The global Vanadium (CAS 7440-62-2) market was valued at USD 4.37 billion in 2022 and is expected to reach USD 6.59 billion by the end of 2029, growing at a CAGR of 6.99% between 2023 and 2029.The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major global manufacturers of Vanadium include PGVT, Evraz, Beijing Jianlong, Treibacher Industrie, Chengyu, and etc. In 2022, the world’s top five vendors accounted for approximately 51.75% of the revenue.
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Report Scope
This report aims to provide a comprehensive presentation of the global market for Vanadium, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vanadium.
The Vanadium market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Vanadium market comprehensively. Regional market sizes, concerning products, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Vanadium manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Application, and by regions.
Segment by Application
- Steel Industry
- Chemical Industry
- Vanadium Alloys
- Energy Storage
- Others
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Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina, Colombia)
By Company
- Pangang Group Vanadium and Titanium Resources Co.,Ltd.
- Evraz
- Hesteel Group
- Beijing Jianlong Heavy Industry Group Co., Ltd.
- Treibacher Industrie
- Glencore
- Chengyu Vanadium & Titanium Technology Co., Ltd.
- Desheng Group
- Largo Inc.
- Bushveld Minerals
- Da Steel
- U.S. Vanadium
- Shaanxi Youser
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