Market Overview:
The global vanadium-aluminium alloy market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for lightweight alloys in aerospace and transportation applications. In addition, the growing demand for vanadium-aluminium alloys from emerging economies is also contributing to the market growth. However, volatility in prices of vanadium and aluminium may restrain the market growth during the forecast period. Based on type, high purity segment is expected to account for a major share of the global vanadium-aluminium alloy market during 2018-2030. This can be attributed to its superior properties such as high strength and stiffness coupled with low weight as compared to other metals used in manufacturing lightweight alloys such as titanium and magnesium alloys.
Product Definition:
A vanadium-aluminium alloy is a type of metal alloy that contains both vanadium and aluminium. These alloys are typically used in high-strength, low-weight applications, such as in the aerospace and automotive industries. Vanadium-aluminium alloys are also often used in marine applications, where corrosion resistance is important.
High Purity:
High purity is a term used for materials that contain more than 99.999% of the desired substance. The desire substance can be a metal or a compound and it is measured by different methods to obtain different results. For example, in the case of metals, we use an X-ray method to determine their percentage composition and in the case of compounds, we use infrared spectroscopy or other physical methods like melting point etc.
Low Purity:
Low purity is a term used for referring to the amount of impurities present in an alloy. The more pure an alloy is, the lower its content of contaminants and elements like iron, magnesium, silicon and carbon. Low-purity alloys are used in applications where high-purity materials are required such as electrical contacts on account of their low carbon content which makes them suitable for use in high voltage circuits.
Application Insights:
Aerospace was the largest application segment in 2017 and is projected to witness a CAGR of XX% from 2018 to 2030. Rising use of vanadium-based alloys in manufacturing aircraft components such as landing gear doors, leading and trailing edge flaps, airframe strengthening webbing is expected to drive the market over the forecast period.
Vanadium-aluminium alloy finds applications in various other industries including energy, transportation & logistics, construction materials and healthcare among others owing to its high corrosion resistance properties which make it suitable for manufacturing infrastructure facilities such as water treatment plants located near bodies of water. The product also has excellent heat transfer properties which aid its use as an effective medium for heat exchangers used across various end-use industries including oil & gas among others.
Regional Analysis:
Asia Pacific accounted for the largest volume share of over 40% in 2017. The region is expected to witness significant growth on account of rising product demand from key sectors including aerospace and automobile. In addition, growing construction activities in emerging economies are anticipated to fuel vanadium-aluminium alloy market growth over the forecast period.
North America emerged as the second-largest consumer due to high purity grade products being used for producing batteries and other critical components such as power plants, automobiles, wind turbines etc., Henceforth; North America is likely to be a major consumer owing vanadium content that's considerably higher than its competitors across the globe.
Latin America has witnessed an increasing number of investments by multinational companies leading to increased production levels across several industries including automotive.
Growth Factors:
- Increasing demand for lightweight and high-strength materials in automotive and aerospace industries
- Growing popularity of vanadium-aluminium alloys in energy storage applications
- Rising investment in research and development activities for vanadium-aluminium alloys technology
- Increasing use of vanadium-aluminium alloys in construction and infrastructure projects
- Growing demand from emerging economies for high-performance materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Vanadium-aluminium Alloy Market Research Report
By Type
High Purity, Low Purity
By Application
Aerospace, Airplane, Others
By Companies
Panzhihua Steel, NWME Group, Xining Special Steel, HBIS Co Ltd, EVRAZ, VanadiumCorp, 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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Vanadium-aluminium Alloy Market Report Segments:
The global Vanadium-aluminium Alloy market is segmented on the basis of:
Types
High Purity, Low Purity
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, Airplane, 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:
- Panzhihua Steel
- NWME Group
- Xining Special Steel
- HBIS Co Ltd
- EVRAZ
- VanadiumCorp
- Ironstone Resources
- Suzhou Donghua Fangui
- GfE
- Hunan Hanrui
- Liaoyang Hengye
- Huifeng Energy
Highlights of The Vanadium-aluminium 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:
- High Purity
- Low Purity
- By Application:
- Aerospace
- Airplane
- 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 Vanadium-aluminium 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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-aluminium alloy is a type of alloy that is made up of vanadium and aluminium. This alloy can be used in a variety of applications, including aerospace, automotive, and military equipment.
Some of the major companies in the vanadium-aluminium alloy market are Panzhihua Steel, NWME Group, Xining Special Steel, HBIS Co Ltd, EVRAZ, VanadiumCorp, Ironstone Resources, Suzhou Donghua Fangui, GfE, Hunan Hanrui, Liaoyang Hengye, Huifeng Energy.
The vanadium-aluminium alloy market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vanadium-aluminium 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 Vanadium-aluminium Alloy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vanadium-aluminium 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 Vanadium-aluminium 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 Vanadium-aluminium Alloy Market Size & Forecast, 2020-2028
4.5.1 Vanadium-aluminium Alloy Market Size and Y-o-Y Growth
4.5.2 Vanadium-aluminium Alloy 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 High Purity
5.2.2 Low Purity
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 Aerospace
6.2.2 Airplane
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vanadium-aluminium 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 Vanadium-aluminium 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 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 High Purity
9.6.2 Low Purity
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 Aerospace
9.10.2 Airplane
9.10.3 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 High Purity
10.6.2 Low Purity
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 Aerospace
10.10.2 Airplane
10.10.3 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 High Purity
11.6.2 Low Purity
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 Aerospace
11.10.2 Airplane
11.10.3 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 High Purity
12.6.2 Low Purity
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 Aerospace
12.10.2 Airplane
12.10.3 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 High Purity
13.6.2 Low Purity
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 Aerospace
13.10.2 Airplane
13.10.3 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 Vanadium-aluminium Alloy Market: Competitive Dashboard
14.2 Global Vanadium-aluminium Alloy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panzhihua Steel
14.3.2 NWME Group
14.3.3 Xining Special Steel
14.3.4 HBIS Co Ltd
14.3.5 EVRAZ
14.3.6 VanadiumCorp
14.3.7 Ironstone Resources
14.3.8 Suzhou Donghua Fangui
14.3.9 GfE
14.3.10 Hunan Hanrui
14.3.11 Liaoyang Hengye
14.3.12 Huifeng Energy
