Copper Oxychloride Market for Fungicide, Colorants & Pigments - Trends and Forecast 2016 - 2024

Copper oxychloride, also known as tribasic copper chloride (TBCC), is a greenish colored solid that is crystalline in nature. Copper oxychloride is prepared through numerous methods. These include oxidation of Cu(I)Cl in brine solution and the micronutrients process with copper or cuprous oxide as raw material. Furthermore, copper oxychloride is prepared by reacting cupric chloride in solution with cupric hydroxide. Copper oxychloride is widely employed as fungicide on several fruits and vegetable plants. It is also used in commercial feed supplements, as copper is one of the vital minerals for metabolic functions.

Copper oxychloride is used in pyrotechnics to make blue color. It is used in pyrotechnics owing to the low cost of the product as compared to other copper compounds. Copper oxychloride is also employed for colorant and pigment applications in ceramics and glasses. Furthermore, it is used as a catalyst for oxidation and chlorination in organic synthesis. Increasing demand for copper oxychloride in the agriculture industry owing to its usage as fungicide is a major factor driving the global copper oxychloride market. Fruits and vegetable crops are the major consumers of fungicides. Various generic and specific fungicides have been developed for applications in fruits and vegetable crops.

DOWNLOAD INDUSTRY RESEARCH REPORT BROCHURE FOR MORE PROFESSIONAL AND TECHNICAL INSIGHTS: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4032

Copper oxychloride is used as an agricultural fungicide in the manufacture of crop protection chemicals. It is a highly efficient fungicide for crops such as tomatoes, potatoes, stone fruit, celery, grapes, avocados, citrus, carnation, and coffee. Fungicide segment dominated the global copper oxychloride market and accounted for more than 90% volume share in 2015.It is expected to remain dominant segment during the forecast period. Copper oxychloride is sprayed on crops to prevent any infection or disease and promote their healthy growth. As a coloring agent, it is used in wall paintings, illuminations, and manuscripts.

Copper oxychloride is also employed in the manufacture of commercial feed supplements. It is used in feed formulations for most animal species such as turkeys, chickens, pigs, horses, dairy cattle, and pets. Copper oxychloride is employed as green or blue coloring agent in the manufacture of pyrotechnics. It is used as a catalyst for various reactions such as the production of vinyl chloride. Copper oxychloride is also employed as a catalyst for various organic synthesis reactions.

In terms of demand, Asia Pacific accounted for the more than 30% of the copper oxychloride market in 2015. Increasing usage of fungicide for crop protection in Asia Pacific coupled with rising demand for food is likely to boost the demand of copper oxychloride in the near future. China accounts for the major of demand for copper oxychloride in Asia Pacific. Developed regions such as Europe and North America are expected to hold the second and third largest share of the global market, despite the sluggish economic growth. Rapid expansion in population has raised food security concerns.

Underdeveloped and developing countries still lack proper infrastructure for storage and distribution of food grains. Significant increase in yield is possible through the usage of agrochemicals such as fungicides. Thus, the fungicide market is anticipated to expand at a rapid pace. Governments across the world are promoting the use of agrochemicals such as fungicides to secure food supply for their citizens. Latin America is anticipated to experience strong demand for copper oxychloride during the forecast period due to the rising usage of agrochemical products and higher usage of fungicide for crop protection.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us:-

Transparency Market Research

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

This release was published on openPR.