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Copper Chemicals Market Size, Share & Trends Analysis Report By Application (Agriculture, Ceramic, Textile, Paints, Mining & Metallurgy, and Others), By Type, By Regional Outlook and Forecast, 2024 - 2031

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    Report

  • May 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5976260
Description Jump to:
The Global Copper Chemicals Market size is expected to reach $4 billion by 2031, rising at a market growth of 6.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 6,673.71 hundred Tonnes, experiencing a growth of 15.2% (2020-2023).

Copper chemicals impart hygienic and odor-control properties to textiles, including clothing, bedding, towels, and upholstery. The National Investment Promotion and Facilitation Agency's Invest India reports that the value of India's textile exports in FY 2021-22 exceeded US$ 44 billion, and the industry is expected to be worth $250 billion by 2025. India's domestic textile and apparel sector produced 7% of the value of all industries and contributed 2.3% to the nation's GDP. Hence, the Textile segment registered $193.12 million revenue in the year 2023. In terms of volume, 539.17 hundred tonnes of Copper chemicals are utilized in Textile industry in the year 2023. Antimicrobial textiles help maintain hygiene by preventing the growth of odor-causing bacteria and fungi, keeping textiles fresh and odor-free. The extensive use of copper chemicals will increase along with the expanding textile industry.



Rapid urbanization often leads to the conversion of agricultural land into urban areas. This can intensify agricultural activities in remaining rural areas, boosting the demand for copper chemicals as fungicides and bactericides in crop protection. Infrastructure development, including the construction of roads, bridges, and utilities, further drives up the demand for copper chemicals.

Additionally, Copper chemicals are extensively used in the solar energy sector, particularly in producing photovoltaic (PV) cells and solar panels. CIGS or copper indium gallium selenide and copper oxide are key materials used in thin-film solar cells, while copper is also utilized in the conductive components of solar panels. Copper chemicals are crucial in energy storage technologies, such as lithium-ion batteries and supercapacitors, which are essential for storing excess renewable energy. Hence, the expansion of the renewable energy sector will propel the demand for copper chemicals.

However, Fluctuations in copper prices directly affect the production costs of copper chemicals. As copper is a primary raw material for copper chemicals, any significant changes in copper prices can impact the overall production costs, squeezing profit margins for manufacturers. Price fluctuations can impact on their profitability and competitiveness in the market, affecting their overall growth and sustainability. Therefore, fluctuations in the prices of copper chemicals may hamper the growth of the market.

Driving and Restraining Factors

Drivers
  • Rapid Urbanization and Infrastructure Development
  • Growing Demand for Renewable Energy
  • Rising Demand for Food Globally
Restraints
  • High Volatility in Price of Copper
  • Significant Regulatory Compliance Challenges
Opportunities
  • Increasing Consumer Awareness and Demand for Quality Products
  • Innovations In Formulation Technology
Challenges
  • Adverse Impact of Environmental Concerns
  • Supply Chain Disruptions Leading to Shortage of Raw Materials

Type Outlook

By type, the market is divided into copper sulphate, copper oxychloride, cupric oxide, cuprous chloride, basic copper carbonate, cupric chloride, and others. In 2023, the copper sulphate segment held 45% revenue share in the market. In terms of volume, 6,441.57 hundred tonnes of copper sulphate would be utilized by the year 2031. Copper sulfate is a nutritional supplement in animal feed to prevent copper deficiency in livestock. This is because copper is an essential trace element for various animal physiological functions, including enzyme activity, bone formation, and immune system function.



Application Outlook

Based on application, the market is classified into agriculture, mining & metallurgy, ceramic, paints, textile, and others. The mining & metallurgy segment garnered 19% revenue share in the copper chemicals market in 2023. In terms of volume, it is expected that 1,780.82 hundred tonnes of Copper chemicals in mining & metallurgy field. Copper chemicals such as xanthates, dithiophosphates, and thiocarbamates are widely used as flotation reagents in the mining & metallurgy segment. They are used to selectively separate valuable minerals, including copper, lead, zinc, nickel, and gold, from their ores during the flotation process.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region led the market by generating 44% revenue share. In term of volume, 4,438.06 hundred tonnes of Copper Chemical would be utilized in this region by the year 2031. Asia Pacific is rich in mineral resources, and there is a growing demand for copper and other metals in various industries. Copper chemicals are used in the textile industry to produce antimicrobial fabrics for healthcare, personal protective equipment (PPE), sports and activewear, and home textiles in Asia Pacific.

