Copper Sulfate Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#copper–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Copper
Sulfate Market Procurement Research Report.’ The insights and
data in this report provide a strategic analysis of the supply markets,
factors influencing purchasing decisions, procurement best practices,
pricing models, supplier landscape, and an analysis of the supplier
capability matrix for the chemicals
industry. This report breaks down the data and analysis behind
the procurement of copper sulfate and acts as an all-inclusive guide for
making smart purchasing decisions.

“The global copper sulfate market is experiencing strong demand from
end-user industries such as agriculture, construction, chemicals, and
pharmaceuticals due to the rise in production in these industries,” says
SpendEdge procurement analyst Bhuvaneshwari Udayakumar. “Also, the
market is experiencing a surge in M&A by global suppliers to enhance
their geographical footprint and market share,” added Bhuvaneshwari.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global Copper
Sulfate Market:

• Rise in focus of suppliers in the quality enhancement of industrial
  and feed grades
• Increase in vertical integration by global suppliers
• Growing production of copper sulfate from mineral rocks

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The rise in focus of suppliers in the quality enhancement of
industrial and feed grades:

Leading suppliers in the copper sulfate market space are increasingly
focusing on providing copper sulfate with enhanced grades that adhere to
the industry standards as set by organizations such as FDA (US).
Moreover, the suppliers are trying to achieve 99.99% of purity of copper
sulfate in industrial and feed grade through various testing techniques
such as Inductively Coupled Plasma-Optical Emission Spectrometry. The
enhancement of grades mainly focuses on reducing toxicity by eliminating
impurities such as Fe and Ni. This will further increase the quality of
end-products.

Increase in vertical integration by global suppliers:

Several suppliers in this market space are increasingly focusing on
vertical integration. This is mainly because vertical integration offers
the assurance of supply in the production of raw materials such as
sulfuric acid and it also helps in reducing the overall operational
expenditure of suppliers. Moreover, it also enables standardization of
raw materials thereby adherence to industrial and reagent grades.

Growing production of copper sulfate from mineral rocks:

Suppliers are increasingly producing copper sulfate from mineral rocks
rather than producing it from copper scrap. This is because copper
sulfate that is produced from copper scraps contains a high amount of
toxins such as dioxin. Moreover, organizations such as the US FDA are
restricting the use of copper sulfate that is manufactured from copper
scraps as feed grade. This, in turn, is driving suppliers in this market
space to shift their manufacturing source toward mineral rocks.

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excellence. We are a preferred procurement market intelligence partner
for Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
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Anirban Choudhury
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630 984 7340
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