Mercury is a metal with an atomic number of 80 and is represented by the symbol Hg in the modern periodic table. The actual name of mercury, according to modern periodic table is “hydragyrum” and it is commonly known as quicksilver. The unique property of mercury, such that it remains liquid in room temperature and pressure makes it different from other metals. Mercury is silver-white in color with poor heat conductivity. It is also a heavy metal. Mercury is commonly extracted from various mineral sources the most common type is cinnabar. Cinnabar is a red color rock containing mercury sulfide (HgS). The extraction of mercury involves heating and converting the mercury into vapors, then again converting the vapors into solid mercury.
Market Size and Forecast
Mercury is used for several medical equipment’s such as barometers, thermometers and electric equipment among others. In these products, mercury is generally trapped in a casing or bottle. The exposure to mercury can lead to several health hazards including kidney damage, nerve damage and skin irritation among others. The surplus release of mercury in the environment can pose serious environmental threats. The CAGR of global mercury market is expected to be around 1.2% during the year 2017-2027.
The global mercury market is segmented on the basis of application type. Moreover, On the basis of application type health and pharmaceuticals expected to lead the market. The main uses of mercury are in dentistry, sphygmomanometers and thermometers. Though modern day’s hospitals are issuing guidelines to reduce the use of mercury as several health hazards can be caused once mercury is released in the environment. On the other hand, Electrical and lighting segment also witnessing an increase in demand of mercury on the account of use mercury in switches as it has the very low melting point(-38.83◦C) a very high boiling point(356.7◦C).
By region, global mercury market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Asia Pacific leads the global mercury market and the trend is anticipated to continue during the forecasted period. The application segment is witnessing high investment and increasing development in countries such as China and India. Moreover, in North America and Europe the intervention from government bodies to reduce the use of mercury is the main reason for the sluggish growth of global mercury market in the respective region. This has hampered the demand of mercury in the region.CLICK TO DOWNLOAD FREE SAMPLE
Our in-depth analysis segmented the Global mercury market in the following segments:
Global mercury Market is further classified on the basis of region as follows:
Growth Drivers and Challenges
The density and compactness enable mercury to be used for medicinal purpose. The high melting point and low boiling point enable mercury to be used in electrical appliance nowadays. It also enables mercury to measure high temperature. The distinctive properties of mercury enables the extraction of gold from ore in artisanal and in small scale gold mining.
Various distinct challenges are associated with mercury. The Minamata disease caused by mercury in Japan forced the international organizations to pose the restriction on the use of mercury. The various health hazards and environmental effects are reducing the use of mercury.
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