The global Vanadium market size was valued at US$ 4275.6 million in 2023. With growing demand in downstream market, the Vanadium is forecast to a readjusted size of US$ 6979.4 million by 2030 with a CAGR of 7.3% during review period.
The research report highlights the growth potential of the global Vanadium market. Vanadium are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Vanadium. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Vanadium market.
Vanadium (CAS 7440-62-2) is a silver-gray metal, hard, non-magnetic, and ductile, but if it contains a small amount of impurities, especially nitrogen, oxygen, hydrogen, etc., its plasticity can be significantly reduced.
Most vanadium processors initially produce technical grade vanadium oxide, which is a major intermediate product. Vanadium oxide refers to the oxide and mixed phase formed by the combination of vanadium and oxygen. Vanadium oxide products mainly include vanadium trioxide and vanadium pentoxide, of which vanadium trioxide is mainly used to prepare vanadium alloys, and vanadium pentoxide can be used to prepare vanadium alloys and vanadium batteries according to its preparation method, purity and physical properties Electrolyte, catalyst and chemical raw materials, etc. Vanadium pentoxide accounts for the largest proportion.
It is then made into ferro-vanadium, vanadium alloys and vanadium chemicals. Among them, ferrovanadium 80 is the final product with the largest proportion.
To sum up, vanadium products are divided into primary products, secondary products and tertiary products.
Primary products include vanadium-bearing minerals, ore concentrates, vanadium slag, spent petroleum refining spent catalysts, spent catalysts and other residues.
Secondary products include vanadium pentoxide, which can also be a useful industrial product, namely catalysts for the production of sulfuric acid and catalysts for petroleum refining.
The tertiary products include ferro-vanadium, vanadium-aluminum alloy, molybdenum-vanadium-aluminum alloy, silicon-manganese-vanadium-ferroalloy and vanadium compounds, among which ferro-vanadium is the most important vanadium material.
The data in this report have been converted into V2O5 as the statistical standard.
Global 5 largest manufacturers of Vanadium (CAS 7440-62-2) are Pangang Group Vanadium and Titanium Resources Co.,Ltd., Evraz, Hesteel Group, Beijing Jianlong Heavy Industry Group Co., Ltd. And Treibacher Industrie, which make up nearly 50%. Most of the top manufacturers headquarter in China and Europe.
Asia is the largest market, holding a share over 70%, followed by North America and Europe, with share 10% and 15% separately.
Vanadium products are divided into primary products, secondary products and tertiary products. The products are mainly used in steel industry, with a market share over 85%.
Key Features:
The report on Vanadium market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Vanadium market. It may include historical data, market segmentation by Type (e.g., Vanadium Titanium Magnetite, Vanadium-containing Secondary Resource), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Vanadium market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Vanadium market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Vanadium industry. This include advancements in Vanadium technology, Vanadium new entrants, Vanadium new investment, and other innovations that are shaping the future of Vanadium.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Vanadium market. It includes factors influencing customer ' purchasing decisions, preferences for Vanadium product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Vanadium market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Vanadium market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Vanadium market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Vanadium industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Vanadium market.
Market Segmentation:
Vanadium market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Vanadium Titanium Magnetite
Vanadium-containing Secondary Resource
Vanadium Slag
Segmentation by application
Steel Industry
Chemical Industry
Vanadium Alloys
Energy Storage
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Pangang Group Vanadium and Titanium Resources Co.,Ltd.
Evraz
Hesteel Group
Beijing Jianlong Heavy Industry Group Co., Ltd.
Treibacher Industrie
Glencore
Chengyu Vanadium & Titanium Technology Co., Ltd.
Desheng Group
Largo Inc.
Bushveld Minerals
Da Steel
U.S. Vanadium
Shaanxi Youser
Key Questions Addressed in this Report
What is the 10-year outlook for the global Vanadium market?
What factors are driving Vanadium market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Vanadium market opportunities vary by end market size?
