Market Overview:
The global high-purity vanadium oxide market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for high-purity vanadium oxide in various applications such as metallurgy, vanadium cell, catalyst, and others. In addition, the growing demand for renewable energy sources is also contributing to the growth of this market. However, fluctuations in prices of raw materials used in manufacturing high-purity vanadium oxide may restrain the growth of this market during the forecast period.
Product Definition:
High-purity vanadium oxide is a compound made up of vanadium and oxygen. It is used in various industrial applications, including as a catalyst, pigment, and refractory material. High-purity vanadium oxide is important because it can be used to produce other compounds that have valuable properties.
Purity
Purity (%) is a measure of the purity of the product. It does not necessarily mean 100% pure. For example, 99.9% means there is no chance of finding even one particle per million in a given sample. Purity levels below 0 are often called impurities and those above 99 are considered high-purity products or purified materials (or both).
99.6%≤Purity
99.6% purity or better known as 99.6% vanadium oxide is a form of vanadium metal that is produced in the laboratory for research purposes and has no industrial applications at present.
Application Insights:
Metallurgy application segment accounted for the largest share of over 40.0% in 2017. It is used as a strengthening agent in alloys to improve their mechanical properties and reduce weight, which further enhances the product consumption. High-purity vanadium oxide is used to produce high strength steel by improving its alloying elements such as carbon, manganese, and silicon content. This factor along with growing demand from construction industry will propel market growth during the forecast period.
Vanadium cell application segment was valued over USD 100 million in 2017 owing to rising demand for V2O5 from various end-use industries including power generation and fertilizers among others. The product has excellent electrochemical properties that make it suitable for use as an electrolyte material in vanadium redox batteries which are widely utilized across energy storage applications thus driving its consumption rate over projected period of time frame 2018 to 2030 ¢â‚¬Å“to infinity and beyond!.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to increasing vanadium consumption for producing high purity vanadium oxide as a byproduct of steel production, growing automotive industry, and expanding end-use industries such as electronics and energy sector in China, India, Japan, South Korea & Taiwan.
The European market was valued at USD X million in 2017 owing to rising demand for steel from various application sectors such as construction industry coupled with growth of automobile manufacturing industry particularly in Germany and Italy on account of favorable government policies regarding reduction or elimination of carbon emissions through substitution or enhancement of conventional fossil fuel based electricity generation sources with renewable energy sources such as wind turbines & solar panels which requires high-purity vanadium oxide used for manufacturing steel products.
Growth Factors:
- Increasing demand for vanadium oxide in various end-use industries such as energy, chemicals, and metallurgy is expected to drive the market growth.
- Growing demand for high-purity vanadium oxide from emerging economies is another key factor that would fuel the market growth in the coming years.
- Rising investments by leading players for expanding their production capacities is likely to propel the market growth over the forecast period.
- Technological advancements in manufacturing processes of high-purity vanadium oxide are projected to create new opportunities for market players in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
High-purity Vanadium Oxide Market Research Report
By Type
Purity<99.6%, 99.6%≤Purity<99.9%, Purity≥99.9%
By Application
Metallurgy, Vanadium Cell, Catalyst, Others
By Companies
EVRAZ, VanadiumCorp, HBIS Group, Ironstone Resources, Suzhou Donghua Fangui, GfE, Hunan Hanrui, Liaoyang Hengye, Huifeng Energy
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global High-purity Vanadium Oxide Market Report Segments:
The global High-purity Vanadium Oxide market is segmented on the basis of:
Types
Purity<99.6%, 99.6%≤Purity<99.9%, Purity≥99.9%
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
Metallurgy, Vanadium Cell, Catalyst, 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
- VanadiumCorp
- HBIS Group
- Ironstone Resources
- Suzhou Donghua Fangui
- GfE
- Hunan Hanrui
- Liaoyang Hengye
- Huifeng Energy
Highlights of The High-purity Vanadium Oxide 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:
- Purity<99.6%
- 99.6%≤Purity<99.9%
- Purity≥99.9%
- By Application:
- Metallurgy
- Vanadium Cell
- Catalyst
- 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 High-purity Vanadium Oxide 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- 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?
Vanadium oxide is a white, crystalline material that is used in various industrial and technological applications. It has a high purity level, making it an ideal choice for certain applications.
Some of the major players in the high-purity vanadium oxide market are EVRAZ, VanadiumCorp, HBIS Group, Ironstone Resources, Suzhou Donghua Fangui, GfE, Hunan Hanrui, Liaoyang Hengye, Huifeng Energy.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High-purity Vanadium Oxide 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 High-purity Vanadium Oxide Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 High-purity Vanadium Oxide 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 High-purity Vanadium Oxide 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 High-purity Vanadium Oxide Market Size & Forecast, 2020-2028 4.5.1 High-purity Vanadium Oxide Market Size and Y-o-Y Growth 4.5.2 High-purity Vanadium Oxide Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Purity<99.6%
5.2.2 99.6%≤Purity<99.9%
5.2.3 Purity≥99.9%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Metallurgy
6.2.2 Vanadium Cell
6.2.3 Catalyst
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-purity Vanadium Oxide 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 High-purity Vanadium Oxide 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Purity<99.6%
9.6.2 99.6%≤Purity<99.9%
9.6.3 Purity≥99.9%
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 Market Size Forecast by Applications
9.10.1 Metallurgy
9.10.2 Vanadium Cell
9.10.3 Catalyst
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Purity<99.6%
10.6.2 99.6%≤Purity<99.9%
10.6.3 Purity≥99.9%
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 Market Size Forecast by Applications
10.10.1 Metallurgy
10.10.2 Vanadium Cell
10.10.3 Catalyst
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Purity<99.6%
11.6.2 99.6%≤Purity<99.9%
11.6.3 Purity≥99.9%
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 Market Size Forecast by Applications
11.10.1 Metallurgy
11.10.2 Vanadium Cell
11.10.3 Catalyst
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Purity<99.6%
12.6.2 99.6%≤Purity<99.9%
12.6.3 Purity≥99.9%
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 Market Size Forecast by Applications
12.10.1 Metallurgy
12.10.2 Vanadium Cell
12.10.3 Catalyst
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Purity<99.6%
13.6.2 99.6%≤Purity<99.9%
13.6.3 Purity≥99.9%
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) Market Size Forecast by Applications
13.10.1 Metallurgy
13.10.2 Vanadium Cell
13.10.3 Catalyst
13.10.4 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 High-purity Vanadium Oxide Market: Competitive Dashboard
14.2 Global High-purity Vanadium Oxide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EVRAZ
14.3.2 VanadiumCorp
14.3.3 HBIS Group
14.3.4 Ironstone Resources
14.3.5 Suzhou Donghua Fangui
14.3.6 GfE
14.3.7 Hunan Hanrui
14.3.8 Liaoyang Hengye
14.3.9 Huifeng Energy