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Global Market Outlook of High-Purity Vanadium Pentoxide Forecasted from 2017-2022
Market Research Reports
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Vanadium pentoxide is the inorganic compound with high oxidation state. It is a widely used compound seen from the industrial perspective. V2O5 is the highest purity vanadium pentoxide that is used as a catalyst and in other applications that require high purity. It is produced under an ISO certified quality management system. Some of the primary applications of the high-purity vanadium pentoxide are as follows:
• Vanadium redox flow battery: Used as an electrolyte for VRFB batteries that amount as the second largest market for vanadium.
• Catalyst: High-purity or technical-grade vanadium pentoxide is used as a catalyst in various industrial processes.
• Metallurgy industry: It is used in metallurgy processes.
The report starts with the overview of high-purity vanadium pentoxide and its global production market share by type for 2016. High-purity Vanadium Pentoxide type is measured by its purity which is defined as:
• Purity
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