Global Vanadium Alloy Market– Competitive Insights, Influencing Factors, Market Size & Forecasting (2016-2025)

Global Vanadium Alloy Market has been witnessing growth, owing to the increasing demand for steel due to the rapid rise in the construction sector. Vanadium is a silvery-grey metal which is produced in four countries .i.e. Brazil, South Africa, China, and Russia. The metal is obtained by separating it from about 65 minerals such as patronite, roscoelite, carnotite, vanadinite, and mottramite. It can also be obtained from coal and petroleum. Vanadium possesses good structural strength. It is also ductile and harder than most metals, including steel. It is also resistant to corrosion.

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On the basis of type, it is segmented into ferrovanadium, vanadium titanium, vanadium pentoxide, and others. Ferrovanadium is majorly used and is further employed in the manufacture of steel. Ferrovanadium strengthens steel so that the latter can be used in a wide range of End Users such as automobiles and pipelines. Another important vanadium alloy is vanadium titanium. This alloy is stronger than commercially pure titanium while having the same thermal properties and stiffness as titanium. Its ability to withstand extreme temperatures makes it an important component in industries such as aerospace. Vanadium oxidizes at around 660°C to become vanadium pentoxide. It does not absorb neutrons easily; hence, it is employed in nuclear power and energy storage batteries. Other vanadium alloys include chromium-based vanadium alloys.
The upcoming report from Quince Market Insights focuses on these key impact factors influencing the market, along with identifying major segments and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering every possible segment influencing the demand for the global vanadium alloys market.

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Market Segmentation:

By Type:

• Ferrovanadium
• Vanadium Titanium
• Vanadium Pentoxide
• Others

By End User :

• Transport
• Chemicals
• Energy
• Others

This upcoming study will be published shortly with a focus on key stakeholders in the market. Regions covered in the study include North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World.

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Major Companies Operating in the Market:

• Tremond Metals Corp.
• Core Metals Group
• Bushveld Minerals
• Bear Metallurgical Company
• Gulf Chemical
• Metallurgical Corporation

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About Quince Market Insights:

Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

This release was published on openPR.