Cupferron Market - Forecast(2023 - 2028)

Report Code: CMR 1006 Report Format: PDF + Excel

Cupferron Market Overview

The Cupferron Market size is estimated to reach US$110 million by 2027, growing at a CAGR of 6.5% during 2022-2027. Cupferron is jargon for the ammonium salt of N-nitroso-N-phenylhydroxylamine. It is a light yellow or cream-colored crystal or a brown crystalline substance, used as a reagent in the separation of copper and iron. Also, it is widely used in research & academic intuitions, forensic laboratories, cosmetic products, industrial processes, laboratory chemicals and substance manufacturing. The rise in the consumption of cupferron-based products would drive the cupferron industry. As per the Cosmetic, Toiletry and Perfumery Association, the cosmetics industry of Great Britain is valued at US$10271.02 million in 2021 and holds the major share in the European cosmetics market sales. Thus, the rise in the consumption of cosmetics products would surge the cupferron industry. However, the global economic downturn caused by the COVID-19 pandemic resulted in a huge drop in demand for cupferron in the cosmetics and pharmaceutical sectors all across the world. This had a significant impact on the growth of the Cupferron industry.

Cupferron Market Report Coverage

The report: “Cupferron Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Cupferron industry.

By Grade: Reagent Grade, Pharma Grade and Industrial Grade.
By Application: Research & Academic Intuitions, Forensic Laboratories, Cosmetic Products, Industrial Process, Laboratory chemicals, Substance Manufacturing and Others.
By End-use Industry: Biotechnology, Bioscience, Pharmaceutical, Beauty & Personal Care, Industrial and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World: the Middle East (Saudi Arabia, the UAE, Israel and the Rest of the Middle East) and Africa (South Africa, Nigeria and the Rest of Africa).

Key Takeaways

  • The Asia-Pacific region dominates the Cupferron Market with a CAGR of 7.5% during the forecast period 2022-2027 owing to the rising growth in biotechnology, bioscience, beauty & personal care and pharmaceutical sectors in various countries such as China, India, Japan and South Korea.
  • Increasing demand for Cupferron for various applications such as research & academic intuitions, forensic laboratories, cosmetic products, industrial processes and substance manufacturing is driving the cupferron market growth.
  • The rise in the consumption of beauty & personal care products would boost the Cupferron industry growth.

Figure: Cupferron Market Revenue Share by Region, 2021 (%)

Cupferron Market

For more details on this report - Request for Sample

Cupferron Market Segment Analysis – By Grade

The reagent grade segment held a significant share of the Cupferron Market in 2021 and is expected to grow at a CAGR of 6% during 2022-2027. The regent grade cupferron is widely used to separate vanadium copper and iron from other metal ions. Also, it is used for the quantitative analysis of various metal elements like aluminum, zinc, copper, iron, niobium, tin, thorium, titanium, vanadium, gallium, mercury, manganese, zirconium and others. The rise in the chemical sector would increase the demand for the cupferron industry. According to American Chemistry Council, American chemistry is poised to accelerate as the strong consumer demand and restocking drive market growth. The production volume has grown by 1.4% in 2021 and is expected to grow by 4.3% in 2022 and 2.1% in 2023. Thus, with the rise in the chemical sector globally, the demand for regent grade cupferron would increase. This, in turn, would boost the demand for the Cupferron market size during the forecast period.

Cupferron Market Segment Analysis – By End-use Industry

The pharmaceutical sector held a significant Cupferron Market share in 2021 and is estimated to grow at a CAGR of 7.2% during the forecast period 2022-2027. Cupferron is a brown crystalline substance, that can be used in the production of a pharmaceutical compound. The rise in growth of the pharmaceutical sector would eventually drive the cupferron industry. For instance, according to International Trade Administration, Brazil's drugs and pharmaceutical sales are valued at US$15.02 billion in 2020 and are expected to have a strong recovery in 2021. Also, the U.S. pharmaceutical industry spent US$83 billion on research & development in 2019. The rise in the developments and investment in the pharmaceutical sector globally is expected to bolster the requirement for cupferron which in turn would propel the growth of the cupferron market size during the forecast period.

Cupferron Market Segment Analysis – By Geography

The Asia-Pacific region dominated the Cupferron Market with a share of 38% in 2021, due to the rising biotechnology, pharmaceutical, beauty & personal care and industrial sectors in the region. Cupferron is a brown crystalline substance that finds its application in research & academic intuitions, forensic laboratories, cosmetic products, industrial processes and laboratory chemicals. The rise in the growth of end-use industries would drive the cupferron industry. The Indian pharma sector market was valued at US$45 billion in 2021 and is expected to reach US$60 billion by 2024 and US$120 billion by 2030. Also, growing industrial production would boost the demand for the cupferron market. The industrial production of China has been increasing by 3.9% YoY in June 2022, compared to the market consensus of 4.1% and much faster than a 0.7% gain in May 2022. Production picked up strongly for both manufacturing (3.4% vs 0.1% in May) and utilities (3.3% vs 0.2%) while mining output growth quickened (8.7% vs 7.0%). Among manufacturing, production grew further for both chemical raw materials and chemical products (5.4% vs 5.0% in May). Thus, with the growing industrial and pharmaceutical sectors in the APAC countries, the demand for cupferron is anticipated to increase during the forecast period and is proving to be a market booster for the Cupferron market size in this region. 

