Copper Oxychloride Market - Industry Analysis, Share, Size, Forecast 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.

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Copper oxychloride, also known as tribasic copper chloride (TBCC), is widely used in fungicide. It competes with numerous copper compounds for different applications. Increasing demand for copper oxychloride in the agriculture industry for usage as fungicide is the major factor driving the global copper oxychloride market. Fruits and vegetable crops are the major consumers of fungicides. Various generic as well as specific fungicides have been developed for applications in fruits and vegetable crops. Copper oxychloride is employed in the manufacture of commercial feed supplements. It is used in feed formulations for most animal species. Additionally copper oxychloride is employed in the manufacture of colorants and pigments for ceramics and glasses.

Market dynamics of copper oxychloride are highly region oriented and exhibit distinctive trends in different regions. In terms of region, Asia Pacific held the largest share of the global copper oxychloride market in 2015. Currently, China dominates the copper oxychloride market in Asia Pacific. In terms of volume, Asia Pacific accounted for more than 30% share of the global copper oxychloride market in 2015. Demand for copper oxychloride in the region is expected to rise owing to the increasing usage of fungicides for crop protection since the last few years. Countries such as India, Bangladesh, and those in Southeast Asia have been experiencing strong demand for fungicides since the last few years. Europe held the second largest share, while North America constituted the third largest share of the global copper oxychloride market in 2015. The copper oxychloride market in Europe and North America is likely to experience sluggish growth during the forecast period owing to the slow economic growth in these regions. This, in turn, is estimated to hamper the demand for copper oxychloride in these regions. Availability of various substitutes for different applications is likely to adversely affect the copper oxychloride market in the region. The increasing usage of crop protection chemicals in Latin America is projected to boost the demand for copper oxychloride during the forecast period. The region is anticipated to expand at a fastest CAGR during the forecast period.

Key players operating in the copper oxychloride market include Albaugh, LLC, Biota Agro Solutions Private Limited, IQV, Isagro S.p.A., Killicks Pharma, Manica S.p.A., SPIESS-URANIA, Syngenta, and Vimal Crop Care Pvt. Ltd.

The report segments the global copper oxychloride market as follows:
Copper Oxychloride Market - Application Analysis
-Fungicide
-Colorants & Pigments
-Commercial Feed Supplement
-Others (Including pyrotechnics and catalyst)

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Copper Oxychloride Market - Regional Analysis
-North America
-U.S.
-Rest of North America
-Europe
-Germany
-Italy
-France
-U.K.
-Russia
-Rest of Europe
-Asia Pacific
-China
-Japan
-ASEAN
-Rest of Asia Pacific
-Latin America
-Brazil
-Rest of Latin America

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