Mercury Market Expected to Reach USD 5.831 Billion by 2032 | Growing at a CAGR of 1.5%

Market Research Future (MRFR) has published a cooked research report on the “Global Mercury Market” that contains information from 2018 to 2032. The Mercury market is estimated to register a CAGR of 1.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Mercury market— Avantor Performance Materials, Globe Chemicals, Mayasa, Aldrett Hermanos, Bethlehem Apparatus, China Jin Run Industrial, Merck KGaA, Wake Group, Acton Technologies, DF Goldsmith Chemical & Metal Corp.

Market Highlights

The global Mercury market is accounted to register a CAGR of 1.50% during the forecast period and is estimated to reach USD 5.831 billion by 2032.

The mercury market is marked by various factors, including its application in industries such as electronics, healthcare, and chemical manufacturing, the demand for mercury in artisanal and small-scale gold mining, and ongoing efforts to address environmental concerns associated with mercury use and emissions. The global shift towards cleaner technologies and renewable energy sources impacts the market dynamics, influencing the demand for mercury in applications like energy-efficient lighting and solar panels.

Segment Analysis

The global Mercury market has been segmented based on type and application.

On the basis of type, the market is segmented into Metal, Alloy and Compound. The metal segment was attributed to holding the largest market share in 2022, due to their widespread use in various industrial applications.

Based on application, the global Mercury market has been segmented into Batteries, Electrical & Electronics, and Measuring & Controlling Devices. The electrical & electronics segment was expected to hold the largest market share in 2022, due to the element's indispensable role in manufacturing electronic components.

Regional Analysis

The global Mercury market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Mercury market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Mercury market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Mercury market comprises of Middle East, Africa, and Latin America.

The largest market share for Mercury was maintained by the North American regional sector. This increase is attributed to its use in industrial processes, electrical and lighting applications, and healthcare equipment manufacturing. Additionally, ongoing efforts to comply with environmental regulations, waste management practices, and initiatives to reduce mercury emissions contribute to the market dynamics. The demand for mercury in specialized applications, such as energy-efficient lighting and medical devices, also influences its market growth in North America.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Mercury is driven by its applications in the healthcare sector, including thermometers and dental amalgams, as well as its use in various industrial processes, such as the production of chlorine and other chemicals, amid stringent environmental regulations that aim to minimize mercury emissions and promote sustainable practices.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due its extensive use in industrial processes, particularly in the production of chemicals, electrical and electronic products, and healthcare devices. The region's rapid industrialization, infrastructure development, and growing manufacturing activities contribute to the demand for mercury in various applications. Additionally, the artisanal and small-scale gold mining activities in certain Asia-Pacific countries, where mercury is used in the extraction process, further drive the market.

Furthermore, the rest of the world's Mercury market is divided into the Middle East, Africa, and Latin America. This growth is attributed to its application in various industries, including mining, electronics, and healthcare, as well as the region's increasing focus on infrastructure development and energy-efficient technologies.

Key Findings of the Study

• The global Mercury market is expected to reach USD 5.831 billion by 2032, at a CAGR of 1.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the the region's industrial activities, particularly in electronics and chemical manufacturing.


• Based on type, the metal segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• Avantor Performance Materials, Globe Chemicals, Mayasa, Aldrett Hermanos, Bethlehem Apparatus, China Jin Run Industrial, Merck KGaA, Wake Group, Acton Technologies, DF Goldsmith Chemical & Metal Corp.

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