Cupferron Market Drivers

The rise in growth and technological advancements in the fields of biotechnology and bioscience:

Cupferron is used as a biological and analytical reagent in various end-use sectors such as bioscience and biotechnology. The growth of the field of technology advancement in the biotechnology and bioscience sector would drive market growth for the global analytical reagents industry. As per the Antibacterial report February 2022, a total of 64 unique new antibacterial therapeutics are in the clinical pipeline with 31 (48%) having novel targets. The advancement in technology would increase the research and development activities and, in turn, would raise the market growth. Furthermore, the rise in investment in the biotechnology sector due to an increase in research & development activities would fuel the market growth. According to Bioindustry Association (BIA), the UK biotech and life sciences companies have recorded the highest investments in 2021 with the value of £4.5billion (US$5.44 billion) raised in public and private financings, £1.7 billion (US$2.06 billion) (60%) more than in 2020. Also, the biotechnology sector in India was valued at US$70.2 billion in 2020 and is expected to reach US$150 billion by 2025. Therefore, all such factors would eventually raise the demand for the Cupferron market during the forecast period.

Flourishing Growth of the Pharmaceutical Industry:

Cupferron has flourishing demand in the pharmaceutical sector due to its usage as an analytical reagent for separation and precipitation of metal ions and a quantitative reagent for vanadate, titanium and colorimetric estimation of aluminum. The lucrative growth in the pharmaceutical industry is fueled by factors such as high spending on drugs, growing healthcare infrastructure and a high rate of chronic health incidents. According to the India Brand Equity Foundation (IBEF), the pharmaceuticals sector of India is expected to reach US$65 billion by 2024 and would further expand to US$120-130 billion by the year 2030. Furthermore, according to the International Trade Administration, the worldwide pharmaceuticals market was estimated to grow from US$1 trillion in 2015 to US$1.3 trillion by 2020. With the increasing pharmaceutical production and medication utilization, the applicability of Cupferron for the pharmaceutical compound is also growing. This, in turn, is driving the Cupferron industry.

Cupferron Market Challenges

Growing health hazards:

Excessive exposure to Cupferron can be toxic to human health. It causes skin irritation, eye irritation and respiratory problems. Also, exposure to cupferron causes gastrointestinal disturbances and is reasonably anticipated to be a human carcinogen based on evidence of carcinogenicity in experimental animals. Such factors may hamper the cupferron market growth during the forecast period. Also, the harmful emission of particulate matter during the manufacturing of cupferron is impacting the environment. Particles in the air affect both the quality of the air and visibility. The particulate matter affects the aesthetics and utility of areas through visibility reduction and may affect buildings and vegetation which. These factors are restraining the growth of the Cupferron market during the forecast period.

Cupferron Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies players adopt in the Cupferron markets. The top 10 companies in the Cupferron market are:

  1. Richman Chemical Inc.
  2. Sigma-Aldrich Co. LLC.
  3. Simagchem Corporation
  4. Hangzhou Meite Chemical Co., Ltd.
  5. Shanghai Yongzeng Chemical Company Limited
  6. J&K Scientific Ltd
  7. Meryer Chemical Technology Co Ltd,
  8. Alfa Aesar
  9. TCI Development Co Ltd
  10. Beijing Ouhe Technology Co Ltd 

Relevant Reports

Calcium Propionate Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: CMR 0345

Chromium Salt Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: CMR 0318

Ammonium Sulfate Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: CMR 0280 

For more Chemicals and Materials related reports, please click here

1. Cupferron Market - Market Overview
    1.1 Definitions and Scope 
2. Cupferron Market - Executive Summary
    2.1 Key Trends by Grade
    2.2 Key Trends by Application
    2.3 Key Trends by End-use Industry
    2.4 Key Trends by Geography
3. Cupferron Market – Comparative analysis 
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Cupferron Market - Startup Companies Scenario Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Cupferron Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Cupferron Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Cupferron Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Cupferron Market – by Grade (Market Size - US$ Million/Billion)
    8.1 Regent Grade
    8.2 Pharma Grade
    8.3 Industrial Grade 
9. Cupferron Market – by Application (Market Size - US$ Million/Billion)
    9.1 Research & Academic Intuitions
    9.2 Forensic Laboratories
    9.3 Cosmetic Products
    9.4 Industrial Process
    9.5 Laboratory Chemicals
    9.6 Substance Manufacturing
    9.7 Others
10. Cupferron Market – by End-use Industry (Market Size - US$ Million/Billion)
    10.1 Biotechnology
    10.2 Bioscience
    10.3 Pharmaceutical
    10.4 Beauty & Personal Care
    10.5 Industrial 
    10.6 Others
11. Cupferron Market - by Geography (Market Size - US$ Million/Billion)
    11.1 North America
        11.1.1 The USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 The UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 The Netherlands
        11.2.6 Spain
        11.2.7 Belgium
        11.2.8 The Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 The Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 The Rest of South America
    11.5 The Rest of the World
        11.5.1 The Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 The UAE
            11.5.1.3 Israel
            11.5.1.4 The Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 The Rest of Africa
12. Cupferron Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Cupferron Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Cupferron Market – Key Company List by Country Premium Premium
15. Cupferron Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
Connect with our experts to get customized reports that best suit your requirements. Our reports include global-level data, niche markets and competitive landscape.