Copper Oxychloride Market – Global Industry Analysis and Forecast (2023-2029)

Copper Oxychloride Market size was valued at US$ 303.53 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 4.3% from 2022 to 2029, reaching nearly US$ 407.56 Mn.
Copper Oxychloride Market Overview:
Copper Oxychloride Market is expected to reach US$ 407.56 Mn. by 2029. Tribasic copper chloride (TBCC), commonly known as copper oxychloride, is a crystalline solid with a greenish hue. There are several ways to make copper oxychloride. These include the micronutrients method using copper or cuprous oxide as the starting material and the oxidation of Cu(I)Cl in brine solution. This report focuses on the different segments of the Copper Oxychloride market (Application, Industry Vertical, and Region). The leading industry players and regions are thoroughly examined in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a thorough examination of today's quick advances in a variety of sectors. Facts and figures, visualisations, and presentations are used to highlight the primary data analysis from 2017 to 2022. The market drivers, restraints, opportunities, and challenges for Copper Oxychloride are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Copper Oxychloride market. To know about the Research Methodology :- Request Free Sample Report

COVID-19 Impact on the Copper Oxychloride Market:

The global market for copper oxychloride has been adversely impacted by the COVID-19 pandemic crisis. Globally, the agricultural industry has been severely impacted by the pandemic's global spread. The demand for fungicides used in agriculture has reduced dramatically as a result of significant economic losses during the pandemic, which has a negative influence on the growth of the global copper oxychloride market. The pandemic has further impacted the demand for livestock, which has resulted in a decline in the demand for commercial feed supplements. Additionally, the market for copper oxychloride has been severely impacted by this.
Copper Oxychloride Market Dynamics:
On many fruit and vegetable plants, copper oxychloride is frequently used as a fungicide. Since copper is one of the essential minerals for metabolic processes, it is also employed in commercial feed supplements. Pyrotechnics use copper oxychloride to create blue hue. Because it is less expensive than other copper compounds, it is utilized in pyrotechnics. Additionally, copper oxychloride is used as a colourant and pigment in ceramics and glassware. Additionally, it serves as a catalyst for oxidation and chlorination during the synthesis of organic compounds. One of the main factors driving the global copper oxychloride market is the rising demand for copper oxychloride in the agriculture sector due to its use as a fungicide. Fungicide use is mostly driven by fruit and vegetable crops. For use in crops of fruits and vegetables, both general and specialised fungicides have been created.

When creating crop protection compounds, copper oxychloride is employed as an agricultural fungicide. For crops including tomatoes, potatoes, stone fruit, celery, grapes, avocados, citrus, carnations, and coffee, it is a very effective fungicide. In 2015, the fungicide segment led the market for copper oxychloride globally and held a volume share of more than 90%. Over the forecast period, it is expected to maintain its dominance. Crops are sprayed with copper oxychloride to ward off infection and illness and encourage healthy growth. It is utilised in wall murals, illuminations, and manuscripts as a colouring ingredient. Commercial feed supplements are also produced using copper oxychloride.

It is utilised in the feed formulas for the majority of animal species, including pets, horses, dairy cattle, chickens, turkeys, and pigs. When making pyrotechnics, copper oxychloride is used as a green or blue colouring additive. It serves as a catalyst for a number of processes, including the synthesis of vinyl chloride. Additionally, copper oxychloride is used as a catalyst in a number of organic synthesis reactions.
Copper Oxychloride Market Segment Analysis:
The Copper Oxychloride Market is segmented by Application, and Industry Vertical.

Based on the Application, the market is segmented into Fungicide, Colorant & Pigments, Commercial Feed Supplements, and Others. Fungicide segment is expected to hold the largest market share of xx% by 2029. Due to the necessity of preserving plants and crops from harm, fungicides present a significant application area for copper oxychloride. When used as flooring in concrete, it also acts as a preservative for wood. Colorants and pigments for ceramics and glass are produced using copper oxychloride. Due to a growth in agricultural activities that necessitate fungicides, copper oxychloride usage has gradually increased in the market.

Based on the Industry Vertical, the market is segmented into Chemical, Agriculture, Paints, and Others. Chemical Industry Vertical segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This is due to the growing use of the Copper Oxychloride in the chemical industries as Copper Oxychloride offers multiple benefits to the chemical industries.Agriculture Industry Vertical segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Copper oxychloride is used to treat bacterial and fungal diseases in ornamental plants, citrus, stone fruit, pome fruit, and fruit and vegetable crops. Fixed coppers include copper hydroxide, copper oxide, and copper oxychloride; these products are not subject to EPA tolerance requirements, but they must be applied in a way that reduces soil accumulation and is not intended for use as herbicides.
Copper Oxychloride Market Regional Insights:
Asia Pacific region is expected to dominate the Copper Oxychloride Market during the forecast period 2023-2029. Asia Pacific region is expected to hold the largest market share of xx% by 2029. The demand for copper oxychloride is expected to increase in the near future due to growing fungicide usage for crop protection in Asia Pacific and rising food demand. The majority of the Asia Pacific region's demand for copper oxychloride comes from China.

The North American region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Concerns about food security have been highlighted by the rapid population growth. The infrastructure needed to store and distribute food grains is still lacking in underdeveloped and developing nations. The application of agrochemicals like fungicides can significantly boost yield. As a result, it is expected that the North American Copper Oxychloride market would grow quickly. To ensure that their citizens have access to food, governments all over the world are supporting the use of agrochemicals like fungicides. Due to the increased use of agrochemical products and higher usage of fungicide for crop protection, Latin America is expected to have substantial demand for copper oxychloride during the forecast period.



The objective of the report is to present a comprehensive analysis of the Global Copper Oxychloride Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Copper Oxychloride Market dynamic and structure by analyzing the market segments and projecting the Global Copper Oxychloride Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Copper Oxychloride Market make the report investor’s guide.
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Global Copper Oxychloride Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 303.53 Mn.


Forecast Period 2023 to 2029 CAGR:
4.3%
Market Size in 2029:
US $ 407.56 Mn.


 Segments Covered:
by Application
Fungicide
Colorant & Pigments
Commercial Feed Supplements
Others


by Industry Vertical
Chemical
Agriculture
Paints
Others



Copper Oxychloride Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Copper Oxychloride Market Key Players
1. Prescient Industries Limited
2. TIB Chemical
3. Oxiquímica Agroscience
4. Parikh Enterprises Private Limited
5. Tata Chemical Limited
6. Rallis India Limited
7. American Elements
8. BASF Corporation
9. Lentus India Private Limited
10.Hummel Croton Incorporation
11.Acme Organics Private Limited
12.Agro Chemical Industries Limited
13.Biota Agro Solutions Private Limited
14.Kundan Pestichem Private Limited
15.Killicks Pharma

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Copper Oxychloride Market?
Ans. Asia Pacific region is expected to hold the highest share in the Market.

2] Who are the top key players in the Copper Oxychloride Market?
Ans. Prescient Industries Limited, TIB Chemical, Oxiquímica Agroscience, Parikh Enterprises Private Limited, Tata Chemical Limited, and Rallis India Limited are the top key players in the Market.

3] Which segment is expected to hold the largest market share in the Market by 2029?
Ans. Fungicide application segment is expected to hold the largest market share in the Market by 2029.

4] What is the market size of the Market by 2029?
Ans. The market size of the Market is expected to reach US $ 407.56 Mn. by 2029.

5] What was the market size of the Market in 2022?
Ans. The market size of the Market was worth US $ 303.53 Mn. in 2022.