MERCURY REMOVAL ADSORBENTS MARKET ANALYSIS

Mercury is a toxic heavy metal that has harmful effects on the digestive systems, lungs, kidneys, nervous, and immune systems. In addition, inorganic salts of mercury including mercuric oxide (HgO), mercuric sulphide (HgS), and mercuric chloride (HgCl2) are corrosive to the eyes, skin, and gastrointestinal tract. Due to these factors, there is increasing demand for mercury removal adsorbents for different applications such as oil and gas treatment, wastewater treatment, and others. Mercury removal adsorbents are referred to as materials used to remove mercury from the environment. The different types of mercury removal adsorbents available are activated carbon, sodium carbonate, loaded metal adsorbents, and others.

Market Dynamics

Rising crude oil production is boosting the demand for mercury removal adsorbents

Mercury is one of the toxic chemical elements present in condensate, natural gas, and crude oil. Owing to the high toxicity of mercury, there is growing demand for mercury removal adsorbents in the oil and gas industry. In addition, mercury removal adsorbents are used to prevent the failure of cryogenic equipment during the distillation process of crude oil. Furthermore, the rising demand for fuel energy such as petroleum is projected to increase the production of crude oil. For instance, in February 2023, U.S. proven reserves for crude oil and lease condensate climbed from 38.2 billion barrels to 44.4 billion barrels in 2021, a 16% increase, according to the U.S. EIA (Energy Information Administration). Moreover, U.S EIA is an organization that deals with the collection and publication of impartial and independent energy information.

Rising demand for mercury removal adsorbents in different applications

The mercury removal adsorbents have abrasion resistance and thermal stability, thus being used in different applications such as gas refining, water treatment, petroleum refining, chemicals, and others. Thus, the growing demand for mercury removal adsorbents in various industries is projected to witness ample opportunities for the global mercury adsorbents market players. In addition, mercury removal adsorbents are widely used in wastewater treatment which adsorbs toxic substances. Moreover growing demand for the treatment of water owing to the contamination of natural water resources such as lakes, oceans, rivers, streams, and others are further creating significant opportunities for the global mercury removal adsorbents market players.

The high cost of mercury removal adsorbents is hindering the market growth

The high cost of mercury removals adsorbents such as loaded metal adsorbent, zeolites, activated carbon, and activated alumina, among others. Owing to the high cost of these adsorbents there is an increase in the adsorption process cost which further hinders the growth of the global mercury adsorbents market. Furthermore, during wastewater treatment, there is a requirement for high-stream equipment. Thus, high equipment requirements and the high cost of the adsorption process are expected to restrain the global mercury removal adsorbents growth.

Key features of the study:

• This report provides an in-depth analysis of the global mercury removal adsorbents market, market size (US$ Million & Tons), and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global mercury removal adsorbents market based on the following parameters–company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Pall Corporation, Johnson Matthey, Axens, Honeywell UOP, BASF SE, NUCON International Inc., UNICAT Catalyst Technologies, LLC., Calgon Carbon Corporation, Cabot Corporation, SLB
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The global mercury removal adsorbents market report caters to various stakeholders in this industry including investors, suppliers, caffeine manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mercury removal adsorbents market

Detailed Segmentation:

• Global Mercury Removal Adsorbents Market, By Type:
  • Activated Carbon
  • Loaded Metal Adsorbent
  • Zeolites
  • Activated Alumina
  • Others
• Global Mercury Removal Adsorbents Market, By Application:
  • Oil and Gas
  • Water Treatment
  • Others
• Global Mercury Removal Adsorbents Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
  • Europe
    • By Country:
      • U.K.
      • Italy
      • France
      • Germany
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Sub-region:
      • Middle East
      • Africa
• Company Profiles
  • Pall Corporation.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Johnson Matthey
  • Axens
  • Honeywell UOP
  • BASF SE
  • NUCON International Inc.
  • UNICAT Catalyst Technologies, LLC.
  • Calgon Carbon Corporation
  • Cabot Corporation
  • SLB

*” marked represents similar segmentation in other categories in the respective section.