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Global Copper Sulfate Market 2018-2022 | Growth in the Copper Market to Boost Demand | Technavio

September 26, 2018

LONDON--(BUSINESS WIRE)--Sep 26, 2018-- analysts forecast the global copper sulfate market to grow at a CAGR of over 5% during the forecast period, according to their latest market research report.

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Technavio has published a new market research report on the global copper sulfate market for the period 2018-2022. (Graphic: Business Wire)

The fluctuations in copper prices is one of the major trends being witnessed in the . In 2017, factors such as economic growth, the availability, and suitability of substitute goods, and political considerations led to price fluctuations. Copper is the world’s third most consumed metal after iron and aluminum, and fluctuation in prices affect its demand and supply. Some other factors affecting the global prices are fluctuations in US dollar, volatile oil prices, and the supply-demand gap in China.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global copper sulfate market is the growth in the copper market:

Global copper sulfate market: Growth in the copper market

Copper ores extracted from mines are converted into copper concentrates that are purified and converted into copper. Copper is a reddish-brown commodity metal and is mainly consumed in APAC. Developing countries in the region, including India, China, Malaysia, Taiwan, and Vietnam, use copper in major end-user industries such as electrical and electronics, construction, automotive, and consumer goods. Copper is the major raw material when treated with diluted sulfuric acid for manufacturing copper sulfate. The increasing demand for copper in APAC and other developing countries will fuel the demand for copper sulfate during the forecast period.

According to a senior analyst at Technavio for research on metals and minerals, “At present, countries such as China, Japan, South Korea, Taiwan, and India are the major copper sulfate consuming countries and account for a 61% share of the global copper market in terms of consumption. In 2017, Chile, Australia, and Peru consisted of rich copper reserves and accounted for 21.52%, 11.14%, and 10.25% of the total copper reserves, respectively. The increasing consumption of copper will drive the market during the forecast period.”

Global copper sulfate market: Segmentation analysis

The global copper sulfate market research report provides market segmentation by applications (agriculture and chemical) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The agriculture segment held the largest market share in 2017, accounting for nearly 78% of the market. This application segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 40%. This region is expected to dominate the market through 2022, with an increase in its market share by over 1%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180926005854/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/26/2018 01:42 PM/DISC: 09/26/2018 01:42 PM

http://www.businesswire.com/news/home/20180926005854/en

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