Global Vanadium Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Vanadium Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Vanadium market size was valued at USD 4497.2 million in 2022 and is forecast to a readjusted size of USD 7076.1 million by 2029 with a CAGR of 6.7% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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%.

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.

This report is a detailed and comprehensive analysis for global Vanadium market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:

Global Vanadium market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2018-2029

Global Vanadium market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2018-2029

Global Vanadium market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2018-2029

Global Vanadium market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2018-2023

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Vanadium

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Vanadium market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Pangang Group Vanadium and Titanium Resources Co.,Ltd., Evraz, Hesteel Group, Beijing Jianlong Heavy Industry Group Co., Ltd. and Treibacher Industrie, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market Segmentation

Vanadium market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Vanadium Titanium Magnetite
Vanadium-containing Secondary Resource
Vanadium Slag

Market segment by Application
Steel Industry
Chemical Industry
Vanadium Alloys
Energy Storage

Major players covered
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

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Vanadium product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Vanadium, with price, sales, revenue and global market share of Vanadium from 2018 to 2023.

Chapter 3, the Vanadium competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Vanadium breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Vanadium market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of Vanadium.

Chapter 14 and 15, to describe Vanadium sales channel, distributors, customers, research findings and conclusion.