Global High-Purity Vanadium Pentoxide Market Growth 2023-2029

Global High-Purity Vanadium Pentoxide Market Growth 2023-2029

Vanadium Pentoxide is the inorganic compound with the formula V2O5. It is a brown/yellow solid, although when freshly precipitated from aqueous solution, its color is deep orange. Because of its high oxidation state, it is both an amphoteric oxide and an oxidizing agent. From the industrial perspective, it is the most important compound of vanadium, being principal precursor to alloys of vanadium and is a widely used industrial catalyst.

High-purity Vanadium Pentoxide is a vanadium product with V2O5 content greater than 99%. A typical “technical grade” vanadium pentoxide specification may call for material to be 99.2% pure with modest limits of trace elements including iron, potassium, sodium and silicon. In some applications for “high purity” vanadium pentoxide, the V2O5 content of the material, as well as, the particle size and particle morphology are very important.

The High-purity Vanadium Pentoxide market covers Min.99% V2O5, Min.99.5% V2O5, etc. The typical players include U.S. Vanadium LLC, HBIS Group, etc.

LPI (LP Information)' newest research report, the “High-Purity Vanadium Pentoxide Industry Forecast” looks at past sales and reviews total world High-Purity Vanadium Pentoxide sales in 2022, providing a comprehensive analysis by region and market sector of projected High-Purity Vanadium Pentoxide sales for 2023 through 2029. With High-Purity Vanadium Pentoxide sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High-Purity Vanadium Pentoxide industry.

This Insight Report provides a comprehensive analysis of the global High-Purity Vanadium Pentoxide landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High-Purity Vanadium Pentoxide portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global High-Purity Vanadium Pentoxide market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High-Purity Vanadium Pentoxide and breaks down the forecast by purity, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High-Purity Vanadium Pentoxide.

The global High-Purity Vanadium Pentoxide market size is projected to grow from US$ 246.5 million in 2022 to US$ 309.8 million in 2029; it is expected to grow at a CAGR of 309.8 from 2023 to 2029.

The classification of High-purity Vanadium Pentoxide includes min.99.5% V2O5, min.99% V2O5, min. 99.9% V2O5. The proportion of min. 99.5% V2O5 was about 71%, min.99% V2O5 segment sales share was about 26% of total market.

High-purity Vanadium Pentoxide is widely used in Metallurgy/Steelmaking, Chemical Catalyst, Vanadium Cell/VRB and other Industries. The most proportion of High-purity Vanadium Pentoxide is used in Metallurgy/Steelmaking segment, about 48% global sales share.

Asia-Pacific is the largest consumption region, with a consumption market share nearly 45%. Following APAC, Europe is the second largest consumption place with the consumption market share of 27%.

Market concentration is high and competition is intense. U.S. Vanadium LLC, HBIS Group, Hunan Huifeng High Energy Co., Ltd and Suzhou Donghua Fangui Co.Ltd. are the leaders in High-purity Vanadium Pentoxide industry, with about 48% market shares.

This report presents a comprehensive overview, market shares, and growth opportunities of High-Purity Vanadium Pentoxide market by product purity, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by purity

Min.99.5% V2O5

Min.99% V2O5

Min.99.9% V2O5

Segmentation by application

Metallurgy/Steelmaking

Chemical Catalyst

Vanadium Cell/VRB

Others

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.

U.S. Vanadium LLC

GfE

HBIS Group

Suzhou Donghua Fangui Co.Ltd.

Liaoyang Hengye Chemical Co., Ltd.

Hunan Huifeng High Energy Co., Ltd

Hunan Sanfeng Vanadium Industry Co., Ltd

BaiChuan Vanadium Industry

Key Questions Addressed in this Report

What is the 10-year outlook for the global High-Purity Vanadium Pentoxide market?

What factors are driving High-Purity Vanadium Pentoxide market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do High-Purity Vanadium Pentoxide market opportunities vary by end market size?

How does High-Purity Vanadium Pentoxide break out purity, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.