According to the Market Statsville Group (MSG), the global copper sulphate market size is expected to grow from USD 1,316.2 million in 2022 to USD 2,271.9 million by 2033, at a CAGR of 4.6% from 2023 to 2033.
Copper sulphate is a widely used inorganic compound commonly used as an agricultural pesticide, in animal feed supplements, and in various industrial applications such as electroplating and mining. The need for higher crop yields and better animal health primarily drives the increasing demand for copper sulphate in agriculture and animal feed supplements. The growing use of copper sulphate in the electroplating and mining industries contributes to market growth. Furthermore, the rise in industrialization and urbanization across emerging economies is expected to create a significant demand for copper sulphate, particularly in developing regions such as Asia Pacific and Latin America. However, the market growth may be restrained by factors such as fluctuations in raw material prices and increasing concerns over the environmental impact of copper sulphate use.
Copper sulphate is an inorganic compound, a blue crystalline solid soluble in water. Copper sulphate is commonly used for various industrial, agricultural, and medical purposes. In agriculture, copper sulphate is widely used as a pesticide and fungicide to control various plant diseases and pests. It is also used as a feed additive for animals to improve their growth and health. In the industrial sector, copper sulphate is used in electroplating, mining, and as a catalyst in chemical reactions. It is also used to manufacture dyes, pigments, and inks. In the medical field, copper sulphate is used as a topical antiseptic to treat skin infections and wounds. It is also used in some medications for its antibacterial and anti-inflammatory properties. Furthermore, copper sulphate is used in laboratories for various chemical tests and experiments.
The COVID-19 pandemic has had a mixed impact on the global copper sulphate market. While the market has been negatively affected by the pandemic, it has also been positively influenced by certain factors. On the negative side, the pandemic has caused disruptions in supply chains, leading to the scarcity of raw materials used in the production of copper sulphate. This has resulted in an increase in the price of copper sulphate in some regions, which has affected the demand for the compound. The pandemic has also led to a decline in the global economy, which has impacted the demand for copper sulphate in certain end-use industries such as construction and manufacturing. The lockdowns and restrictions on movement have led to a decrease in the use of copper sulphate in several applications.
On the positive side, the pandemic has led to an increase in the demand for copper sulphate in the healthcare industry. Copper sulphate has been found to have antibacterial properties and is being used as a disinfectant in hospitals and other healthcare settings. Furthermore, the pandemic has also led to an increase in demand for copper sulphate in agriculture as farmers seek to improve their crop yields and protect their crops from diseases.
Electronic devices are highly penetrated products among a wide range of technical consumer goods in households. On one side, television sets with wider screen sizes are receiving popularity. On the other side, the miniaturization of electronic components is on the rise. Besides, the demand for various type of textiles for the clothing trend is also increasing. In both the industry, copper sulphate is widely being used, is the factor that is driving the growth of copper sulphate market during the forecast period. For the textiles industry, copper sulphate is used for the preparation of copper compounds for rot-proofing canvas and other fabrics, rot-proofing sandbags, mordant, especially in calico printing, cuprammonium process for the production of rayon, production of aniline black and diazo colors for dyeing, ‘after coppering’ to increase the fastness of dyes, and catalyst in the manufacture of cellulose ethers and cellulose acetylation, among others.
Further, for electrical, it is used as a constituent of the electrodes and electrolytes in batteries, electrolytes in the manufacture of copper powder, electrolyte in aluminum plating and anodizing, and copper coating steel wire, among others. Electroplating is used in the electronics manufacturing process to bind the positive copper ions from copper sulphate to the appropriate surface. Any other positive ions present in the copper sulphate, such as iron, calcium, or chromium, are plated to the surface as a result of this electroplating process, generating impurities in the copper and lowering its conductive efficiency. To ensure the high quality required, all impurities in the copper sulphate must be measured before use. Thus, it is a high-quality substance for manufacturing electrical products. Besides, rapid development in electrical and electronic products requires a huge amount of copper for electrical conduction. In the metal and electrical sectors, it's commonly employed as an electrolyte in refining, electroplating, and battery creation. Thus, copper sulphate features for the rapidly growing industry are driving market growth during the forecast period.