List of Key Companies Profiled

  • Bayer AG
  • NOAH Technologies Corp.
  • Jost Chemical Co.
  • Sumitomo Metal Mining Co., Ltd.
  • Pan-Continental Chemical Co., Ltd.
  • Syngenta AG Group
  • Shyam Chemicals Pvt. Ltd.
  • Synthomer PLC (William Blythe Ltd.)
  • Parikh Enterprises Pvt. Ltd.
  • PERRYCHEM

Market Report Segmentation

By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)
  • Agriculture
  • Ceramic
  • Textile
  • Paints
  • Mining & Metallurgy
  • Others
By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)
  • Copper Sulphate
  • Copper Oxychloride
  • Cupric Oxide
  • Cuprous Chloride
  • Basic Copper Carbonate
  • Cupric Chloride
  • Others
By Geography (Volume, Hundred Tonnes, USD Billion, 2020-2031)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Thailand
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • Egypt
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Copper Chemicals Market, by Application
1.4.2 Global Copper Chemicals Market, by Type
1.4.3 Global Copper Chemicals Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Copper Chemicals Market by Application
4.1 Global Agriculture Market by Region
4.2 Global Ceramic Market by Region
4.3 Global Textile Market by Region
4.4 Global Paints Market by Region
4.5 Global Mining & Metallurgy Market by Region
4.6 Global Others Market by Region
Chapter 5. Global Copper Chemicals Market by Type
5.1 Global Copper Sulphate Market by Region
5.2 Global Copper Oxychloride Market by Region
5.3 Global Cupric Oxide Market by Region
5.4 Global Cuprous Chloride Market by Region
5.5 Global Basic Copper Carbonate Market by Region
5.6 Global Cupric Chloride Market by Region
5.7 Global Others Market by Region
Chapter 6. Global Copper Chemicals Market by Region
6.1 North America Copper Chemicals Market
6.1.1 North America Copper Chemicals Market by Application
6.1.1.1 North America Agriculture Market by Country
6.1.1.2 North America Ceramic Market by Country
6.1.1.3 North America Textile Market by Country
6.1.1.4 North America Paints Market by Country
6.1.1.5 North America Mining & Metallurgy Market by Country
6.1.1.6 North America Others Market by Country
6.1.2 North America Copper Chemicals Market by Type
6.1.2.1 North America Copper Sulphate Market by Country
6.1.2.2 North America Copper Oxychloride Market by Country
6.1.2.3 North America Cupric Oxide Market by Country
6.1.2.4 North America Cuprous Chloride Market by Country
6.1.2.5 North America Basic Copper Carbonate Market by Country
6.1.2.6 North America Cupric Chloride Market by Country
6.1.2.7 North America Others Market by Country
6.1.3 North America Copper Chemicals Market by Country
6.1.3.1 US Copper Chemicals Market
6.1.3.1.1 US Copper Chemicals Market by Application
6.1.3.1.2 US Copper Chemicals Market by Type
6.1.3.2 Canada Copper Chemicals Market
6.1.3.2.1 Canada Copper Chemicals Market by Application
6.1.3.2.2 Canada Copper Chemicals Market by Type
6.1.3.3 Mexico Copper Chemicals Market
6.1.3.3.1 Mexico Copper Chemicals Market by Application
6.1.3.3.2 Mexico Copper Chemicals Market by Type
6.1.3.4 Rest of North America Copper Chemicals Market
6.1.3.4.1 Rest of North America Copper Chemicals Market by Application
6.1.3.4.2 Rest of North America Copper Chemicals Market by Type
6.2 Europe Copper Chemicals Market
