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Vanadium Market | Acumen Research and Consulting

Vanadium Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Published : Nov 2023

Report ID: ARC1293

Pages : 250

Format : Vanadium Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Summary Table of Content Customization Download Sample Infographics

CHAPTER 1. Industry Overview of Vanadium Market

1.1. Definition and Scope

1.1.1. Definition of Vanadium

1.1.2. Market Segmentation

1.1.3. Years Considered for the Study

1.1.4. Assumptions and Acronyms Used

1.1.4.1. Market Assumptions and Market Forecast

1.1.4.2. Acronyms Used in Global Vanadium Market

1.2. Summary

1.2.1. Executive Summary 

1.2.2. Vanadium Market By Type

1.2.3. Vanadium Market By Grade Type

1.2.4. Vanadium Market By Application

1.2.5. Vanadium Market By End-User

1.2.6. Vanadium Market By Region

CHAPTER 2. Research Approach

2.1. Methodology 

2.1.1. Research Programs

2.1.2. Market Size Estimation

2.1.3. Market Breakdown and Data Triangulation

2.2. Data Source

2.2.1. Secondary Sources

2.2.2. Primary Sources

CHAPTER 3. Market Dynamics And Competition Analysis

3.1. Market Drivers

3.1.1. Driver 1

3.1.2. Driver 2

3.2. Restraints and Challenges

3.2.1. Restraint 1

3.2.2. Restraint 2

3.3. Growth Opportunities

3.3.1. Opportunity 1

3.3.2. Opportunity 2 

3.4. Porter’s Five Forces Analysis

3.4.1. Bargaining Power of Suppliers

3.4.2. Bargaining Power of Buyers

3.4.3. Threat of Substitute

3.4.4. Threat of New Entrants

3.4.5. Degree of Competition

3.5. Market Concentration Ratio and Market Maturity Analysis of Vanadium Market

3.5.1. Go To Market Strategy

3.5.1.1. Introduction

3.5.1.2. Growth

3.5.1.3. Maturity

3.5.1.4. Saturation

3.5.1.5. Possible Development

3.6. Technological Roadmap for Vanadium Market

3.7. Value Chain Analysis

3.7.1. List of Key Manufacturers 

3.7.2. List of Customers

3.7.3. Level of Integration

3.8. Cost Structure Analysis

3.8.1. Price Trend of Key Raw Materials

3.8.2. Raw Material Suppliers

3.8.3. Proportion of Manufacturing Cost Structure

3.8.3.1. Raw Material

3.8.3.2. Labor Cost

3.8.3.3. Manufacturing Expense

3.9. Regulatory Compliance

3.10. Competitive Landscape, 2022

3.10.1. Player Positioning Analysis

3.10.2. Key Strategies Adopted By Leading Players

CHAPTER 4. Manufacturing Plant Analysis

4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022

4.2. R&D Status of Major Manufacturers in 2022

CHAPTER 5. Vanadium Market By Type

5.1. Introduction

5.2. Vanadium Revenue By Type

5.2.1. Vanadium Revenue (USD Billion) and Forecast, By Type, 2020-2032

5.2.2. Vanadium Chemicals

5.2.2.1. Vanadium Chemicals Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.3. Vanadium Pentoxide

5.2.3.1. Vanadium Pentoxide Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.4. Vanadium Ferrovanadium

5.2.4.1. Vanadium Ferrovanadium Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.5. Aluminium-Vanadium Alloys

5.2.5.1. Aluminium-Vanadium Alloys Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.6. Others

5.2.6.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 6. Vanadium Market By Grade Type

6.1. Introduction

6.2. Vanadium Revenue By Grade Type

6.2.1. Vanadium Revenue (USD Billion) and Forecast, By Grade Type, 2020-2032

6.2.2. FeV40

6.2.2.1. FeV40 Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.3. FeV50

6.2.3.1. FeV50 Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.4. FeV60

6.2.4.1. FeV60 Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.5. FeV80

6.2.5.1. FeV80 Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 7. Vanadium Market By Application

7.1. Introduction

7.2. Vanadium Revenue By Application

7.2.1. Vanadium Revenue (USD Billion) and Forecast, By Application, 2020-2032

7.2.2. Iron & Steel

7.2.2.1. Iron & Steel Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.3. Energy Storage

7.2.3.1. Energy Storage Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.4. Chemical

7.2.4.1. Chemical Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.5. Titanium Alloys

7.2.5.1. Titanium Alloys Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 8. Vanadium Market By End-User

8.1. Introduction

8.2. Vanadium Revenue By End-User

8.2.1. Vanadium Revenue (USD Billion) and Forecast, By End-User, 2020-2032

8.2.2. Automotive

8.2.2.1. Automotive Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

8.2.3. Chemical

8.2.3.1. Chemical Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

8.2.4. Energy Storage

8.2.4.1. Energy Storage Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

8.2.5. Others

8.2.5.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 9. North America Vanadium Market By Country 

