According to a recent market study published by Growth Market Reports, titled, "Global Cuprous Oxide (CAS 1317-39-1) Market by purity, applications, sales channels and by countries: Size, Share, Trends and Opportunity Analysis, 2018-2028", the market was valued at USD 702.8 Million in 2020 and is expected to grow at a healthy growth rate of 910.3 by the year 2028. Cuprous oxide (chemical formula - Cu2O) refers to an inorganic compound and is one of the oxides of copper. It appears as a powder of red, brown, or yellow color, is widely recognized as a semiconductor material since the 1980s, and has gathered attention as a feasible photocatalyst for degradation of chemicals for disinfecting pathogens such as bacteria or fungi. The compound exhibits good corrosion resistance as a result of reactions at the surface between the oxygen in the air and the copper to give a thin protective layer of oxide. The compound has no odor and is insoluble in water; however, it is soluble in ammonia or hydrochloric acid. Cuprous oxide is manufactured on an extensive scale by reducing mixed copper oxides ores with copper (metal) or via the electrolysis of an aqueous solution of sodium chloride by using copper electrodes. In recent years, cuprous oxide in the form of nanoparticles is attracting attention, as it has several advantages in catalytic absorption and has anti-fouling properties.

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Global Cuprous Oxide (CAS 1317-39-1) market has been fragmented based on purity, application, sales channel and by regions. In terms of purity, the global Cuprous Oxide (CAS 1317-39-1) market is categorized as below up to 98% and above 98%. In terms of applications, the market is classified as catalyst, antifouling agent, agricultural fungicide and seed dressing, pigment, and others. In terms of sales channel the market is divided as online and offline. Considering regions, Cuprous Oxide (CAS 1317-39-1) Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America region is further bifurcated into countries such as the U.S., and Canada. The Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, the Asia Pacific is further segmented into, China, Japan, South Korea, Australia, Southeast Asia, and Rest of Asia Pacific. The European region is further categorized into Germany, France, Italy, the U.K., Spain, Russia, and the Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and the Rest of MEA.

The effect of COVID-19 pandemic situation has led to the closure of several non-essential businesses reducing the demand for industrial goods in the world, which in turn, is affecting several industries worldwide. The COVID-19 pandemic has negatively affected the activities across Cuprous Oxide (CAS 1317-39-1) related processes globally, the demand for Cuprous Oxide (CAS 1317-39-1) decreased throughout the pandemic. As the industries such as antifouling paint manufacturing, glass and ceramic manufacturing, and agricultural chemical manufacturing; halted or shut down their production. The market is expected to gain traction from 2nd and 3rd quarter of 2021.

As per growth market reports industry analyst Partha Paul, “The growing marine and agriculture industries are expected to aid the growth of global cuprous oxide (CAS 1317-39-1) market.”

Key Takeaways from the Study:

  • Cuprous oxide is a popular choice for pigments in the glazing and glass coloring industry. Demand for colored glass and glazing is increasing, due to rising infrastructure, increasing urbanization, growing population, and rising disposable income, as these factors together are leading to an increased number of construction projects across the globe. This growth of the construction sector is expected to boost the demand for glazing and colored glass, which in turn, is anticipated to fuel the demand for cuprous oxide.
  • The energy industry is anticipated to rise during the forecast period. Moreover, there is a growing emphasis on renewable energy as a result of countries across the globe aiming to adopt sustainable fuels and reduce carbon emissions. Hydrogen as a fuel is anticipated to gain prominence for which cuprous oxide is expected to play a key role, as it is a promising candidate for the generation of hydrogen from solar energy.
  • Investments are being made to replace Cu2O for anti-fouling paints which are expected to be commercially available by 2024. These factors are keeping the threat of substitutes moderate to low during the forecast period.
  • Based on purity, the global cuprous oxide (CAS 1317-39-1) market is segmented into up to 98% and above 98% The above 98% segment is expected to grow at a rapid pace during the forecast period, as performance of the compound at this purity level is efficient and is largely preferred by chemical companies.

Report Scope:

Report Metric

Details

Market Value in 2020

USD 702.8 Million

Market Growth Rate (from 2021 to 2028)

3.8%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 – 2028

Market Segments

Purity, Applications, Sales Channels

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific, Germany, France, Italy, U.K., Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, UAE and Rest of MEA.

Key Companies Profiled

Haihang Industry, PERRYCHEM, American Elements, Alfa Aesar, Thermo Fisher Scientific, Jiangsu TEHO Metal Industrial Co., LTD, American Chemet Corporation, XI'AN FUNCTION MATERIAL GROUP CO.,LTD, Loba Chemie PVT LTD., Suchem Industries, Shanghai Xinbao Fine Chemical Factory

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Cuprous Oxide (CAS 1317-39-1) manufacturers, and suppliers.
  • Demand Side: Chemical industry, Antifouling paint manufacturers, Agricultural Fungicide and Seed Dressing manufacturers, glass, ceramic and artificial beads manufacturers.
  • Associations and Industry Bodies: EMSA - European Maritime Safety Agency, ACA- Australasian Corrosion Association, ASIC-Australian Seafood Industry Council, AMSA-Australian Maritime Safety Authority, IACS- International Association of Classification Societies, IAS- International Antifouling System, IGA- Inter-Governmental Agreement, IMO-International Maritime Organization, ISO- International Standards Organization, MSV- Marine Safety Victoria etc.