6.2.1 Europe Copper Chemicals Market by Application
6.2.1.1 Europe Agriculture Market by Country
6.2.1.2 Europe Ceramic Market by Country
6.2.1.3 Europe Textile Market by Country
6.2.1.4 Europe Paints Market by Country
6.2.1.5 Europe Mining & Metallurgy Market by Country
6.2.1.6 Europe Others Market by Country
6.2.2 Europe Copper Chemicals Market by Type
6.2.2.1 Europe Copper Sulphate Market by Country
6.2.2.2 Europe Copper Oxychloride Market by Country
6.2.2.3 Europe Cupric Oxide Market by Country
6.2.2.4 Europe Cuprous Chloride Market by Country
6.2.2.5 Europe Basic Copper Carbonate Market by Country
6.2.2.6 Europe Cupric Chloride Market by Country
6.2.2.7 Europe Others Market by Country
6.2.3 Europe Copper Chemicals Market by Country
6.2.3.1 Germany Copper Chemicals Market
6.2.3.1.1 Germany Copper Chemicals Market by Application
6.2.3.1.2 Germany Copper Chemicals Market by Type
6.2.3.2 UK Copper Chemicals Market
6.2.3.2.1 UK Copper Chemicals Market by Application
6.2.3.2.2 UK Copper Chemicals Market by Type
6.2.3.3 France Copper Chemicals Market
6.2.3.3.1 France Copper Chemicals Market by Application
6.2.3.3.2 France Copper Chemicals Market by Type
6.2.3.4 Russia Copper Chemicals Market
6.2.3.4.1 Russia Copper Chemicals Market by Application
6.2.3.4.2 Russia Copper Chemicals Market by Type
6.2.3.5 Spain Copper Chemicals Market
6.2.3.5.1 Spain Copper Chemicals Market by Application
6.2.3.5.2 Spain Copper Chemicals Market by Type
6.2.3.6 Italy Copper Chemicals Market
6.2.3.6.1 Italy Copper Chemicals Market by Application
6.2.3.6.2 Italy Copper Chemicals Market by Type
6.2.3.7 Rest of Europe Copper Chemicals Market
6.2.3.7.1 Rest of Europe Copper Chemicals Market by Application
6.2.3.7.2 Rest of Europe Copper Chemicals Market by Type
6.3 Asia Pacific Copper Chemicals Market
6.3.1 Asia Pacific Copper Chemicals Market by Application
6.3.1.1 Asia Pacific Agriculture Market by Country
6.3.1.2 Asia Pacific Ceramic Market by Country
6.3.1.3 Asia Pacific Textile Market by Country
6.3.1.4 Asia Pacific Paints Market by Country
6.3.1.5 Asia Pacific Mining & Metallurgy Market by Country
6.3.1.6 Asia Pacific Others Market by Country
6.3.2 Asia Pacific Copper Chemicals Market by Type
6.3.2.1 Asia Pacific Copper Sulphate Market by Country
6.3.2.2 Asia Pacific Copper Oxychloride Market by Country
6.3.2.3 Asia Pacific Cupric Oxide Market by Country
6.3.2.4 Asia Pacific Cuprous Chloride Market by Country
6.3.2.5 Asia Pacific Basic Copper Carbonate Market by Country
6.3.2.6 Asia Pacific Cupric Chloride Market by Country
6.3.2.7 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Copper Chemicals Market by Country
6.3.3.1 China Copper Chemicals Market
6.3.3.1.1 China Copper Chemicals Market by Application
6.3.3.1.2 China Copper Chemicals Market by Type
6.3.3.2 India Copper Chemicals Market
6.3.3.2.1 India Copper Chemicals Market by Application
6.3.3.2.2 India Copper Chemicals Market by Type
6.3.3.3 Japan Copper Chemicals Market
6.3.3.3.1 Japan Copper Chemicals Market by Application
6.3.3.3.2 Japan Copper Chemicals Market by Type
6.3.3.4 South Korea Copper Chemicals Market
6.3.3.4.1 South Korea Copper Chemicals Market by Application
6.3.3.4.2 South Korea Copper Chemicals Market by Type
6.3.3.5 Australia Copper Chemicals Market
6.3.3.5.1 Australia Copper Chemicals Market by Application
