According to a new report, published by KBV research, 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 offer environmentally friendly solutions for disease control, water treatment, wood preservation, and corrosion protection. They help reduce the use of chemical pesticides, disinfectants, and preservatives, minimizing environmental impact and promoting sustainable practices. Copper chemicals are biodegradable and do not persist in the environment, reducing the risk of pollution and ecosystem harm.
The Agriculture segment is leading the Global Copper Chemicals Market by Application in 2023; thereby, achieving a market value of $1.7 billion by 2031. Copper chemicals such as copper oxychloride and cuprous oxide control various fungal and bacterial diseases in crops, including blights, mildews, rots, and leaf spots. The increasing incidence of plant diseases and the need for effective disease management solutions drive the demand for copper chemicals in agriculture. The growing consumer demand for organic produce and adopting sustainable agricultural practices drive the demand for copper chemicals in organic farming.
The Copper Oxychloride segment is registering a CAGR of 6.9% during (2024 - 2031). Copper oxychloride is used across various industries, including agriculture, construction, textiles, mining, metallurgy, water treatment, ceramics, paints and coatings, electronics, and animal feed supplements. It is a wood preservative to protect timber and wood products from fungal decay and termite damage. Copper oxychloride is used as an algaecide in water treatment to control algae growth in lakes, ponds, reservoirs, and water distribution systems.
Full Report: https://www.kbvresearch.com/copper-chemicals-market/
The Asia Pacific region dominated the Global Copper Chemicals Market by Region in 2023; thereby, achieving a market value of $1.8 billion by 2031. The Europe region is experiencing a CAGR of 5.8% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 6% during (2024 - 2031).
By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Hundred Tonnes, USD Billion, 2020-2031)
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