Vanadium Market Size, Share & Global Forecast 2019-2025 | Pangang Group Vanadium Titanium & Resources Co., Ltd., Beijing Jianlong Heavy Industry Group Co., Ltd, and HBIS Group
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The global vanadium market size is projected to exceed 100 kilo tons by the end of 2025. Increasing intensity of vanadium in steels, ferrous alloys, and non-ferrous alloys is expected to amplify its consumption in core end-user industries such as automotive, aerospace, and building & construction. Its consumption as a catalyst in the manufacturing of bulk and industrial chemicals and polymers is small yet a growth impacting application, which is likely to boost the global vanadium market value at a CAGR of 5% by 2025. Energy storage is considered to fuel the vanadium market value at a fast pace, as a consequence of rising utilization vanadium as a battery metal in flow battery technologies.
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The recent drastic expansion of steel rebar and battery energy storage sectors have increased the China vanadium prices in 2018. Demand exceeding production has been another important vanadium price escalator in the country. China is considered to be one of the potential growth areas for vanadium over the years ahead. Increase in foreign investments coupled with the presence of local vanadium providers is expected to maintain the market competitiveness in the country.
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Pangang Group Vanadium Titanium & Resources Co., Ltd., Beijing Jianlong Heavy Industry Group Co., Ltd, and HBIS Group are a few of the vanadium producers in the China vanadium market. EVRAZ Group, Bushveld Minerals Limited, Australian Vanadium Limited, Vanadium Corporation, Glencore, Largo Resources, Atlantic Pty Ltd., Energy Fuels Inc., are some of the players operating within the global vanadium industry.
Key Segments of the Global Vanadium Market Report
Application Overview, 2014 - 2025 (Tons) (USD Million)
Iron & steel
Regional Overview, 2014 - 2025 (Tons) (USD Million)
Rest of North America
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Reasons for the study
Overall production, consumption, and trade scenario of the global metallurgy and mining sector
Vanadium demand and supply patterns of the end-use markets such as steel, ferrous and non-ferrous alloys, energy storage, chemicals, etc.
Government regulations pertaining to raw material production and mineral extraction operations, product utilization, and trade duties
Recent developments and strategies of global and regional vanadium producers
Performance of product substitutes as well as the growth of parent markets
What does the report include?
The global vanadium market is segmented on the basis of application and region
The market estimates both historic and forecast have been provided in terms of volume and revenue. Tons of vanadium metal (tV) and USD million are the units taken into consideration for volume and revenue respectively.
Market analysis using tools such as Porter's Five Forces, PESTEL, and value chain
Market segmentation by application for all regions and key countries within Asia Pacific, North America, and Europe
Global production outlook of vanadium
Company profiles of global and regional players along with market competitiveness
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