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Global Vanadium Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Vanadium Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2029

Publishing Date : Jul, 2023

License Type :
 

Report Code : 1493616

No of Pages : 106

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Synopsis
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.

Index

1 Market Overview
1.1 Product Overview and Scope of Vanadium
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Vanadium Consumption Value by Type: 2018 Versus 2022 Versus 2029
1.3.2 Vanadium Titanium Magnetite
1.3.3 Vanadium-containing Secondary Resource
1.3.4 Vanadium Slag
1.4 Market Analysis by Application
1.4.1 Overview: Global Vanadium Consumption Value by Application: 2018 Versus 2022 Versus 2029
1.4.2 Steel Industry
1.4.3 Chemical Industry
1.4.4 Vanadium Alloys
1.4.5 Energy Storage
1.5 Global Vanadium Market Size & Forecast
1.5.1 Global Vanadium Consumption Value (2018 & 2022 & 2029)
1.5.2 Global Vanadium Sales Quantity (2018-2029)
1.5.3 Global Vanadium Average Price (2018-2029)
2 Manufacturers Profiles
2.1 Pangang Group Vanadium and Titanium Resources Co.,Ltd.
2.1.1 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Details
2.1.2 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Major Business
2.1.3 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Vanadium Product and Services
2.1.4 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Vanadium Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.1.5 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Recent Developments/Updates
2.2 Evraz
2.2.1 Evraz Details
2.2.2 Evraz Major Business
2.2.3 Evraz Vanadium Product and Services
2.2.4 Evraz Vanadium Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.2.5 Evraz Recent Developments/Updates
2.3 Hesteel Group
2.3.1 Hesteel Group Details
2.3.2 Hesteel Group Major Business
2.3.3 Hesteel Group Vanadium Product and Services
2.3.4 Hesteel Group Vanadium Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.3.5 Hesteel Group Recent Developments/Updates
2.4 Beijing Jianlong Heavy Industry Group Co., Ltd.
2.4.1 Beijing Jianlong Heavy Industry Group Co., Ltd. Details
2.4.2 Beijing Jianlong Heavy Industry Group Co., Ltd. Major Business
2.4.3 Beijing Jianlong Heavy Industry Group Co., Ltd. Vanadium Product and Services
2.4.4 Beijing Jianlong Heavy Industry Group Co., Ltd. Vanadium Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.4.5 Beijing Jianlong Heavy Industry Group Co., Ltd. Recent Developments/Updates
2.5 Treibacher Industrie
2.5.1 Treibacher Industrie Details
2.5.2 Treibacher Industrie Major Business
2.5.3 Treibacher Industrie Vanadium Product and Services
2.5.4 Treibacher Industrie Vanadium Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.5.5 Treibacher Industrie Recent Developments/Updates
2.6 Glencore
2.6.1 Glencore Details
2.6.2 Glencore Major Business
2.6.3 Glencore Vanadium Product and Services
2.6.4 Glencore Vanadium Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.6.5 Glencore Recent Developments/Updates
2.7 Chengyu Vanadium & Titanium Technology Co., Ltd.
2.7.1 Chengyu Vanadium & Titanium Technology Co., Ltd. Details
2.7.2 Chengyu Vanadium & Titanium Technology Co., Ltd. Major Business
2.7.3 Chengyu Vanadium & Titanium Technology Co., Ltd. Vanadium Product and Services
2.7.4 Chengyu Vanadium & Titanium Technology Co., Ltd. Vanadium Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.7.5 Chengyu Vanadium & Titanium Technology Co., Ltd. Recent Developments/Updates
2.8 Desheng Group
2.8.1 Desheng Group Details
2.8.2 Desheng Group Major Business
2.8.3 Desheng Group Vanadium Product and Services
2.8.4 Desheng Group Vanadium Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.8.5 Desheng Group Recent Developments/Updates
2.9 Largo Inc.
2.9.1 Largo Inc. Details
2.9.2 Largo Inc. Major Business
2.9.3 Largo Inc. Vanadium Product and Services
2.9.4 Largo Inc. Vanadium Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.9.5 Largo Inc. Recent Developments/Updates
2.10 Bushveld Minerals
2.10.1 Bushveld Minerals Details
2.10.2 Bushveld Minerals Major Business
2.10.3 Bushveld Minerals Vanadium Product and Services
2.10.4 Bushveld Minerals Vanadium Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.10.5 Bushveld Minerals Recent Developments/Updates
2.11 Da Steel
2.11.1 Da Steel Details
2.11.2 Da Steel Major Business
2.11.3 Da Steel Vanadium Product and Services
2.11.4 Da Steel Vanadium Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.11.5 Da Steel Recent Developments/Updates
2.12 U.S. Vanadium
2.12.1 U.S. Vanadium Details
2.12.2 U.S. Vanadium Major Business
2.12.3 U.S. Vanadium Vanadium Product and Services
2.12.4 U.S. Vanadium Vanadium Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.12.5 U.S. Vanadium Recent Developments/Updates
2.13 Shaanxi Youser
2.13.1 Shaanxi Youser Details
2.13.2 Shaanxi Youser Major Business
2.13.3 Shaanxi Youser Vanadium Product and Services
2.13.4 Shaanxi Youser Vanadium Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.13.5 Shaanxi Youser Recent Developments/Updates
3 Competitive Environment: Vanadium by Manufacturer
3.1 Global Vanadium Sales Quantity by Manufacturer (2018-2023)
3.2 Global Vanadium Revenue by Manufacturer (2018-2023)
3.3 Global Vanadium Average Price by Manufacturer (2018-2023)
3.4 Market Share Analysis (2022)
3.4.1 Producer Shipments of Vanadium by Manufacturer Revenue ($MM) and Market Share (%): 2022
3.4.2 Top 3 Vanadium Manufacturer Market Share in 2022
3.4.2 Top 6 Vanadium Manufacturer Market Share in 2022
3.5 Vanadium Market: Overall Company Footprint Analysis
3.5.1 Vanadium Market: Region Footprint
3.5.2 Vanadium Market: Company Product Type Footprint
3.5.3 Vanadium Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Vanadium Market Size by Region
4.1.1 Global Vanadium Sales Quantity by Region (2018-2029)
4.1.2 Global Vanadium Consumption Value by Region (2018-2029)
4.1.3 Global Vanadium Average Price by Region (2018-2029)
4.2 North America Vanadium Consumption Value (2018-2029)
4.3 Europe Vanadium Consumption Value (2018-2029)
4.4 Asia-Pacific Vanadium Consumption Value (2018-2029)
4.5 South America Vanadium Consumption Value (2018-2029)
4.6 Middle East and Africa Vanadium Consumption Value (2018-2029)
5 Market Segment by Type
5.1 Global Vanadium Sales Quantity by Type (2018-2029)
5.2 Global Vanadium Consumption Value by Type (2018-2029)
5.3 Global Vanadium Average Price by Type (2018-2029)
6 Market Segment by Application
6.1 Global Vanadium Sales Quantity by Application (2018-2029)
6.2 Global Vanadium Consumption Value by Application (2018-2029)
6.3 Global Vanadium Average Price by Application (2018-2029)
7 North America
7.1 North America Vanadium Sales Quantity by Type (2018-2029)
7.2 North America Vanadium Sales Quantity by Application (2018-2029)
7.3 North America Vanadium Market Size by Country
7.3.1 North America Vanadium Sales Quantity by Country (2018-2029)
7.3.2 North America Vanadium Consumption Value by Country (2018-2029)
7.3.3 United States Market Size and Forecast (2018-2029)
7.3.4 Canada Market Size and Forecast (2018-2029)
7.3.5 Mexico Market Size and Forecast (2018-2029)
8 Europe
8.1 Europe Vanadium Sales Quantity by Type (2018-2029)
8.2 Europe Vanadium Sales Quantity by Application (2018-2029)
8.3 Europe Vanadium Market Size by Country
8.3.1 Europe Vanadium Sales Quantity by Country (2018-2029)
8.3.2 Europe Vanadium Consumption Value by Country (2018-2029)
8.3.3 Germany Market Size and Forecast (2018-2029)
8.3.4 France Market Size and Forecast (2018-2029)
8.3.5 United Kingdom Market Size and Forecast (2018-2029)
8.3.6 Russia Market Size and Forecast (2018-2029)
8.3.7 Italy Market Size and Forecast (2018-2029)
9 Asia-Pacific
9.1 Asia-Pacific Vanadium Sales Quantity by Type (2018-2029)
9.2 Asia-Pacific Vanadium Sales Quantity by Application (2018-2029)
9.3 Asia-Pacific Vanadium Market Size by Region
9.3.1 Asia-Pacific Vanadium Sales Quantity by Region (2018-2029)
9.3.2 Asia-Pacific Vanadium Consumption Value by Region (2018-2029)
9.3.3 China Market Size and Forecast (2018-2029)
9.3.4 Japan Market Size and Forecast (2018-2029)
9.3.5 Korea Market Size and Forecast (2018-2029)
9.3.6 India Market Size and Forecast (2018-2029)
9.3.7 Southeast Asia Market Size and Forecast (2018-2029)
9.3.8 Australia Market Size and Forecast (2018-2029)
10 South America
10.1 South America Vanadium Sales Quantity by Type (2018-2029)
10.2 South America Vanadium Sales Quantity by Application (2018-2029)
10.3 South America Vanadium Market Size by Country
10.3.1 South America Vanadium Sales Quantity by Country (2018-2029)
10.3.2 South America Vanadium Consumption Value by Country (2018-2029)
10.3.3 Brazil Market Size and Forecast (2018-2029)
10.3.4 Argentina Market Size and Forecast (2018-2029)
11 Middle East & Africa
11.1 Middle East & Africa Vanadium Sales Quantity by Type (2018-2029)
11.2 Middle East & Africa Vanadium Sales Quantity by Application (2018-2029)
11.3 Middle East & Africa Vanadium Market Size by Country
11.3.1 Middle East & Africa Vanadium Sales Quantity by Country (2018-2029)
11.3.2 Middle East & Africa Vanadium Consumption Value by Country (2018-2029)
11.3.3 Turkey Market Size and Forecast (2018-2029)
11.3.4 Egypt Market Size and Forecast (2018-2029)
11.3.5 Saudi Arabia Market Size and Forecast (2018-2029)
11.3.6 South Africa Market Size and Forecast (2018-2029)
12 Market Dynamics
12.1 Vanadium Market Drivers
12.2 Vanadium Market Restraints
12.3 Vanadium Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
12.5 Influence of COVID-19 and Russia-Ukraine War
12.5.1 Influence of COVID-19
12.5.2 Influence of Russia-Ukraine War
13 Raw Material and Industry Chain
13.1 Raw Material of Vanadium and Key Manufacturers
13.2 Manufacturing Costs Percentage of Vanadium
13.3 Vanadium Production Process
13.4 Vanadium Industrial Chain
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Vanadium Typical Distributors
14.3 Vanadium Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer

Published By : GlobalInfoResearch

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