The global ferrovanadium market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of the market can be attributed to the increasing demand for ferrovanadium in various applications such as aerospace, automotive and transportation, construction, oil and gas, industrial equipment. Ferrovanadium is used in various applications such as aerospace, automotive and transportation, construction, oil and gas and industrial equipment due to its high strength properties. The increasing demand for ferrovanadium in these applications is expected to drive the growth of this market during the forecast period. Ferrovanadium is a type of alloy that contains vanadium which has high strength properties than other alloys like steel or titanium alloys. It also has good corrosion resistance properties which makes it suitable for use in various industries such as aerospace industry where it can be used for manufacturing aircrafts or automobiles where it can be used for manufacturing vehicles with high strength requirements like trucks or buses. Ferrovanadium also finds application in construction industry where it can be used as reinforcement bars due to its corrosion resistance property which prevents rusting on steel structures like bridges or buildings that are exposed to water often. In addition, ferrovanatinum finds application in oil & gas industry where it can be used as an additive material that improves performance of drilling fluids by reducing friction between drill pipe and borehole wall while drilling process takes place; thereby improving efficiency of drilling process while reducing cost per barrel drilled (CPDB).
- The demand for ferrovanadium is expected to increase in the near future due to its use in the production of stainless steel.
- Ferrovanadium is used as a substitute for nickel and chromium, which are expensive metals that are used in stainless steel production.
- Ferrovanadium is also used as an alloying agent with other metals such as iron, copper, and aluminum to produce high-strength steels that can be heat-treated at higher temperatures than conventional steels.
- The price of ferrovanadium has been increasing over the past few years due to increased demand from China and India, which have been investing heavily in infrastructure projects such as railways and power plants that require large amounts of ferrovanadium for their construction materials.
- The price of ferrovanadium has also been increasing because it is difficult to extract from its ore deposits; this means that there will be a shortage of supply if prices continue to rise.
Industry Growth Insights published a new data on “Ferrovanadium Market”. The research report is titled “Ferrovanadium Market research by Types (FeV40, FeV50, FeV60, FeV80, Nitrided Ferrovanadium), By Applications (Aerospace, Automotive & Transportation, Construction, Oil & Gas, Industrial Equipment, Others), By Players/Companies EVRAZ plc, AMG Advanced Metallurgical Group, Bear Metallurgical Company, Treibacher Industrie AG, Reade International Corp, Masterloy Products Company, Hickman, Williams & Company, JINZHOU GUANGDA FERROALLOY, TAIYO KOKO, Woojin Industry, JAYESH GROUP, Pangang Group Vanadium Titanium & Resources, NTPF Etalon”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferrovanadium Market Research Report
By Type
FeV40, FeV50, FeV60, FeV80, Nitrided Ferrovanadium
By Application
Aerospace, Automotive & Transportation, Construction, Oil & Gas, Industrial Equipment, Others
By Companies
EVRAZ plc, AMG Advanced Metallurgical Group, Bear Metallurgical Company, Treibacher Industrie AG, Reade International Corp, Masterloy Products Company, Hickman, Williams & Company, JINZHOU GUANGDA FERROALLOY, TAIYO KOKO, Woojin Industry, JAYESH GROUP, Pangang Group Vanadium Titanium & Resources, NTPF Etalon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Ferrovanadium Market Report Segments:
The global Ferrovanadium market is segmented on the basis of:
Types
FeV40, FeV50, FeV60, FeV80, Nitrided Ferrovanadium
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Automotive & Transportation, Construction, Oil & Gas, Industrial Equipment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- EVRAZ plc
- AMG Advanced Metallurgical Group
- Bear Metallurgical Company
- Treibacher Industrie AG
- Reade International Corp
- Masterloy Products Company
- Hickman, Williams & Company
- JINZHOU GUANGDA FERROALLOY
- TAIYO KOKO
- Woojin Industry
- JAYESH GROUP
- Pangang Group Vanadium Titanium & Resources
- NTPF Etalon
Highlights of The Ferrovanadium Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- FeV40
- FeV50
- FeV60
- FeV80
- Nitrided Ferrovanadium
- By Application:
- Aerospace
- Automotive & Transportation
- Construction
- Oil & Gas
- Industrial Equipment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ferrovanadium Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ferrovanadium is a rare and expensive metal that is used in industrial applications. It has a high melting point and low reactivity, which makes it ideal for use in corrosion-resistant materials.
