Market Overview:
The global zirconium-vanadium-iron alloy market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hydrogen storage, hydrogen getter, and battery alloys applications. Zirconium-vanadium-iron alloys are used in various end-use industries owing to their excellent properties such as high strength, toughness, and resistance to corrosion. These alloys are also used in medical implants and surgical instruments owing to their biocompatibility.
Product Definition:
A zirconium-vanadium-iron alloy is a metal alloy that contains zirconium, vanadium and iron. These three metals are all ferrous metals, meaning they contain iron. This alloy is often used to make tool steels, which are types of steel that are specifically designed for use in tools. Tool steels typically have higher levels of hardness and strength than other types of steel, making them better suited for use in tools that need to withstand high levels of wear and tear.
Diameter 4mm:
Diameter 4mm is a special type of steel that has four times the tensile strength of normal carbon steel and twice the yield strength. It also has half the elongation when bent, compared to carbon steel. Diameter 4mm can be used for applications where high yield stress is required but not in critical areas such as around fasteners or welds.
Diameter 6mm:
Diameter 6mm is a type of zirconium-vanadium-iron alloy and it's mainly used in the production of high temperature superalloys for gas turbine applications. The product has various properties such as corrosion resistance, hardness, strength, ductility & machinability. It also offers good casting characteristics and weld ability which makes it suitable to be used in the manufacturing of components that are to be installed/used at high temperatures or pressures.
Application Insights:
Battery alloys segment is expected to emerge as the fastest-growing application over the forecast period. The product has several advantages including high strength and corrosion resistance which are likely to propel its demand in battery applications. It is also used as a filler material in batteries of various sizes, ranging from small batteries for smartphones to large automotive batteries.
The hydrogen storage segment accounted for a significant market share and was valued at USD 56.0 million in 2017 owing to increasing demand for fuel cell vehicles across the globe. Hydrogen storage requires zirconium vanadium iron alloy with specific properties such as good welding ability, ductility, malleability and toughness at room temperature which makes it an ideal material for this application purpose.
Regional Analysis:
Asia Pacific was the largest market for global zirconium-vanadium-iron alloy in 2016 and accounted for a volume share of over 45%. The region is expected to continue its dominance over the forecast period. This can be attributed to growing automotive production, especially in China and India. Rising battery demand from portable electronics, electric vehicles, smartphones has also been fueling the growth of this market.
North America is projected to grow at a significant rate during the forecast period owing to increasing hydrogen storage applications across various industries including healthcare, transportation & logistics, power generation among others.
The European ZrVFe market is mainly driven by rising battery production capacity coupled with stringent government regulations regarding vehicular emissions particularly hydrocarbon emissions which are highly toxic.
Growth Factors:
- Increasing demand for zirconium-vanadium-iron alloy in the aerospace and defense industries due to its high strength-to-weight ratio and corrosion resistance properties.
- Growing demand for zirconium-vanadium-iron alloy from the automotive industry due to its superior mechanical properties.
- Rising demand for zirconium-vanadium-iron alloys from the construction industry as a result of increasing infrastructure development activities around the world.
- Growing popularity of zirconium vanadium iron alloys among consumers owing to their superior performance characteristics compared to other metals and alloys available in the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Zirconium-Vanadium-Iron Alloy Market Research Report
By Type
Diameter 4mm, Diameter 6mm, Diameter 10mm
By Application
Hydrogen Storage, Hydrogen Getter, Battery Alloys
By Companies
Treibacher, Getter Technologies International Inc, Jinzhou Haixin Metal Material, Stanford Advanced Materials
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Zirconium-Vanadium-Iron Alloy Market Report Segments:
The global Zirconium-Vanadium-Iron Alloy market is segmented on the basis of:
Types
Diameter 4mm, Diameter 6mm, Diameter 10mm
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
Hydrogen Storage, Hydrogen Getter, Battery Alloys
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:
- Treibacher
- Getter Technologies International Inc
- Jinzhou Haixin Metal Material
- Stanford Advanced Materials
Highlights of The Zirconium-Vanadium-Iron 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:
- Diameter 4mm
- Diameter 6mm
- Diameter 10mm
- By Application:
- Hydrogen Storage
- Hydrogen Getter
- Battery Alloys
- 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 Zirconium-Vanadium-Iron 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?
Zirconium-Vanadium-Iron Alloy is a type of alloy that is made up of zirconium, vanadium, and iron. This alloy is often used in aerospace and military applications because it has high strength and resistance to corrosion.
Some of the key players operating in the zirconium-vanadium-iron alloy market are Treibacher, Getter Technologies International Inc, Jinzhou Haixin Metal Material, Stanford Advanced Materials.
The zirconium-vanadium-iron alloy market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Zirconium-Vanadium-Iron Alloy 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. Zirconium-Vanadium-Iron Alloy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Zirconium-Vanadium-Iron Alloy Market - Supply Chain
4.5. Global Zirconium-Vanadium-Iron Alloy Market Forecast
4.5.1. Zirconium-Vanadium-Iron Alloy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Zirconium-Vanadium-Iron Alloy Market Size (000 Units) and Y-o-Y Growth
4.5.3. Zirconium-Vanadium-Iron Alloy Market Absolute $ Opportunity
5. Global Zirconium-Vanadium-Iron Alloy 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. Zirconium-Vanadium-Iron Alloy Market Size and Volume Forecast by Type
5.3.1. Diameter 4mm
5.3.2. Diameter 6mm
5.3.3. Diameter 10mm
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Zirconium-Vanadium-Iron Alloy 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. Zirconium-Vanadium-Iron Alloy Market Size and Volume Forecast by Application
6.3.1. Hydrogen Storage
6.3.2. Hydrogen Getter
6.3.3. Battery Alloys
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Zirconium-Vanadium-Iron Alloy 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. Zirconium-Vanadium-Iron Alloy 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 Zirconium-Vanadium-Iron Alloy 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. Zirconium-Vanadium-Iron Alloy 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 Zirconium-Vanadium-Iron Alloy Demand Share Forecast, 2019-2026
9. North America Zirconium-Vanadium-Iron Alloy 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 Zirconium-Vanadium-Iron Alloy 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 Zirconium-Vanadium-Iron Alloy Market Size and Volume Forecast by Application
9.4.1. Hydrogen Storage
9.4.2. Hydrogen Getter
9.4.3. Battery Alloys
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Zirconium-Vanadium-Iron Alloy Market Size and Volume Forecast by Type
9.7.1. Diameter 4mm
9.7.2. Diameter 6mm
9.7.3. Diameter 10mm
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 Zirconium-Vanadium-Iron Alloy Demand Share Forecast, 2019-2026
10. Latin America Zirconium-Vanadium-Iron Alloy 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 Zirconium-Vanadium-Iron Alloy 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 Zirconium-Vanadium-Iron Alloy Market Size and Volume Forecast by Application
10.4.1. Hydrogen Storage
10.4.2. Hydrogen Getter
10.4.3. Battery Alloys
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Zirconium-Vanadium-Iron Alloy Market Size and Volume Forecast by Type
10.7.1. Diameter 4mm
10.7.2. Diameter 6mm
10.7.3. Diameter 10mm
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 Zirconium-Vanadium-Iron Alloy Demand Share Forecast, 2019-2026
11. Europe Zirconium-Vanadium-Iron Alloy 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 Zirconium-Vanadium-Iron Alloy 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 Zirconium-Vanadium-Iron Alloy Market Size and Volume Forecast by Application
11.4.1. Hydrogen Storage
11.4.2. Hydrogen Getter
11.4.3. Battery Alloys
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Zirconium-Vanadium-Iron Alloy Market Size and Volume Forecast by Type
11.7.1. Diameter 4mm
11.7.2. Diameter 6mm
11.7.3. Diameter 10mm
11.8. BasisPoint 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 Zirconium-Vanadium-Iron Alloy Demand Share, 2019-2026
12. Asia Pacific Zirconium-Vanadium-Iron Alloy 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 Zirconium-Vanadium-Iron Alloy 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 Zirconium-Vanadium-Iron Alloy Market Size and Volume Forecast by Application
12.4.1. Hydrogen Storage
12.4.2. Hydrogen Getter
12.4.3. Battery Alloys
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Zirconium-Vanadium-Iron Alloy Market Size and Volume Forecast by Type
12.7.1. Diameter 4mm
12.7.2. Diameter 6mm
12.7.3. Diameter 10mm
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 Zirconium-Vanadium-Iron Alloy Demand Share, 2019-2026
13. Middle East & Africa Zirconium-Vanadium-Iron Alloy 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 Zirconium-Vanadium-Iron Alloy 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 Zirconium-Vanadium-Iron Alloy Market Size and Volume Forecast by Application
13.4.1. Hydrogen Storage
13.4.2. Hydrogen Getter
13.4.3. Battery Alloys
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Zirconium-Vanadium-Iron Alloy Market Size and Volume Forecast by Type
13.7.1. Diameter 4mm
13.7.2. Diameter 6mm
13.7.3. Diameter 10mm
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 Zirconium-Vanadium-Iron Alloy Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Zirconium-Vanadium-Iron Alloy Market: Market Share Analysis
14.2. Zirconium-Vanadium-Iron Alloy Distributors and Customers
14.3. Zirconium-Vanadium-Iron Alloy Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Treibacher
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Getter Technologies International Inc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Jinzhou Haixin Metal Material
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Stanford Advanced Materials
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
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
