Mercury Removal Adsorbents Market
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:
Detailed Segmentation:
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