Global Blue Vitriol (Copper Sulfate) Market Size, Trends, and Growth Opportunity, By Type (Anhydrous, Copper(II) Sulfate Monohydrate, Copper(II) Sulfate Pentahydrate, The Rare Mineral Boothite), By Application (Agriculture, Mining and Metallurgy, Chemicals, Construction, Healthcare), By Region and forecast till 2030.
Global Blue Vitriol (copper sulfate) Market
Global Blue Vitriol (copper sulfate) Market was valued at USD 412.10 million in 2022 and is slated to reach USD 577.33 million by 2030 at a CAGR of 4.30% from 2023-2030.
Copper sulfate is known as Blue vitriol also an inorganic compound right blue or green-colored crystals, called pentahydrate. Both an antibacterial and a molluscicide, it is employed in other ways. Applications include adhesives, building, chemical, as well as textile industries where it is used to manufacture products like wood preservatives, insecticides, and paint whereas, refining, electro-plating, and development of batteries are used as an electrolyte in copper refining. The market for copper sulphate is being driven by the agriculture sector, which uses the chemical in a variety of ways. The estimated world's consumption of copper sulfate is around 250,000 tons per annum, which is used in the agricultural industry. Fungicides and insecticides are made using copper sulphate as a raw ingredient in farming to increase crop yield. Farmers are shifting to efficient techniques in farming due to an increase in food consumption globally.
Market Drivers
Copper sulfate is being used in the end-user industry market and they are agriculture domain, healthcare domain, mining and metallurgy as these drivers are the key factors for the growth of the blue vitriol.
Market Restraints
Blue vitriol can cause severe eye irritation. Consuming excessive amounts of copper sulphate can cause nausea, vomiting, and harm to the liver, kidneys, blood cells, tissues, and other organs. With extreme exposures, shock and death can occur, similarly affecting animals.
Covid-19 Impact
The COVID-19 outbreak had a detrimental effect on the industrial sector's growth of the worldwide copper sulfate market for more than 18 months. During this epidemic, copper sulfate is expensive due to the price of copper oxide and sulphuric acid as well as several constraints on regional supplies brought on by the lockdown, which caused a suspension of transit. The market in these industries is negatively impacted by the decline in demand for copper sulfate in the electronic and other industries. A significant shift in the demand for copper sulfate from the healthcare sector was brought about by the pandemic outbreak. Since copper sulfate is an unneeded risk and water contamination in ponds and lakes can be damaging to both people and animals, there is an increase in awareness of eco-friendly products among the general public during this epidemic. The COVID-19 outbreak caused many infrastructure projects in developing nations to be put on hold, which also caused the demand for this commodity in this industry to fall. As a result, the aforementioned variables are anticipated to positively affect the current expansion of the worldwide copper sulfate market in developed countries infrastructure.
Market Segmentation
The market is segmented into by type anhydrous, copper (II) sulfate monohydrate, copper(II) sulfate pentahydrate, and rare mineral boothite by application agriculture, mining, metallurgy, chemicals, construction, and healthcare sectors.
Regional Analysis
The global blue vitriol market is divided into Europe, North America, Asia Pacific, South America, and the Middle East & Africa. A substantial market share of almost 50% is anticipated for the Asia Pacific region in 2022, thanks to China and India's rapidly expanding agricultural sectors. North America is estimated to surpass a market value of USD 250 million by 2025 owing to the adoption of advanced products to enhance agricultural produce.
Key Players
The most important companies that specialize in copper sulfate and chemicals are Wego Chemical Group, Allan Chemical Corporation, Atotech, NOAH Technologies Corporation, Beneut Enterprise Co. LTD, Blue Line Corp, Highnic Group, Univertical LL, Old Bridge Chemicals Inc, NEKK Industrial Group.
Market Taxonomy
By Type
• Anhydrous
• Copper(II) sulfate monohydrate.
• Copper(II) sulfate pentahydrate.
