Market Overview:
The global vanadium target market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for vanadium from various end-use industries, such as the display industry, solar energy industry, automobile industry and others. In terms of type, the plane target segment is expected to lead the global vanadium target market during the forecast period. This can be attributed to its properties such as high purity and good machinability. In terms of application, the display industry segment is projected to lead the global vanadium target market during 2018-2030.
Product Definition:
A Vanadium Target is a substance that is used to direct the flow of electrons in a semiconductor device. The importance of Vanadium Targets lies in their ability to improve the efficiency and performance of semiconductor devices.
Plane Target:
Plane target is a term used in the Vanadium market for a type of mineral surface that can be extracted from the ground. It has different faces parallel to its long axis and these faces are at 90 degree angles to each other. The material present on these surfaces can easily be mined and removed by using conventional mining techniques like open-pit mining, underground mining or even placer (mineral vein) Mining.
Rotating Target:
Rotating target is a technique used in the Vanadium market to identify and monitor changes in key operating parameters such as temperature, pressure, and flow rate. It helps optimize the production process by providing real-time data on each of these parameters.
The rotating target concept was developed at UOP for monitoring processes such as fluidized bed reactors (FBR), which are widely used for vanadium production.
Application Insights:
The display industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The rising demand for electronic devices, particularly smartphones has been fueling product demand in this application. Rising use of vanadium steel targets in displays on account of its high conductivity is anticipated to drive product demand further.
Rising use of vanadium steel targets by automobile manufacturers owing to its lightweight properties and ability to reduce vehicular weight has been a major factor driving market growth over the recent past. Moreover, growing automotive production across emerging economies such as India & China is likely to augment industry expansion 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 accounted for a share of more than 60% of total volume in 2017 owing to high demand from various end-use industries, such as solar energy, automobile, and display industry. China is estimated to be one of the major consumers due to increasing production levels across several sectors including consumer electronics, transportation equipment and vehicles along with growing construction activities.
The U.S., being a developed economy has witnessed an increase in per capita income levels which has resulted into higher disposable incomes among individuals driving growth across several applications within automotive sector as well as other end-use industries such as medical devices & LEDs lighting fixtures among others). Moreover, rising awareness regarding health benefits associated with vanadium targets coupled with growing R&D initiatives by key players are expected fuel further growth over the next eight years (2030).
Growth Factors:
- Increasing demand from the steel and automotive industries
- Growing use of vanadium in energy storage applications
- Vanadium redox flow batteries becoming more popular
- Rising prices for vanadium pentoxide and other vanadium products
- More companies investing in vanadium exploration and development
Scope Of The Report
Report Attributes
Report Details
Report Title
Vanadium Target Market Research Report
By Type
Plane Target, Rotating Target
By Application
Display Industry, Solar Energy Industry, Automobile Industry, Other
By Companies
Lesker, SAM, Nexteck, ZNXC, Beijing Guanli, Kaize Metals, E-light, German tech, Beijing Scistar Technology, FDC, VanadiumCorp, NICKEL ALLOY, JINXING METAL
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Vanadium Target Market Report Segments:
The global Vanadium Target market is segmented on the basis of:
Types
Plane Target, Rotating Target
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
Display Industry, Solar Energy Industry, Automobile Industry, Other
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:
- Lesker
- SAM
- Nexteck
- ZNXC
- Beijing Guanli
- Kaize Metals
- E-light
- German tech
- Beijing Scistar Technology
- FDC
- VanadiumCorp
- NICKEL ALLOY
- JINXING METAL
Highlights of The Vanadium Target 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:
- Plane Target
- Rotating Target
- By Application:
- Display Industry
- Solar Energy Industry
- Automobile Industry
- Other
- 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 Target 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 Target is a company that manufactures vanadium-based materials and products.
Some of the key players operating in the vanadium target market are Lesker, SAM, Nexteck, ZNXC, Beijing Guanli, Kaize Metals, E-light, German tech, Beijing Scistar Technology, FDC, VanadiumCorp, NICKEL ALLOY, JINXING METAL.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vanadium Target 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. Vanadium Target Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vanadium Target Market - Supply Chain
4.5. Global Vanadium Target Market Forecast
4.5.1. Vanadium Target Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vanadium Target Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vanadium Target Market Absolute $ Opportunity
5. Global Vanadium Target 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. Vanadium Target Market Size and Volume Forecast by Type
5.3.1. Plane Target
5.3.2. Rotating Target
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vanadium Target 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. Vanadium Target Market Size and Volume Forecast by Application
6.3.1. Display Industry
6.3.2. Solar Energy Industry
6.3.3. Automobile Industry
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vanadium Target 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. Vanadium Target 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 Vanadium Target 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. Vanadium Target 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 Vanadium Target Demand Share Forecast, 2019-2026
9. North America Vanadium Target 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 Vanadium Target 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 Vanadium Target Market Size and Volume Forecast by Application
9.4.1. Display Industry
9.4.2. Solar Energy Industry
9.4.3. Automobile Industry
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vanadium Target Market Size and Volume Forecast by Type
9.7.1. Plane Target
9.7.2. Rotating Target
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 Vanadium Target Demand Share Forecast, 2019-2026
10. Latin America Vanadium Target 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 Vanadium Target 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 Vanadium Target Market Size and Volume Forecast by Application
10.4.1. Display Industry
10.4.2. Solar Energy Industry
10.4.3. Automobile Industry
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vanadium Target Market Size and Volume Forecast by Type
10.7.1. Plane Target
10.7.2. Rotating Target
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 Vanadium Target Demand Share Forecast, 2019-2026
11. Europe Vanadium Target 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 Vanadium Target 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 Vanadium Target Market Size and Volume Forecast by Application
11.4.1. Display Industry
11.4.2. Solar Energy Industry
11.4.3. Automobile Industry
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vanadium Target Market Size and Volume Forecast by Type
11.7.1. Plane Target
11.7.2. Rotating Target
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 Vanadium Target Demand Share, 2019-2026
12. Asia Pacific Vanadium Target 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 Vanadium Target 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 Vanadium Target Market Size and Volume Forecast by Application
12.4.1. Display Industry
12.4.2. Solar Energy Industry
12.4.3. Automobile Industry
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vanadium Target Market Size and Volume Forecast by Type
12.7.1. Plane Target
12.7.2. Rotating Target
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 Vanadium Target Demand Share, 2019-2026
13. Middle East & Africa Vanadium Target 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 Vanadium Target 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 Vanadium Target Market Size and Volume Forecast by Application
13.4.1. Display Industry
13.4.2. Solar Energy Industry
13.4.3. Automobile Industry
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vanadium Target Market Size and Volume Forecast by Type
13.7.1. Plane Target
13.7.2. Rotating Target
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 Vanadium Target Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vanadium Target Market: Market Share Analysis
14.2. Vanadium Target Distributors and Customers
14.3. Vanadium Target Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Lesker
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SAM
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nexteck
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ZNXC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Beijing Guanli
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kaize Metals
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. E-light
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. German tech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Beijing Scistar Technology
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. FDC
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. VanadiumCorp
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. NICKEL ALLOY
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. JINXING METAL
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
