Global Mercury Market 2024-2028
The mercury market is forecasted to grow by USD 695.42 mn during 2023-2028, accelerating at a CAGR of 2.94% during the forecast period. The report on the mercury market provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in the adoption of mercury in button cell batteries, a rise in demand for mercury in the pharmaceutical industry, and a growing adoption of mercury in the production of chlorine and caustic soda.
Technavio's mercury market is segmented as below:
- By Application
- Electrical and electronics
- Measuring and controlling devices
- Dental application
- Gold processing
- By Product
- Metal
- Alloys
- Compounds
- By Geography
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the increasing efforts to recycle and recover emissions of mercury as one of the prime reasons driving the mercury market growth during the next few years. Also, an increase in the use of mercury in radar applications and the increasing adoption of mercury in disinfectants and preservatives will lead to a sizable demand in the market.
The report on the mercury market covers the following areas:
- Mercury market sizing
- Mercury market forecast
- Mercury market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading mercury market vendors that include Aldrett Hermanos SA de CV, Albemarle Corp., Almaden Minerals, Avantor Inc., Carbanio, China Jin Run Industrial Co. Ltd., Henan Tianfu Chemical Co. Ltd, High Purity Standards, Lab Alley, Labogens Fine Chem Industry, Luciteria Science, MaTecK GmbH, Merck KGaA, MERU CHEM PVT. LTD., Nanoshel LLC, Noah Chemicals, NovaElements, Spa Corp., Vivid India, and Wake Group. Also, the mercury market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.