The Latin America, Middle East and Africa Copper Chemicals Market would witness market growth of 7.2% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 757.60 hundred tonnes, showcasing a growth of 4.7% (2024-2031).
Copper oxychloride, a vital component of the copper chemicals market, finds extensive use in agriculture as a fungicide and bactericide. It is particularly effective in controlling fungal diseases in crops such as fruits, vegetables, and grains. Its mode of action involves disrupting fungal cell walls and inhibiting spore germination, thereby protecting crops from infections. Additionally, copper oxychloride is employed in wood preservation treatments to prevent decay and extend the lifespan of timber products. The demand for copper oxychloride is influenced by factors such as the expansion of the agriculture sector, increasing awareness about crop protection, and regulatory requirements for sustainable farming practices. Consequently, Japan would utilize 27.31 hundred tonnes of Copper oxychloride by the year 2031.
The Brazil market dominated the LAMEA Copper Chemicals Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $95.4 million by 2031. The Argentina market is capturing a CAGR of 8.3% during (2024 - 2031). Additionally, The Egypt market would register a CAGR of 6.6% during (2024 - 2031).
The increasing prevalence of infectious diseases and the rise of healthcare-associated infections have led to a growing demand for antimicrobial products. Copper chemicals, known for their antimicrobial properties, are increasingly used in healthcare settings to manufacture antimicrobial surfaces, fabrics, and coatings. There is a growing emphasis on reducing chemical pesticides and adopting sustainable agricultural practices. Copper chemicals offer an environmentally friendly solution for disease control in crops, supporting adopting sustainable agriculture practices.
Ongoing research and development efforts are leading to developing advanced formulations of copper chemicals that offer improved performance and efficiency in water treatment processes. These advancements include copper-based algaecides, disinfectants, and corrosion inhibitors. Adopting smart agriculture practices, including sensors, drones, and data analytics, is becoming increasingly common. Copper chemicals are combined with smart agriculture technologies to control crop disease and improve agricultural productivity.
Copper chemicals have inherent antimicrobial properties, which make them highly effective in reducing the transmission of pathogens in healthcare settings in Brazil. This is particularly important in Brazil, where controlling infections is a significant concern in healthcare facilities. With an increasing focus on improving healthcare standards and reducing healthcare-associated infections (HAIs), there is a growing demand for innovative solutions like copper chemicals that can help maintain a hygienic environment in hospitals and clinics in Brazil.
The World Bank estimates that in 2021, Brazil's public and private healthcare costs accounted for 9.1% of the country's GDP. In Brazil, as in many other countries, there is growing awareness of the public health implications of antimicrobial resistance. Copper chemicals offer a sustainable and effective solution to this problem by reducing the need for traditional antimicrobial agents and helping to prevent the spread of resistant bacteria in Brazil. Therefore, it is expected that the demand for copper chemicals will increase considerably throughout the forecast period.
Free Valuable Insights: The Worldwide Copper Chemicals Market is Projected 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 Brazil, Argentina, Egypt, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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