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, due to which it is also known as blue vitriol, bluestone, vitriol of copper and roman vitriol. It is the most commonly used salt which is produced industrially by treating copper metal with hot concentrated sulfuric acid or its oxides with dilute sulfuric acid. Alternatively, it can also be produced by slowly leaching low grade copper ore in air. The latest report by IMARC Group titled, “Copper Sulphate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global copper sulphate market has grown at a CAGR of around 5% during 2009-2016, reaching a volume of more than 300 Thousand Tons in 2016.
Highlights of the Global Copper Sulphate market:
- It is widely in various industries owing to its functional properties.
- Agriculture sector represents the biggest market.
- Asia-Pacific represents the largest producer of copper sulphate.
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Copper sulphate finds a large number of applications in several industries such as farming, animal husbandry, healthcare, synthetic fibre, metal, mining, paint, etc. One of the biggest market for copper sulphate is the agricultural sector where it is used for treating copper deficient soils, as a soil steriliser, and in fungicides, herbicides, fertilizers, etc. In the healthcare sector, it is used in disinfectants and sterilizers, and in the manufacturing of copper catalysts. It also forms an essential component of anti-septic agents which are used in public swimming pools to inhibit the bacterial growth. Some of the other sectors include textiles, adhesives, chemical, etc. where it is used to manufacture products like insecticides, wood preservatives and preparation of catalysts for use in several industries. According to the report, the market is further expected to grow at a CAGR of 4% during 2017-2022, reaching a volume of more than 400 Thousand Tons by 2022.
An analysis of the key regions finds that Asia-Pacific represents the biggest consumer of copper sulphate. An increase in agricultural and animal husbandry activities in the region has contributed highly in accelerating the growth of the market. Asia-Pacific is followed by North America, South America and Europe. On the other hand, the US is the largest importer of copper sulphate, followed by Australia, Canada, Indonesia and Netherlands. An evaluation of the competitive landscape provides the details of the manufacturers operative in the market, including 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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The report by IMARC Group has examined the global copper sulphate market on the basis of:
End-Use:
- Farming and Animal Husbandry
- Other Applications
Region:
- Asia
- North America
- Europe
- Latin America
- Middle East and Africa
Major manufacturers:
- Lustros Inc.
- NEKK Europe Ltd.
- Xintai Copper Industrial Co. Ltd.
- Yunnan Copper Company Ltd.
- SimpL
- Cuprichem
- Old Bridge Chemicals Inc.
- UMMC
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