ALBANY, New York, May 16, 2016 /PRNewswire/ --
Transparency Market Research has published a new report titled "Copper Oxychloride Market for Fungicide, Colorants & Pigments, Commercial Feed Supplement, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016-2024." According to the report, the global copper oxychloride market was valued at US$231.8 mn in 2015 and is anticipated to reach US$333.5 mn by 2024, expanding at a CAGR of 4.2% between 2016 and 2024.
Copper oxychloride is found in natural minerals such as atacamite, paratacamite, botallackite, and clinoatacamite. Atacamite is the most common form of copper oxychloride with orthorhombic structure. Copper oxychloride is also known as tribasic copper chloride (TBCC). The fungicide segment held the largest share of more than 90% of the global copper oxychloride market volume in 2015. Demand for copper oxychloride in fungicides is estimated to rise at a fast pace during the forecast period. High demand for fruits and vegetables is also projected to fuel the copper oxychloride market during the forecast period. Copper oxychloride is used as fungicide for numerous crops such as tomatoes, potatoes, stone fruit, celery, grapes, avocados, citrus, carnations, and coffee. Copper oxychloride is sprayed on crops to prevent infection or disease and promote their healthy growth. It is employed as green or blue coloring agent in the manufacture of pyrotechnics. Copper oxychloride is also employed as a catalyst for various organic synthesis reactions.
Research Report with ToC & Free Analysis: http://www.transparencymarketresearch.com/copper-oxychloride-market.html
In terms of region, Asia Pacific led the global copper oxychloride market in 2015. Demand for copper oxychloride is estimated to be high in Asia Pacific owing to the rising usage of fungicide in the region over the last few years. Furthermore, the agriculture industry has been expanding in the region since the last few years. Growth in the agriculture industry is projected to boost the demand for copper oxychloride during the forecast period. Asia Pacific was closely followed by Europe in 2015. Currently, the U.S. dominates the copper oxychloride market in North America. High demand for copper oxychloride in the U.S. is ascribed to its increase application in fungicides. Fungicide is likely to be the fastest growing application segment in North America during the forecast period. The copper oxychloride market in Europe is anticipated to experience sluggish growth during the forecast period owing to the slow economic growth in the region since the last few years. This, in turn, is estimated to hamper demand for copper oxychloride. Demand for copper oxychloride in Latin America is projected to rise at a fastest pace during the forecast period.
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Key companies operating in the copper oxychloride market include Albaugh, LLC, Biota Agro Solutions Private Limited, IQV, Isagro S.p.A., Killicks Pharma, Manica S.p.A., SPIESS-URANIA, Syngenta, and Vimal Crop Care Pvt. Ltd.
The report segments the global copper oxychloride market as follows:
Copper Oxychloride Market - Application Analysis
- Colorants & Pigments
- Commercial Feed Supplement
- Others (Including pyrotechnics and catalyst)
Copper Oxychloride Market - Regional Analysis
- Rest of North America
- Rest of Europe
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa
- South Africa
- Rest of MEA
Browse Regional Market Analysis: http://www.transparencymarketresearch.com/pressrelease/copper-oxychloride-market.htm
Browse Other Research Reports:
- Global Copper Market: http://www.transparencymarketresearch.com/copper-market.html
- Stainless Steel Round Bar Market: http://www.transparencymarketresearch.com/stainless-steel-round-bar-market.html
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