Press release
Global Vanadium Market Booming At CAGR Of 11.24% Between 2017-2021
Vanadium is a rare chemical element. It is soft, silvery grey, ductile transition metal. The compound is available in chemically combined forms, which occurs naturally in about 65 different minerals and fossil fuel deposits. It is mined mostly in South Africa, northwestern China, and eastern Russia. It is generally produced through the process of steel smelter slag. In addition, vanadium is also produced by the flue dust of heavy oil or as a by-product of uranium mining.
Technavios analysts forecast the global vanadium market to grow at a CAGR of 11.24% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global vanadium market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Vanadium Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Bushveld Minerals
EVRAZ
LARGO RESOURCES
Panzhihua Iron and Steel Group
VanadiumCorp
Other prominent vendors
Atlantic
AMERICAN VANADIUM
Australian Vanadium
Glencore
Hebei iron and steel
Xining Special Steel
Market driver
Increasing demand in construction industry
For a full, detailed list, view our report
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Market challenge
Fluctuation in steel industry
For a full, detailed list, view our report
Market trend
Vanadium in batteries
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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