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Global Copper Oxychloride Market By Application (Fungicide, Colorants And Pigments, Commercial Feed Supplement) - Growth, Future Prospects & Competitive Analysis, 2016 - 2023

The global copper oxychloride market was valued at US$ 248Mn in 2015 and is expected to reach US$ 343Mn by 2023, expanding at a CAGR of 4.4% from 2016 to 2023. Copper oxychloride, which is also known as basic cupric chloride and has the chemical formula CuCl23Cu(OH)2, is found in natural minerals and is also produced synthetically.

On the basis of applications, global copper oxychloride is segmented into fungicides, colorants and pigments, commercial feed supplements, and others (reagents, catalysts, etc.). Copper oxychloride consumption has gradually increased in the market due to increasing agricultural activities that demand fungicides. According to industry experts, fungicides, which accounted for a larger share of the global copper oxychloride market, will remain the key driver for the copper oxychloride market.

On the basis of regional distribution, the global copper oxychloride market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2015, Asia Pacific accounted for the largest and fastest-growing regional market for copper oxychloride and was expected to retain its dominance during the forecast period.

Increasing agricultural production to meet the demand from the rising population in the region and growing awareness about new technologies and products are the factors responsible for the growth in demand for copper oxychloride in the Asia Pacific. Europe accounted for the second-largest market for copper oxychloride and is expected to undergo perpetual growth in the near future. Other regions, such as North America, Latin America, the Middle East, and Africa, are also expected to experience a boost in demand for copper oxychloride in the market during the forecast period from 2016 to 2023.

Purpose of the Report

The purpose of this strategic research study titled "Global Copper Oxychloride Market: Growth, Opportunities, Share, and Competitive Analysis, 2016–2023" is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global copper oxychloride market.

Target Audience

  • Industry Investors
  • Procurement Managers from End User Companies
  • Manufacturers of Copper Oxychloride
  • Distributors

On the basis of its application, the copper oxychloride market is categorized into the following segments:

  • Fungicide
  • Colorants and pigments
  • Commercial Feed Supplement
  • Others (reagent, catalyst, etc.)

Global copper oxychloride market revenue is expected to grow at a rate of 4.4% over the forecast period of 2016–2023. Copper oxychloride, which is also known as tribasic copper chloride (TBCC), is widely used in fungicides. Fungicides accounted for more than 92.8% of the market in terms of volume and revenue and were projected to maintain their dominance during the forecast period.

The rising demand for copper oxychloride in the agriculture industry for use as a fungicide is the major factor driving the global market's growth. Fruit and vegetable crops are the major consumers of fungicides. Furthermore, rising demand for high-yield crops on confined arable land will propel market growth. The commercial feed supplement segment accounted for the second-largest share of the market in terms of revenue in 2015. It is used in feed formulations for most animal species. It is used to satisfy the minimal nutritional requirements of broilers, turkeys, pigs, and cows, among others.

On the basis of geography, the global copper oxychloride market is segmented into the following categories:

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • Middle East
  • Others (GCC and Africa, among others)

The global copper oxychloride market is segmented by geography into North America, Europe, Asia Pacific, and the Rest of the World regions. In 2015, Asia Pacific accounted for 31.44% of the global market in terms of revenue. It is projected to maintain its dominance during the forecast period on account of the rising usage of fungicides for crop protection. Furthermore, improving consumer food habits and a rising population coupled with a corresponding demand for food are projected to propel market growth over the forecast period. China accounts for the major share of the market in the Asia-Pacific region.

The Rest of the world's regions, especially countries in Latin America, are projected to witness significant demand for copper oxychloride during the forecast period owing to the increasing usage of agrochemical products and higher usage of fungicides for crop protection. North America accounted for the third-largest market for copper oxychloride in 2015. In the same year, the region accounted for 23.14% of the global copper oxychloride market.

Frequently Asked Questions:

The market for Copper Oxychloride Market is expected to reach US$ 343 Mn By 2023.

The Copper Oxychloride Market is expected to see significant CAGR growth over the coming years, at 4.4%.

The report is forecasted from 2016-2023.

The base year of this report is 2015.

Biota Agro Solutions Private Limited, Isagro S.p.A., Syngenta International AG, Killicks Pharma, Vimal Crop Care Pvt. Ltd. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Nov 2016
Category:  Chemicals
Report ID:   58204
Report Format:   PDF
Pages:   120
Rating:    4.3 (60)
Delivery Time: 24 Hours to 48 Hours   
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