9.1. North America Vanadium Market Overview

9.2. U.S.

9.2.1. U.S. Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

9.2.2. U.S. Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

9.2.3. U.S. Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

9.2.4. U.S. Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

9.3. Canada

9.3.1. Canada Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

9.3.2. Canada Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

9.3.3. Canada Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

9.3.4. Canada Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

9.4. North America PEST Analysis

CHAPTER 10. Europe Vanadium Market By Country

10.1. Europe Vanadium Market Overview

10.2. U.K.

10.2.1. U.K. Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

10.2.2. U.K. Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

10.2.3. U.K. Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

10.2.4. U.K. Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

10.3. Germany

10.3.1. Germany Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

10.3.2. Germany Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

10.3.3. Germany Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

10.3.4. Germany Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

10.4. France

10.4.1. France Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

10.4.2. France Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

10.4.3. France Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

10.4.4. France Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

10.5. Spain

10.5.1. Spain Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

10.5.2. Spain Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

10.5.3. Spain Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

10.5.4. Spain Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

10.6. Rest of Europe

10.6.1. Rest of Europe Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

10.6.2. Rest of Europe Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

10.6.3. Rest of Europe Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

10.6.4. Rest of Europe Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

10.7. Europe PEST Analysis

CHAPTER 11. Asia Pacific Vanadium Market By Country

11.1. Asia Pacific Vanadium Market Overview

11.2. China

11.2.1. China Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

11.2.2. China Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

11.2.3. China Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

11.2.4. China Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

11.3. Japan

11.3.1. Japan Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

11.3.2. Japan Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

11.3.3. Japan Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

11.3.4. Japan Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

11.4. India

11.4.1. India Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

11.4.2. India Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

11.4.3. India Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

11.4.4. India Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

11.5. Australia

11.5.1. Australia Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

11.5.2. Australia Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

11.5.3. Australia Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

11.5.4. Australia Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

11.6. South Korea

11.6.1. South Korea Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

11.6.2. South Korea Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

11.6.3. South Korea Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

11.6.4. South Korea Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

11.7. Rest of Asia-Pacific

11.7.1. Rest of Asia-Pacific Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

11.7.2. Rest of Asia-Pacific Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

11.7.3. Rest of Asia-Pacific Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

11.7.4. Rest of Asia-Pacific Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

11.8. Asia Pacific PEST Analysis

CHAPTER 12. Latin America Vanadium Market By Country

12.1. Latin America Vanadium Market Overview

12.2. Brazil

12.2.1. Brazil Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

12.2.2. Brazil Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

12.2.3. Brazil Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

12.2.4. Brazil Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

12.3. Mexico

12.3.1. Mexico Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

12.3.2. Mexico Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

12.3.3. Mexico Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

12.3.4. Mexico Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

12.4. Rest of Latin America

12.4.1. Rest of Latin America Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

12.4.2. Rest of Latin America Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

12.4.3. Rest of Latin America Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

12.4.4. Rest of Latin America Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

12.5. Latin America PEST Analysis

CHAPTER 13. Middle East & Africa Vanadium Market By Country 

13.1. Middle East & Africa Vanadium Market Overview

13.2. GCC

13.2.1. GCC Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

13.2.2. GCC Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

13.2.3. GCC Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

13.2.4. GCC Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

13.3. South Africa

13.3.1. South Africa Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

13.3.2. South Africa Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

13.3.3. South Africa Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

13.3.4. South Africa Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

13.4. Rest of Middle East & Africa

13.4.1. Rest of Middle East & Africa Vanadium Revenue (USD Billion) and Forecast By Type, 2020-2032

13.4.2. Rest of Middle East & Africa Vanadium Revenue (USD Billion) and Forecast By Grade Type, 2020-2032

13.4.3. Rest of Middle East & Africa Vanadium Revenue (USD Billion) and Forecast By Application, 2020-2032

13.4.4. Rest of Middle East & Africa Vanadium Revenue (USD Billion) and Forecast By End-User, 2020-2032

13.5. Middle East & Africa PEST Analysis

CHAPTER 14. Player Analysis Of Vanadium Market

14.1. Vanadium Market Company Share Analysis

14.2. Competition Matrix

14.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment

14.2.2. New Product Launches and Product Enhancements

14.2.3. Mergers And Acquisition In Global Vanadium Market

14.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements

CHAPTER 15. Company Profile

15.1. Australian Vanadium Limited

15.1.1. Company Snapshot

15.1.2. Business Overview

15.1.3. Financial Overview

15.1.3.1. Revenue (USD Billion), 2022

15.1.3.2. Australian Vanadium Limited 2022 Vanadium Business Regional Distribution

15.1.4. Product /Service and Specification

15.1.5. Recent Developments & Business Strategy

15.2. Bushveld Minerals

15.3. EVRAZ

15.4. Largo Inc

15.5. VanadiumCorp Resource Inc

15.6. AMG

15.7. China Ansteel Group Corporation Limited

15.8. Glencore

15.9. HBIS GROUP

15.10. Treibacher Industrie AG

15.11. Tremond Metals Corp

15.12. Yilmaden

15.13. JAYESH INDUSTRIES LTD.

15.14. Core Metals LLC.

Frequently Asked Questions

How big is the vanadium market?

The vanadium market size was USD 2.3 billion in 2022.

What is the CAGR of the global vanadium market from 2023 to 2032?

The CAGR of vanadium is 7.2% during the analysis period of 2023 to 2032.

Which are the key players in the vanadium market?

The key players operating in the global market are including Australian Vanadium Limited, Bushveld Minerals, EVRAZ, Largo Inc, VanadiumCorp Resource Inc, AMG, China Ansteel Group Corporation Limited, Glencore, HBIS GROUP, Treibacher Industrie AG, Tremond Metals Corp, Yilmaden, JAYESH INDUSTRIES LTD., and Core Metals LLC.

Which region dominated the global vanadium market share?

Asia-Pacific held the dominating position in vanadium industry during the analysis period of 2023 to 2032.

Which region registered fastest CAGR from 2023 to 2032?

North America region exhibited fastest growing CAGR for market of vanadium during the analysis period of 2023 to 2032.

What are the current trends and dynamics in the global vanadium industry?

The current trends and dynamics in the vanadium industry include increasing demand for high-strength steel alloys, rising government initiatives toward green energy solutions, expansion in aerospace and construction sectors, and growing awareness of vanadium's potential as a substitute in manufacturing various high-performance products.

Which type held the maximum share in 2022?

The vanadium pentoxide type held the maximum share of the vanadium industry.

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