The Europe Copper Sulfate Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 453.4 hundred Tonnes, showcasing a growth of 4.1% (2019-2022).
In the textile industry, this compound serves a crucial role as a dye fixative, contributing to the colorfastness of fabrics. Colorfastness is a key property in textiles, ensuring that colors remain vibrant and do not fade or bleed during various conditions such as washing, exposure to light, and friction. The use of this compound in the textile sector has several implications for the dyeing and finishing processes, and it significantly adds to the overall consumption of this compound in the market. Moreover, in the mining industry, this compound plays a crucial and strategic role in ore flotation processes, where it aids in the separation of valuable minerals from the ore.
Furthermore, this compound is integral to the electroplating industry, where it is used to deposit thin layers of copper onto surfaces. This process is vital in producing electronic components, ensuring a uniform and conductive copper layer. The electronics industry, in particular, benefits from this compound’s consistent and reliable performance in electroplating applications. The electronics industry will continue to drive demand for this compound in electroplating processes.
As per Eurostat, in the EU in 2020, the mining and quarrying sector generated €27.1 billion of value-added, which was 0.4 % of the non-financial business economy total. In output, other mining and quarrying sectors accounted for 40.5 % of EU sectoral turnover and 17.1 % from mining metal ores. Poland recorded the highest share (26.3 %) of EU value added within the mining and quarrying sector in 2020. Germany was also a relatively large producer within the EU in value-added terms (13.6 %). Thus, rising mining sector in Europe is expected to boost the demand for this compound in the region.
The Russia market dominated the Europe Copper Sulfate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $72.6 Million by 2030. The France market is exhibiting a CAGR of 5.4% during (2023 - 2030). Additionally, The Germany market would experience a CAGR of 4.3% during (2023 - 2030).
Free Valuable Insights: The Global Copper Sulfate Market will Hit $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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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)
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