Cupric Chloride MarketSize and Trends

Market Dynamics

Wide array of applications of cupric chloride in various end-use industries such as textiles, glass & ceramics, and pesticides, and its use as a catalyst in organic and inorganic reactions are major factors driving growth of the cupric chloride market. Also, it is used as a purifying agent in the petroleum industry for manufacturing of indelible, invisible, and laundry marking inks. Significant growth of the aforementioned industries is further driving growth of the cupric chloride market. For instance, according to Federation of Indian Chambers of Commerce and Industry, major share of Indian crop protection market is of insecticides (60%), followed by fungicides, herbicides, and bio-pesticides.

Moreover, there is increasing demand for cupric chloride as laboratory agents due to catalytic and oxidizing properties of copper. Synthesis of various chemical intermediates such as diols and vinyl sulfones uses cupric chloride as a catalyst. This is expected to drive growth of the global cupric chloride market.

Market Outlook

Asia Pacific holds dominant position in the global cupric chloride market. Robust growth of industries such as textile and dyestuff in this region is increasing the demand for cupric chloride in Asia Pacific region. Moreover, due to low production cost and cheap labor, various key major manufacturers shifted their production facilities to Asia Pacific.

In Latin America, textile and handloom industry in emerging economies such as Brazil, Chile, Peru, and Argentina is well established, which is increasing the demand for cupric chloride. The market in Europe and North America is witnessing significant growth despite the sluggish economic growth in these regions due to growing manufacturing and chemical industries in these regions.