Mercury Removal Market - Forecast(2023 - 2028)

Report Code: CMR 29008 Report Format: PDF + Excel

Mercury Removal Market Overview

The Mercury Removal Market size is estimated to reach US$1.9 billion by 2027 after growing at a CAGR of around 2.7% from 2022 to 2027. Mercury Removal refers to the process of removing mercury from various hydrocarbon. The process is conducted by using either regenerative or non-regenerative adsorbents which consists of different filters like activated carbon, resin, chlorine and inorganic chemical like sodium carbonate. Mercury Removal process is majorly used in chemical sector for removing mercury during wastewater treatment and in oil & gas sector during processing of crude oil and natural gas. Factors like increase in crude oil production, high demand for LNG gas and growing chemical production volume are driving global Mercury Removal Market growth. However, the high capital cost of adsorption process can limit its usage for Mercury Removal, which can hamper the growth of Mercury Removal industry.

COVID-19 Impact

The lockdown implemented globally to prevent widespread of COVID-19, disrupted the activities of major end users of Mercury Removal such as oil & gas sector. Hence, problems like lack of availability of labor and trade restrictions led to decrease in productivity of oil & gas sector. For instance, according to International Energy Administration, in 2020, total OECD annual production of crude oil, natural gas liquids (NGL), and refinery feedstocks decreased by 3.4% compared to 2019. Mercury Removal adsorbents containing filters like active carbon is majorly used during crude oil and natural gas downstream processing for removing wide range of mercury concentrations so as to protect downstream equipment from corrosion. The decrease in production of crude oil & natural gas reduced their downstream processing volume. This resulted a decrease in usage of Mercury Removal adsorbents in downstream processing for removing mercury. This negatively impact Mercury Removal industry growth.

Report Coverage

The “Mercury Removal Market Report – Forecast (2022 – 2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Mercury Removal industry.

By Adsorbents – Regenerative, and Non-Regenerative
By Process – Chemical Precipitation, Adsorption, Membrane Separation, and Biological Treatment
By Type – Activated Carbon, Sodium Carbonate, Resins, Chlorine, and Others
By Application – Gas Processing, Refining & Petrochemicals, Water & Wastewater Treatment, and Others
By End Use Industry - Oil & Gas Industry, Chemicals, and Others
By Geography - North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), Rest of the World (Middle East, Africa)

Key Takeaways

  • North America dominates the Mercury Removal industry as the region consists of major end user of Mercury Removal adsorbents in countries like US which is the leading producer of oil and natural gas.
  • Granular activated carbon is majorly used in water treatment process as it is a heavy charcoal material which absorbs dissolved contaminants when water is passed through activated carbon.
  • The growing demand for specialty chemicals from sectors like food and personal care will increase its production level resulting in more usage of Mercury Removal adsorbent for removing mercury from wastewater produced during specialty chemicals production.

Figure: North America Mercury Removal Market Revenue, 2021-2027 (US$ Billion)

North America Mercury Removal Market Revenue

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Mercury Removal Market Segment Analysis – By Type

Activated carbon held a significant share in Mercury Removal Market in 2021 with a share of over 37%. Activated carbon is very effective in removal of mercury as it has high adsorption potential. Hence, due to such high potential, it is widely used for removing mercury during oil & gas downstream processing and wastewater treatment in chemicals sector. The rapid development in chemicals and oil & gas sector has increased their productivity which has positively impacted the usage of Mercury Removal adsorbents. For instance, according to World Energy & Climate Statistics, in 2020, gas production increased in the Middle East by 1.2%, in Australia by 7.9% and China by 9.8%. Further, according to European Chemical Industry Council, in first half of 2021, chemical output increased by 12.9% in EU countries. Hence, such increase in productivity of chemicals and oil & gas sector will lead to more usage of activated carbon filters for removing mercury. This will positively impact the growth of Mercury Removal industry.