6.3.3.5.2 Australia Copper Chemicals Market by Type
6.3.3.6 Thailand Copper Chemicals Market
6.3.3.6.1 Thailand Copper Chemicals Market by Application
6.3.3.6.2 Thailand Copper Chemicals Market by Type
6.3.3.7 Rest of Asia Pacific Copper Chemicals Market
6.3.3.7.1 Rest of Asia Pacific Copper Chemicals Market by Application
6.3.3.7.2 Rest of Asia Pacific Copper Chemicals Market by Type
6.4 LAMEA Copper Chemicals Market
6.4.1 LAMEA Copper Chemicals Market by Application
6.4.1.1 LAMEA Agriculture Market by Country
6.4.1.2 LAMEA Ceramic Market by Country
6.4.1.3 LAMEA Textile Market by Country
6.4.1.4 LAMEA Paints Market by Country
6.4.1.5 LAMEA Mining & Metallurgy Market by Country
6.4.1.6 LAMEA Others Market by Country
6.4.2 LAMEA Copper Chemicals Market by Type
6.4.2.1 LAMEA Copper Sulphate Market by Country
6.4.2.2 LAMEA Copper Oxychloride Market by Country
6.4.2.3 LAMEA Cupric Oxide Market by Country
6.4.2.4 LAMEA Cuprous Chloride Market by Country
6.4.2.5 LAMEA Basic Copper Carbonate Market by Country
6.4.2.6 LAMEA Cupric Chloride Market by Country
6.4.2.7 LAMEA Others Market by Country
6.4.3 LAMEA Copper Chemicals Market by Country
6.4.3.1 Brazil Copper Chemicals Market
6.4.3.1.1 Brazil Copper Chemicals Market by Application
6.4.3.1.2 Brazil Copper Chemicals Market by Type
6.4.3.2 Argentina Copper Chemicals Market
6.4.3.2.1 Argentina Copper Chemicals Market by Application
6.4.3.2.2 Argentina Copper Chemicals Market by Type
6.4.3.3 Egypt Copper Chemicals Market
6.4.3.3.1 Egypt Copper Chemicals Market by Application
6.4.3.3.2 Egypt Copper Chemicals Market by Type
6.4.3.4 Saudi Arabia Copper Chemicals Market
6.4.3.4.1 Saudi Arabia Copper Chemicals Market by Application
6.4.3.4.2 Saudi Arabia Copper Chemicals Market by Type
6.4.3.5 South Africa Copper Chemicals Market
6.4.3.5.1 South Africa Copper Chemicals Market by Application
6.4.3.5.2 South Africa Copper Chemicals Market by Type
6.4.3.6 Nigeria Copper Chemicals Market
6.4.3.6.1 Nigeria Copper Chemicals Market by Application
6.4.3.6.2 Nigeria Copper Chemicals Market by Type
6.4.3.7 Rest of LAMEA Copper Chemicals Market
6.4.3.7.1 Rest of LAMEA Copper Chemicals Market by Application
6.4.3.7.2 Rest of LAMEA Copper Chemicals Market by Type
Chapter 7. Company Profiles
7.1 Bayer AG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 NOAH Technologies Corp.
7.2.1 Company Overview
7.3 Sumitomo Metal Mining Co., Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.4 Pan-Continental Chemical Co., Ltd.
7.4.1 Company Overview
7.5 Jost Chemical Co.
7.5.1 Company Overview
7.6 Syngenta AG Group
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 SWOT Analysis
7.7 Shyam Chemicals Pvt. Ltd.
7.7.1 Company Overview
7.8 Synthomer PLC (William Blythe Ltd.)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.9 Parikh Enterprises Pvt. Ltd.
7.9.1 Company Overview
7.10. PERRYCHEM
7.10.1 Company Overview
Chapter 8. Winning Imperatives of Copper Chemicals Market

Companies Mentioned

  • Bayer AG
  • NOAH Technologies Corp.
  • Jost Chemical Co.
  • Sumitomo Metal Mining Co., Ltd.
  • Pan-Continental Chemical Co., Ltd.
  • Syngenta AG Group
  • Shyam Chemicals Pvt. Ltd.
  • Synthomer PLC (William Blythe Ltd.)
  • Parikh Enterprises Pvt. Ltd.
  • PERRYCHEM

Methodology

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