Dublin, June 01, 2021 (GLOBE NEWSWIRE) -- The "Mercury Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The global mercury market report is expected to reach a CAGR of around 1% during the forecast period. The major factor driving the market studied is the demand for measuring and controlling devices.
The hazardous properties of mercury are likely to act as a restraint to the growth of the market. Owing to its hazardous nature many countries have banned mercury-containing batteries, thermometers, barometers, and blood pressure monitors, thus affecting the market studied.
Asia-Pacific is expected to dominate the global market with the majority of the demand coming from China and India.
Key Market Trends
Measuring and Controlling Devices to be the largest segment
Mercury is used in various devices such as thermometers, automotive parts, thermostat probes, barometers, vaccum guages, flame sensors, flowmeters, hydrometers, hygrometers/psychrometers, manometers, pyrometers, medical devices and more.
Mercury is used on a large scale in the sphygmomanometer for the measurement of blood pressure. Also, the measurement of blood pressure is important in the diagnosis and monitoring of a wide range of clinical conditions.Traditionally, blood pressure is measured non-invasively using sphygmomanometer. This is still recognised as, the 'gold standard' for the measuremenyt of blood pressure.
However the environmental concerns regarding mercury have led to the imposition of bans in some European countries and the supply in the United Kingdom is now restricted to healthcare use.
Asia-Pacific to Dominate the Market
The Asia-Pacific region is the largest market for mercury. In the Asia-Pacific region, China and Kyrgyzstan are the major producers of mercury. In addition to it, China has the worlds largest mine production and reserves of mercury. Also, Mercury compounds were used as catalysts in the coal-based manufacture of vinyl chloride monomer in China.
Furthermore, the Artisanal Small-Scale Gold Mining (ASGM) has its extensive operation spanning over 55 countries across Asia, South America, and Africa. ASGM acts as a microeconomic source for these countries, however, there are adverse environmental and health impacts associated with ASGM.
In China the use of dental amalgams dates back to 1000 AD, today the dental amalgams consist of mercury and a metal alloy of silver, tin, and copper.
All the aforementioned factors, in turn, are expected to augment the consumption of mercury in the region.
The mercury market is partially fragmented in nature. The major players in the mercury market are Avantor, Inc. (Thermo Fisher Scientific), AHSA, Aldrett Hermanos SA de CV, Merck KGaA, Wake Group, and China Jin Run Industrial Co.,Ltd, among others.
Reasons to Purchase this report:
The market estimate (ME) sheet in Excel format
3 months of analyst support
Key Topics Covered:
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Demand from Measuring and Controlling Devices
4.1.2 Other Drivers
4.2.1 Hazardous Properties of Mercury
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
4.5 Price Trends
4.6 Regulatory Policies
5 MARKET SEGMENTATION
5.1 Product Type
5.2.2 Dental Applications
5.2.3 Measuring and Controlling Devices
5.2.5 Electrical and Electronics Devices
5.2.6 Processing of Gold
5.2.7 Other Applications
5.3.2 North America
5.3.4 South America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Aldrett Hermanos
6.4.2 Antares Chem Private Limited
6.4.3 Avantor Performance Materials
6.4.4 Bethlehem Apparatus Co., Inc.
6.4.5 China Jin Run Industrial Co.,Ltd
6.4.7 Merck KGaA
6.4.8 Powder Pack Chem
6.4.9 Special Metals
6.4.10 Tamilnadu Engineering Instruments.
6.4.11 Wake Group
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/tn7ukk
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