• The rare mineral boothite
By Application
• Agriculture
• Mining and Metallurgy
• Chemicals
• Construction
• Healthcare
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Question Addressed by the Report
• What are the Key Opportunities in the Global Blue Vitriol Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
• What is the competitive Landscape in the industry?
Global Blue Vitriol (Copper Sulfate) Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Blue Vitriol (Copper Sulfate) Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Blue Vitriol (Copper Sulfate) Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Blue Vitriol (Copper Sulfate) Market Share Analysis, By Type
5.3 Global Blue Vitriol (Copper Sulfate) Market Size and Forecast, By Type
5.3.1 Anhydrous
5.3.2 Copper(II) sulfate monohydrate.
5.3.3 Copper(II) sulfate pentahydrate.
5.3.4 The rare mineral boothite
6 Global Blue Vitriol (Copper Sulfate) Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Blue Vitriol (Copper Sulfate) Market Share Analysis, By Application
6.3 Global Blue Vitriol (Copper Sulfate) Market Size and Forecast, By Application
6.3.1 Agriculture
6.3.2 Mining and Metallurgy
6.3.3 Chemicals
6.3.4 Construction
6.3.5 Healthcare
7 Global Blue Vitriol (Copper Sulfate) Market, By Region
7.1 Global Blue Vitriol (Copper Sulfate) Market Share Analysis, By Region
7.2 Global Blue Vitriol (Copper Sulfate) Market Share Analysis, By Region
7.3 Global Blue Vitriol (Copper Sulfate) Market Size and Forecast, By Region
8 North America Blue Vitriol (Copper Sulfate) Market, Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Blue Vitriol (Copper Sulfate) Market Share Analysis, By Type
8.3 North America Blue Vitriol (Copper Sulfate) Market Size and Forecast, By Application
8.4 North America Blue Vitriol (Copper Sulfate) Market Size and Forecast, By Country
8.4.1 U.S.
8.4.1.1 Market Size and Forecast, By Type
8.4.1.2 Market Size and Forecast, By Application
8.4.2 Canada
8.4.2.1 Market Size and Forecast, By Type
8.4.2.2 Market Size and Forecast, By Application
8.4.3 Mexico
8.4.3.1 Market Size and Forecast, By Type
8.4.3.2 Market Size and Forecast, By Application
9 Europe Blue Vitriol (Copper Sulfate) Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Blue Vitriol (Copper Sulfate) Market Share Analysis, By Type
9.3 Europe Blue Vitriol (Copper Sulfate) Market Size and Forecast, By Application
9.4 Europe Blue Vitriol (Copper Sulfate) Market Size and Forecast, By Country
9.4.1 Germany
9.4.1.1 Market Size and Forecast, By Type
9.4.1.2 Market Size and Forecast, By Application
9.4.2 France
9.4.2.1 Market Size and Forecast, By Type
9.4.2.2 Market Size and Forecast, By Application
9.4.3 UK
9.4.3.1 Market Size and Forecast, By Type
9.4.3.2 Market Size and Forecast, By Application
9.4.4 Russia
9.4.4.1 Market Size and Forecast, By Type
9.4.4.2 Market Size and Forecast, By Application
9.4.5 Italy
9.4.5.1 Market Size and Forecast, By Type
9.4.5.2 Market Size and Forecast, By Application
9.4.6 Spain
9.4.6.1 Market Size and Forecast, By Type
9.4.6.2 Market Size and Forecast, By Application
9.4.7 Rest of Europe
9.4.7.1 Market Size and Forecast, By Type
9.4.7.2 Market Size and Forecast, By Application
10 Asia Pacific Blue Vitriol (Copper Sulfate) Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Blue Vitriol (Copper Sulfate) Market Share Analysis, By Type
10.3 Asia Pacific Blue Vitriol (Copper Sulfate) Market Size and Forecast, By Application
10.4 Asia Pacific Blue Vitriol (Copper Sulfate) Market Size and Forecast, By Country
10.4.1 China
10.4.1.1 Market Size and Forecast, By Type
10.4.1.2 Market Size and Forecast, By Application
10.4.2 Japan
10.4.2.1 Market Size and Forecast, By Type
