We have an updated report [Version - 2024] available. Kindly sign up to get the sample of the report.
all report title image

MERCURY REMOVAL ADSORBENTS MARKET ANALYSIS

Mercury Removal Adsorbents Market, By Type (Activated Carbon, Loaded Metal Adsorbent, Zeolites, Activated Alumina, Others), By Application (Oil and Gas, Water Treatment, Others), And By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)

  • Published In : Feb 2023
  • Code : CMI5543
  • Pages :135
  • Formats :
      Excel and PDF
  • Industry : Advanced Materials

The global mercury removal adsorbents market is projected to surpass US$ 2,060.0 Mn by the end of 2030, in terms of revenue, growing at CAGR of 4.36% during the forecast period (2023-2030).

Drivers

Rising awareness regarding harmful impacts of mercury on the aquatic ecology

Mercury is one of the toxic wastes which enters the environment through different industries such as oil and gas refineries, chemicals, plastics, and cement. In addition, mercury is released into the environment after being used in fluorescent lights and mercury cells. The discharge of mining and industrial wastes results in the introduction of mercury into some water bodies, such as rivers, oceans, groundwater, lakes, ponds, and others. Mercury can be absorbed by the small oceanic species, which larger organisms can then consume. The bioaccumulation of mercury in aquatic organisms has harmful effects on aquatic ecology. Thus, there is soaring demand for mercury removal adsorbents across the globe.

Figure 1. Global Mercury Removal Adsorbents Market, Revenue Share (%), By Region, 2022

MERCURY REMOVAL ADSORBENTS MARKET

To learn more about this report, request sample copy

Among the regions, North America is accounted for the largest share of the global mercury removal adsorbents market in 2022. In North America, major countries such as Canada and U.S. are leading producers of natural gas. In addition, rapid economic development and the presence of well-developed chemical plants in these countries is expected to enhance industrial productivity. For instance, in December 2021, according to U.S. Energy Information Administration, the production of dry natural gas was 34.5 Tcf (trillion cubic feet) and 94.6 bn cubic feet per day. In addition, in 2021, the production of dry natural gas is 13% greater than its consumption. Moreover, in 2021, according to the Chemistry Industry Association of Canada, the sales of industrial chemicals raised by 31% more than in 2020. Mercury removal adsorbents are used for the prevention of downstream equipment damage in chemical plants. Thus, growing production and consumption of chemicals and natural gas is expected to bolster the global mercury removal adsorbents market growth.

Market Restraints

Emission of heat during the mercury removal adsorption process is hindering the market growth

However, mercury removal adsorption is an exothermic process that released heat into the environment. The emission of heat during the adsorption process has harmful effects on the environment and the human body. In addition, the high cost of mercury removal adsorbents is expected to hamper the market growth over the forecast period.

Mercury Removal Adsorbents Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2022: US$ 1,464.3 Mn
Historical Data for: 2017 to 2021 Forecast Period: 2023 to 2030
Forecast Period 2023 to 2030 CAGR: 4.36% 2030 Value Projection: US$ 2,060.0 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East & Africa: GCC Countries, Israel, and Rest of Middle East, South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: Activated Carbon, Loaded Metal Adsorbent, Zeolites, Activated Alumina
  • By Application: Oil and Gas, Water Treatment, Others
Companies covered:

Pall Corporation, Johnson Matthey, Axens, Honeywell UOP, BASF SE, NUCON International Inc., UNICAT Catalyst Technologies, LLC., Calgon Carbon Corporation, Cabot Corporation, SLB.

Growth Drivers:
  • Rising awareness regarding harmful impacts of mercury on the aquatic ecology
Restraints & Challenges:
  • Emission of heat during mercury removal adsorption process

Uncover macros and micros vetted on 75+ parameters: Get instant access to report

Market Trends

Growing awareness about the agro industrial waste adsorbents

Mercury is one of the toxic elements as it causes dangerous health effects on the digestive, nervous, and immune systems of organisms. In addition, it has harmful effects on the kidneys and lungs due to its properties such as high persistence, and bioaccumulation. The agro industrial waste such as date pits is used as adsorbents for the removal of mercury from wastewater. In addition, date pits are used to remove heavy metals such as Cd, As, Hg, and Pb from aquatic animals.