Using copper sulphate can cause various hazardous health impacts to people, hindering market growth during the forecast period. For instance, copper sulphate can irritate the eyes badly. Copper sulphate can cause nausea, vomiting, and damage to body tissues, blood cells, the liver, and kidneys if consumed in significant doses. Extreme exposures might result in shock and death. Copper sulphate has a similar effect on mammals. Lack of appetite, vomiting, dehydration, shock, and death are among symptoms of poisoning in animals. The color of diarrhea and vomit can range from green to blue. Further, copper sulphate is commonly used as a pesticide and seed fungicide all over the world. Many incidents of intoxication from this drug have been reported among farm laborers who have absorbed considerable amounts of it through their skin. It's also been used for self-harm, most commonly by ingesting it. Methaemoglobinaemia and mortality can result from toxic quantities of the chemical. Copper sulphate is hazardous to fish and plants, thus spills and leaks must be avoided. Copper sulphate is easiest to manage while dry, but liquid spills can be pumped into waste containers and tossed away. Integrates multiple copper sulphate should not be reused, and all materials should be dealt with in accordance with local, state, and federal laws.
Moreover, many people in rural Africa have often been exposed to copper sulphate and its toxicity while farming. As a result, healthcare workers must be able to identify and treat copper sulphate toxicity. Due to the ease with which copper sulphate may be purchased in Botswana, and possibly other African countries, along with the high prevalence of HIV/AIDS and unwanted pregnancies, copper sulphate may be used to try pregnancy termination. Thus, awareness among people of developing countries should be created for the use of copper sulphate.
The rapidly rising use of copper sulphate in agriculture will open many opportunities to the global copper sulphate market. Copper sulphate is a highly versatile chemical with as many industrial applications as it does in agriculture. Its primary use is in agriculture, and up until a generation or two ago. The agricultural industry, primarily using copper sulphate in fungicides, herbicides, fertilizers, and other products, is the largest market for copper sulphate. The rise in the need for high-quality food is helping agrochemical companies invest and develop high-quality chemicals to boost crop yield. Copper sulphate is vital to growing plants. The huge contribution of agriculture industry, and rising demand for agriculture products, has led to increased copper sulphate demand for the agriculture industry.
The major uses of copper sulphate in the agriculture industry include the preparation of bordeaux and burgundy mixtures for use as fungicides, the manufacture of other copper fungicides such as copper-lime dust, tribasic copper sulphate, copper carbonate and cuprous oxide, the manufacture of insecticides such as copper arsenite and Paris green, control of fungus diseases, correction of copper deficiency in soils, correction of copper deficiency in animals, growth stimulant for fattening pigs and broiler chickens and molluscicide for the destruction of slugs and snails, particularly the snail host of the liver fluke, among others.
The study categorizes the copper sulphate market based on type and application at the regional and global levels.
Based on the type, the market is divided into anhydrous, pentahydrate, and others. The anhydrous segment is expected to dominate the market share with 48.2% in the global copper sulphate market in 2022. Anhydrous copper sulphate is the form of copper sulphate that does not contain any water molecules in its crystal structure. It is a fine, white powder highly soluble in water and is used in various applications across several end-use industries. The anhydrous form of copper sulphate is primarily used in agriculture as a pesticide and fungicide. It is also used as an animal feed additive to improve the growth and health of livestock. The anhydrous form is also used in the electroplating industry as an electrolyte, in the mining industry as a flotation reagent, and in the chemical industry as a catalyst in chemical reactions.
Based on the regions, the global copper sulphate market has been segmented across Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. North America is projected to account for the highest market share of 44.8% in 2022. The demand for copper sulphate in North America is driven by several factors, including its diverse range of applications and its effectiveness in various end-use industries. North America is a major consumer of copper sulphate, accounting for a significant portion of the global market share. In agriculture, copper sulphate is used extensively as a pesticide and fungicide to control plant diseases and pests, particularly in the United States. The increasing demand for high crop yields and better animal health is expected to boost the demand for copper sulphate in the region. In addition, North America's electroplating industry is a significant user of copper sulphate. The demand for copper sulphate in this industry is driven by the increasing use of copper plating in electronic components and the growing demand for electrical and electronic devices in the region.
The copper sulphate market is a significant competitor, and extremely cutthroat in the sector are using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.
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