Copper Sulfate Pentahydrate Market Current Trends, In-depth Analysis, and Growth Factors, 2017 - 2022
Factors such as the growing number of agricultural activities in the Asia-Pacific region have fueled the demand for agrochemicals such as insecticides and herbicides.
(firmenpresse) - Global copper sulfate pentahydrate market is anticipated to witness an exponential growth in the forecast period. Copper sulfate pentahydrate is a common inorganic salt used in organic synthesis, analytical chemistry, and in the art to etch zinc plates. Factors such as the growing number of agricultural activities in the Asia-Pacific region have fueled the demand for agrochemicals such as insecticides and herbicides.
On the other hand, allergies caused due to copper sulfate pentahydrate are anticipated to hinder the market growth in the future. However, technological advancements are likely to create lucrative opportunities for the market. Copper sulfate pentahydrate market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Copper sulfate pentahydrate market is segmented by type, application, distribution channel, and geography. Market is segmented by type as Feed Grade, Industrial Grade, and Agricultural Grade. The “Agricultural Grade” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of the market include a growing number of agricultural activities and increasing demand.
The key applications are segmented in the copper sulfate pentahydrate market include Feed & Fertilizer Addictive, Electroplating, Herbicide & Fungicide and Others. The market is segmented based on distribution channel as Offline and Online distribution channel. The “Offline Distribution Channel” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.
Asia-Pacific is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors, such as increasing demand for chemical compound and a growing number of agricultural activities in the Asia-Pacific region has fueled the demand for agrochemicals such as insecticides and herbicides. Asia-Pacific is followed by North American and European region.
Key players operating in the copper sulfate pentahydrate market include Univertical, Jiangxi Copper, Laiwu Iron and Steel Group, Jinchuan Group, G.G. Manufacturers, Highnic Group, Beneut, Green Mountain and Old Bridge Chemicals. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Datum: 02.06.2020 - 11:46 Uhr
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