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Vanadium Market Report 2025

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    Report

  • 200 Pages
  • March 2025
  • Region: Global
  • The Business Research Company
  • ID: 5930863
This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The vanadium market size has grown strongly in recent years. It will grow from $2.47 billion in 2024 to $2.62 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to steel and alloy production, battery technologies, urbanization and infrastructure growth, renewable energy.

The vanadium market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to green energy transition, e-mobility, infrastructure investments, space exploration. Major trends in the forecast period include vanadium recycling, vanadium nitride batteries, vanadium in aerospace, energy storage integration.

The anticipated growth of the vanadium market is being driven by the increasing adoption of large-scale energy storage technologies. These technologies encompass systems designed to store energy for future use, mitigating energy supply and demand fluctuations, offering backup power during outages, and facilitating energy storage for various applications, including transportation. Vanadium plays a crucial role in energy storage technologies, such as vanadium redox flow batteries (VRFBs), enabling the storage and release of substantial energy over extended periods. As of July 2023, an International Energy Agency (IEA) report revealed that the total installed grid-scale battery storage capacity had reached nearly 28 GW by the end of 2022, with a 75% increase compared to 2021, and around 11 GW of new storage capacity installed. Furthermore, grid-scale battery capacity for storage is projected to grow exponentially, reaching approximately 970 GW, a 35-fold increase, from 2022 to 2030. Consequently, the development of large-scale energy storage technologies will be a driving force behind the vanadium market.

The growing steel production is expected to drive the expansion of the vanadium market in the future. Steel production involves creating steel from iron ore and/or scrap, and vanadium plays a crucial role in this process. It is an essential component in the production of vanadium redox flow batteries (VRFBs) and is widely used as an alloying element in steel manufacturing. For example, in October 2024, the Press Information Bureau, an India-based government agency, reported a significant increase in crude steel production, which rose from 109.137 million tonnes (MT) in 2019-20 to 144.299 MT in 2023-24, reflecting a strong 13.4% growth from the previous year's 127.197 MT in 2022-23. The domestic steel industry's capacity also grew from 142.299 MT per year in 2019-20 to 179.515 MT in 2023-24, further boosting production. Capacity utilization reached 81% during this period. As a result, the rise in steel production is expected to propel the growth of the vanadium market.

Leading companies in the vanadium market are intensifying their efforts toward innovative vanadium production techniques, with a particular focus on belt filter technology, to strengthen their market position. Belt filter technology is an industrial system designed for solid-liquid separation processes, especially within the chemical industry for dewatering sludges. For instance, in September 2022, U.S. Vanadium LLC, a U.S.-based manufacturer specializing in various vanadium chemicals, introduced an industrial Belt Filter plant. This facility significantly improved vanadium recovery rates, reduced operational costs, increased recycling initiatives, and reduced the facility's overall environmental footprint. The introduction of the new Belt Filter technology enhances vanadium recovery and increases the production of valuable vanadium products. Importantly, the belt filter produces a relatively dry cake with just a 5-6% moisture content, making it suitable for various industrial applications.

In September 2022, US Vanadium LLC, a U.S.-based manufacturer specializing in specialty vanadium chemicals, successfully completed the acquisition of the Materials Processing Plant from Saint-Gobain SA. The financial details of this transaction have not been disclosed. This strategic acquisition positions US Vanadium to expand and strengthen its production of high-purity vanadium and related products. By incorporating this facility into its operations, US Vanadium anticipates improving the flexibility and processing capacity of its diverse vanadium feedstock sources. Saint-Gobain SA, a French-based company, operates the materials processing plant located in Benton, Arkansas. This facility is responsible for grinding and roasting vanadium-containing feedstock to produce high-purity vanadium products.

Major companies operating in the vanadium market are Glencore PLC, HBIS GROUP Co. Ltd., China Ansteel Group Corporation Limited, EVRAZ PLC, Essel Mining & Industries Limited, Ferroglobe PLC, Advanced Metallurgical Group (AMG) N.V., Largo Inc., Treibacher Industrie AG, Bushveld Minerals Ltd., Gulf Chemical and Metallurgical Corporation, Atlantic Ltd., JAYESH Group, Hickman Williams & Company, Angang Steel Co. Ltd., VanadiumCorp Resource Inc., Meta Materials Inc., Bear Metallurgical Company, U.S. Vanadium Holding Company LLC, Shenzhen Chinary Co. Ltd., Core Metals LLC, YILMADEN HOLDING Inc., Tremond Metals Corp., Australian Vanadium Limited, Otto Chemie Pvt Ltd.

Asia-Pacific was the largest region in the vanadium market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in vanadium report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the vanadium market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The vanadium market consists of sales of aluminum ore, vanadate, carnotite, roscoelite and patronite. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Vanadium is a metallic element that is extracted from minerals and can be found either as a light-gray powder with a silvery sheen or in the form of a malleable metal, known for its low neutron-absorbing characteristics. Vanadium is commonly utilized as an alloying element in steel, contributing to its strength, resilience, and resistance to corrosion.

The primary types of vanadium include vanadium pentoxide, vanadium ferrovanadium, aluminum-vanadium alloys, vanadium chemicals, and others. Vanadium pentoxide (V2O5) is an inorganic chemical that typically presents itself as a brown or yellow solid, but when freshly precipitated from an aqueous solution, it can appear deep orange. Various production methods, such as aluminothermic reduction and silicon reduction techniques, are employed in various industries like iron and steel, chemicals, and titanium alloys. These industries serve end users like the automotive sector, chemical industry, energy storage, and others.

The vanadium market research report is one of a series of new reports that provides vanadium market statistics, including vanadium industry global market size, regional shares, competitors with a vanadium market share, detailed vanadium market segments, market trends and opportunities and any further data you may need to thrive in the vanadium industry. This vanadium market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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Table of Contents

1. Executive Summary2. Vanadium Market Characteristics3. Vanadium Market Trends and Strategies4. Vanadium Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, Covid and Recovery on the Market
5. Global Vanadium Growth Analysis and Strategic Analysis Framework
5.1. Global Vanadium PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis of End Use Industries
5.3. Global Vanadium Market Growth Rate Analysis
5.4. Global Vanadium Historic Market Size and Growth, 2019-2024, Value ($ Billion)
5.5. Global Vanadium Forecast Market Size and Growth, 2024-2029, 2034F, Value ($ Billion)
5.6. Global Vanadium Total Addressable Market (TAM)
6. Vanadium Market Segmentation
6.1. Global Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Vanadium Pentoxide
  • Vanadium Ferrovanadium
  • Aluminum-Vanadium Alloys
  • Vanadium Chemicals
  • Other Types
6.2. Global Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Aluminothermic Reduction Technique
  • Silicon Reduction Technique
6.3. Global Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Iron and Steel
  • Chemical
  • Titanium Alloys
  • Other Applications
6.4. Global Vanadium Market, Segmentation by End-user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Automotive
  • Chemical
  • Energy Storage
  • Other End-Users
6.5. Global Vanadium Market, Sub-Segmentation of Vanadium Pentoxide, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Chemical Grade
  • Metallurgical Grade
6.6. Global Vanadium Market, Sub-Segmentation of Vanadium Ferrovanadium, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Low-Vanadium Ferrovanadium
  • High-Vanadium Ferrovanadium
6.7. Global Vanadium Market, Sub-Segmentation of Aluminum-Vanadium Alloys, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Aluminum-Vanadium Alloys with High Vanadium Content
  • Aluminum-Vanadium Alloys With Low Vanadium Content
6.8. Global Vanadium Market, Sub-Segmentation of Vanadium Chemicals, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Vanadyl Sulfate
  • Vanadium Chloride
  • Vanadium Trioxide
6.9. Global Vanadium Market, Sub-Segmentation of Other Types, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Vanadium Recovery Products
  • Vanadium Oxide
7. Vanadium Market Regional and Country Analysis
7.1. Global Vanadium Market, Split by Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Vanadium Market, Split by Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Vanadium Market
8.1. Asia-Pacific Vanadium Market Overview
  • Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Vanadium Market
9.1. China Vanadium Market Overview
9.2. China Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Vanadium Market
10.1. India Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Vanadium Market
11.1. Japan Vanadium Market Overview
11.2. Japan Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Vanadium Market
12.1. Australia Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Vanadium Market
13.1. Indonesia Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Vanadium Market
14.1. South Korea Vanadium Market Overview
14.2. South Korea Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Vanadium Market
15.1. Western Europe Vanadium Market Overview
15.2. Western Europe Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Vanadium Market
16.1. UK Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Vanadium Market
17.1. Germany Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Vanadium Market
18.1. France Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Vanadium Market
19.1. Italy Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Vanadium Market
20.1. Spain Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Vanadium Market
21.1. Eastern Europe Vanadium Market Overview
21.2. Eastern Europe Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Vanadium Market
22.1. Russia Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Vanadium Market
23.1. North America Vanadium Market Overview
23.2. North America Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Vanadium Market
24.1. USA Vanadium Market Overview
24.2. USA Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Vanadium Market
25.1. Canada Vanadium Market Overview
25.2. Canada Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Vanadium Market
26.1. South America Vanadium Market Overview
26.2. South America Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Vanadium Market
27.1. Brazil Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Vanadium Market
28.1. Middle East Vanadium Market Overview
28.2. Middle East Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Vanadium Market
29.1. Africa Vanadium Market Overview
29.2. Africa Vanadium Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Vanadium Market, Segmentation by Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Vanadium Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Vanadium Market Competitive Landscape and Company Profiles
30.1. Vanadium Market Competitive Landscape
30.2. Vanadium Market Company Profiles
30.2.1. Glencore plc Overview, Products and Services, Strategy and Financial Analysis
30.2.2. HBIS GROUP Co. Ltd. Overview, Products and Services, Strategy and Financial Analysis
30.2.3. China Ansteel Group Corporation Limited Overview, Products and Services, Strategy and Financial Analysis
30.2.4. EVRAZ plc Overview, Products and Services, Strategy and Financial Analysis
30.2.5. Essel Mining & Industries Limited Overview, Products and Services, Strategy and Financial Analysis
31. Vanadium Market Other Major and Innovative Companies
31.1. Ferroglobe PLC
31.2. Advanced Metallurgical Group (AMG) N.V.
31.3. Largo Inc.
31.4. Treibacher Industrie AG
31.5. Bushveld Minerals Ltd.
31.6. Gulf Chemical and Metallurgical Corporation
31.7. Atlantic Ltd.
31.8. JAYESH Group
31.9. Hickman Williams & Company
31.10. Angang Steel Co. Ltd.
31.11. VanadiumCorp Resource Inc.
31.12. Meta Materials Inc.
31.13. Bear Metallurgical Company
31.14. U.S. Vanadium Holding Company LLC
31.15. Shenzhen Chinary Co. Ltd.
32. Global Vanadium Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Vanadium Market34. Recent Developments in the Vanadium Market
35. Vanadium Market High Potential Countries, Segments and Strategies
35.1 Vanadium Market in 2029 - Countries Offering Most New Opportunities
35.2 Vanadium Market in 2029 - Segments Offering Most New Opportunities
35.3 Vanadium Market in 2029 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Vanadium Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on vanadium market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
  • Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
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  • Benchmark performance against key competitors.
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  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for vanadium? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The vanadium market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Type: Vanadium Pentoxide; Vanadium Ferrovanadium; Aluminum-Vanadium Alloys; Vanadium Chemicals; Other Types
2) By Production Process: Aluminothermic Reduction Technique; Silicon Reduction Technique
3) By Application: Iron And Steel; Chemical; Titanium Alloys; Other Applications
4) By End-user: Automotive; Chemical; Energy Storage; Other End-Users

