Copper Chemicals Market Projected to Reach $4.04 Billion by 2030 | In-Depth Analysis with Top Key Players

According to a new report published by Allied Market Research, titled, "Copper Chemicals Market: Opportunity Analysis and Industry Forecast, 2021-2030,"

The global copper chemicals market was valued at $2.62 billion in 2020, and is projected to reach $4.04 billion by 2030, growing at a CAGR of 4.50% from 2021 to 2030.

The global copper chemicals market is expected to head toward expansion in the coming years, owing to rise in demand for copper chemicals from agrochemical and ceramic industry. Copper chemicals are widely used as raw material in the production of pesticides such as herbicide, bactericide, and fungicide. In addition, it is also used as raw material in the production of ceramic. Growing farmers focus on increasing productivity by reducing the damage caused by fungi, algae, and bacteria has led to surge in demand for pesticides which is expected to drive the demand of copper chemicals from agrochemical industry. In addition, rapid industrialization and urbanization across the developing economies, such as China and India have led to surge in demand for new homes which is likely to fuel the demand of ceramic tiles.

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Copper chemicals have a valence of either +1 (cuprous compounds) or +2 (cupric compounds). These chemicals are not stable in water, and when dissolved they turn into a mixture of cupric ions and metallic copper. Copper chemicals are often green or blue, and are widely used as raw material in manufacturing of pesticides, paints, and ceramics.

Demand for copper chemicals has witnessed moderate growth driven by increase in penetration in applications such as agriculture, mining & metallurgy, ceramic, paints, textile, and others. All industry players are investing heavily to find new commercial avenues for their product segments via strategic production and business expansion. Some of the major factors that drive the demand for copper chemicals include increase in adoption of agrochemicals in developing countries, increased reliance on the use of fertilizers for productivity enhancement and shrinking arable land area.

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By type, the global copper chemicals market size is studied across copper sulphate, copper oxychloride, cupric oxide, cuprous chloride, basic copper carbonate, cupric chloride, and others. The copper sulphate segment accounted for the largest market share in 2020, owing to surge in demand from the agrochemical industry across the globe for pesticide production. The copper sulphate segment dominated the global copper chemicals market with more than three-fourths of the total market share in 2020.

Key Benefits for Stakeholders:

► The global copper chemicals market analysis covers in-depth information of major industry participants.

► Porter's five forces analysis help analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building.

► Major countries have been mapped according to their individual revenue contribution to the regional market.

► The report provides in-depth analysis of the global copper chemicals market forecast for the period 2021-2030.

► The report outlines the current global copper chemicals market trends and future scenario of the global copper chemicals market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.

► Key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global copper chemicals market study.

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Key Market Players:

► Bayer AG
► Atotech
► Sumitomo Metal Mining Co. Ltd
► Syngenta
► Brenntag
► NOAH Technologies Corporation
► William Blythe Limited
► Allan Chemical Corporation

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Frequently Asked Questions:

Q1. What are the key factors boosting the copper chemicals market growth?

Answer: Global demand for copper chemicals market is primarily driven by surge in demand from agrochemicals such as herbicide, bactericide, and fungicide owing to growing focus of farmers toward increasing productivity by reducing the damage caused by fungi, algae, and bacteria.

Q2. What will be the market value of copper chemicals in the forecast period 2021 to 2030?

Answer: The global copper chemicals market was valued at $2.62 billion in 2020, and is projected to reach $4.04 billion by 2030, growing at a CAGR of 4.50% from 2021 to 2030.

Q3. What are the most established players of the global copper chemicals market?

Answer: Bayer AG, Atotech, Sumitomo Metal Mining Co. Ltd., Syngenta, Brenntag, NOAH Technologies Corporation, William Blythe Limited, Allan Chemical Corporation, Jost Chemical, and Perrychem are the most established players of the global copper chemicals market

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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