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PUBLISHER: Grand View Research | PRODUCT CODE: 1575053
PUBLISHER: Grand View Research | PRODUCT CODE: 1575053
Vanadium Market Size, Share & Trends Analysis Report By Application (Steel, Non-ferrous Alloys, Chemicals, Energy Storage), By Region (North America, Asia Pacific, Europe, Central & South America), And Segment Forecasts, 2024 - 2030
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PAGES: 95 Pages
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"2030 vanadium market value to reach USD 3.28 billion."
Vanadium Market Size & Trends:
The global vanadium market size was estimated at USD 2.73 billion in 2023 and is estimated to grow at a CAGR of 3.0% from 2024 to 2030. Growing crude steel production on account of demand from construction, automotive, machinery, and transportation industries is expected to fuel the demand for vanadium over the coming years.
Vanadium is primarily used as an alloy in steel manufacturing, where it increases the strength, toughness, and wear resistance of steel. The global demand for high-strength steel in the construction, automotive, and aerospace sectors is on the rise, driving the demand for vanadium. As countries and companies invest in infrastructure and manufacturing, demand for vanadium is expected to observe growth. For instance, as reported by the World Steel Association, global crude steel production reached 1,892.6 million tons in 2023 from 1,878.6 million tons in 2019.
Vanadium Market Report Segmentation
This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global vanadium market report on the basis of application, and region.
- Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Steel
- Non-Ferrous Alloys
- Chemicals
- Energy Storage
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America
- Brazil
- Middle East & Africa
Product Code: GVR-4-68040-456-4
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.3. Manufacturing & Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Industry Trends
- 3.5.4.1. ESG Analysis
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Vanadium Market: Application Estimates & Trend Analysis
- 4.1. Vanadium Market: Application Movement Analysis, 2023 & 2030
- 4.2. Steel
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3. Non-Ferrous Alloys
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Chemicals
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.5. Energy Storage
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Vanadium Market: Regional Estimates & Trend Analysis
- 5.1. Regional Analysis, 2023 & 2030
- 5.2. North America
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.3. U.S.
- 5.2.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.4. Canada
- 5.2.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.4.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.5. Mexico
- 5.2.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.5.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.3. Europe
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.3. Germany
- 5.3.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.4. UK
- 5.3.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.4.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.5. Russia
- 5.3.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.5.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Asia Pacific
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.3. China
- 5.4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.4. India
- 5.4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.4.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.5. Japan
- 5.4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.5.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.6. South Korea
- 5.4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.6.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
- 5.5. Central & South America
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.3. Brazil
- 5.5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Middle East & Africa
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company Categorization
- 6.3. Heat Map Analysis
- 6.4. Vendor Landscape
- 6.4.1. List of Raw Material Suppliers
- 6.4.2. List of Distributors
- 6.4.3. List of Other Prominent Manufacturers
- 6.5. List of Prospective End Users
- 6.6. Strategy Mapping
- 6.7. Company Profiles/Listing
- 6.7.1. AMG
- 6.7.1.1. Company Overview
- 6.7.1.2. Financial Performance
- 6.7.1.3. Product Benchmarking
- 6.7.2. Aura Energy Ltd
- 6.7.2.1. Company Overview
- 6.7.2.2. Financial Performance
- 6.7.2.3. Product Benchmarking
- 6.7.3. HBIS Group
- 6.7.3.1. Company Overview
- 6.7.3.2. Financial Performance
- 6.7.3.3. Product Benchmarking
- 6.7.4. Glencore
- 6.7.4.1. Company Overview
- 6.7.4.2. Financial Performance
- 6.7.4.3. Product Benchmarking
- 6.7.5. Largo Inc.
- 6.7.5.1. Company Overview
- 6.7.5.2. Financial Performance
- 6.7.5.3. Product Benchmarking
- 6.7.6. EVRAZ plc
- 6.7.6.1. Company Overview
- 6.7.6.2. Financial Performance
- 6.7.6.3. Product Benchmarking
- 6.7.7. Australian Vanadium Limited
- 6.7.7.1. Company Overview
- 6.7.7.2. Financial Performance
- 6.7.7.3. Product Benchmarking
- 6.7.8. Bushveld Minerals
- 6.7.8.1. Company Overview
- 6.7.8.2. Financial Performance
- 6.7.8.3. Product Benchmarking
- 6.7.9. Pangang Group Vanadium and Titanium Resources Co., Ltd.
- 6.7.9.1. Company Overview
- 6.7.9.2. Financial Performance
- 6.7.9.3. Product Benchmarking
- 6.7.10. Vanadium Resources Limited
- 6.7.10.1. Company Overview
- 6.7.10.2. Financial Performance
- 6.7.10.3. Product Benchmarking
- 6.7.1. AMG
Product Code: GVR-4-68040-456-4
List of Tables
- TABLE 1 Vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 2 Vanadium market estimates and forecasts, in steel, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 3 Vanadium market estimates and forecasts, in non-ferrous alloys, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 4 Vanadium market estimates and forecasts, in chemicals, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 5 Vanadium market estimates and forecasts, in energy storage, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 6 North America vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 7 North America vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 8 North America vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 9 U.S. vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 10 U.S. vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 11 U.S. vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 12 Canada vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 13 Canada vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 14 Canada vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 15 Mexico vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 16 Mexico vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 17 Mexico vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 18 Europe vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 19 Europe vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 20 Europe vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 21 Germany vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 22 Germany vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 23 Germany vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 24 UK vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 25 UK vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 26 UK vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 27 Russia vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 28 Russia vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 29 Russia vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 30 Italy vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 31 Italy vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 32 Italy vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 33 Asia Pacific vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 34 Asia Pacific vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 35 Asia Pacific vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 36 China vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 37 China vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 38 China vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 39 India vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 40 India vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 41 India vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 42 Japan vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 43 Japan vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 44 Japan vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 45 Central & South America vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 46 South Korea vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 47 South Korea vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 48 South Korea vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 49 Central & South America vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 50 Central & South America vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 51 Brazil vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 52 Brazil vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 53 Brazil vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- TABLE 54 Middle East vanadium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 55 Middle East & Africa vanadium market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- TABLE 56 Middle East & Africa vanadium market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
List of Figures
- Fig 1. Market segmentation
- Fig 2. Information procurement
- Fig 3. Data analysis models
- Fig 4. Market formulation and validation
- Fig 5. Data validating & publishing
- Fig 6. Market snapshot
- Fig 7. Segmental outlook -Application
- Fig 8. Competitive Outlook
- Fig 9. Vanadium market outlook, 2018 - 2030 (USD Million) (Kilotons)
- Fig 10. Value chain analysis
- Fig 11. Market dynamics
- Fig 12. Porter's Analysis
- Fig 13. PESTEL Analysis
- Fig 14. Vanadium market, by application: Key takeaways
- Fig 15. Vanadium market, by application: Market share, 2023 & 2030
- Fig 16. Vanadium market: Regional analysis, 2023
- Fig 17. Vanadium market, by region: Key takeaways
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