Copper Oxychloride Market
REPORT DESCRIPTION
Copper Oxychloride Market- Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2016 - 2024
Transparency Market Research has published a new report titled “ Copper Oxychloride Market - Global Industry Analysis , Size , Share , Growth , Trends and Forecast , 2016 - 2024 .” According to the report , the global copper oxychloride market was valued at US $ 231.8 mn in 2015 and is anticipated to reach US $ 333.5 mn in 2024 , expanding at a CAGR of 4.2 % between 2016 and 2024 .
Copper oxychloride , also known as tribasic copper chloride ( TBCC ), is widely used in fungicide . It competes with numerous copper compounds for different applications . Increasing demand for copper oxychloride in the agriculture industry for usage as fungicide is the major factor driving the global copper oxychloride market .
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Fruits and vegetable crops are the major consumers of fungicides . Various generic as well as specific fungicides have been developed for applications in fruits and vegetable crops . Copper oxychloride is employed in the manufacture of commercial feed supplements . It is used in feed formulations for most animal species . Additionally copper oxychloride is employed in the manufacture of colorants and pigments for ceramics and glasses .
Market dynamics of copper oxychloride are highly region oriented and exhibit distinctive trends in different regions . In terms of region , Asia Pacific held the largest share of the global copper oxychloride market in 2015 . Currently , China dominates the copper oxychloride market in Asia Pacific . In terms of volume , Asia Pacific accounted for more than 30 % share of the global copper oxychloride market in 2015 . Demand for copper oxychloride in the region is expected to rise owing to the increasing usage of fungicides for crop protection since the last few years . Countries such as India , Bangladesh , and those in Southeast Asia have been experiencing strong demand for fungicides since the last few years .
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