96%, and 7.31% in 2017.

Copper sulphate (CAS 7758-98-7) Industry Market Will Develop Steadily

According to our research, the global Copper Sulphate (CAS 7758-98-7) market has a total sales value of 612.99 M USD back in 2013 and increased to 685.57 M USD in 2018. We made the prediction that the value of Copper Sulphate (CAS 7758-98-7) markets can be 767.67 M USD by 2023. The CAGR of Copper Sulphate (CAS 7758-98-7) is 2.30% from 2017 to 2023.

In the foreseeable future, the global copper sulphate (CAS 7758-98-7) industry will be booming. A major factor driving the growth of the market is the increasing use of copper sulfate in the chemical industry, primarily as glass purification, catalysts and a source of copper. Copper sulphate (CAS 7758-98-7) is also the preferred electrolyte for a variety of applications, including electroplating, refining and battery development, further increasing the global demand for copper sulfate. The market for copper sulfate is expected to grow steadily as the economy develops, demand for downstream fungicides and electroplating applications increases. However, due to the presence of dioxins in copper sulfate, long-term exposure to copper sulfate can be toxic, and its use in agricultural production can cause environmental pollution, which will hinder the development of the global market for copper sulfate. Moreover, in many advanced economies, investment is discouraged by relatively low economic growth, slow productivity growth and low levels of aggregate demand and economic activity.

The growth of the Copper Sulphate (CAS 7758-98-7) market is largely driven by downstream consumptions. With the development of economy, growing market in Fungicide and Electroplate industries, Copper Sulphate (CAS 7758-98-7) market will grow slightly in the future. However, lack of technology in some regions, more stringent environmental protection policies will be the limiting factor of this industry.

Although sales of Copper Sulphate (CAS 7758-98-7) brought some opportunities, especially in the emerging countries, the study group recommends the new entrants who has not industry chain advantage and accurate positioning of the downstream segments do not enter into the Copper Sulphate (CAS 7758-98-7) field. What is more, the company in this industry should pay attention to their R&D, keep on launching new product, keep on innovation and improving services, then they may get the competition advantage, and get a bigger market share.

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