The Asia Pacific Copper Sulfate Market would witness market growth of 5.6% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,164.9 hundred tonnes, showcasing a growth of 4.7% (2019-2022).
Wood preservation is an application area for this compound. It treats wood to protect it from decay and insect damage. The construction industry benefits from copper sulfate-treated wood, ensuring wooden structures' longevity and structural integrity. Copper sulfate-treated wood provides resistance against insect damage, particularly from wood-boring insects such as termites and beetles. The presence of copper ions is a deterrent, reducing the likelihood of insect infestations that can compromise the structural integrity of wooden structures.
In addition, treating wood with this compound contributes to enhanced durability. By preventing decay and insect damage, this compound helps extend the service life of wooden products, making them more resistant to environmental factors and ensuring they remain structurally sound over time. Wooden structures exposed to harsh environmental conditions, such as outdoor applications or marine environments, can benefit significantly from this compound’s wood treatment. The preservative properties help mitigate the effects of moisture, fungi, and insects, maintaining the structural stability of the wood.
As per the data from Invest India, for the fiscal year 2022-23, agriculture and allied sectors will contribute 18.3% of the gross value added to the overall Indian economy. For the initial nine months of fiscal year 2022-23 (April-December), agricultural and processed food product exports surged by 13% to $19.69 billion, surpassing the corresponding period of fiscal year 2021-22. In Addition, the chemical industry is a major consumer of various raw materials, and if the chemical sector in China experiences growth, it may lead to increased demand for intermediate chemicals, including this compound. As per the data from the State Council of China, in 2022, the investment in chemical raw materials and product manufacturing jumped 19 percent year on year, 7.4 percentage points higher than the average level of all industries. Hence, growing agriculture and chemical sectors in Asia Pacific will lead to increased demand for this compound in the region.
The China market dominated the Asia Pacific Copper Sulfate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $161.7 Million by 2030. The India market is registering a CAGR of 5.9% during (2023 - 2030). Additionally, The Thailand market would showcase a CAGR of 6.7% during (2023 - 2030).
Free Valuable Insights: The Global Copper Sulfate Market is Predict to reach $1.2 Billion by 2030, at a CAGR of 5.1%
Based on Type, the market is segmented into Pentahydrate, Anhydrous, and Others. Based on Application, the market is segmented into Agriculture, Chemicals, Construction, Healthcare, Mining & Metallurgy, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 