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Copper sulfate is also called cupric sulfate, it is a chemical compound and appears as off-white or blue color solid. It is soluble in both hot and cold water. It is typically manufactured from the combination of copper metal and heated concentrated sulphuric acid. Moreover, the copper sulphate offers low dosage, high purity, reduced toxicity, adequate solubility, long shelf-life, eco-friendly, and cost-effective properties. These properties surge the demand for copper sulfate in the wide range of applications which include agriculture, mining & metallurgy, chemical, construction, and healthcare.
The copper sulphate market is growing at a rapid pace owing to increasing its demand from the agriculture application. The product used as a fertilizer in infrequent doses to help correct copper deficiencies in the soil and identifiable by the yellowing of plant leaves. Moreover, the copper sulphate works as a preventative fungicide, when it is mixed with slaked lime, it is also called a Bordeaux mixture. The mixture is further utilized to prevent the fungus from growing in the melons and berries grapes. Hence, rising demand for the product in the agriculture application will fuel copper sulphate market growth during the forecast timeline.
However, the excess consumption of copper sulfate can cause vomiting and nausea. It may also damage the liver, kidneys, body tissues, and blood cells. Hence, this is anticipated to restrain market growth.
Key Market Driver -
The rising demand for copper sulphate from the agriculture application to drive the market growth.
Key Market Restraint -
Health impacts of copper sulphate to restrict the market growth.
Based on application, the copper sulphate market is segmented into agriculture, mining & metallurgy, chemical, construction, healthcare, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the copper sulphate market include Allan Chemical Corporation, ATOTECH, NOAH Technologies Corporation and WEGO Chemical & Mineral Corp, ACURO ORGANICS LIMITED, Norkem, NORDFEED, TODINI AND CO. S.P.A., Indian Platinum Private Limited., Saanvi Corp., Parchem fine & specialty chemicals., MARU CHEM INDUSTRIES, ARIHANT CHEMICAL INDUSTRIES, Vishnupriya Chemicals Private Limited, Parshva Chemicals, KGHM, and Intra-Laboratories Ltd.
Asia Pacific is anticipated to witness highest growth in the copper sulphate market. The growth is due to the rising agricultural activity owing to incresing growing demand of agricultural yield. Further, the available of large no. of population in the countries such as China and India is also the factor, which is fueling the market growth. The high adoption of copper sulphate in the chemical application will fuel the market growth in North America. In Europe, growth is attributed to the rising use of the product in the mining & metallurgy application. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the product in the cosntruction industry.
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