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Vanadium Global Market Report 2025
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Global Vanadium Market Report 2025

Report Price : $4490.00

Pages : 175

Format : PDF

Published : January 2025

Delivery Time : 2-3 Business Days

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Vanadium Global Market Report 2025

By Type (Vanadium Pentoxide, Vanadium Ferrovanadium, Aluminum-Vanadium Alloys, Vanadium Chemicals, Other Types), By Production Process (Aluminothermic Reduction Technique, Silicon Reduction Technique), By Application (Iron And Steel, Chemical, Titanium Alloys, Other Applications), By End-user (Automotive, Chemical, Energy Storage, Other End-Users) – Impact Of Tariff And Trade War On Market Size, Growth, Trends, And Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Vanadium Market Overview

• Vanadium market size has reached to $2.47 billion in 2024

• Expected to grow to $3.51 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%

• Growth Driver: Surging Demand For Large-Scale Energy Storage Powers Growth In The Vanadium Market

• Market Trend: Rising Focus Towards Product Advancement To Attain Maximum Revenues

• Asia-Pacific was the largest region in 2024 and North America is the fastest growing region.

What Is Covered Under Vanadium Market?

Vanadium is a metallic element obtained from minerals as a light-gray powder with a silvery luster or as a ductile metal and they have low neutron-absorbing properties. Vanadium is often used as an alloying element in steel, imparting strength, toughness and corrosion resistance.

The main types of vanadium are vanadium pentoxide, vanadium ferrovanadium, aluminum-vanadium alloys, vanadium chemicals and others. Vanadium pentoxide (V2O5) is an inorganic chemical that looks like a brown or yellow solid, but when newly precipitated from an aqueous solution, IT can seem deep orange. The various production processes are the aluminothermic reduction technique and silicon reduction technique applied in iron and steel, chemical, titanium alloys and others. The end users are automotive, chemical, energy storage and others.

Vanadium Market Size and growth rate 2025 to 2029: Graph

What Is The Vanadium Market Size 2025 And Growth Rate?

The vanadium market size has grown strongly in recent years. It will grow from $2.47 billion in 2024 to $2.61 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to steel and alloy production, battery technologies, urbanization and infrastructure growth, renewable energy.

What Is The Vanadium Market Growth Forecast?

The vanadium market size is expected to see strong growth in the next few years. It will grow to $3.51 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to green energy transition, e-mobility, infrastructure investments, space exploration. Major trends in the forecast period include vanadium recycling, vanadium nitride batteries, vanadium in aerospace, energy storage integration.

The forecast of 7.7% growth over the next five years reflects a modest reduction of 0.2% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Tariff escalation on vanadium imports may affect high-strength steel production and emerging grid-scale energy storage technologies. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Mining Industry?

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the mining sector, particularly in equipment procurement, export activity, and supply chain continuity. Higher duties on imported heavy machinery, drilling equipment, and specialized components have raised capital and operational costs for mining firms, delaying new project launches and limiting production efficiency. At the same time, retaliatory tariffs imposed by key trade partners have reduced export demand for U.S.-mined resources—especially critical minerals like lithium, copper, and rare earth elements—exacerbating revenue pressures. These dynamics are particularly challenging for mid-sized and specialty mining operators reliant on international markets. In response, the sector is increasingly investing in domestic equipment manufacturing partnerships, expanding recycling initiatives for strategic minerals, and advocating for trade exemptions to restore global competitiveness while ensuring long-term resource security.

How Is The Vanadium Market Segmented?

1) By Type: Vanadium Pentoxide, Vanadium Ferrovanadium, Aluminum-Vanadium Alloys, Vanadium Chemicals, Other Types

2) By Production Process: Aluminothermic Reduction Technique, Silicon Reduction Technique

3) By Application: Iron And Steel, Chemical, Titanium Alloys, Other Applications

4) By End-user: Automotive, Chemical, Energy Storage, Other End-Users

Subsegments:

1) By Vanadium Pentoxide: Chemical Grade, Metallurgical Grade

2) By Vanadium Ferrovanadium: Low-Vanadium Ferrovanadium, High-Vanadium Ferrovanadium

3) By Aluminum-Vanadium Alloys: Aluminum-Vanadium Alloys with High Vanadium Content, Aluminum-Vanadium Alloys With Low Vanadium Content

4) By Vanadium Chemicals: Vanadyl Sulfate, Vanadium Chloride, Vanadium Trioxide

5) By Other Types: Vanadium Recovery Products, Vanadium Oxide

What Is Driving The Vanadium Market? Surging Demand For Large-Scale Energy Storage Powers Growth In The Vanadium Market

The expansion of large-scale energy storage technologies is expected to propel the growth of the vanadium market going forward. Energy storage technologies are systems that store energy for later use to smooth out fluctuations in energy supply and demand, to provide backup power during outages and to store energy for transportation or other applications. Vanadium is used in energy storage technologies like vanadium redox flow batteries (VRFBs) and enables storing and releasing large amounts of energy over long periods. For instance, in July 2023, according to a report published by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, total installed grid-scale battery storage capacity stood at close to 28 GW at the end of 2022 and installations increased by more than 75% over 2021, with roughly 11 GW of storage capacity installed. Furthermore, the installed grid-scale battery capacity for storage is predicted to expand 35-fold, almost 970 GW, between 2022 and 2030. Therefore, developing large-scale energy storage technologies will drive the vanadium industry.

What Is Driving The Vanadium Market? Rise In Steel Production Boost The Market Growth

The increasing steel production is expected to boost the growth of the vanadium market going forward. Steel production is the process of producing steel from iron ore and/or scrap. Vanadium is a critical component in the production of vanadium redox flow batteries (VRFBs), and IT is also used in the steel industry. It is widely used in steel manufacturing as an alloying element. For instance, in October 2024, according to the Press Information Bureau, a India-based government agency, crude steel production increased significantly, rising from 109.137 million tonnes (MT) in 2019-20 to 144.299 MT in 2023-24, with a strong 13.4% growth over the previous year's 127.197 MT in 2022-23. The domestic steel industry's capacity also expanded, going from 142.299 MT per year in 2019-20 to 179.515 MT in 2023-24, which helped boost production. Capacity utilization reached 81% during this period. Therefore, the rising steel production is expected to drive the vanadium industry.

Who Are The Major Players In The Global Vanadium Market?

Major companies operating in the vanadium market are Glencore PLC, HBIS GROUP Co. Ltd., China Ansteel Group Corporation Limited, EVRAZ PLC, Essel Mining & Industries Limited, Ferroglobe PLC, Advanced Metallurgical Group (AMG) N.V., Largo Inc., Treibacher Industrie AG, Bushveld Minerals Ltd., Gulf Chemical and Metallurgical Corporation, Atlantic Ltd., JAYESH Group, Hickman Williams & Company, Angang Steel Co. Ltd., VanadiumCorp Resource Inc., Meta Materials Inc., Bear Metallurgical Company, U.S. Vanadium Holding Company LLC, Shenzhen Chinary Co. Ltd., Core Metals LLC, YILMADEN HOLDING Inc., Tremond Metals Corp., Australian Vanadium Limited, Otto Chemie Pvt Ltd.

What Are The Key Trends Of The Global Vanadium Market? Rising Focus Towards Product Advancement To Attain Maximum Revenues

Major companies operating in the vanadium market are focused on innovative vanadium production techniques, such as belt filter technology, to strengthen their position in the market. Belt filter is an industrial system used for solid or liquid separation processes, particularly the chemical industry dewatering sludges. For instance, in September 2022, U.S. Vanadium LLC, a US-based manufacturer of a variety of specialty vanadium chemicals, installed an industrial Belt Filter plant that improved the facility's vanadium recovery rates, cut expenses for operation, increased recycling activities and reduced the plant's overall environmental impact. The new Belt Filter technology at the facility improves vanadium recovery and increases the production of valuable vanadium products. The belt filter produces a comparatively dry cake with only a 5-6% moisture level, which may be recycled in various industrial applications.

