Scope of the Study
Vanadium, a chemical element with the symbol V, is used primarily in the production of steel alloys and a catalyst for the chemical industry. Vanadium-based alloys exhibit several attractive properties for the fusion environment. The majority of the vanadium produced in China, Russia, and South Africa. Although China is the leading producer of vanadium, the production has reduced from 45,000 MT to 43,000 MT in recent years.
The market study is being classified by Type (Ferrovanadium, Nitride Vanadium and Nitrate & Nitrite Vanadium), by Application (Automotive, Medical, Industrial, Consumer Applications and Other) and major geographies with country level break-up.
Australian Vanadium Limited (Australia), Hickman, Williams & Company (United States), Bushveld Minerals (South Africa), Tremond Metals Corp. (United States), Core Metals Group (United Arab Emirates), Gulf Chemical and Metallurgical Corporation (United States), Bear Metallurgical Company (United States), Atlantic Limited (Australia), Shenszhen Chinary Co.Ltd. (China), Jayesh Group (India) and AMG Advanced Metallurgical Group (The Netherlands) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Vanadium Alloy market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Vanadium Alloy market by Type, Application and Region.
On the basis of geography, the market of Vanadium Alloy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- The Chemical Properties of Vanadium
- Growth of Infrastructural Development in both Developing and Developed Economies
- Dramatic Fluctuations in Commodity Prices During the Recent Years
- Limited Investments in the Mining Sector
- Increasing Construction Industry in Various Geographic Regions such as Asia Pacific, Middle East, etc.
- Surging Automotive Sector in Developing Countries
- Difficulty in Extraction of Vanadium and Its Availability in a Limited Number of Countries
Market Leaders and their expansionary development strategies
In May 2019, Bushveld Minerals has made a conditional acquisition of Vanchem, a primary vanadium processing facility capable of producing various vanadium oxides, Ferrovanadium and vanadium chemicals. Vanchem is currently producing about 80 mtV per month (approximately 960 mtVp.a.) using one of three available kilns.
Key Target AudienceVanadium Alloy Manufacturers, Vanadium Mining Companies, Vanadium Alloy Exporters/Importers, Vanadium Alloy Distributors/Suppliers, Government Regulatory Bodies, End Users and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase