Mercury Market – Global Industry Analysis and Forecast (2023-2029)

Mercury Market was worth US$ 4.47 Bn in 2022 and total revenue is expected to grow at a rate of 1 % CAGR from 2023 to 2029, reaching almost US$ 4.79 Bn in 2029.

The report has covered the market trends from 2017 to forecast the market through 2029. 2022 is considered a base year. Special attention is given to 2022 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.To know about the Research Methodology:-Request Free Sample Report
COVID-19 impact on market:
COVID-19 has the potential to have three major effects on the global economy: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities following the COVID-19 dilemma.
Mercury Market Overview:
 Mercury is one of the type of metal, the actual name of mercury is hydragyrum represented by symbol Hg and atomic mass no 80. It is also commonly known as quicksilver.  The special property of mercury is that it is remain liquid in room temperature, theses property makes mercury different from other metals. The color of mercury is silver and it is bad conductor of heat. Mercury is commonly take out from minerals and most common mineral type used is cinnbar.it is red color rock containing mercury sulfide (HgS). Mercury used in various sectors in healthcare industry the use of mercury is very vast. The mercury used in various medical equipment such as barometers, Thermometers and electric equipment.
Mercury Market Dynamics:
Mercury’s density and compactness enable it to be used for medicinal purposes. The characteristic properties of mercury allow the extraction of gold from ore in artisanal and small-scale gold mining. Various distinct challenges are associated with mercury. Health hazards and environmental effects are reducing the use of mercury. These circumstances hampered the market growth of mercury. Prolong exposure to mercury can lead to several health hazards including kidney damage, nerve damage and skin irritation, and others. The surplus release of mercury in the environment can pose serious environmental threats.

Mercury is mostly used in the mining sector for the extraction of gold. Though it is not a supreme means for extraction still it is a conservative means for the extraction promoting the use of mercury in electrical switches. Mercury finds its major uses in dentistry, sphygmomanometers, and thermometers. Hospitals are issuing guidelines to reduce the use of mercury as several health hazards can be caused once mercury is released into the environment. The electrical and lighting segment witnessed an increase in demand for mercury on the account of the use of mercury in switches as it has a very low melting point a very high boiling point.

Mercury is extensively used in sphygmomanometer for the measurement of blood pressure, also environmental concern the mercury is ban in European countries, and supply of mercury in USA is restricted only for healthcare use. Emerging economics signed the minamata convention that products containing mercury should be banned for import and export by 2030.
Mercury Market Segment Analysis:
Based on Product type, the market is sub-segmented into chemical manufacturing, Artisanal gold mining, Batteries measurement, Control devices, Electrical and Lighting, Healthcare and Pharmaceutical. Healthcare and Pharmaceutical segment dominated in the market. Health related issues and growth of pharmaceutical sector are two major factor driving the demand of mercury market. The demand of mercury also increase in electrical industry, mercury used in electrical equipment such as switches, LCD screen and Monitors.
Mercury Market Key Highlights:
Global Mercury Market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Mercury Market

Global Mercury Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Mercury Market are also profiled.
Regional Analysis:
The Asia pacific region dominated the global mercury market. In that china is the largest manufacture of mercury holding 85% of total globe. China and Kyrgyzstan are the world largest mine production and reveres of mercury. Mercury compound is used as a reactant in the coal based production of vinyl chloride in china. Artisanal small –scale gold mining (ASGM) has extensive operations in over 55 countries in Asia, South America and Africa. ASGM acts as a microeconomic source for these countries, also ASGM has adverse effects on the envirounment5al and human health. The use of dental amalgams in china goes back to the year 1000 AD, in 2020 dental amalgams are made of mercury and a metal alloy made of silver, tin and copper.
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Mercury Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US$ 4.47 Bn.


Forecast Period 2023 to 2029 CAGR:
1 %
Market Size in 2029:
US$ 4.79 Bn.


 Segments Covered:
by Application
Chemical manufacturing
Artisanal Gold Mining
Batteries Measurement
Control Devices
Electrical and lighting
Healthcare
Pharmaceuticals


by Product Type
Metal
Alloy
Compounds



Mercury Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Key Players
1. Avantor Performance Materials
2. Globe Chemicals
3. Mayasa
4. Sigma Aldrich
5. Aldrett Hermanos
6. Bethlehem Apparatus
7. China Jin Run Industrial
8. Merck KGaA
9. Wake Group
10. Acton Technologies
11. D.F. Goldsmith Chemical & Metal Corp
12. NOAH Technologies Corporation
13. Reagents
14. Inorganic Ventures
15. ACI Alloys
16. SAE Manufacturing Specialties Corp

Frequently Asked Questions:

1. Which region has the largest share in Global Mercury Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Mercury Market?
Ans: The Global Mercury Market is growing at a CAGR of 1% during forecasting period 2023-2029.

3. What is scope of the Global Mercury market report?
Ans: Global Mercury Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Mercury market?
Ans: The important key players in the Global Mercury Market are – Avantor Performance Materials, Globe Chemicals, Mayasa, Sigma Aldrich, Aldrett Hermanos, Bethlehem Apparatus, China Jin Run Industrial, Merck KGaA, Wake Group, Acton Technologies, D.F. Goldsmith Chemical & Metal Corp, NOAH Technologies Corporation, Reagents, Inorganic Ventures, ACI Alloys, and SAE Manufacturing Specialties Corp

5. What is the study period of this market?
Ans: The Global Mercury Market is studied from 2022 to 2029.