How does Vanadium break out type, application?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Vanadium Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Vanadium by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Vanadium by Country/Region, 2019, 2023 & 2030
2.2 Vanadium Segment by Type
2.2.1 Vanadium Titanium Magnetite
2.2.2 Vanadium-containing Secondary Resource
2.2.3 Vanadium Slag
2.3 Vanadium Sales by Type
2.3.1 Global Vanadium Sales Market Share by Type (2019-2024)
2.3.2 Global Vanadium Revenue and Market Share by Type (2019-2024)
2.3.3 Global Vanadium Sale Price by Type (2019-2024)
2.4 Vanadium Segment by Application
2.4.1 Steel Industry
2.4.2 Chemical Industry
2.4.3 Vanadium Alloys
2.4.4 Energy Storage
2.5 Vanadium Sales by Application
2.5.1 Global Vanadium Sale Market Share by Application (2019-2024)
2.5.2 Global Vanadium Revenue and Market Share by Application (2019-2024)
2.5.3 Global Vanadium Sale Price by Application (2019-2024)
3 Global Vanadium by Company
3.1 Global Vanadium Breakdown Data by Company
3.1.1 Global Vanadium Annual Sales by Company (2019-2024)
3.1.2 Global Vanadium Sales Market Share by Company (2019-2024)
3.2 Global Vanadium Annual Revenue by Company (2019-2024)
3.2.1 Global Vanadium Revenue by Company (2019-2024)
3.2.2 Global Vanadium Revenue Market Share by Company (2019-2024)
3.3 Global Vanadium Sale Price by Company
3.4 Key Manufacturers Vanadium Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Vanadium Product Location Distribution
3.4.2 Players Vanadium Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Vanadium by Geographic Region
4.1 World Historic Vanadium Market Size by Geographic Region (2019-2024)
4.1.1 Global Vanadium Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Vanadium Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Vanadium Market Size by Country/Region (2019-2024)
