Press release
Vanadium Ore: Core Growth Enabler in the Vanadium Revolution Transforming The Automobile Industry With Lightweight, Fuel-Efficient Alloys Market, 2025
Vanadium Ore
What Will the Vanadium Ore Industry Market Size Be by 2025?
The size of the Vanadium ore market has been consistently expanding in recent times. An escalation from $2.98 billion in 2024 to $3.06 billion in 2025 at a compound annual growth rate (CAGR) of 2.5% is anticipated. This upward trend during the historical period can be linked to the expansion of the steel industry, developments in infrastructure, applications in the aerospace and defense sectors, stricter regulatory standards for steel quality, and increased demand from the automotive industry.
What's the Long-Term Growth Forecast for the Vanadium Ore Market Size Through 2029?
In the coming years, a consistent rise is anticipated in the size of the vanadium ore market, predicted to reach $3.67 billion by 2029 with a 4.6% compound annual growth rate (CAGR). The expansion during this forecast period is due to factors such as the rise of renewable energy, the revolution of electric vehicles, urbanisation, infrastructure projects, more rigorous emission regulations and research and development initiatives. The period will also witness significant trends such as improvements in battery and energy storage technologies, technological progress in steel production, a surge in vanadium demand used in steel production, emerging applications for energy storage, and ongoing research and development in techniques for extracting vanadium.
View the full report here:
https://www.thebusinessresearchcompany.com/report/vanadium-ore-global-market-report
What Are the Key Growth Drivers Fueling the Vanadium Ore Market Expansion?
The rise in Vanadium utilization within the automotive industry will propel the progress of the vanadium ore mining market. The manufacturing of automobile components using vanadium alloy is set to cut down their weight, thus boosting fuel efficiency. For example, investment firm aheadoftheherd.com predicts that about 85% of vehicles will comprise of vanadium alloy to decrease their weight, which in turn enhances their fuel efficiency by 2025.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2024&type=smp
What Are the Key Trends Driving Vanadium Ore Market Growth?
The surge in the utilization of vanadium redox flow batteries (VRFBs) for energy storage is a budding trend in the market. This progression will herald a significant transformation in the vanadium ore mining sector, which is principally controlled by steel producers. For instance, in September 2022, VFlowTech, a Singaporean firm that manufactures vanadium redox flow batteries, proclaimed a collaboration with Advario B.V. to explore joint ventures aimed at expanding the application of vanadium flow batteries in key market sectors. Beyond terminal applications, VFlowTech's technology is diverse in its practical usage, which includes powering electric vehicles (EVs), providing grid solutions, serving residential communities, facilitating telecom infrastructure, and integrating clean energy in the commercial and industry sectors. Advario B.V. is situated in the Netherlands and specializes in liquid storage logistics.
How Is the Vanadium Ore Market Segmented?
The vanadium ore market covered in this report is segmented -
1) By Type: FeV40; FeV50; FeV60; FeV80
2) By Application: Iron And Steel; Chemical; Energy Storage; Other Applications
3) By End Use Industry: Automotive; Aerospace And Defense; Steel Industry; Other End Use Industries
Subsegments:
1) By FeV40: Powdered FeV40; Granulated FeV40
2) By FeV50: Alloyed FeV50; Non-Alloyed FeV50
3) By FeV60 : High-Density FeV60; Low-Density FeV60
4) FeV80 : Heat-Resistant FeV80; Corrosion-Resistant FeV80
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=2024&type=smp
Which Companies Are Leading the Charge in Vanadium Ore Market Innovation?
Major companies operating in the vanadium ore market include Glencore plc, Aurox Resources Pty Ltd., Sumitomo Corporation, Hbis Company Limited, Mitsubishi Materials Corp., Pangang Group Vanadium Titanium & Resources Co. Ltd., Globe Specialty Metals Inc., Essel Mining & Industries Limited, Continental Precious Minerals Inc., Largo Inc., Treibacher Industrie AG, Ferrostaal GmbH, Neometals Ltd., Gulf Chemical and Metallurgical Corporation, Reed Resources Ltd., American Resources Corporation, Core Metals Group LLC, Bear Metallurgical Company, Tremond Alloys & Metals Corp., Western Uranium & Vanadium Corp., Golden Deeps Ltd., Australian Vanadium Limited, Euro Vanadium Limited.
Which Regions Are Leading the Global Vanadium Ore Market in Revenue?
Asia-Pacific was the largest region in the vanadium ore market in 2024. South America was the second largest region in the global vanadium ore market analysis. The regions covered in the vanadium ore market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2024
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Ore: Core Growth Enabler in the Vanadium Revolution Transforming The Automobile Industry With Lightweight, Fuel-Efficient Alloys Market, 2025 here
News-ID: 4177086 • Views: …
More Releases from The Business Research Company
Key Drivers Reshaping the Purvalanol A (CDK Inhibitor) Market: Increasing Preval …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Purvalanol A (CDK Inhibitor) Market Size Growth Forecast: What to Expect by 2025?
The market size for purvalanol A (CDK inhibitor) has witnessed a substantial expansion in the past few years. It is projected to escalate from $0.58 billion in 2024 to $0.64 billion in 2025, with a compound…
Growing Emphasis On Personalized Medicine Driving The Market Due To Advances In …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Polygenic Risk Score Services Market Size Growth Forecast: What to Expect by 2025?
The market size for polygenic risk score services has seen considerable growth in recent years. Anticipated to increase from $1.24 billion in 2024 to $1.45 billion in 2025, it projects a compound annual growth rate (CAGR)…
Future of the Global Pharmaceutical Unit-Dose Packaging Market: Trends, Innovati …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Pharmaceutical Unit-Dose Packaging Market Size Growth Forecast: What to Expect by 2025?
The market size of the pharmaceutical unit-dose packaging industry has experienced quick expansion in the recent past. The market, valued at $48.78 billion in 2024, is projected to rise to $54.50 billion in 2025, reflecting a compound…
Personal Care Product Testing Market Poised to Hit $10.37 Billion by 2029 with A …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Personal Care Product Testing Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the market size for personal care product testing has seen robust growth. It's projected to increase from $7.28 billion in 2024 to $7.84 billion in 2025, with a compound annual growth…
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…
