[Online Quarterly Update] Copper Sulphate demand in India is projected to grow at a CAGR of 5.50% during the forecast period. Increasing use of Copper Sulphate in the agricultural sector, where it is commissioned majorly in the production of fungicides, herbicides, fertilizers, etc., followed by the animal husbandry sector, while in the healthcare sector, it is dominantly used in the manufacturing of sterilizers and disinfectants. Numerous other sectors include adhesives, textiles industries, etc., where it is used to manufacture products like insecticides, wood preservatives and paints are anticipated to elevate the demand for Copper Sulphate in India. Moreover, government initiatives such promotion of small and medium scale fertilizer processing industries coupled with several government and non-government awareness campaigns will educate farmers across the country and will side by side promote the demand for Copper Sulphate regionally. Promotion of fertilizers through electronic devices such as television and radio will also benefit in the consumption of fertilizers in the coming years and would further contribute to the growth of the Copper Sulphate demand in the country. Furthermore, the use of copper sulphate as an anti-fouling paint, used to reduce the growth of algae, as well as floral weed and other floral bodies tends to push its demand in aquatic and paints industries. With the remedial measures taken by the government, the Copper Sulphate market is projected to reach INR 16 billion by 2030, growing at a CAGR of 5.50% during 2019-2030. Moreover, increasing demand for Copper Sulphate in the country for its applications in sterilizers, fungicides and fertilizers are expected to drive India Copper Sulphate market during the forecast years.
Years Considered for this Report:
Historical Years: 2013 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2030
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Objective of the Study:
• The primary objective of the study was to evaluate and forecast Copper Sulphate capacity, production,
demand, inventory, and demand – supply gap in India.
• To categorize Copper Sulphate demand based on end use, region and sales channel.
• To study trade dynamics and company share in India Copper Sulphate market.
• To identify major customers of Copper Sulphate in India.
• To evaluate and forecast Copper Sulphate pricing in India Copper Sulphate market.
• To identify and profile major companies operating in India Copper Sulphate market.
• To identify major news, deals and expansion plans in India Copper Sulphate market.
In this report, India Copper Sulphate market has been segmented into following categories:
Major players operating in India Copper Sulphate market include Hindustan Copper Ltd., Anmol Chemicals Group, Maru Chem Industries, Eastern Dye Chem Pvt. Ltd., Super Sulphates, etc. While, the major global players manufacturing Copper Sulphate include Allan Chemical Corp., ATOTECH, NOAH Technologies Corp., WEGO Chemical and Mineral Corp., etc.
The agricultural industry accounts for the maximum amount of the copper sulphate consumption, used as herbicide, fungicides and pesticides in the country. Because the demand from the end user industries is less and a situation of overproduction is on its way, so the price for Copper Sulphate in India is declining at rate of 2% in the third quarter of 2019.
To extract data for India Copper Sulphate market, primary research surveys were conducted with Copper Sulphate manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for India Copper Sulphate market over the coming years.
ChemAnalyst calculated Copper Sulphate demand in India by analyzing the historical data and demand forecast was carried out considering Sulphuric Acid prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Copper Sulphate manufacturers, suppliers and other stakeholders
• Organizations, forums and alliances related to Copper Sulphate distribution
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Copper Sulphate manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
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