The Asia Pacific Copper Chemicals Market would witness market growth of 6.5% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 2,644.56 hundred tonnes, showcasing a growth of 15.4% (2020-2023).
Copper sulfate, a type of copper chemical, plays a significant role in various industries, including agriculture, mining, and chemical manufacturing. In agriculture, it is widely used as a fungicide and herbicide, helping to control fungal diseases and unwanted plant growth. In mining, copper sulfate is utilized in flotation processes to separate copper minerals from other materials. Therefore, China is expected to utilize 693.71 hundred tonnes of copper sulfate by the year 2031.
The China market dominated the Asia Pacific Copper Chemicals Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $478.9 million by 2031. The India market is registering a CAGR of 7% during (2024 - 2031). Additionally, The Japan market would capture a CAGR of 5.1% during (2024 - 2031).
Antimicrobial solutions are in greater demand as the significance of infection control in healthcare environments becomes more widely recognized. Copper chemicals provide a cost-effective and durable solution to mitigate pathogen transmission in healthcare facilities such as hospitals and clinics. Healthcare providers are progressively implementing copper-infused materials and surfaces to reduce the risk of infection.
Wood preservatives frequently comprise copper chemicals like copper naphthenate and copper-8-quinolinolate, which safeguard against termite infestation and fungal decay. The construction industry is witnessing increased utilization of copper-based wood preservatives due to the rising demand for long-lasting and resilient building materials. Additionally, the construction sector's growth may lead to an increased demand for copper-based paints and coatings, which are used for their anti-corrosive properties and aesthetic appeal.
Australia is experiencing significant infrastructure development, including roads, bridges, railways, airports, and ports. The Australian Bureau of Statistics reports that Australia's construction work increased by 0.7% to $65,440.5 m. The government's infrastructure projects aim to support economic growth, improve connectivity, and enhance the quality of life for Australians. Population growth, urbanization, and rising demand for housing are driving residential construction projects across Australia. Copper-based antifouling coatings are used on marine structures, such as ships, boats, and offshore platforms, to prevent the growth of marine organisms, including algae, barnacles, and mollusks in Australia. Thus, the regional market will expand rapidly in the coming years.
Free Valuable Insights: The Global Copper Chemicals Market is Predict to reach USD 4 Billion by 2031, at a CAGR of 6.3%
Based on Application, the market is segmented into Agriculture, Ceramic, Textile, Paints, Mining & Metallurgy, and Others. Based on Type, the market is segmented into Copper Sulphate, Copper Oxychloride, Cupric Oxide, Cuprous Chloride, Basic Copper Carbonate, Cupric Chloride and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Thailand, and Rest of Asia Pacific.
By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Country (Volume, Hundred Tonnes, USD Billion, 2020-2031)
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