Copper Sulfate Market Future Investments, Upcomming Business Opportunities In Chemical Sector
Copper
sulfate, also known as cupric sulfate is a chemical compound having
the formula CuSO4.
It is the most popular and widely used copper salt. The anhydrous
form of CuSO4 is
pale green powder whereas the hydrated copper sulfate is bright blue
in color. Copper sulfate is widely used in the agricultural industry
primarily as fungicides. Apart from the agricultural industry, it is
also used in chemical industry as a source of copper, as a catalyst
and for purification of gases. Copper sulfate is used as an adhesive
in the production of paints and glues. In the metal and electrical
industry, copper sulfate is the most preferred electrolyte for
applications such as refining, electro-plating, and also used in the
development of batteries. In the leather and textile industry it is
used as an important reagent/catalyst in tanning process. Copper
sulfate is used as a raw material for preparation of anti fouling
paints.
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The
agricultural industry accounts for more than half of the copper
sulfate consumption globally. In the agro industry copper sulfate is
primarily used as herbicide, fungicides and pesticides. Copper
sulfate penta-hydrate is a fungicide. However it is mixed with lime
to prepare Bordeaux and Burgundy mixtures which are more effective
fungicides. Paris gas, manufactured from copper sulfate, is an
insecticide. It is used as a raw material for the production of
Chromated copper arsenate which is a widely used wood preservative.
It provides wood with insecticidal, fungicidal and UV light
reflecting characteristics. Another important application of copper
sulfate is as an analytical reagent, which is further used for the
preparation of several reagents such as Fehling’s solution,
Benedict’s solution and Biuret reagent. Demand for copper sulfate
as an additive in animal feed is also increasing as the copper is
very essential for proper body functioning. However, copper sulfate
is moderately toxic when exposed for a longer period of time. As
majority of the copper sulfate is produced from scrap copper, it
contains toxins. Toxins such as Dioxin are no longer preferred by
most of the consumer countries.
Increasing
number of agricultural activities in the Asia-Pacific region has
fueled the demand for agro chemicals such as herbicides and
insecticides. Owing to this demand for copper sulfate in countries
such as China and India has subsequently increased. . Demand for the
chemical compound is also expected to rise in North America as the
agricultural production in U.S. and Canada is also very high. The
production of copper sulfate was significant in Europe until
recently. Most of the European countries are now importing copper
sulfate in large quantities from the third world countries like
Ukraine, Macedonia, Serbia, Uzbekistan, Russia and China. Most of the
Europe’s surviving producers are based in Italy, Spain and France.
Russia and most of the former Soviet Union countries are the nations
dominating copper sulfate manufacture as majority of the copper mines
are located in the Eurasian region. In other countries such as
Brazil, Peru, Chile, and Columbia, demand for feed-grade copper
sulfate is also increasing due to growth in the animal feed industry.
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Copper
sulfate is a very important chemical having a broad spectrum of
applications. The demand of this chemical is predicted to increase
subsequently over the fore-cast period. Some of the leading
producers of copper sulfate are WEGO Chemical & Mineral Corp.,
Allan Chemical Corporation, NOAH Technologies Corporation, and
ATOTECH.
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