Press release
Vanadium Market 2022 | Growth, Insights, Trends, Analysis by 2030 | Top Players Williams & Company (US), Bushveld Minerals (South Africa), Atlantic Ltd (Australia), AMG Advanced Metallurgical Group NV (The Netherlands) etc.
Vanadium Market 2022-2030
In terms of volume, the global vanadium market was 88.23 kilotons in 2021 and is expected to register a CAGR of 6.8% during the review period. Vanadium compound is significantly used as an alloying element in the iron & steel industry. Its corrosion resistance property makes it ideal for application in the manufacturing of tubes and pipes used to carry chemicals. In addition, mixing titanium with vanadium and iron increases the durability and strength of the material used in the manufacturing of wind turbines. For instance, in November 2018, JSW steel announced to ramp up the steel manufacturing capacity to 44–55 million tons per annum by 2030 to cater to the need of end-use industries.
Get Sample Report PDF @ https://www.marketresearchfuture.com/sample_request/8054
Competitive Analysis
The leading players in the global vanadium market include Williams & Company (US), Bushveld Minerals (South Africa), Atlantic Ltd (Australia), AMG Advanced Metallurgical Group NV (The Netherlands), Bear Metallurgical Company (US), Hickman, Shenzhen Chinary Co., Ltd (China), VanadiumCorp Resource Inc (Canada), EVRAZ (UK), Largo Resources Ltd (Canada), Glencore (Switzerland), and Treibacher Industrie AG (Austria).
Moreover, the demand for vanadium in the energy sector is growing rapidly. It is considered as a superior substitute for lithium used in the manufacturing of batteries. The vanadium-based batteries are highly durable and hold immense energy storage capacity. For instance, in September 2018, Korea Advanced Institute of Science & Technology developed a new vanadium redox-flow battery (VRFB), which has high-capacity retention and long durability.
Speak to Analyst @
https://www.marketresearchfuture.com/ask_for_schedule_call/8054
Market Segmentation
The global vanadium market growth has been segmented on the basis of type, application, and region. By type, the global vanadium market has been divided into vanadium pentoxide, vanadium ferrovanadium, aluminum-vanadium alloys, vanadium chemicals, and others. The vanadium ferrovanadium segment held significant market share in 2021 and is projected to dominate in the coming years owing to the rise in the application in the iron & steel industry. The global market has been segmented based on application into chemical, energy storage, titanium alloys, and others. The high demand for iron & steel in the construction and automotive industries is expected to boost the growth of the segment in the coming years.
Regional Analysis
The Asia-Pacific market is expected to register a healthy CAGR during the forecast period owing to high public and private sector investments in the construction industry. The economic development and urbanization, particularly in India, Philippines, China, and Indonesia has influenced the spending in infrastructure sectors of power, water, telecommunications, and transportation.
Browse Full Report with TOC @
https://www.marketresearchfuture.com/reports/vanadium-market-8054
The North American market is led by the US construction industry growing at a CAGR of 5% in 2018. The growth is driven by the increase in construction activities such as roads and bridges. In North America, South and West regions are expected to register a CAGRs of 6% and 5%, respectively. Thus, infrastructure development and increasing construction activities are likely to propel the growth of the global vanadium market growth during the review period.
Request for Customization @
https://www.marketresearchfuture.com/ask_for_customize/8054
Related Reports:
https://www.marketresearchfuture.com/reports/isocyanate-market-964
https://www.marketresearchfuture.com/reports/plastic-pigments-market-7224
https://www.marketresearchfuture.com/reports/laminating-adhesives-market-7223
https://www.marketresearchfuture.com/reports/ethylene-vinyl-acetate-market-7281
https://www.marketresearchfuture.com/reports/ethanol-market-7304
https://www.marketresearchfuture.com/reports/gas-hydrates-market-7347
https://www.marketresearchfuture.com/reports/automotive-metal-die-casting-market-7698
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Vanadium Market 2022 | Growth, Insights, Trends, Analysis by 2030 | Top Players Williams & Company (US), Bushveld Minerals (South Africa), Atlantic Ltd (Australia), AMG Advanced Metallurgical Group NV (The Netherlands) etc. here
News-ID: 2519572 • Views: …
More Releases from MRFR
U.S. Offshore Wind Market: Scaling Clean Power Along the Coasts with Floating an …
The U.S. Offshore Wind Market is entering a transformative era as federal and state governments, energy developers, and technology providers unite to harness the vast wind energy potential of the Atlantic and Pacific coastlines. Once lagging Europe and Asia, the United States is now rapidly building momentum with bold policy support, multibillion-dollar investments, and ambitious renewable energy targets.