10.4.2.2 Market Size and Forecast, By Application
10.4.3 India
10.4.3.1 Market Size and Forecast, By Type
10.4.3.2 Market Size and Forecast, By Application
10.4.4 South Korea
10.4.4.1 Market Size and Forecast, By Type
10.4.4.2 Market Size and Forecast, By Application
10.4.5 Australia
10.4.5.1 Market Size and Forecast, By Type
10.4.5.2 Market Size and Forecast, By Application
10.4.6 New Zealand
10.4.6.1 Market Size and Forecast, By Type
10.4.6.2 Market Size and Forecast, By Application
10.4.7 Singapore
10.4.7.1 Market Size and Forecast, By Type
10.4.7.2 Market Size and Forecast, By Application
10.4.8 Malaysia
10.4.8.1 Market Size and Forecast, By Type
10.4.8.2 Market Size and Forecast, By Application
10.4.9 Rest of Asia Pacific
10.4.9.1 Market Size and Forecast, By Type
10.4.9.2 Market Size and Forecast, By Application
11 Latin America Blue Vitriol (Copper Sulfate) Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Blue Vitriol (Copper Sulfate) Market Share Analysis, By Type
11.3 Latin America Blue Vitriol (Copper Sulfate) Market Size and Forecast, By Application
11.4 Latin America Blue Vitriol (Copper Sulfate) Market Size and Forecast, Country
11.4.1 Brazil
11.4.1.1 Market Size and Forecast, By Type
11.4.1.2 Market Size and Forecast, By Application
11.4.2 Argentina
11.4.2.1 Market Size and Forecast, By Type
11.4.2.2 Market Size and Forecast, By Application
11.4.3 Colombia
11.4.3.1 Market Size and Forecast, By Type
11.4.3.2 Market Size and Forecast, By Application
11.4.4 Peru
11.4.4.1 Market Size and Forecast, By Type
11.4.4.2 Market Size and Forecast, By Application
11.4.5 Chile
11.4.5.1 Market Size and Forecast, By Type
11.4.5.2 Market Size and Forecast, By Application
11.4.6 Venezuela
11.4.6.1 Market Size and Forecast, By Type
11.4.6.2 Market Size and Forecast, By Application
11.4.7 Rest of Latin America
11.4.7.1 Market Size and Forecast, By Type
11.4.7.2 Market Size and Forecast, By Application
12 Middle East Blue Vitriol (Copper Sulfate) Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Blue Vitriol (Copper Sulfate) Market Share Analysis, By Type
12.3 Middle East Blue Vitriol (Copper Sulfate) Market Size and Forecast, By Application
12.4 Middle East Blue Vitriol (Copper Sulfate) Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.1.1 Market Size and Forecast, By Type
12.4.1.2 Market Size and Forecast, By Application
12.4.2 UAE
12.4.2.1 Market Size and Forecast, By Type
12.4.2.2 Market Size and Forecast, By Application
12.4.3 Egypt
12.4.3.1 Market Size and Forecast, By Type
12.4.3.2 Market Size and Forecast, By Application
12.4.4 Kuwait
12.4.4.1 Market Size and Forecast, By Type
12.4.4.2 Market Size and Forecast, By Application
12.4.5 South Africa
12.4.5.1 Market Size and Forecast, By Type
12.4.5.2 Market Size and Forecast, By Application
12.4.6 Rest Middle East & Africa
12.4.6.1 Market Size and Forecast, By Type
12.4.6.2 Market Size and Forecast, By Application
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Wego Chemical Group
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Allan Chemical Corporation
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Atotech
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 NOAH Technologies Corporation
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Beneut Enterprise Co. LTD
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Blue Line Corp
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Highnic Group
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Univertical LL
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Old Bridge Chemicals Inc
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 NEKK Industrial Group
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
