Zero Valent Iron Market is estimated to grow with a growth rate of 5.0% to 6.0% during the coming forecast period of 2021 to 2031

 

Zero Valent Iron Market Forecast and CAGR

As per a recent study, demand of Zero Valent Iron (ZVI) is estimated to grow with a growth rate of 5.0% to 6.0% during the coming forecast period of 2021 to 2031. This is a special kind of zero valent metal applied as a reductant for sequestering several types of contaminants from soil and groundwater. Variation of chemical properties and physical properties for different forms of ZVI results in its various applications and efficiency.

What are the Driving Factors for Zero Valent Iron?

Growing contaminants in ground water increasing water pollution impacting ecology and human health as well. This is due to increase of industrial waste disposal, domestic waste disposals and many others in landfills and in open spaces in several countries. Spillage of hazards such as, organic compounds, heavy metals, pathogens, etc. from these waste are impacting the environment to a significant extent.

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From this soil, groundwater, and other water bodies are getting contaminated. Zero valent metals are being used to decontaminate these hazardous and toxic substances from soil, ground water and from waste water. Zero valent iron is expected to remain a key metal for soil and groundwater remediation over the forecast period.

Rising demand for groundwater and soil remediation, waste water treatment, is boosting the consumption rate for the product. Further increase in soil contaminants owing to rising landfills and waste disposals are anticipated to boost the demand in the coming years.

Groundwater and Wastewater Treatment are expected to boost the consumption of Zero Valent Iron

Growing waste water all over the globe owing to industrial waste stream disposal with less treatments, domestic waste disposal in water bodies are expected to boost the demand in the coming years as ZVI are used in water treatment. With the growing spillage from landfills and open disposal of waste, groundwater are continuously getting polluted with contaminants like heavy metals, organic compounds and pathogens and many others.

This is expected to boost the demand of zero valent metals in the coming years as it is used in removing of contaminants from groundwater and wastewater. With the growing field of nanotechnology, production of nanoparticles are in the commercialization phase, which is anticipated to boost the industry of ZVI in the coming years, as nanoparticles utilization increases application’s efficiency to a substantial extent.

U.S. and Canada Zero Valent Iron Demand Outlook

Demand from growing groundwater remediation in United Sates of America and in Canada are expected to boost the demand of Zero Valent Iron during the forecast period. Significant rise in waste disposal in landfills are increasing ground water contamination along with soil contamination. This is anticipated to benefit the market of zero valent iron in the coming years.

Growing in wastewater treatment in both the countries are also bolstering the consumption rate. Further the growing investment in research and development is also boosting the efficiency to treat contaminated ground water and waste water, especially investment in nanotechnology for the synthesis of enhanced zero valent metals nanoparticles.

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Moreover strong presence of key manufacturers in U.S. and Canada maintains the supply volume for the product, with their marketing strategy, ZVI is further expected to gain traction in the North American market.

Asia Pacific Sales Outlook for Zero Valent Iron

Significant rise in the waste disposals in Asian countries like ASEAN, India, China and others are contaminating the surroundings. Further waste are not disposed in a properly constructed landfills in several countries of Asia Pacific. These factors are anticipated to bolster the growth of the industry of zero valent iron during the forecast period.

Growing remediation of waste water, soil, groundwater contaminants are estimated to contribute considerably for the consumption of zero valent metals over the coming assessment period. Increase in governments initiatives for water treatments in Asia Pacific region are also expected to benefit the market in the coming years.

Who are the Key Manufacturers and Suppliers of Zero Valent Iron?

Some of the key manufacturers and suppliers of

·         American Elements

·         GMA Industries

·         NANOIRON s.r.o.

·         Hongwu International Group Ltd.

·         RemQuest

·         SAGWELL

·         Reade International Corp.

·         Peerless Metal Powder & Abrasives Company

·         Redox Tech LLC

·         CERES Corporation

·         Envirotecnics

·         Geo-Cleanse International Inc.

·         Many others.

Key market participants are maximizing their utilization rate to meet the increasing demand from the end use industries. Key players are also focusing on providing services for groundwater treatment and soil remediation to increase their preference order which is expected to benefit the company to increase their annual turnover.

Key players are also focusing on introducing automation to their manufacturing process by merging 5G tech, IoT, AI, machine learning into their production processes. This is anticipated to benefit the company for sustainable development and it will help to decrease human error in the production technology.

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