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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, having chemical formula CuCl23Cu(OH)2is found in natural minerals and also produced synthetically. On the basis of applications, global copper oxychloride is segmented into fungicide, colorants and pigments, commercial feed supplement and others (reagent, catalyst, etc.). Copper oxychloride consumption has gradually increased in the market due to increasing agricultural activities demanding of fungicides.According to industry expertsfungicidewhich accounted for larger share of global copper oxychloridemarket will remain the key driver for copper oxychloridemarket.

On the basis of regional distribution, global copper oxychloride market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2015, Asia Pacific accounted as the largest and fastest growing regional market for copper oxychloride and is expected to retain its dominance during the forecast period. Increasing agricultural production to meet the demand from rising population in the region and growing awareness about new technologies and products are the factors responsible for growth in demand for copper oxychloride in Asia Pacific. Europe accounted as the second largest market for copper oxychloride and is expected undergo perpetual growth in the near future. Other regions such as North America, Latin America and Middle East & Africa are also expected experience boost in demand for copper oxychloride in the market during the forecast period from 2016 to 2023.

Copper Oxychloride Market

Purpose of the Report

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

Target Audience

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

USP and Key Offerings

The report titled “Global Copper Oxychloride Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023”offers strategic insights into the global copper oxychloride market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based onapplications, study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading copper oxychloride vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within copper oxychloride
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global copper oxychloridemarket, of growth, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.

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

  • Fungicide
  • Colorants and Pigments
  • Commercial Feed Supplement
  • Others (Reagent, Catalyst, etc.)

Copper Oxychloride Market

Global copper oxychloride market revenue is expected to grow at rate of 4.4% over the forecast period 2016-2023. Copper oxychloride, which is also known as tribasic copper chloride (TBCC), is broadly used in fungicides. Fungicides accounted for more than 92.8% share of the market in terms of volume and revenue and projected to maintain its dominance during the forecast period. Rising demand for copper oxychloride in the agriculture industry for usage as fungicide is the major factor driving the global market growth. Fruits and vegetable crops are the major consumers of fungicides. Furthermore, rising demand for high yielding crops in confined arable land will propel the market growth. 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 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 & Africa among others)

Copper Oxychloride Market

The global copper oxychloride market is segmented by geography into North America, Europe, Asia Pacific, and Rest of the World regions.In 2015, Asia Pacific accounted for 31.44% share of the global market in terms of revenue. It is projected to maintain its dominance during the forecast period on account of rising usage of fungicides for crop protection. Furthermore, improving consumer food habits, rising population coupled with corresponding demand for food is projected to propel the market growth over the forecast period. China accounts for the major share of the market in Asia Pacific region. Rest of the world 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 fungicide for crop protection. North America accounted as the third largest market for copper oxychloride in 2015. The region accounted for 23.14% share of global copper oxychloride market in the same year.

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Published Date:  Nov 2016
Category:  Chemicals
Report ID:   58204
Report Format:   PDF
Pages:   120
Rating:    4.3 (60)
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