Market Size of Copper Ammonium Carbonate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Copper Ammonium Carbonate Market Analysis
The market for copper ammonium carbonate is expected to grow at a CAGR of less than 5% globally. Major factor driving the market studied is the increasing use of copper ammonium carbonate in agricultural applications, along with demand for inorganic fungicide primarily in wood treatment. On the flip side, stringent government regulations pertaining to use of toxic agrochemicals and unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.
- Agriculture is expected to dominate the application segment of the global copper ammonium carbonate market as it is used in broad spectrum of fungicides in crops like wheat, barley, and oats among others.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, South Korea, India, and Japan.
