Zero Valent Iron Market Trends

Growth Drivers

• Increasing Demand of Zero Valent Iron for Environment Remediation – Pesticides commonly used in agriculture are toxic and can affect soil productivity. In addition, these pesticides leach into groundwater and contaminate water resources. Zero valent iron (Fe0) is used as a reducing agent to alleviate problems of soil and groundwater contamination. The rising demand of zero-valent iron for environmental remediation is estimated to drive the market growth of the market in the forecast period primarily owing to its wide utilization in groundwater treatment and land. As per the research, zero-valent iron can efficiently remove 80% of organic and inorganic waste in groundwater treatment.
• Growing Environment Awareness amongst People – Rising concern related to environmental degradation and waste contamination among people is one of the significant factors driving the growth of this market in the forecast period. Additionally increasing industrial and domestic waste disposal in huge water bodies like rivers, seas or oceans is raising concern for the environment among the people. For instance, according to surveys conducted in the past few years, 60% of adults globally have become more concerned about environmental degradation.
• Rising Demand for Waste Water Treatment –About 80 percent of wastewater globally flows back into the ecosystem without being treated or reused. This indirectly means approximately 1.8 billion people use non-contaminated sources of drinking water.
• Increasing Water Pollution – Increasing contaminants in groundwater is leading to a rise in water pollution which is further impacting human health and environmental degradation which is anticipated to fuel the growth of the zero-valent iron market in the future. Each year 1.2 trillion gallons of untreated sewage, stormwater, and industrial waste are dumped into US water.

Challenges

• Costly Process of Ground Water Reduction – Groundwater reduction is quite high in cost which is anticipated to hamper the market growth in the future.
• Use of Graphite for Pollutant Reduction
• Its Side Effects on Human Health