The global mercury market is segmented on the basis of an application which includes chemical manufacturing, artisanal gold mining, batteries measurement and control devices, electrical and lighting, healthcare and pharmaceuticals. The healthcare and pharmaceutical segment is expected to grow at the fastest rate owing to different characteristics of mercury which enable it to measure high temperature. The electrical and lighting segment is also not far behind the high boiling point and electrical conductivity enables the use of mercury in switches.
The CAGR of Global Mercury Market is expected to grow at a CAGR of 1.2% during the year 2017-2027. The increasing demand for mercury from various is the main reason for the growth of the market. Moreover, on the other hand various health hazard and environmental is hindering the growth of the market.
Asia-Pacific region is leading the market among all other regions. It can be accredited to the rapid industrial development and increased investment from different sectors, such as pharmaceutical, mining and electrical. In North America and Europe strict government regulations are being imposed on the use of mercury. It has hindered the growth of the market in the region. The inclination of the people towards the non-toxic material especially in medical hospitals is also a reason for slow growth in the market.
Mining Sector and Electrical industry will boost the growth of mercury
Mercury is generally used in the mining sector for the extraction of gold. Though it is not an ideal means for extraction still it is a conventional mean for the extraction. The various distinct qualities of mercury such as high boiling point and electrical conductivity are promoting the use of mercury in electrical switches.
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Though mercury is not beneficial and causes several health and environmental hazards and it is not preferred by various countries across the globe. The international convention, Minamata Convention has posed strict restrictions on the use of mercury
The report titled “Mercury Market: Global Demand Analysis & Opportunity Outlook 2027” delivers a detailed overview of the global mercury market in terms of market segmentation by application type and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global mercury market which includes company profiling of key companies such as Avantor Performance Materials, Globe Chemicals, Mayasa, Sigma Aldrich, Aldrett Hermanos, Bethlehem Apparatus, China Jin Run Industrial. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global mercury market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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