Research Nester published a report titled “Zero Valent Iron Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global zero valent iron market in terms of market segmentation by type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global zero valent iron market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of application into ground water remediation, soil remediation, industrial reducing agent, and others. Out of these, the soil remediation segment is anticipated to hold a substantial share over the forecast period, owing to the growing awareness amongst authorities regarding soil pollution, coupled with the growing consumption of pesticides globally. For instance, it was observed that over 4 million metric tons of pesticides were used for agriculture across the world in 2019.
The global zero valent iron market is foreseen to grow on the back of increasing application of zero valent iron for environment remediation, primarily ground water, and land. The pesticides commonly used in the agriculture sector are toxic, and can degrade the productivity of the soil. Moreover, these pesticides seep into the ground water, and pollute the water reserves. To alleviate the problem of soil and ground water pollution, zero valent iron (Fe0) is used as a reducing agent. The growing demand for Fe0 for conservation of environment is estimated to boost the market growth.
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https://www.researchnester.com/reports/zero-valent-iron-market/4014
On the basis of geographical analysis, the global zero valent iron market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period, on account of the several initiatives undertaken by the governments of countries, such as, China, and Japan, to reduce soil pollution levels across the region. Moreover, Asia is one of the major consumers of pesticides, which is estimated to lead to higher level of pollution in this region. According to the data by the Food Agriculture Organization (FAO), Asia accounted for more than 50% of the global pesticide consumption, in 2018, and China used a total of 1,774 thousand tons of pesticides in the same year.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Use of Pesticides to Propel the Growth of the Market
According to a report by the Food and Agriculture Organization (FAO), around 33% of all soils are degraded and contaminated by pesticides.
The growing consumption of toxic agrochemicals will cause massive soil and land pollution, resulting in reduced productivity of the soil and contaminated ground water. To combat this, authorities are using zero valent iron to remediate the soil pollution. Zero valent iron has zero valency, which serves as a reducing agent. This is estimated to boost the market growth.
However, high cost of ground water remediation is expected to operate as key restraint to the growth of global zero valent iron market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global zero valent iron market which includes company profiling of Redox Tech, LLC, Geo-Cleanse International, Inc., C.E.R.E.S Corporation, BASF SE, Reade International Corp., Corbion NV, Archer-Daniels-Midland Company (ADM), Lallemand Inc., GALACTIC Group, and Tate & Lyle PLC. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global zero valent iron market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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