Subsegments:

1) By Vanadium Pentoxide: Chemical Grade; Metallurgical Grade
2) By Vanadium Ferrovanadium: Low-Vanadium Ferrovanadium; High-Vanadium Ferrovanadium
3) By Aluminum-Vanadium Alloys: Aluminum-Vanadium Alloys with High Vanadium Content; Aluminum-Vanadium Alloys With Low Vanadium Content
4) By Vanadium Chemicals: Vanadyl Sulfate; Vanadium Chloride; Vanadium Trioxide
5) By Other Types: Vanadium Recovery Products; Vanadium Oxide

Key Companies Mentioned: Glencore plc; HBIS GROUP Co. Ltd.; China Ansteel Group Corporation Limited; EVRAZ plc; Essel Mining & Industries Limited

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

Some of the major companies featured in this Vanadium market report include:
  • Glencore plc
  • HBIS GROUP Co. Ltd.
  • China Ansteel Group Corporation Limited
  • EVRAZ plc
  • Essel Mining & Industries Limited
  • Ferroglobe PLC
  • Advanced Metallurgical Group (AMG) N.V.
  • Largo Inc.
  • Treibacher Industrie AG
  • Bushveld Minerals Ltd.
  • Gulf Chemical and Metallurgical Corporation
  • Atlantic Ltd.
  • JAYESH Group
  • Hickman Williams & Company
  • Angang Steel Co. Ltd.
  • VanadiumCorp Resource Inc.
  • Meta Materials Inc.
  • Bear Metallurgical Company
  • U.S. Vanadium Holding Company LLC
  • Shenzhen Chinary Co. Ltd.
  • Core Metals LLC
  • YILMADEN HOLDING Inc.
  • Tremond Metals Corp.
  • Australian Vanadium Limited
  • Otto Chemie Pvt Ltd

Table Information