Copper Salts & Derivatives Market Analysis

End-user (Agriculture, Infrastructure, Construction, Medical)

The global copper salts & derivatives market is segmented and analyzed for demand and supply by end-user into the agriculture sector, infrastructure sector, construction industry, medical industry, and others. Out of these types, the agriculture sector segment is estimated to gain the largest market share of about 38% in the year 2037. The growth of the segment can be attributed to the increasing use of copper in insecticides, and fungicides used in agriculture. The worldwide consumption of herbicides in the year 2020 was estimated to reach 1 million metric tons, and pesticides were 3 million metric tons. The rising use of copper to improve deficiency in soil and farm animals is estimated to contribute to market segment growth. The utilization of copper compounds in the destruction of slugs and snails that damage crop plants by eating and multiplying is expected to drive market segment growth. The escalating use of copper in various applications such as to control or prevent foot rot in sheep, and cattle, and increase plant nutrients in rice fields is expected to propel the market segment growth. Copper usage in seed dressings and increasing use in vermin ingredients to protect repellents such as rabbits from damaging tree bark are also expected to hike the market segment growth.

The global copper salts & derivatives market is also segmented and analyzed for demand and supply by end-user into the agriculture sector, infrastructure sector, construction industry, medical industry, and others. Amongst these three segments, the construction segment is expected to garner a significant share of around 27% in the year 2037. The rising use of copper in wooden buildings and wooden posts during construction to improve shelf life is estimated to propel the market segment growth. The market growth is attributed to the increasing number of apartments that are residential, and nonresidential. The increasing use of timber in the construction sector is also estimated to drive the growth of the copper salts & derivates market. The rising use of paints in the construction sector with growing renovation works across the world is estimated to drive the market segment growth. The escalating demand for architectural work by the government to improve old monuments and infrastructure development of many old buildings is expected to hike the market growth.

Our in-depth analysis of the global market includes the following segments: