Market Overview:
The global FeV alloy market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for FeV alloys in various end-use industries, such as construction, automotive and transportation, oil and gas, aerospace, and others. In terms of type, the vanadium content in FeV alloys is classified into three segments: 35%-48%, 48%-60%, and 70-85%. Among these types, the segment with a vanadium content of 48%-60% is expected to witness highest growth during the forecast period. This can be attributed to its properties such as high strength-to-weight ratio and corrosion resistance that make it suitable for use in various end-use industries.
Product Definition:
A ferrovanadium alloy is a type of alloy that contains vanadium and iron. It is used in making various types of steel, including stainless steel, tool steel, and high-speed steel.
Vanadium content: 35%-48%:
Vanadium content in ferroalloys is generally between 35% to 48%, it can be increased up to 59% for some special applications. Vanadium increases hardness and strength of the alloy, as well as improves wear resistance. It also helps in increasing energy absorption rate during impact events, which makes it suitable for use in high-performance applications such as body armor.
Vanadium content: 48%-60%:
Vanadium (V) is a chemical element that is native to the earth's surface and found in sulfide and oxide form. It was first discovered in 1803 by Swedish chemist Carl Wilhelm Scheele. Vanadium finds various applications such as it can be used for steelmaking, alloying with other metals, production of plastics, rubber processing, etc.
Application Insights:
The construction industry was the largest application segment in 2016, accounting for a market share of over 30% by volume. The growth can be attributed to increasing urbanization and industrial development in emerging economies such as India, China, Brazil and so on. In addition, rapid infrastructure development in countries like the U.S., UK and France is expected to fuel product demand over the forecast period.
The automotive & transportation application segment accounted for a significant market share of around 24% by volume in 2016 owing to rising demand from passenger cars as well as heavy vehicles such as trucks and buses. Increasing vehicle production across various regions including Asia Pacific are expected to drive product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia, Malaysia and Vietnam. Rapid industrialization coupled with increasing per capita income has resulted in an increased demand for automobiles across these developing countries. This trend is projected to continue over the next seven years thereby driving product demand from 2018 to 2030.
Europe accounted for a significant share of global revenue owing to high automotive production across major countries such as Germany and Italy as well as aerospace manufacturing in Russia and France among others.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for FeV alloys with high strength-to-weight ratios and corrosion resistance.
- Growing popularity of additive manufacturing (3D printing) technology, which is enabling the production of customized parts made from FeV alloys.
- Rising demand for lightweight materials in construction and other end-use applications to reduce energy consumption and greenhouse gas emissions.
- increasing use of ferrovanadium as a catalyst in chemical processes, especially in the production of fertilizer and petrochemicals products 5 Increased investment by manufacturers in research & development to develop new grades of ferrovanadium that meet specific application requirements
Scope Of The Report
Report Attributes
Report Details
Report Title
FeV Alloy Market Research Report
By Type
Vanadium content: 35%-48%, Vanadium content: 48%-60%, Vanadium content: 70-85%
By Application
Construction, Automotive and Transportation, Oil and Gas, Aerospace, Others
By Companies
Pangang, EVRAZ, HBIS Chengsteel, Jinzhou Xinwanbo, AMG, Taiyo Koko, JFE Material, Hickman,Williams & Co, Pangang
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global FeV Alloy Market Report Segments:
The global FeV Alloy market is segmented on the basis of:
Types
Vanadium content: 35%-48%, Vanadium content: 48%-60%, Vanadium content: 70-85%
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
Construction, Automotive and Transportation, Oil and Gas, Aerospace, 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:
- Pangang
- EVRAZ
- HBIS Chengsteel
- Jinzhou Xinwanbo
- AMG
- Taiyo Koko
- JFE Material
- Hickman,Williams & Co
- Pangang
Highlights of The FeV Alloy 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:
- Vanadium content: 35%-48%
- Vanadium content: 48%-60%
- Vanadium content: 70-85%
- By Application:
- Construction
- Automotive and Transportation
- Oil and Gas
- Aerospace
- 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 FeV Alloy 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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?
FeV Alloy is a type of alloy that is made up of iron and vanadium. It is often used in airbags, because it has a high resistance to corrosion.
Some of the major players in the fev alloy market are Pangang, EVRAZ, HBIS Chengsteel, Jinzhou Xinwanbo, AMG, Taiyo Koko, JFE Material, Hickman,Williams & Co, Pangang.
The fev alloy market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 FeV Alloy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 FeV Alloy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 FeV Alloy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the FeV Alloy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global FeV Alloy Market Size & Forecast, 2018-2028
4.5.1 FeV Alloy Market Size and Y-o-Y Growth
4.5.2 FeV Alloy Market Absolute $ Opportunity
Chapter 5 Global FeV Alloy Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 FeV Alloy Market Size Forecast by Type
5.2.1 Vanadium content: 35%-48%
5.2.2 Vanadium content: 48%-60%
5.2.3 Vanadium content: 70-85%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global FeV Alloy Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 FeV Alloy Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Automotive and Transportation
6.2.3 Oil and Gas
6.2.4 Aerospace
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global FeV Alloy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 FeV Alloy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America FeV Alloy Analysis and Forecast
9.1 Introduction
9.2 North America FeV Alloy Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America FeV Alloy Market Size Forecast by Type
9.6.1 Vanadium content: 35%-48%
9.6.2 Vanadium content: 48%-60%
9.6.3 Vanadium content: 70-85%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America FeV Alloy Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Automotive and Transportation
9.10.3 Oil and Gas
9.10.4 Aerospace
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe FeV Alloy Analysis and Forecast
10.1 Introduction
10.2 Europe FeV Alloy Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe FeV Alloy Market Size Forecast by Type
10.6.1 Vanadium content: 35%-48%
10.6.2 Vanadium content: 48%-60%
10.6.3 Vanadium content: 70-85%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe FeV Alloy Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Automotive and Transportation
10.10.3 Oil and Gas
10.10.4 Aerospace
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific FeV Alloy Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific FeV Alloy Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific FeV Alloy Market Size Forecast by Type
11.6.1 Vanadium content: 35%-48%
11.6.2 Vanadium content: 48%-60%
11.6.3 Vanadium content: 70-85%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific FeV Alloy Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Automotive and Transportation
11.10.3 Oil and Gas
11.10.4 Aerospace
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America FeV Alloy Analysis and Forecast
12.1 Introduction
12.2 Latin America FeV Alloy Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America FeV Alloy Market Size Forecast by Type
12.6.1 Vanadium content: 35%-48%
12.6.2 Vanadium content: 48%-60%
12.6.3 Vanadium content: 70-85%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America FeV Alloy Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Automotive and Transportation
12.10.3 Oil and Gas
12.10.4 Aerospace
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) FeV Alloy Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) FeV Alloy Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) FeV Alloy Market Size Forecast by Type
13.6.1 Vanadium content: 35%-48%
13.6.2 Vanadium content: 48%-60%
13.6.3 Vanadium content: 70-85%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) FeV Alloy Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Automotive and Transportation
13.10.3 Oil and Gas
13.10.4 Aerospace
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 FeV Alloy Market: Competitive Dashboard
14.2 Global FeV Alloy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pangang
14.3.2 EVRAZ
14.3.3 HBIS Chengsteel
14.3.4 Jinzhou Xinwanbo
14.3.5 AMG
14.3.6 Taiyo Koko
14.3.7 JFE Material
14.3.8 Hickman,Williams & Co
14.3.9 Pangang
