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Synopsis
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.
The global Vanadium market was valued at US$ 4370.7 million in 2023 and is anticipated to reach US$ 6591 million by 2030, witnessing a CAGR of 7.0% during the forecast period 2024-2030.
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%.
This report aims to provide a comprehensive presentation of the global market for Vanadium, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vanadium.
Report Scope
The Vanadium market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Vanadium market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Vanadium manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company (Partial List)
- 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
Segment by Type
- Vanadium Titanium Magnetite
- Vanadium-containing Secondary Resource
- Vanadium Slag
Segment by Application
- Steel Industry
- Chemical Industry
- Vanadium Alloys
- Energy Storage
Production by Region
- China
- Europe
- North America
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Netherlands)
- Asia-Pacific (China, Japan, South Korea, China Taiwan, Southeast Asia, India)
- Latin America, Middle East & Africa (Latin America, Mexico, Brazil, Turkey)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Vanadium manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Vanadium by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Vanadium in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index
1 Vanadium Market Overview
1.1 Product Definition
1.2 Vanadium Segment by Type
1.2.1 Global Vanadium Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Vanadium Titanium Magnetite
1.2.3 Vanadium-containing Secondary Resource
1.2.4 Vanadium Slag
1.3 Vanadium Segment by Application
1.3.1 Global Vanadium Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Steel Industry
1.3.3 Chemical Industry
1.3.4 Vanadium Alloys
1.3.5 Energy Storage
1.4 Global Market Growth Prospects
1.4.1 Global Vanadium Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Vanadium Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Vanadium Production Estimates and Forecasts (2019-2030)
1.4.4 Global Vanadium Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Vanadium Production Market Share by Manufacturers (2019-2024)
2.2 Global Vanadium Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Vanadium, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Vanadium Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Vanadium Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Vanadium, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Vanadium, Product Offered and Application
2.8 Global Key Manufacturers of Vanadium, Date of Enter into This Industry
2.9 Vanadium Market Competitive Situation and Trends
2.9.1 Vanadium Market Concentration Rate
2.9.2 Global 5 and 10 Largest Vanadium Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Vanadium Production by Region
3.1 Global Vanadium Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Vanadium Production Value by Region (2019-2030)
3.2.1 Global Vanadium Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Vanadium by Region (2025-2030)
3.3 Global Vanadium Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Vanadium Production by Region (2019-2030)
3.4.1 Global Vanadium Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Vanadium by Region (2025-2030)
3.5 Global Vanadium Market Price Analysis by Region (2019-2024)
3.6 Global Vanadium Production and Value, Year-over-Year Growth
3.6.1 China Vanadium Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Vanadium Production Value Estimates and Forecasts (2019-2030)
3.6.3 North America Vanadium Production Value Estimates and Forecasts (2019-2030)
4 Vanadium Consumption by Region
4.1 Global Vanadium Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Vanadium Consumption by Region (2019-2030)
4.2.1 Global Vanadium Consumption by Region (2019-2024)
4.2.2 Global Vanadium Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Vanadium Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Vanadium Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Vanadium Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Vanadium Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Vanadium Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Vanadium Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Vanadium Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Vanadium Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Vanadium Production by Type (2019-2030)
5.1.1 Global Vanadium Production by Type (2019-2024)
5.1.2 Global Vanadium Production by Type (2025-2030)
5.1.3 Global Vanadium Production Market Share by Type (2019-2030)
5.2 Global Vanadium Production Value by Type (2019-2030)
5.2.1 Global Vanadium Production Value by Type (2019-2024)
5.2.2 Global Vanadium Production Value by Type (2025-2030)
5.2.3 Global Vanadium Production Value Market Share by Type (2019-2030)
5.3 Global Vanadium Price by Type (2019-2030)
6 Segment by Application
6.1 Global Vanadium Production by Application (2019-2030)
6.1.1 Global Vanadium Production by Application (2019-2024)
6.1.2 Global Vanadium Production by Application (2025-2030)
6.1.3 Global Vanadium Production Market Share by Application (2019-2030)
6.2 Global Vanadium Production Value by Application (2019-2030)
6.2.1 Global Vanadium Production Value by Application (2019-2024)
6.2.2 Global Vanadium Production Value by Application (2025-2030)
6.2.3 Global Vanadium Production Value Market Share by Application (2019-2030)
6.3 Global Vanadium Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Pangang Group Vanadium and Titanium Resources Co.,Ltd.
