The vanadium market size has the potential to grow by 28.31 th tons during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by application (Steel, Titanium alloys, and Others) and geography (APAC, Europe, North America, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including AMG Advanced Metallurgical Group NV, Angang Steel Co. Ltd., Australian Vanadium Ltd., Bushveld Minerals, EVRAZ Plc, Glencore Plc, HBIS Group Co. Ltd., Largo Resources Ltd., Treibacher Industrie AG, and VanadiumCorp Resource Inc.
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Vanadium Market
Market Competitive Analysis
The market is concentrated. AMG Advanced Metallurgical Group NV, Angang Steel Co. Ltd., Australian Vanadium Ltd., Bushveld Minerals, EVRAZ Plc, Glencore Plc, HBIS Group Co. Ltd., Largo Resources Ltd., Treibacher Industrie AG, and VanadiumCorp Resource Inc. are some of the major market participants. Factors such as increasing demand in construction industry will offer immense growth opportunities. However, fluctuation in steel industry, decreasing supply of vanadium, and high toxicity may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this vanadium market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this vanadium market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- AMG Advanced Metallurgical Group NV
- Angang Steel Co. Ltd.
- Australian Vanadium Ltd.
- Bushveld Minerals
- EVRAZ Plc
- Glencore Plc
- HBIS Group Co. Ltd.
- Largo Resources Ltd.
- Treibacher Industrie AG
- VanadiumCorp Resource Inc.
Vanadium Market: Segmentation by Geography
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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The growing use of high strength steel will significantly influence vanadium market's growth in this region.
70% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for vanadium market in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the vanadium market size.
Vanadium Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will vanadium market growth during the next five years
- Precise estimation of the vanadium market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the vanadium industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of vanadium market vendors
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Vanadium Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5% |
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Market growth 2020-2024 |
28.31 th tons |
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Market structure |
Concentrated |
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YoY growth (%) |
2.46 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 70% |
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Key consumer countries |
China, US, Japan, Russian Federation, and South Korea (Republic of Korea) |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
AMG Advanced Metallurgical Group NV, Angang Steel Co. Ltd., Australian Vanadium Ltd., Bushveld Minerals, EVRAZ Plc, Glencore Plc, HBIS Group Co. Ltd., Largo Resources Ltd., Treibacher Industrie AG, and VanadiumCorp Resource Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |