- The key vendors in the global mercury market 2015-2019 are Avantor Performance Materials, Globe Chemicals, Mayasa, and Sigma-Aldrich.
London, 19 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global mercury market 2015-2019. One of the key trends being witnessed in this market is the rising awareness about adverse health effects of mercury. People are also avoiding products that contain mercury. Various studies conducted by the US Food and Drug Administration (FDA) and other health regulatory bodies are spreading this awareness. The consumption volume of mercury in the global market is expected to grow at a CAGR of 0.91% during the period of 2014-2019.
The market is likely to grow at a slow rate during the forecast period, largely due to the growing awareness about the harmful effects of mercury on humans and animals. Countries such as Europe and the US have imposed a ban on the production and sale of mercury-based products due to the substance’s harmful effects, thereby affecting the profit margins of many vendors.
“The growth of the infrastructure and realty industries is fueling the demand for PVC and vinyl chloride monomer, which, in turn, drives the demand for mercury,” says Faisal Ghaus, Vice President of Technavio Research.
“PVC is used in medical, water infrastructure, automotive, toys, electronics, and packaging applications, as well. These products are used in building materials due to their high durability, ease of use, and cost-effectiveness.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Mercury Market 2015-2019, please send an e-mail to media@TechNavio.com
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