Who are the key players in Mercury Market?

Avantor, Inc. (Thermo Fisher Scientific), AHSA, Aldrett Hermanos SA de CV, Merck KGaA, Wake Group and China Jin Run Industrial Co.,Ltd are the major companies operating in the Mercury Market. Read More

Which is the fastest growing region in Mercury Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Mercury Market?

In 2024, the Asia Pacific accounts for the largest market share in Mercury Market. Read More

What years does this Mercury Market cover, and what was the market size in 2023?

In 2023, the Mercury Market size was estimated at USD 4.36 billion. The report covers the Mercury Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mercury Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Mercury Market Size

Market Size of Mercury Industry

Study Period	2019-2029
Market Size (2024)	USD 4.40 Billion
Market Size (2029)	USD 4.68 Billion
CAGR (2024 - 2029)	> 1.00 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Major Players *Disclaimer: Major Players sorted in no particular order

Mercury Market Analysis

The Mercury Market size is estimated at USD 4.40 billion in 2024, and is expected to reach USD 4.68 billion by 2029, growing at a CAGR of greater than 1% during the forecast period (2024-2029).

The COVID pandemic had a mixed impact on the mercury market. On the one hand, the decline in economic activity led to a decrease in demand for mercury in some industries, such as the manufacturing and construction sectors. On the other hand, the pandemic also led to an increase in demand for mercury testing services, as governments and businesses sought to ensure that their products and environments were free of mercury contamination. Overall, the impact of COVID-19 on the mercury market is expected to be relatively modest.

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.

The mercury market is experiencing growth due to increasing demand in specific niche applications, such as catalysts in chemical processes and certain medical devices, where alternatives are not yet available.

Asia-Pacific is expected to dominate the global market, with the majority of the demand coming from China and Tajikistan.

Mercury Industry Segmentation

Mercury's density and compactness enable it to be used for medicinal purposes. Mercury's characteristic properties allow the extraction of gold from ore in artisanal and small-scale gold mining. Mercury is used in batteries, biocides in the paper industry, paints, and seed grain, as antiseptics in pharmaceuticals, as reagents in laboratories, and as catalysts. The Mercury Market is segmented into product type, application, and geography.

By product type, the market is segmented into Metal, Alloy, and Compounds. By application, the market is segmented into Batteries, Dental Applications, Measuring and Controlling Devices, Lamps, Electrical and Electronics Devices, Processing of Gold, and Other Applications. The report also covers the market size and forecasts for the Mercury Market in 27 countries. For each segment, the market sizing and forecasts were made on the basis of revenue (USD).

Product Type
		Metal
		Alloy
		Compounds

Application
		Batteries
		Dental Applications
		Measuring and Controlling Devices
		Lamps
		Electrical and Electronics Devices
		Processing of Gold
		Other Applications (Healthcare, Pharmaceuticals, and Batteries)

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Malaysia
	Thailand
	Indonesia
	Vietnam
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	France
	Italy
	Spain
	NORDIC
	Turkey
	Russia
	Rest of Europe

South America
	Brazil
	Argentina
	Colombia
	Rest of South America

Middle-East and Africa

Saudi Arabia

South Africa

Nigeria

Qatar

Egypt

UAE

Rest of Middle-East and Africa

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Mercury Market Size Summary

The mercury market is poised for moderate growth over the forecast period, driven primarily by the demand for measuring and controlling devices. Despite the hazardous nature of mercury, which has led to bans on its use in certain products like batteries and thermometers, it continues to find applications in niche areas such as chemical catalysts and specific medical devices where alternatives are not yet viable. The market's growth is also influenced by the increasing need for mercury testing services, a demand that surged during the COVID-19 pandemic as businesses and governments sought to ensure safety from contamination. However, environmental concerns and regulatory measures, particularly in Europe, pose challenges to market expansion.

The Asia-Pacific region, with China and Tajikistan at the forefront, dominates the global mercury market due to significant production and reserves. Mercury's use in various devices, including sphygmomanometers for blood pressure measurement, underscores its ongoing relevance despite health and environmental concerns. The Artisanal and Small-Scale Gold Mining sector remains a major source of mercury emissions, highlighting the complex interplay between economic activity and environmental impact. The market is characterized by a fragmented landscape with key players like Avantor Inc., Merck KGaA, and others, navigating regulatory changes and environmental initiatives aimed at reducing mercury's harmful effects.

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Mercury Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Demand from Measuring and Controlling Devices
  2. 1.1.2 Demand for Sphygmomanometer for the Measurement of Blood Pressure
  3. 1.1.3 Widely Used in the Mining Sector for the Extraction of Gold
2. 1.2 Restraints
  1. 1.2.1 Hazardous Properties of Mercury
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Threat of New Entrants
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Bargaining Power of Suppliers
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Value)
1. 2.1 Product Type
  1. 2.1.1 Metal
  2. 2.1.2 Alloy
  3. 2.1.3 Compounds
2. 2.2 Application
  1. 2.2.1 Batteries
  2. 2.2.2 Dental Applications
  3. 2.2.3 Measuring and Controlling Devices
  4. 2.2.4 Lamps
  5. 2.2.5 Electrical and Electronics Devices
  6. 2.2.6 Processing of Gold
  7. 2.2.7 Other Applications (Healthcare, Pharmaceuticals, and Batteries)
3. 2.3 Geography
  1. 2.3.1 Asia-Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 Malaysia
    6. 2.3.1.6 Thailand
    7. 2.3.1.7 Indonesia
    8. 2.3.1.8 Vietnam
    9. 2.3.1.9 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 France
    4. 2.3.3.4 Italy
    5. 2.3.3.5 Spain
    6. 2.3.3.6 NORDIC
    7. 2.3.3.7 Turkey
    8. 2.3.3.8 Russia
    9. 2.3.3.9 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Colombia
    4. 2.3.4.4 Rest of South America
  5. 2.3.5 Middle-East and Africa
  6. 2.3.6 Saudi Arabia
  7. 2.3.7 South Africa
  8. 2.3.8 Nigeria
  9. 2.3.9 Qatar
  10. 2.3.10 Egypt
  11. 2.3.11 UAE
  12. 2.3.12 Rest of Middle-East and Africa