APAC Tops the Global Copper Oxychloride Market| Technavio

LONDON–(BUSINESS WIRE)–#Chemicals–The latest market research report by Technavio
on the global
copper oxychloride market predicts a CAGR of close to 5% during the
period 2017-2021.

The report segments the global copper oxychloride market by application
(fungicide, commercial feed supplement, and colorants and pigments) and
by geography (the Americas, EMEA, and APAC). It provides a detailed
illustration of the major factors influencing the market, including
drivers, opportunities, trends, and industry-specific challenges.

Here are some key findings of the global copper oxychloride market,
according to Technavio chemicals
and materials researchers:

• Competitive advantage of copper oxychloride over its substitutes: a
  major market driver
• In 2016, the fungicide segment dominated the market by occupying
  around 93% share
• APAC dominated the global copper oxychloride market with close to 38%
  share in 2016
• Albaugh, IQV, Isagro, Killicks Pharma, and Manica are the leading
  players in the market

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Competitive advantage of copper oxychloride over its substitutes: a
major market driver

The competitive advantage of copper
oxychloride over its substitutes is one of the major factors driving
the global copper oxychloride market. The global copper oxychloride
market faces a threat of substitutes. Some popular substitutes are
Bordeaux mixture, cupric hydroxide, copper arsenate, copper oleate, and
copper sulfate. But, copper oxychloride has a competitive advantage over
its substitutes in different applications, particularly in fungicides.
Copper oxychloride holds more than 90% of the market share in the
fungicide segment. Therefore, the growth of the global fungicide market
will propel the demand for copper oxychloride. Some of the factors
driving the demand for copper oxychloride in the commercial feed segment
are the higher copper content and lesser storing and transport costs.

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APAC: largest copper oxychloride market

The robust demand for copper oxychloride along with the increasing
demand for food has given the global copper oxychloride market a boost
in the APAC region. Countries such as China and India are witnessing
increasing demand for copper oxychloride to be used as a fungicide to
assist crop protection. The development of rural India has a role to
play in the increasing demand for copper oxychloride. There has been an
increased use of fungicides (copper oxychloride) in the country, as
India is an agriculture-based country.

According to Kurva Samba Sivudu, a lead analyst at Technavio for
research on specialty
chemicals, “Globally, India is the fourth-largest crop
protection chemicals producer, including copper oxychloride, after the
US, Japan, and China. Several developments in this region necessitate
the use of copper oxychloride, predominantly as a fungicide and drive
the market in the APAC region. Therefore, with strong drivers in place,
the global copper oxychloride market is poised for a healthy and rapid
growth.”

Competitive vendor landscape

The global copper
oxychloride market is competitive in nature with key market players
contending against each other to claim a sizable portion of the market.
Some of the key vendors operating in the global copper oxychloride
market are Albaugh, IQV, Isagro, Killicks Pharma, and Manica. The key
vendors are trying to expand geographically, particularly in developing
regions such as the APAC. Some of the strategies used by the vendors are
acquisitions, mergers, joint ventures, and long-term licenses. For
instance, Isagro signed a development, distribution, and supply
agreement, and long-term license with Rotam Agrochemical Company in
December 2014.

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