4.2.1 Global Vanadium Annual Sales by Country/Region (2019-2024)
4.2.2 Global Vanadium Annual Revenue by Country/Region (2019-2024)
4.3 Americas Vanadium Sales Growth
4.4 APAC Vanadium Sales Growth
4.5 Europe Vanadium Sales Growth
4.6 Middle East & Africa Vanadium Sales Growth
5 Americas
5.1 Americas Vanadium Sales by Country
5.1.1 Americas Vanadium Sales by Country (2019-2024)
5.1.2 Americas Vanadium Revenue by Country (2019-2024)
5.2 Americas Vanadium Sales by Type
5.3 Americas Vanadium Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Vanadium Sales by Region
6.1.1 APAC Vanadium Sales by Region (2019-2024)
6.1.2 APAC Vanadium Revenue by Region (2019-2024)
6.2 APAC Vanadium Sales by Type
6.3 APAC Vanadium Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Vanadium by Country
7.1.1 Europe Vanadium Sales by Country (2019-2024)
7.1.2 Europe Vanadium Revenue by Country (2019-2024)
7.2 Europe Vanadium Sales by Type
7.3 Europe Vanadium Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Vanadium by Country
8.1.1 Middle East & Africa Vanadium Sales by Country (2019-2024)
8.1.2 Middle East & Africa Vanadium Revenue by Country (2019-2024)
8.2 Middle East & Africa Vanadium Sales by Type
8.3 Middle East & Africa Vanadium Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Vanadium
10.3 Manufacturing Process Analysis of Vanadium
10.4 Industry Chain Structure of Vanadium
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Vanadium Distributors
11.3 Vanadium Customer
12 World Forecast Review for Vanadium by Geographic Region
12.1 Global Vanadium Market Size Forecast by Region
12.1.1 Global Vanadium Forecast by Region (2025-2030)
12.1.2 Global Vanadium Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Vanadium Forecast by Type
12.7 Global Vanadium Forecast by Application
13 Key Players Analysis
13.1 Pangang Group Vanadium and Titanium Resources Co.,Ltd.
13.1.1 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Company Information
13.1.2 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Vanadium Product Portfolios and Specifications
13.1.3 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Vanadium Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Main Business Overview
13.1.5 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Latest Developments
13.2 Evraz
13.2.1 Evraz Company Information
13.2.2 Evraz Vanadium Product Portfolios and Specifications
13.2.3 Evraz Vanadium Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Evraz Main Business Overview
13.2.5 Evraz Latest Developments
13.3 Hesteel Group
13.3.1 Hesteel Group Company Information
13.3.2 Hesteel Group Vanadium Product Portfolios and Specifications
13.3.3 Hesteel Group Vanadium Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Hesteel Group Main Business Overview
13.3.5 Hesteel Group Latest Developments
13.4 Beijing Jianlong Heavy Industry Group Co., Ltd.
13.4.1 Beijing Jianlong Heavy Industry Group Co., Ltd. Company Information
13.4.2 Beijing Jianlong Heavy Industry Group Co., Ltd. Vanadium Product Portfolios and Specifications
13.4.3 Beijing Jianlong Heavy Industry Group Co., Ltd. Vanadium Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Beijing Jianlong Heavy Industry Group Co., Ltd. Main Business Overview
13.4.5 Beijing Jianlong Heavy Industry Group Co., Ltd. Latest Developments
13.5 Treibacher Industrie
13.5.1 Treibacher Industrie Company Information
13.5.2 Treibacher Industrie Vanadium Product Portfolios and Specifications
13.5.3 Treibacher Industrie Vanadium Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Treibacher Industrie Main Business Overview
13.5.5 Treibacher Industrie Latest Developments
13.6 Glencore
13.6.1 Glencore Company Information
13.6.2 Glencore Vanadium Product Portfolios and Specifications
13.6.3 Glencore Vanadium Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Glencore Main Business Overview
13.6.5 Glencore Latest Developments
13.7 Chengyu Vanadium & Titanium Technology Co., Ltd.
13.7.1 Chengyu Vanadium & Titanium Technology Co., Ltd. Company Information
13.7.2 Chengyu Vanadium & Titanium Technology Co., Ltd. Vanadium Product Portfolios and Specifications
13.7.3 Chengyu Vanadium & Titanium Technology Co., Ltd. Vanadium Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Chengyu Vanadium & Titanium Technology Co., Ltd. Main Business Overview
13.7.5 Chengyu Vanadium & Titanium Technology Co., Ltd. Latest Developments
13.8 Desheng Group
13.8.1 Desheng Group Company Information
13.8.2 Desheng Group Vanadium Product Portfolios and Specifications
13.8.3 Desheng Group Vanadium Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Desheng Group Main Business Overview
13.8.5 Desheng Group Latest Developments
13.9 Largo Inc.
13.9.1 Largo Inc. Company Information
13.9.2 Largo Inc. Vanadium Product Portfolios and Specifications
13.9.3 Largo Inc. Vanadium Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Largo Inc. Main Business Overview
13.9.5 Largo Inc. Latest Developments
13.10 Bushveld Minerals
13.10.1 Bushveld Minerals Company Information
13.10.2 Bushveld Minerals Vanadium Product Portfolios and Specifications
13.10.3 Bushveld Minerals Vanadium Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Bushveld Minerals Main Business Overview
13.10.5 Bushveld Minerals Latest Developments
13.11 Da Steel
13.11.1 Da Steel Company Information
13.11.2 Da Steel Vanadium Product Portfolios and Specifications
13.11.3 Da Steel Vanadium Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Da Steel Main Business Overview
13.11.5 Da Steel Latest Developments
13.12 U.S. Vanadium
13.12.1 U.S. Vanadium Company Information
13.12.2 U.S. Vanadium Vanadium Product Portfolios and Specifications
13.12.3 U.S. Vanadium Vanadium Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 U.S. Vanadium Main Business Overview
13.12.5 U.S. Vanadium Latest Developments
13.13 Shaanxi Youser
13.13.1 Shaanxi Youser Company Information
13.13.2 Shaanxi Youser Vanadium Product Portfolios and Specifications
13.13.3 Shaanxi Youser Vanadium Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Shaanxi Youser Main Business Overview
13.13.5 Shaanxi Youser Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
