(MENAFN- America News Hour) Research Nester published a report titled
“Copper Salts & Derivatives Market: GlobalDemand Analysis & Opportunity Outlook 2031”
which delivers a detailed overview of the global copper salts & derivatives market in terms of market segmentation by salt type, distribution channel, end-user industry, and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global copper salts & derivatives market is projected to acquire remarkable revenue by increasing at a notable CAGR during the forecast period, i.e.,2022-2031. Growing demand in multiple industries such as textile, metallurgy, agriculture, photography, and medical is anticipated to be the major factor to influence the growth of the market positively over the forecast period. In photography, the copper plates are utilized to bleach and add a yellow hue in the dark areas of pictures. Additionally, copper is also infused in fabrics to make them disinfected and usable in the healthcare sector.
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Moreover, the global copper salts & derivatives market, is segmented into the agriculture sector, infrastructure sector, construction industry, medical industry, and others, on the basis of end-user industry. Out of these sub-segments, the agriculture segment is estimated to hold a significant share in the market over the forecast period. The growth of the agriculture sector segment can be ascribed to the constant rising utilization of copper salts as an algaecide, root killer, herbicide, fungicide, and others.
Furthermore, by region, the global copper salts & derivatives market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market is estimated to grow rapidly in the Asia Pacific region during the forecast period. The growth of the market in the region is attributed to the constantly expanding agriculture sector and chemical industry.
As per the data demonstrated by World Bank in 2018, it was stated that 47.4% of total land in East Asia and Pacific was available for agricultural activities. Additionally, in 2020, Asia Pacific was noticed to hold about 55% of the share in the global chemical industry.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
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Noteworthy Utilization of Copper in Medical Clothing to Hike the Growth of the Market
Copper is infused into the fabric through ThermoPlating technology, where copper ions are infused deeply into fabrics' yarns owing to its anti-infection properties. Copper is known to kill viruses, fungi, and bacteria, therefore, such clothes are highly utilized in medical sectors. As a result, the rising utilization of copper in healthcare fabrics is projected to increase the growth of the market over the forecast period.
However, the availability of alternative products is expected to operate as a key restraint to the growth of the global copper salts & derivative market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global copper salts & derivative market which includes company profiling of Nordfeed, Noah Chemicals, Brenntag North America, Inc., TIB Chemicals AG, ReAgent Chemical Services Limited, Shepherd Chemical Company, Pan-Continental Chemical Co., Ltd, Old Bridge Chemicals, Inc., Coromandel International Limited, and Bayer CropScience Limited. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global copper salts & derivative market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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