MERCURY REMOVAL ADSORBENTS MARKET ANALYSIS

Mercury Removal Adsorbents MarketSize and Trends

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).

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.

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

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.

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.