7.1.1 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Vanadium Corporation Information
7.1.2 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Vanadium Product Portfolio
7.1.3 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Vanadium Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Main Business and Markets Served
7.1.5 Pangang Group Vanadium and Titanium Resources Co.,Ltd. Recent Developments/Updates
7.2 Evraz
7.2.1 Evraz Vanadium Corporation Information
7.2.2 Evraz Vanadium Product Portfolio
7.2.3 Evraz Vanadium Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Evraz Main Business and Markets Served
7.2.5 Evraz Recent Developments/Updates
7.3 Hesteel Group
7.3.1 Hesteel Group Vanadium Corporation Information
7.3.2 Hesteel Group Vanadium Product Portfolio
7.3.3 Hesteel Group Vanadium Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Hesteel Group Main Business and Markets Served
7.3.5 Hesteel Group Recent Developments/Updates
7.4 Beijing Jianlong Heavy Industry Group Co., Ltd.
7.4.1 Beijing Jianlong Heavy Industry Group Co., Ltd. Vanadium Corporation Information
7.4.2 Beijing Jianlong Heavy Industry Group Co., Ltd. Vanadium Product Portfolio
7.4.3 Beijing Jianlong Heavy Industry Group Co., Ltd. Vanadium Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Beijing Jianlong Heavy Industry Group Co., Ltd. Main Business and Markets Served
7.4.5 Beijing Jianlong Heavy Industry Group Co., Ltd. Recent Developments/Updates
7.5 Treibacher Industrie
7.5.1 Treibacher Industrie Vanadium Corporation Information
7.5.2 Treibacher Industrie Vanadium Product Portfolio
7.5.3 Treibacher Industrie Vanadium Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Treibacher Industrie Main Business and Markets Served
7.5.5 Treibacher Industrie Recent Developments/Updates
7.6 Glencore
7.6.1 Glencore Vanadium Corporation Information
7.6.2 Glencore Vanadium Product Portfolio
7.6.3 Glencore Vanadium Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Glencore Main Business and Markets Served
7.6.5 Glencore Recent Developments/Updates
7.7 Chengyu Vanadium & Titanium Technology Co., Ltd.
7.7.1 Chengyu Vanadium & Titanium Technology Co., Ltd. Vanadium Corporation Information
7.7.2 Chengyu Vanadium & Titanium Technology Co., Ltd. Vanadium Product Portfolio
7.7.3 Chengyu Vanadium & Titanium Technology Co., Ltd. Vanadium Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Chengyu Vanadium & Titanium Technology Co., Ltd. Main Business and Markets Served
7.7.5 Chengyu Vanadium & Titanium Technology Co., Ltd. Recent Developments/Updates
7.8 Desheng Group
7.8.1 Desheng Group Vanadium Corporation Information
7.8.2 Desheng Group Vanadium Product Portfolio
7.8.3 Desheng Group Vanadium Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Desheng Group Main Business and Markets Served
7.7.5 Desheng Group Recent Developments/Updates
7.9 Largo Inc.
7.9.1 Largo Inc. Vanadium Corporation Information
7.9.2 Largo Inc. Vanadium Product Portfolio
7.9.3 Largo Inc. Vanadium Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Largo Inc. Main Business and Markets Served
7.9.5 Largo Inc. Recent Developments/Updates
7.10 Bushveld Minerals
7.10.1 Bushveld Minerals Vanadium Corporation Information
7.10.2 Bushveld Minerals Vanadium Product Portfolio
7.10.3 Bushveld Minerals Vanadium Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Bushveld Minerals Main Business and Markets Served
7.10.5 Bushveld Minerals Recent Developments/Updates
7.11 Da Steel
7.11.1 Da Steel Vanadium Corporation Information
7.11.2 Da Steel Vanadium Product Portfolio
7.11.3 Da Steel Vanadium Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Da Steel Main Business and Markets Served
7.11.5 Da Steel Recent Developments/Updates
7.12 U.S. Vanadium
7.12.1 U.S. Vanadium Vanadium Corporation Information
7.12.2 U.S. Vanadium Vanadium Product Portfolio
7.12.3 U.S. Vanadium Vanadium Production, Value, Price and Gross Margin (2019-2024)
7.12.4 U.S. Vanadium Main Business and Markets Served
7.12.5 U.S. Vanadium Recent Developments/Updates
7.13 Shaanxi Youser
7.13.1 Shaanxi Youser Vanadium Corporation Information
7.13.2 Shaanxi Youser Vanadium Product Portfolio
7.13.3 Shaanxi Youser Vanadium Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Shaanxi Youser Main Business and Markets Served
7.13.5 Shaanxi Youser Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Vanadium Industry Chain Analysis
8.2 Vanadium Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Vanadium Production Mode & Process
8.4 Vanadium Sales and Marketing
8.4.1 Vanadium Sales Channels
8.4.2 Vanadium Distributors
8.5 Vanadium Customers
9 Vanadium Market Dynamics
9.1 Vanadium Industry Trends
9.2 Vanadium Market Drivers
9.3 Vanadium Market Challenges
9.4 Vanadium Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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