Mercury Removal Market Segment Analysis – By End Use Industry

Oil & gas sector held a significant share in Mercury Removal Market in 2021 with a share of over 47%. Removing mercury from oil and natural gas is an important step during down streaming process as it prevents the corrosion of down streaming equipment and poisoning of catalyst. The increase in production of oil & natural gas on account of growing demand from major end use countries, has positively impacted the usage of Mercury Removal adsorbents. For instance, according to US Energy Information Administration, in December 2019, crude oil production in US was 12,910 barrels per day compared to 11,924 barrels in 2018, showing 8% increase. Also, in January 2020, US natural gas production was 116,025 million cubic feet per day compared to 108,927 million cubic feet per day produced in 2019 same month, showing 6.5% increase. Such increase in crude oil and natural gas production will lead to more usage of Mercury Removal adsorbents having activated carbon or resin filters during crude oil & natural gas processing. This will positively impact the growth of Mercury Removal industry.

Mercury Removal Market Segment Analysis – By Geography

North America held the largest share in Mercury Removal Market in 2021 with a share of over 36%. The region consists of major economies like US and Canada which are major producers of natural gas and also have well established chemicals plants. The economic development in these nations has increased the industrial productivity. For instance, according to US Energy Information Administration, in December 2021, dry natural gas production was 3,012 billion cubic feet or 97.2 billion cubic feet per day, which was 5.4% higher than December 2020. Further, according to Chemistry Industry Association of Canada, in 2021, sales of industrial chemicals grew by 31% in comparison to 2020. Mercury is removed from natural gases to prevent damaging of downstream equipment, while in chemical plants, mercury adsorbent is used to remove mercury from wastewater and to make it reusable. The increase in natural gas production and chemicals consumption will increase the usage of Mercury Removal in oil & gas and chemicals sector. This will boost Mercury Removal industry growth.

Mercury Removal Market Drivers

Increase in Crude Oil Production

Mercury is present in crude oil in both, as organic and inorganic compound and due to its high toxicity, removing mercury is an important step in crude oil processing. Hence, Mercury Removal from crude oil prevents the catastrophic failure in cryogenic equipment’s and poisoning of process catalyst. Growing economies has increased their demand for fuel energy like petroleum, resulting an increase in crude oil production. For instance, according to US Energy Information Administration, in March 2020, crude oil production was 12,816 barrels per day compared to 11,899 barrels in 2019 showing 7% increase. Such increase in crude oil production will lead to more usage of Mercury Removal adsorbents having activated carbon or chlorine filters for removing mercury elements from crude oil which will prevent corrosion of downstream equipment’s. This will boost the growth of Mercury Removal industry.

Increase in Chemicals Production Volume

Industrial Chemicals such as specialty chemicals are used in various end use industries like food, personal care and home care. Hence, the growing demand from such end users has increased the production level of chemicals. For instance, according American Chemistry Council, in 2021, US production volume of specialty chemicals increased by 2.6% compared to -15% in 2020, while basic chemical output increased by 1.8% compared to 0.5% in 2020. Growing production level of chemicals will result in more formation of wastewater, which will increase usage of Mercury Removal adsorbents in chemical sector. This will boost the growth of Mercury Removal industry.

Mercury Removal Market Challenge

High Cost of Adsorption Process

Filters like activated carbon is very expensive in nature due to its high cost of production. Hence, when such filters are used in adsorption process it makes the overall process expensive too. Moreover, there is high stream equipment’s requirement to desorb high-molecular weight pollutants during wastewater treatment. Adsorption is major process for Mercury Removal but high cost and high equipment requirement will limit the usage of adsorption process for Mercury Removal. This can have negative impact on the growth of Mercury Removal industry.

Mercury Removal Industry Outlook

The companies to develop a strong regional presence and strengthen their market position, continuously engage in mergers and acquisitions. In the Mercury Removal Market report, the Mercury Removal top 10 companies are:

  1. Pall Corporation
  2. Johnson Matthey
  3. Calgon Carbon Corporation
  4. Nucon International
  5. BASF
  6. Axens
  7. Nanjing Zhenggao
  8. Cabot Corporation
  9. Nucon
  10. Universal Oil Products

Recent Developments

  • In 2021, Kinder Morgan Inc. acquired Kinetrex Energy for US$310 million and such acquisition includes two small-scale, domestic LNG production and fuelling facilities, a 50% interest in a landfill-based renewable natural gas (RNG) facility in Indiana.
  • In 2021, Platinum Equity signed a definitive agreement to acquire Solenis, a leading global producer of specialty chemicals used in water-intensive industries, from Clayton, Dubilier & Rice ("CD&R") and BASF.
  • In 2020, Chevron acquired Nobel Energy an independent oil & natural gas production company which has large natural gas business built in Eastern Mediterranean, and such acquisition will increase Chevron natural gas production capacity. 

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Mining Chemicals Market – Forecast (2022 - 2027)

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Activated Carbon Market - Forecast 2021 - 2026

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1. Mercury Removal Market- Market Overview
    1.1 Definitions and Scope
2. Mercury Removal Market - Executive Summary
    2.1 Key Trends by Adsorbents
    2.2 Key Trends by Process
    2.3 Key Trends by Type
    2.4 Key Trend by Application
    2.5 Key Trends by End Use Industry
    2.6 Key Trends by Geography
3. Mercury Removal Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Mercury Removal Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Mercury Removal Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Mercury Removal Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Mercury Removal Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Mercury Removal Market – By Adsorbents (Market Size - US$ Million/Billion)
    8.1 Regenerative
    8.2 Non-Regenerative
9. Mercury Removal Market – By Process (Market Size – US$ Million/ Billion)
    9.1 Chemical Precipitation
    9.2 Adsorption
    9.3 Membrane Separation
    9.4 Biological Treatment
10. Mercury Removal Market – By Type (Market Size - US$ Million/Billion)
    10.1 Activated Carbon
    10.2 Sodium Carbonate
    10.3 Resins
    10.4 Chlorine
    10.5 Others
11. Mercury Removal Market – By Application (Market Size - US$ Million/Billion)
    11.1 Gas Processing
    11.2 Refining & Petrochemicals
    11.3 Water and Wastewater Treatment
    11.4 Others
12. Mercury Removal Market – By End Use Industry (Market Size – US$ Million/ Billion)
    12.1 Oil & Gas Industry
    12.2 Chemicals
    12.3 Others
13. Mercury Removal Market - By Geography (Market Size - US$ Million/Billion)
    13.1 North America
        13.1.1 USA
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 UK
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Netherlands
        13.2.6 Spain
        13.2.7 Russia
        13.2.8 Belgium
        13.2.9 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 India
        13.3.4 South Korea
        13.3.5 Australia and New Zeeland
        13.3.6 Indonesia
        13.3.7 Taiwan
        13.3.8 Malaysia
        13.3.9 Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Colombia
        13.4.4 Chile
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 Middle East
            13.5.1.1 Saudi Arabia
            13.5.1.2 UAE
            13.5.1.3 Israel
            13.5.1.4 Rest of the Middle East
        13.5.2 Africa
            13.5.2.1 South Africa
            13.5.2.2 Nigeria
            13.5.2.3 Rest of Africa
14. Mercury Removal Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Mercury Removal Market – Industry/Competition Segment Analysis Premium 
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share at Global Level - Major companies
    15.3 Market Share by Key Region - Major companies
    15.4 Market Share by Key Country - Major companies
    15.5 Market Share by Key Application - Major companies
    15.6 Market Share by Key Product Type/Product category - Major companies
16. Mercury Removal Market – Key Company List by Country Premium Premium 
17. Mercury Removal Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"

LIST OF TABLES

1.Global Mercury Removal Market, by Type Market 2019-2024 ($M)
2.Global Mercury Removal Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Mercury Removal Market, by Type Market 2019-2024 (Volume/Units)
4.Global Mercury Removal Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Mercury Removal Market, by Type Market 2019-2024 ($M)
6.North America Mercury Removal Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Mercury Removal Market, by Type Market 2019-2024 ($M)
8.South America Mercury Removal Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Mercury Removal Market, by Type Market 2019-2024 ($M)
10.Europe Mercury Removal Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Mercury Removal Market, by Type Market 2019-2024 ($M)
12.APAC Mercury Removal Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Mercury Removal Market, by Type Market 2019-2024 ($M)
14.MENA Mercury Removal Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
2.Canada Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
3.Mexico Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
4.Brazil Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
5.Argentina Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
6.Peru Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
7.Colombia Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
8.Chile Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
10.UK Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
11.Germany Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
12.France Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
13.Italy Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
14.Spain Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
16.China Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
17.India Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
18.Japan Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
19.South Korea Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
20.South Africa Global Mercury Removal Industry Market Revenue, 2019-2024 ($M)
21.North America Global Mercury Removal Industry By Application
22.South America Global Mercury Removal Industry By Application
23.Europe Global Mercury Removal Industry By Application
24.APAC Global Mercury Removal Industry By Application
25.MENA Global Mercury Removal Industry By Application