Daten aus dem Cache geladen. Vanadium Market Global Industry Trends, Future And Forecast...

Vanadium Market Global Industry Trends, Future And Forecast Research Report

0
2K

Market Overview

In terms of volume, the global vanadium market was 88.23 kilotons in 2021 and is expected to register a CAGR of 5% 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 tonnes per annum by 2030 to cater to the need of end-use industries.

Get a Free Sample Report @ https://www.marketresearchfuture.com/sample_request/8054

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.

Market Segmentation

The global Vanadium market 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 2017 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.

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).

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. 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.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/vanadium-market-8054

 

Site içinde arama yapın
Kategoriler
Read More
Oyunlar
**"Guía Completa de Precios de Jugadores en FC 25: Cómo Encontrar las Mejores Ofertas de Precios Jugadores FC 25"**
Guía Completa de Precios de Jugadores en FC 25: Cómo Encontrar las Mejores Ofertas...
By Minorescu Jone 2024-11-27 02:58:17 0 124
Art
facility management service
Maintaining a well-structured and efficient environment requires a professional approach, and...
By Soundarya Vsm 2025-02-06 10:58:07 0 5
Other
High Performance Computing Market Trends and Segments Forecast To 2030
The global high-performance computing market size was valued at USD 45,729.3 million in 2022 and...
By Bhavana Raja 2024-05-06 05:36:04 0 731
Other
Fraud Detection and Prevention Market Size, Share, Demand, Future Growth, Challenges and Competitive Analysis
"Fraud Detection and Prevention Market business report provides a profound overview of product...
By Adam Walker 2024-06-04 19:32:42 0 777
Oyunlar
Guía Completa de Precios de Jugadores FC 25: Descubre los Mejores Precios FC 25 Jugadores
Guía Completa de Precios de Jugadores FC 25 Adentrarse en el mundo de FC 25 ofrece una...
By Minorescu Jone 2024-12-30 18:50:30 0 14