Figure 2. Global Mercury Removal Adsorbents Market, Revenue Share (%), by Type, in 2022

MERCURY REMOVAL ADSORBENTS MARKET

To learn more about this report, request sample copy

On the basis of type, the global mercury removal adsorbents market is segmented into activated carbon, loaded metal adsorbent, zeolites, activated alumina, and others. The most market share in 2021 will belong to activated carbon since it is an effective adsorbent for removing mercury from contaminated water systems. In addition, activated carbon is also known as activated charcoal. It has a granular and nonporous structure which is useful for the efficient adsorption of mercury. Moreover, activated carbon is made from coconut shells, coal, and wood.

On the basis of applications, the global mercury removal adsorbents market is classified into oil and gas, water treatment, and others. Among these, oil and gas is accounted for the largest share in 2022. The increasing demand for mercury removal adsorbents in oil and gas sector owing to the rising production of chemicals and natural gas is boosting the product demand across the globe. The growing awareness about the removal of mercury from natural gas due to corrosion difficulties, downstream catalyst poisoning, and corrosion difficulties is likely to propel the demand for mercury removal adsorbents.

Global Mercury Removal Adsorbents Market- Impact of Coronavirus (Covid-19) Pandemic

The outbreak of COVID-19 negatively impacted the global mercury removal adsorbents market due to the strict lockdown. Assembling or manufacturing organizations with mercury removal adsorbents were facing hardships at their working sites during the pandemic. Some factors such as interruption in the supply and demand chain and stringent regulations on the transportation of workers restrained the global market growth of mercury removal adsorbents during the pandemic.

Competitive Section

Pall Corporation, Johnson Matthey, Axens, Honeywell UOP, BASF SE, NUCON International Inc., UNICAT Catalyst Technologies, LLC., Calgon Carbon Corporation, Cabot Corporation, SLB.

Definition - Mercury removal adsorbents are used for the process of removing mercury from different hydrocarbons. In addition, these adsorbents are widely used for removing mercury in wastewater treatment and the distillation process of natural gas and crude oil.

 

Share

About Author

Vidyesh Swar is a seasoned Consultant with a diverse background in market research and business consulting. With over 6 years of experience, Vidyesh has established a strong reputation for his proficiency in market estimations, supplier landscape analysis, and market share assessments for tailored research solution. Using his deep industry knowledge and analytical skills, he provides valuable insights and strategic recommendations, enabling clients to make informed decisions and navigate complex business landscapes.

Missing comfort of reading report in your local language? Find your preferred language :

Frequently Asked Questions

The global Mercury Removal Adsorbents Market size was valued at USD 1,464.3 million in 2023 and is expected to reach USD 2,060.0 million in 2030.

Global mercury removal adsorbents market was valued at around US$ 1,464.3 Million in 2022.

Rising awareness regarding the harmful impacts of mercury on aquatic ecology is one of the driving factors for the market.

Growing awareness about agro industrial waste adsorbents is one of the trends in the global mercury removal adsorbents market.

Emission of heat during the mercury removal adsorption process is hindering the market.

Major players operating in the market include, Pall Corporation, Johnson Matthey, Axens, Honeywell UOP, BASF SE, NUCON International Inc., UNICAT Catalyst Technologies, LLC., Calgon Carbon Corporation, Cabot Corporation, SLB.

The compound annual growth rate (CAGR) of the market is 4.36% during the forecast period (2023-2030).
Logo

Credibility and Certifications

ESOMAR
DUNS Registered

860519526

Clutch
Credibility and Certification
Credibility and Certification

9001:2015

Credibility and Certification

27001:2022

Logo

Credibility and Certifications

ESOMAR
DUNS Registered

860519526

Clutch
Credibility and Certification
Credibility and Certification

9001:2015

Credibility and Certification

27001:2022

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Customize Now

Select a License Type





Logo

Credibility and Certifications

ESOMAR
DUNS Registered

860519526

Clutch
Credibility and Certification
Credibility and Certification

9001:2015

Credibility and Certification

27001:2022

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo
© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.