Market Overview:
The global vanadium-titanium 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 vanadium-titanium alloys from the aerospace and airplane industries. In addition, the growing demand for high purity and low purity vanadium-titanium alloys from various end users is also propelling the growth of this market. However, fluctuating prices of vanadium may restrain the growth of this market to some extent during the forecast period. Based on type, high purity and low purity are two major segments in this market. High purity segment is expected to witness higher CAGR as compared to low purity segment during 2018-2030 owing to its superior properties such as light weight and corrosion resistance over other types of alloys available in the market. Low Purity segment held larger share in terms revenue contribution in 2017 due its lower cost as compared with high purities alloy products; however, it is anticipated that high purities will grow at a faster pace over next few years on account rising application potential across different industries including aerospace & defense sector where product reliability matters most .
Product Definition:
A vanadium-titanium alloy is a type of metal that is composed of the elements vanadium and titanium. This alloy has many important applications, including in the aerospace and automotive industries.
High Purity:
High purity is a term used to define materials or substances that contain greater than 99.999% of the desired substance. The desire substance can be a metal, element, compound or any other physical entity. In the case of metals and elements, high purity usually means that the percentage content of pure sample is more than 99.99%. For example; stainless steel contains iron (63%), chromium (36%) and nickel (6%).
Low Purity:
Low purity is a term used for metallic vanadium in combination with other metals such as titanium, niobium, columbium or hafnium. The most common low-purity alloys are VNbTi and VTT. Low-purity alloys have applications where high strength and corrosion resistance is required along with some specific properties like electrical resistivity or thermal conductivity.
Application Insights:
Aerospace was the largest application segment in 2017 and accounted for a market share of more than 45% by volume. The growth of this application segment is attributed to rising demand from commercial aviation, military aircraft, and helicopters. Other applications include automotive, marine and rail transport. Rising demand for lightweight vehicles is expected to propel vanadium-titanium alloy consumption in the automotive industry over the forecast period.
The product has several properties that make it suitable for use in aerospace applications including high strength; corrosion resistance; excellent machinability; good weldability; low shrinkage on quenching compared with other titanium alloys; high thermal conductivity when compared with other materials used as heat shields or insulation between different parts of an engine assembly (a known property as it provides better conduction of heat); ability to withstand higher temperatures without deforming or melting even at very high stress levels (a known property as it provides better toughness at elevated temperatures).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from China, India, Japan, South Korea and Taiwan.
The aerospace industry has witnessed significant growth over the past few years on account of increasing passenger traffic across various sectors such as low cost carrier (LCC), full fare fare airline (FFA) and others in developing countries including India, Indonesia & Thailand among others are anticipated to drive regional growth during the forecast period.
Growth Factors:
- Increasing demand for lightweight and high-strength materials in the aerospace and defense industries is expected to drive the growth of the vanadium-titanium alloy market.
- The growing popularity of electric vehicles is also anticipated to boost the demand for vanadium-titanium alloys, as these alloys are used in battery packs to improve performance and durability.
- Rising investments in infrastructure development projects are expected to create opportunities for vanadium-titanium alloy manufacturers worldwide.
- Growing awareness about the benefits of using vanadium-titanium alloys over traditional materials is projected to propel market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vanadium-titanium Alloy Market Research Report
By Type
High Purity, Low Purity
By Application
Aerospace, Airplane, Others
By Companies
Panzhihua Steel, NWME Group, American Elements, 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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Vanadium-titanium Alloy Market Report Segments:
The global Vanadium-titanium 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
- American Elements
- Xining Special Steel
- HBIS Co Ltd
- EVRAZ
- VanadiumCorp
- Ironstone Resources
- Suzhou Donghua Fangui
- GfE
- Hunan Hanrui
- Liaoyang Hengye
- Huifeng Energy
Highlights of The Vanadium-titanium 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-titanium 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-titanium alloy is a type of metal that is made up of vanadium and titanium. This alloy is strong and durable, making it a popular choice for products that require strength and durability.
Some of the key players operating in the vanadium-titanium alloy market are Panzhihua Steel, NWME Group, American Elements, Xining Special Steel, HBIS Co Ltd, EVRAZ, VanadiumCorp, Ironstone Resources, Suzhou Donghua Fangui, GfE, Hunan Hanrui, Liaoyang Hengye, Huifeng Energy.
The vanadium-titanium alloy market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vanadium-titanium 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-titanium Alloy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vanadium-titanium 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-titanium 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-titanium Alloy Market Size & Forecast, 2020-2028
4.5.1 Vanadium-titanium Alloy Market Size and Y-o-Y Growth
4.5.2 Vanadium-titanium 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-titanium 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-titanium 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-titanium Alloy Market: Competitive Dashboard
14.2 Global Vanadium-titanium 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 American Elements
14.3.4 Xining Special Steel
14.3.5 HBIS Co Ltd
14.3.6 EVRAZ
14.3.7 VanadiumCorp
14.3.8 Ironstone Resources
14.3.9 Suzhou Donghua Fangui
14.3.10 GfE
14.3.11 Hunan Hanrui
14.3.12 Liaoyang Hengye
14.3.13 Huifeng Energy
