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.
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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.
- 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.
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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Key Segments
By Form
- Granular
- Bimetallic
- Nano-scale
- Combined products
- Others
By Application
- Ground water remediation
- Soil remediation
- Others
By End use sector
- Industrial
- Commercial
- Environmental
By Region
- North America
- U.S
- Canada
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Europe
- Germany
- Italy
- France
- K
- Spain
- BENELUX
- Russia
- Rest of Europe
- South Asia
- India
- ASEAN
- Australia & New Zealand
- East Asia
- China
- Japan
- South Korea
- Middle East and Africa
- GCC Countries
- Turkey
- Africa
- Northern Africa
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Major Highlights of Zero Valent Iron Market Report:
- Zero Valent Iron Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes Zero Valent Iron Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
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