The Europe Copper Chemicals Market would witness market growth of 5.8% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 1,594.56 hundred Tonnes, showcasing a growth of 14.9% (2020-2023).
In the paints and coatings industry, copper chemicals serve multiple purposes, contributing to the formulation of high-performance coatings with enhanced durability, antimicrobial properties, and aesthetic appeal. One significant application is in the production of antifouling paints for marine vessels and structures. Copper-based compounds such as cuprous oxide and copper pyrithione are incorporated into marine coatings to inhibit the growth of algae, barnacles, and other marine organisms, thereby preventing biofouling and reducing drag resistance. Hence, France utilized 19.57 hundred tonnes of copper chemical in Paints industry in 2023.
The Germany market dominated the Europe Copper Chemicals Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $214.2 million by 2031. The UK market is exhibiting a CAGR of 4.8% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6.6% during (2024 - 2031).
Copper and its compounds possess inherent antimicrobial characteristics, rendering them exceptionally potent in eradicating fungi, bacteria, and viruses. The increasing prevalence of healthcare-associated infections (HAIs) globally has generated a need for antimicrobial products to prevent and maintain hygiene in healthcare facilities. The production of copper-infused surfaces, coatings, and fabrics, which aid in preventing the spread of pathogens, heavily relies on copper chemicals.
With a substantial investment in healthcare and social development, there may be an increased demand for copper chemicals for agricultural purposes, such as protecting crops from diseases and ensuring food security. Additionally, the healthcare sector's expansion could lead to higher demand for medical devices and equipment that use copper chemicals in their manufacturing processes.
The UK government is investing in upgrading and modernizing its water infrastructure to meet growing demand and improve water quality. Copper chemicals play a vital role in maintaining the integrity and efficiency of water treatment systems, contributing to the UK's reliability and sustainability of water supplies. These chemicals are used in industrial water treatment processes to control algae, biofouling, and microbial growth in industrial water systems in the UK. Industries such as power generation, manufacturing, and food processing rely on copper chemicals in the UK for effective water treatment and process optimization. Hence, these factors will expedite the growth of the regional market.
Free Valuable Insights: The Global Copper Chemicals Market will Hit USD 4 Billion by 2031, at a CAGR of 6.3%
Based on Application, the market is segmented into Agriculture, Ceramic, Textile, Paints, Mining & Metallurgy, and Others. Based on Type, the market is segmented into Copper Sulphate, Copper Oxychloride, Cupric Oxide, Cuprous Chloride, Basic Copper Carbonate, Cupric Chloride and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Country (Volume, Hundred Tonnes, USD Billion, 2020-2031)
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