With an estimated technical potential exceeding 2,000 GW-nearly double the nation's current electricity…
U.S. Smart Gas Meter Market: Digitizing Utility Networks for Safety, Accuracy, a …
The U.S. Smart Gas Meter Market is experiencing a strong surge as utilities across the country upgrade traditional gas meters with intelligent, connected solutions. These advanced meters enable real-time monitoring, data analytics, and remote management of gas usage, aligning with broader trends in smart grid development, customer engagement, and infrastructure modernization.
As the U.S. energy landscape evolves with an emphasis on efficiency, transparency, and sustainability, smart gas meters are playing an…
Brazil Solar Inverter Market: Driving Clean Energy Access with Smart Solar Solut …
As one of the largest renewable energy producers in Latin America, Brazil is rapidly embracing solar power as a key component of its clean energy mix. At the heart of this transformation lies the solar inverter-a critical technology that converts direct current (DC) from photovoltaic (PV) panels into usable alternating current (AC). The Brazil Solar Inverter Market is growing steadily, driven by supportive government policies, grid modernization, and increasing demand…
Renewables Blade Repair & Maintenance Market: Extending Wind Turbine Lifespan Th …
The global shift to clean energy has made wind power a cornerstone of sustainable electricity generation. As wind installations expand globally, the importance of maintaining and repairing turbine components-especially blades-has grown significantly. The Renewables Blade Repair & Maintenance Market has emerged as a critical segment in ensuring long-term performance, safety, and return on investment for both onshore and offshore wind assets.
Request To Free Sample of Report: https://www.marketresearchfuture.com/sample_request/43415
Key Companies in the…
More Releases for Vanadium
Emerging Trends Influencing The Growth Of The Vanadium Ore Market: Energizing Th …
The Vanadium Ore Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Vanadium Ore Market Size and Projected Growth Rate?
The size of the vanadium ore market has seen consistent growth over the past few years. From 2024 to 2025, the forecast predicts an…
Vanadium Pentoxide for Electrolyte of Vanadium Battery Market Expected to Rise: …
LOS ANGELES, United States: The global Vanadium Pentoxide for Electrolyte of Vanadium Battery market is comprehensively and accurately detailed in the report, taking into consideration various factors such as competition, regional growth, segmentation, and market size by value and volume. This is an excellent research study specially compiled to provide latest insights into critical aspects of the global Vanadium Pentoxide for Electrolyte of Vanadium Battery market. The report includes…
Vanadium Trioxide Market to Witness Stunning Growth with EVRAZ, Atlantic, Vanadi …
The latest study released on the Global Vanadium Trioxide Market by HTF MI evaluates market size, trend, and forecast to 2030. The Vanadium Trioxide market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in…
Vanadium Pentoxide for Electrolyte of Vanadium Battery Market 2028: Industry Gro …
QY Research has recently published a new report, titled Global Vanadium Pentoxide for Electrolyte of Vanadium Battery Market Report, History and Forecast 2017-2028, Breakdown Data by Manufacturers, Key Regions, Types and Application. The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Vanadium Pentoxide for Electrolyte of Vanadium Battery market. Analysts have used a top-down and bottom-up approach to…
Vanadium Redox Battery (VRB) Market is Thriving Worldwide | Australian Vanadium, …
The Latest research study released by HTF MI “Global Vanadium Redox Battery (VRB) Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status (2022-2028). Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered…
Vanadium Market: Year 2020-2027 and its detail analysis by focusing on top key p …
The research report provides a big picture on "Vanadium market" 2027, on a global basis, offering a forecast and statistic in terms of revenue during the forecast period. This report covers detailed segmentation, complete R & D history, and explanatory analysis including the latest news. Furthermore, the study explains the future opportunities and a sketch of key players involved in the "Vanadium hike in terms of revenue.
Get sample PDF of…
