LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement intelligence advisory firm, has announced the release of their ‘Mercury Sulfate Market Procurement Report.' The insights and data provided in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the chemicals industry. This report breaks down the data and analysis behind the procurement of mercury sulfate and acts as an all-inclusive guide for making smart purchasing decisions.
“The demand for mercury sulfate is highly dependent on end-user industries such as chemical, consumer electronics, automobile, and pharmaceutical,” says SpendEdge procurement analyst Tridib Bora. “Also, the suppliers in the mercury sulfate market are involving in M&A to enhance their production capabilities and increase their geographical presence across niche penetrated regions,” added Tridib.
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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Mercury Sulfate Market:
- Increase in the use of mercury sulfate for water treatment
- Increase in R&D investments to meet industry-specific requirements
- Rise in M&A activities
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Increase in the use of mercury sulfate for water treatment:
Globally, the gradual rise in the sea levels has resulted in the need for improving the water treatment of water bodies. The procedure involved in the water treatment includes the addition of mercury sulfate, which separates the sulfate by forming methylmercury. In addition, the use of mercury sulfate also helps the buyers for the treatment of freshwater, and the treated water can also be used for domestic requirements.
Increase in R&D investments to meet industry-specific requirements:
Globally, the suppliers are steadily improving their investments in R&D to increase their production capabilities to meet the specific requirements of the end-user industries. The industry-specific grades are offered with varying properties and purity levels based on end-user applications of mercury sulfate. In addition, a gradual increase in the R&D investments also helps the buyers to adhere to regulations such as ECHA (EU), FDA (US), and EPA (US), which are set forth by the government.
Rising M&A activities:
The mercury sulfate market is highly fragmented with the presence of numerous regional and global suppliers across the globe. This has prompted the suppliers in the market to increase their M&A activities to reach out to a wider target audience. Moreover, it also helped the suppliers to strengthen their financial, technical, and production capabilities.
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