Market Overview:
The global high-purity vanadium pentoxide 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 vanadium pentoxide in various applications such as metallurgy, vanadium cell, catalyst, and others. In addition, the growing demand for high-purity vanadium pentoxide from emerging countries is also contributing to the growth of this market. However, fluctuations in prices of raw materials used in manufacturing high-purity vanadium pentoxide may restrain the growth of this market during the forecast period.
Product Definition:
High-purity Vanadium Pentoxide is a compound made up of vanadium and oxygen. It is used in the production of ceramics, glass, and other materials.
PurityBelow99.6%:
PurityBelow99.6% is a new term in the High-purity Vanadium Pentoxide market and it means that the product contains not more than 0.006% of moisture, dissolved oxygen, soluble impurities or other solid materials by weight. It has been used as an additive to steel making to improve its physical properties such as hardness and strength but also for other applications like paints & coatings where high quality is required along with durability and strength.
99.6%Less than or equal toPurityBelow99.9%:
It is a white powder, which has high thermal stability and electrical resistance. It can be used as an additive in various industries such as ceramics, plastics, rubber products and adhesives. 99.6% less than or equal to purity means that the percentage of impurities present in the product is below 0.4%.
Application Insights:
Metallurgy was the dominant application segment in terms of volume and revenue in 2017. High-purity vanadium pentoxide is used as a refractory material for manufacturing steel products. The increasing demand for steel from various industries such as construction, automotive, and energy is expected to drive the product consumption over the forecast period.
Vanadium cell is another prominent application of VOPO due to its rising use in fuel cells across various regions including Japan, China, South Korea, Taiwan and other countries in Asia Pacific region. The vanadium cell uses oxides of vanadium (VO2) as an electrochemical catalyst that helps reduce ¢â‚¬Å“carbon emissions; this factor is anticipated to increase product demand over the forecast period.
Regional Analysis:
Asia Pacific was the dominant regional segment in 2017 and accounted for over 45% of the global revenue share. The region is expected to continue its dominance over the forecast period owing to rising demand from end-use industries, such as metallurgy, automotive, and others. China is anticipated to remain a key consumer in Asia Pacific vanadium pentoxide market on account of rapid industrialization coupled with large scale investments by foreign players in this country.
North America emerged as the second largest regional segment followed by Europe owing to high purity vanadium oxide demand from countries such as U.S.
Growth Factors:
- Increasing demand for vanadium pentoxide in the production of various alloys and steels
- Growing use of vanadium pentoxide in chemical and catalytic applications
- Rising demand for high-purity vanadium pentoxide from the aerospace industry
- Increasing adoption of vanadium pentoxide as a catalyst in fuel cells
- Growing popularity of vanadium pentoxide nanoparticles for various industrial applications
Scope Of The Report
Report Attributes
Report Details
Report Title
High-purity Vanadium Pentoxide Market Research Report
By Type
PurityBelow99.6%, 99.6%Less than or equal toPurityBelow99.9%, PurityGreater than or equal to99.9%
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global High-purity Vanadium Pentoxide Market Report Segments:
The global High-purity Vanadium Pentoxide market is segmented on the basis of:
Types
PurityBelow99.6%, 99.6%Less than or equal toPurityBelow99.9%, PurityGreater than or equal to99.9%
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 Pentoxide 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:
- PurityBelow99.6%
- 99.6%Less than or equal toPurityBelow99.9%
- PurityGreater than or equal to99.9%
- 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 Pentoxide 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?
High-purity vanadium pentoxide is a white powder with a characteristic odor. It is used in the production of vanadium dioxide, which is an important pigment and catalyst.
Some of the key players operating in the high-purity vanadium pentoxide market are EVRAZ, VanadiumCorp, HBIS Group, Ironstone Resources, Suzhou Donghua Fangui, GfE, Hunan Hanrui, Liaoyang Hengye, Huifeng Energy.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High-purity Vanadium Pentoxide 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. High-purity Vanadium Pentoxide Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High-purity Vanadium Pentoxide Market - Supply Chain
4.5. Global High-purity Vanadium Pentoxide Market Forecast
4.5.1. High-purity Vanadium Pentoxide Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High-purity Vanadium Pentoxide Market Size (000 Units) and Y-o-Y Growth
4.5.3. High-purity Vanadium Pentoxide Market Absolute $ Opportunity
5. Global High-purity Vanadium Pentoxide 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. High-purity Vanadium Pentoxide Market Size and Volume Forecast by Type
5.3.1. PurityBelow99.6%
5.3.2. 99.6%Less than or equal toPurityBelow99.9%
5.3.3. PurityGreater than or equal to99.9%
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High-purity Vanadium Pentoxide 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. High-purity Vanadium Pentoxide Market Size and Volume Forecast by Application
6.3.1. Metallurgy
6.3.2. Vanadium Cell
6.3.3. Catalyst
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High-purity Vanadium Pentoxide 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. High-purity Vanadium Pentoxide 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 High-purity Vanadium Pentoxide 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. High-purity Vanadium Pentoxide 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 High-purity Vanadium Pentoxide Demand Share Forecast, 2019-2026
9. North America High-purity Vanadium Pentoxide 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 High-purity Vanadium Pentoxide 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 High-purity Vanadium Pentoxide Market Size and Volume Forecast by Application
9.4.1. Metallurgy
9.4.2. Vanadium Cell
9.4.3. Catalyst
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High-purity Vanadium Pentoxide Market Size and Volume Forecast by Type
9.7.1. PurityBelow99.6%
9.7.2. 99.6%Less than or equal toPurityBelow99.9%
9.7.3. PurityGreater than or equal to99.9%
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 High-purity Vanadium Pentoxide Demand Share Forecast, 2019-2026
10. Latin America High-purity Vanadium Pentoxide 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 High-purity Vanadium Pentoxide 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 High-purity Vanadium Pentoxide Market Size and Volume Forecast by Application
10.4.1. Metallurgy
10.4.2. Vanadium Cell
10.4.3. Catalyst
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High-purity Vanadium Pentoxide Market Size and Volume Forecast by Type
10.7.1. PurityBelow99.6%
10.7.2. 99.6%Less than or equal toPurityBelow99.9%
10.7.3. PurityGreater than or equal to99.9%
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 High-purity Vanadium Pentoxide Demand Share Forecast, 2019-2026
11. Europe High-purity Vanadium Pentoxide 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 High-purity Vanadium Pentoxide 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 High-purity Vanadium Pentoxide Market Size and Volume Forecast by Application
11.4.1. Metallurgy
11.4.2. Vanadium Cell
11.4.3. Catalyst
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High-purity Vanadium Pentoxide Market Size and Volume Forecast by Type
11.7.1. PurityBelow99.6%
11.7.2. 99.6%Less than or equl toPurityBelow99.9%
11.7.3. PurityGreater than or equal to99.9%
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 High-purity Vanadium Pentoxide Demand Share, 2019-2026
12. Asia Pacific High-purity Vanadium Pentoxide 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 High-purity Vanadium Pentoxide 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 High-purity Vanadium Pentoxide Market Size and Volume Forecast by Application
12.4.1. Metallurgy
12.4.2. Vanadium Cell
12.4.3. Catalyst
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High-purity Vanadium Pentoxide Market Size and Volume Forecast by Type
12.7.1. PurityBelow99.6%
12.7.2. 99.6%Less than or equal toPurityBelow99.9%
12.7.3. PurityGreater than or equal to99.9%
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 High-purity Vanadium Pentoxide Demand Share, 2019-2026
13. Middle East & Africa High-purity Vanadium Pentoxide 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 High-purity Vanadium Pentoxide 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 High-purity Vanadium Pentoxide Market Size and Volume Forecast by Application
13.4.1. Metallurgy
13.4.2. Vanadium Cell
13.4.3. Catalyst
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High-purity Vanadium Pentoxide Market Size and Volume Forecast by Type
13.7.1. PurityBelow99.6%
13.7.2. 99.6%Less than or equal toPurityBelow99.9%
13.7.3. PurityGreater than or equal to99.9%
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 High-purity Vanadium Pentoxide Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High-purity Vanadium Pentoxide Market: Market Share Analysis
14.2. High-purity Vanadium Pentoxide Distributors and Customers
14.3. High-purity Vanadium Pentoxide Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. EVRAZ
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. VanadiumCorp
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. HBIS Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ironstone Resources
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Suzhou Donghua Fangui
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GfE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hunan Hanrui
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Liaoyang Hengye
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Huifeng Energy
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