Some of the major companies in the ferrovanadium market are EVRAZ plc, AMG Advanced Metallurgical Group, Bear Metallurgical Company, Treibacher Industrie AG, Reade International Corp, Masterloy Products Company, Hickman, Williams & Company, JINZHOU GUANGDA FERROALLOY, TAIYO KOKO, Woojin Industry, JAYESH GROUP, Pangang Group Vanadium Titanium & Resources, NTPF Etalon.
The ferrovanadium market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ferrovanadium Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ferrovanadium Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ferrovanadium Market - Supply Chain
4.5. Global Ferrovanadium Market Forecast
4.5.1. Ferrovanadium Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ferrovanadium Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ferrovanadium Market Absolute $ Opportunity
5. Global Ferrovanadium Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ferrovanadium Market Size and Volume Forecast by Type
5.3.1. FeV40
5.3.2. FeV50
5.3.3. FeV60
5.3.4. FeV80
5.3.5. Nitrided Ferrovanadium
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ferrovanadium Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ferrovanadium Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Automotive & Transportation
6.3.3. Construction
6.3.4. Oil & Gas
6.3.5. Industrial Equipment
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ferrovanadium Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ferrovanadium Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ferrovanadium Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ferrovanadium Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ferrovanadium Demand Share Forecast, 2019-2026
9. North America Ferrovanadium Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ferrovanadium Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ferrovanadium Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Automotive & Transportation
9.4.3. Construction
9.4.4. Oil & Gas
9.4.5. Industrial Equipment
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ferrovanadium Market Size and Volume Forecast by Type
9.7.1. FeV40
9.7.2. FeV50
9.7.3. FeV60
9.7.4. FeV80
9.7.5. Nitrided Ferrovanadium
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ferrovanadium Demand Share Forecast, 2019-2026
10. Latin America Ferrovanadium Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ferrovanadium Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ferrovanadium Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Automotive & Transportation
10.4.3. Construction
10.4.4. Oil & Gas
10.4.5. Industrial Equipment
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ferrovanadium Market Size and Volume Forecast by Type
10.7.1. FeV40
10.7.2. FeV50
10.7.3. FeV60
10.7.4. FeV80
10.7.5. Nitrided Ferrovanadium
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ferrovanadium Demand Share Forecast, 2019-2026
11. Europe Ferrovanadium Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ferrovanadium Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ferrovanadium Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Automotive & Transportation
11.4.3. Construction
11.4.4. Oil & Gas
11.4.5. Industrial Equipment
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ferrovanadium Market Size and Volume Forecast by Type
11.7.1. FeV40
11.7.2. FeV50
11.7.3. FeV60
11.7.4. FeV80
11.7.5. Nitrided Ferrovanadium
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ferrovanadium Demand Share, 2019-2026
12. Asia Pacific Ferrovanadium Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ferrovanadium Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ferrovanadium Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Automotive & Transportation
12.4.3. Construction
12.4.4. Oil & Gas
12.4.5. Industrial Equipment
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ferrovanadium Market Size and Volume Forecast by Type
12.7.1. FeV40
12.7.2. FeV50
12.7.3. FeV60
12.7.4. FeV80
12.7.5. Nitrided Ferrovanadium
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ferrovanadium Demand Share, 2019-2026
13. Middle East & Africa Ferrovanadium Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ferrovanadium Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ferrovanadium Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Automotive & Transportation
13.4.3. Construction
13.4.4. Oil & Gas
13.4.5. Industrial Equipment
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ferrovanadium Market Size and Volume Forecast by Type
13.7.1. FeV40
13.7.2. FeV50
13.7.3. FeV60
13.7.4. FeV80
13.7.5. Nitrided Ferrovanadium
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ferrovanadium Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ferrovanadium Market: Market Share Analysis
14.2. Ferrovanadium Distributors and Customers
14.3. Ferrovanadium Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. EVRAZ plc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AMG Advanced Metallurgical Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bear Metallurgical Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Treibacher Industrie AG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Reade International Corp
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Masterloy Products Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hickman, Williams & Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. JINZHOU GUANGDA FERROALLOY
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TAIYO KOKO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Woojin Industry
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. JAYESH GROUP
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Pangang Group Vanadium Titanium & Resources
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. NTPF Etalon
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook