Global Vanadium Alloy Market Outlook 2025

COVID-19 update included

The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic

Global vanadium alloy market reached USD 3,768.1 Million in 2017 and is expected to reach USD 5,627.3 Million by the end of 2025, expanding at a CAGR of 5.2% over the forecast period i.e. 2018-2025. Moreover, the growth of vanadium alloy market is attributed to the increasing demand of steel in the infrastructural development.

Asia Pacific is slated to account for a leading share of 60.8% in the terms of revenue by 2025 in the vanadium alloy market. Asia Pacific vanadium alloy market reached USD 2,291.6 Million in 2017 and is expected to reach USD 3,290.9 Million by the end of 2025, expanding at a CAGR of 4.7% over the forecast period i.e. 2018-2025. Further, the market of Asia Pacific vanadium alloy is anticipated to achieve an market share of 58.5% in 2025 as compared to the previous year.

In addition to this, China vanadium alloy market was held at USD 685.0 Million in 2017 and is anticipated to reach USD 931.3 Million by the end of 2025. China vanadium alloy market accounted for a market share of 29.9% in 2017 and further, is expected to decline to a market share of 28.3% by the end of 2025

North America is expected to showcase substantial growth over the forecast period i.e. 2018-2025 by registering a CAGR of 6.3% over the forecast period. Further, the market is expected to account for USD 1,003.3 Million by 2025 from USD 619.5 Million in 2017.

Additionally, U.S. vanadium alloy market reached USD 501.8 Million in 2017 and is expected to reach USD 785.1 Million by the end of 2025, expanding at a CAGR of 5.8% over the forecast period i.e. 2018-2025. Further, the market of U.S. vanadium alloy market contributed around 81.0% market share of total North America vanadium alloy market in 2017.

Global vanadium alloy market is segmented on the basis of alloy type into ferrovanadium, nitrovan, nitride vanadium and nitrate & nitrite vanadium. Ferrovanadium vanadium alloy (87.9% share in 2017) occupies the largest market of vanadium alloy across the globe. Further, global ferrovanadium vanadium alloy market is anticipated to reach USD 4,893.9 Million by the end of 2025 from USD 3,311.5 Million in 2017.

Bushveld Mineral Limited , Tremond Metal Corporation, Core Metals Group, Bear Metallurgical Company and Yellow Rock Resources Ltd are some of the prominent players of global vanadium alloy market

Table of Contents

1. Research Methodology

2. Market Definitions, Assumptions & Abbreviations

3. Global Vanadium Alloy Market - Executive Summary

• 3.1. Market Extracts by Alloy
• 3.2. Market Extracts by Region

4. Vanadium Alloy Market - Risk Analysis

• 4.1. Demand Risk Analysis
• 4.2. Supply Risk Analysis

5. Recent Changes and Development in Vanadium Alloy Market

• 5.1. New Product Development
• 5.2. Merger and Acquisition
• 5.3. Expansion and Others

6. Global Vanadium Mining Reserves

7. Top Countries with Highest Demand for Vanadium Alloy, 2017

8. Global Vanadium Alloy Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025

9. Market Dynamics & Its Impact Analysis

• 9.1. Growth Drivers
• 9.2. Challenges
• 9.3. Trends
• 9.4. Opportunities

10. Macro-economic Indicators Impacting the Growth of Vanadium Alloy Market

11. Global Vanadium Alloy Market Segmentation Analysis By Alloy

• 11.1. By Alloy
  • 11.1.1. Ferrovanadium
    • 11.1.1.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.1.1.1. Upsurge in Value Terms Per Year, 2017-2025
    • 11.1.1.2. By Production Process Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.1.2.1. Reduction by Silicon Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.1.2.2. Reduction by Aluminum Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.1.2.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
    • 11.1.1.3. By Grade Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.1.3.1. FeV40 Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.1.3.2. FeV50 Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.1.3.3. FeV60 Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.1.3.4. FeV80 Market Value Forecast (USD Million) Analysis 2017-2025
  • 11.1.2. Nitrovan
    • 11.1.2.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.2.1.1. Upsurge in Value Terms Per Year, 2017-2025
    • 11.1.2.2. By Grade Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.2.2.1. Nitrovan 12 Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.2.2.2. Nitrovan 16 Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.2.2.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
    • 11.1.2.3. By Applications Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.2.3.1. Reinforcing Bars Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.2.3.2. Forging Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.2.3.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
  • 11.1.3. Nitride Vanadium
    • 11.1.3.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.3.1.1. Upsurge in Value Terms Per Year, 2017-2025
    • 11.1.3.2. By Applications Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.3.2.1. Building & Construction Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.3.2.2. Manufacturing Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.3.2.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
  • 11.1.4. Nitrate & Nitrite Vanadium
    • 11.1.4.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 11.1.4.1.1. Upsurge in Value Terms Per Year, 2017-2025
  • 11.1.5. Market Attractiveness Analysis By Alloy
  • 11.1.6. Market Contribution and BPS Analysis, 2017 & 2025 By Alloy

12. Global Vanadium Alloy Market Segmentation Analysis By Geography

• 12.1. Vanadium Alloy Market Revenue in Top Emerging, Developed and Undeveloped Markets- Representation in Map
• 12.2. North America
  • 12.2.1. Market Value Forecast (USD Million) Analysis 2017-2025
    • 12.2.1.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.2.2. The U.S. Market Value Forecast (USD Million) Analysis 2017-2025
    • 12.2.2.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.2.3. Canada Market Value Forecast (USD Million) Analysis 2017-2025
    • 12.2.3.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.2.4. Market Attractiveness Analysis By Country
  • 12.2.5. Market Contribution and BPS Analysis, 2017 & 2025 By Country
  • 12.2.6. North America Vanadium Alloy Market Segmentation Analysis By Alloy
    • 12.2.6.1. Ferrovanadium
      • 12.2.6.1.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.1.1.1. Upsurge in Value Terms Per Year, 2017-2025
      • 12.2.6.1.2. By Production Process Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.1.2.1. Reduction by Silicon Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.1.2.2. Reduction by Aluminum Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.1.2.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.1.3. By Grade Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.1.3.1. FeV40 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.1.3.2. FeV50 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.1.3.3. FeV60 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.1.3.4. FeV80 Market Value Forecast (USD Million) Analysis 2017-2025
    • 12.2.6.2. Nitrovan
      • 12.2.6.2.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.2.1.1. Upsurge in Value Terms Per Year, 2017-2025
      • 12.2.6.2.2. By Grade Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.2.2.1. Nitrovan 12 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.2.2.2. Nitrovan 16 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.2.2.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.2.3. By Applications Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.2.3.1. Reinforcing Bars Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.2.3.2. Forging Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.2.3.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
    • 12.2.6.3. Nitride Vanadium
      • 12.2.6.3.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.3.1.1. Upsurge in Value Terms Per Year, 2017-2025
      • 12.2.6.3.2. By Applications Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.3.2.1. Building & Construction Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.3.2.2. Manufacturing Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.3.2.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
    • 12.2.6.4. Others
      • 12.2.6.4.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.2.6.4.1.1. Upsurge in Value Terms Per Year, 2017-2025
    • 12.2.6.5. Market Attractiveness Analysis By Alloy
    • 12.2.6.6. Market Contribution and BPS Analysis, 2017 & 2025 By Alloy
• 12.3. Europe
  • 12.3.1. Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.3.1.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.3.2. Germany Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.3.2.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.3.3. U.K. Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.3.3.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.3.4. France Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.3.4.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.3.5. Italy Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.3.5.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.3.6. Spain Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.3.6.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.3.7. Russia Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.3.7.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.3.8. Poland Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.3.8.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.3.9. Turkey Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.3.9.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.3.10. BENELUX Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.3.10.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.3.11. Rest of Europe Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.3.11.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.3.12. Market Attractiveness Analysis By Country
  • 12.3.13. Market Contribution and BPS Analysis, 2017 & 2025 By Country
  • 12.3.14. Europe Vanadium Alloy Market Segmentation Analysis By Alloy
    • 12.3.14.1. Ferrovanadium
      • 12.3.14.1.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.1.1.1. Upsurge in Value Terms Per Year, 2017-2025
      • 12.3.14.1.2. By Production Process Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.1.2.1. Reduction by Silicon Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.1.2.2. Reduction by Aluminum Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.1.2.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.1.3. By Grade Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.1.3.1. FeV40 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.1.3.2. FeV50 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.1.3.3. FeV60 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.1.3.4. FeV80 Market Value Forecast (USD Million) Analysis 2017-2025
    • 12.3.14.2. Nitrovan
      • 12.3.14.2.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.2.1.1. Upsurge in Value Terms Per Year, 2017-2025
      • 12.3.14.2.2. By Grade Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.2.2.1. Nitrovan 12 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.2.2.2. Nitrovan 16 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.2.2.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.2.3. By Applications Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.2.3.1. Reinforcing Bars Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.2.3.2. Forging Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.2.3.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
    • 12.3.14.3. Nitride Vanadium
      • 12.3.14.3.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.3.1.1. Upsurge in Value Terms Per Year, 2017-2025
      • 12.3.14.3.2. By Applications Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.3.2.1. Building & Construction Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.3.2.2. Manufacturing Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.3.2.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
    • 12.3.14.4. Others
      • 12.3.14.4.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.3.14.4.1.1. Upsurge in Value Terms Per Year, 2017-2025
    • 12.3.14.5. Market Attractiveness Analysis By Alloy
    • 12.3.14.6. Market Contribution and BPS Analysis, 2017 & 2025 By Alloy
• 12.4. Asia Pacific
  • 12.4.1. Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.4.1.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.4.2. India Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.4.2.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.4.3. China Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.4.3.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.4.4. Japan Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.4.4.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.4.5. Australia Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.4.5.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.4.6. New Zealand Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.4.6.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.4.7. South Korea Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.4.7.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.4.8. Malaysia Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.4.8.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.4.9. Singapore Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.4.9.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.4.10. Rest of Asia Pacific Market Value Forecast (USD Million), & Y-o-Y Growth (%) Analysis 2017-2025
    • 12.4.10.1. Upsurge in Value Terms Per Year, 2017-2025
  • 12.4.11. Market Attractiveness Analysis By Country
  • 12.4.12. Market Contribution and BPS Analysis, 2017 & 2025 By Country
  • 12.4.13. Asia Pacific Vanadium Alloy Market Segmentation Analysis By Alloy
    • 12.4.13.1. Ferrovanadium
      • 12.4.13.1.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.1.1.1. Upsurge in Value Terms Per Year, 2017-2025
      • 12.4.13.1.2. By Production Process Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.1.2.1. Reduction by Silicon Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.1.2.2. Reduction by Aluminum Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.1.2.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.1.3. By Grade Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.1.3.1. FeV40 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.1.3.2. FeV50 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.1.3.3. FeV60 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.1.3.4. FeV80 Market Value Forecast (USD Million) Analysis 2017-2025
    • 12.4.13.2. Nitrovan
      • 12.4.13.2.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.2.1.1. Upsurge in Value Terms Per Year, 2017-2025
      • 12.4.13.2.2. By Grade Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.2.2.1. Nitrovan 12 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.2.2.2. Nitrovan 16 Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.2.2.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.2.3. By Applications Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.2.3.1. Reinforcing Bars Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.2.3.2. Forging Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.2.3.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
    • 12.4.13.3. Nitride Vanadium
      • 12.4.13.3.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.3.1.1. Upsurge in Value Terms Per Year, 2017-2025
      • 12.4.13.3.2. By Applications Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.3.2.1. Building & Construction Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.3.2.2. Manufacturing Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.3.2.3. Others Market Value Forecast (USD Million) Analysis 2017-2025
    • 12.4.13.4. Nitrate & Nitrite Vanadium
      • 12.4.13.4.1. Market Value Forecast (USD Million) Analysis 2017-2025
      • 12.4.13.4.1.1. Upsurge in Value Terms Per Year, 2017-2025
    • 12.4.13.5. Market Attractiveness Analysis By Alloy
    • 12.4.13.6. Market Contribution and BPS Analysis, 2017 & 2025 By Alloy

13. Competitive Landscape

• 13.1. Competitive Positioning of Major Players in Global Vanadium Alloy Market
• 13.2. Company Profiles
  • 13.2.1. Bushveld Minerals
    • 13.2.1.1. Company Overview
    • 13.2.1.2. Business Strategy
    • 13.2.1.3. Key Product Offerings
    • 13.2.1.4. Financial Performance
    • 13.2.1.5. Key Performance Indicators
    • 13.2.1.6. Risk Analysis
    • 13.2.1.7. Recent Development
    • 13.2.1.8. Regional Presence
    • 13.2.1.9. SWOT Analysis
  • 13.2.2. Tremond Metals Corp.
  • 13.2.3. Core Metals Group
  • 13.2.4. Gulf Chemical and Metallurgical Corporation
  • 13.2.5. Bear Metallurgical Company
  • 13.2.6. Atlantic Ltd.
  • 13.2.7. Shenzhen Chinary Co., Ltd.
  • 13.2.8. Hickman, Williams & Company
  • 13.2.9. Yellow Rock Resources Ltd.