How Ammonium Metavanadate Market Growing Rapidly? Top Manufacturers are American Elements, Merck KGaA, ACS Chemicals, Avanschem

Increased traction for ammonium metavanadate in printing and dying is likely to be witnessed in the ensuing period. Manufacturing of indelible ink may be furthered by the use of the compound. Even though COVID-19 may have a notable impact on the ammonium metavanadate market outlook, stakeholders, including companies, shareholders and governments are likely to join hands to surmount the fallout of the virus. Speculation of mergers and acquisitions is also high and they are likely to be seen in the forthcoming period.

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Continuous rise in construction sector across the world due to increasing industrialization and urban population will stimulate ammonium metavanadate market forecast over the next few years. The product is extensively utilized as a raw material to generate ceramic glazes and colorants along with being highly utilized in ceramic tiles & sanitaryware.

Significant economic expansion, suitable government policies, and substantial investments in telecommunication facilities will fuel the product consumption in the ceramic sector. A research report compiled by Global Market Insights, Inc., reveals that global ammonium metavanadate market size is anticipated to be worth more than USD 85 million with regard to annual valuation by 2025.

Revenues for ammonium metavanadate from paints, ink and dye applications are anticipated to strike a CAGR of more than 6% through 2025 owing to higher need across textile products, resulting from changing consumer preferences and expanding disposable incomes. The compound is also available as a drying agent while producing dyes and pigments to accelerate the drying rate. Increased deployment of digital printing technology will significantly drive the demand for dyes and printing inks.

UK, France, and Germany will lead the Europe ammonium metavanadate market share, projected to contribute USD 24.5 million in yearly estimates in the coming years albeit the COVID-19 industrial crisis. There is an increased requirement for glass as a packaging material in the beverage sector in this region. The compound enhances the functionality of the glass by offering UV & infrared resistance as well as yellow coloration. Rising awareness of sustainable properties of packaged glasses and rising adoption of solar products for energy efficiency will bolster the regional industry forecast.

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In terms of forms of ammonium metavanadate, powder form will lead the market dynamics and the segment expected to cross total valuation of USD 65 million over the period of study due to the surging demand for catalysts in order to reduce the total cost of production and carbon emission levels in automobile, electrical and electronics applications.

In regions such as Germany, France and the UK, with high disposable income among the people in the regions, the demand for packaged beverages and consumption of alcohol is extremely high, supplementing the need for glass in the sector. Ammonium metavanadate assists in enhancing the functionality of glass by imparting infrared resistance, UV rays and yellow coloration.

Europe ammonium metavanadate market will showcase positive outlook over the forecasted timeframe owing to the proliferating demand for glass from the regional beverage industry. Adequate awareness among the consumers regarding the adoption of sustainable products such as glass packaging and the adoption of solar products to reduce the levels of environmental degradation and promote sustainability will boost the demand for the product.

American Elements, Merck KGaA, Thermo Fisher Scientific, Santa Cruz Biotechnology, Yogi Dye Chem Industries, ACS Chemicals, Avanschem, Motiv Metals, GfE Gesellschaft für Elektrometallurgie, Sisco Research Laboratories and Strem Chemicals are major key players in the ammonium metavanadate market.

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