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What Are Latest Mergers And Acquisitions In The Vanadium Market? Us Vanadium Llc Acquired Materials Processing Plant From Saint-Gobain Sa

In September 2022, US Vanadium LLC, a US-based manufacturer of specialty vanadium chemicals, acquired the Materials Processing Plant from Saint-Gobain SA for an undisclosed amount. This acquisition enables US Vanadium to expand and strengthen its production of high-purity and other products. With this strategic acquisition, US Vanadium is expected to improve the flexibility and processing capacity of the diverse vanadium feedstock sources. Saint-Gobain SA is a France-based company with a materials processing plant in Benton, Arkansas. The factory will grind and roast vanadium-containing feedstock to produce high-purity vanadium products.

Regional Outlook For The Global Vanadium Market

Asia-Pacific was the largest region in the vanadium market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Vanadium Market?

The vanadium market consists of sales of aluminum ore, vanadate, carnotite, roscoelite and patronite. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Vanadium Industry?

The vanadium market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the vanadium industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Vanadium Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $2.61 billion
Revenue Forecast In 2034 $3.51 billion
Growth Rate CAGR of 7.7% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Type: Vanadium Pentoxide, Vanadium Ferrovanadium, Aluminum-Vanadium Alloys, Vanadium Chemicals, Other Types
2) By Production Process: Aluminothermic Reduction Technique, Silicon Reduction Technique
3) By Application: Iron And Steel, Chemical, Titanium Alloys, Other Applications
4) By End-user: Automotive, Chemical, Energy Storage, Other End-Users Subsegments: 1) By Vanadium Pentoxide: Chemical Grade, Metallurgical Grade
2) By Vanadium Ferrovanadium: Low-Vanadium Ferrovanadium, High-Vanadium Ferrovanadium
3) By Aluminum-Vanadium Alloys: Aluminum-Vanadium Alloys with High Vanadium Content, Aluminum-Vanadium Alloys With Low Vanadium Content
4) By Vanadium Chemicals: Vanadyl Sulfate, Vanadium Chloride, Vanadium Trioxide
5) By Other Types: Vanadium Recovery Products, Vanadium Oxide
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Glencore plc, HBIS GROUP Co. Ltd., China Ansteel Group Corporation Limited, EVRAZ plc, Essel Mining & Industries Limited, Ferroglobe PLC, Advanced Metallurgical Group (AMG) N.V., Largo Inc., Treibacher Industrie AG, Bushveld Minerals Ltd., Gulf Chemical and Metallurgical Corporation, Atlantic Ltd., JAYESH Group, Hickman Williams & Company, Angang Steel Co. Ltd., VanadiumCorp Resource Inc., Meta Materials Inc., Bear Metallurgical Company, U.S. Vanadium Holding Company LLC, Shenzhen Chinary Co. Ltd., Core Metals LLC, YILMADEN HOLDING Inc., Tremond Metals Corp., Australian Vanadium Limited, Otto Chemie Pvt Ltd
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Table Of Contents

1. Executive Summary

2. Vanadium Market Characteristics

3. Vanadium Market Trends And Strategies

4. Vanadium Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Vanadium Growth Analysis And Strategic Analysis Framework

5.1. Global Vanadium PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Vanadium Market Growth Rate Analysis

5.4. Global Vanadium Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Vanadium Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Vanadium Total Addressable Market (TAM)

6. Vanadium Market Segmentation

6.1. Global Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Vanadium Pentoxide

Vanadium Ferrovanadium

Aluminum-Vanadium Alloys

Vanadium Chemicals

Other Types

6.2. Global Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Aluminothermic Reduction Technique

Silicon Reduction Technique

6.3. Global Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Iron And Steel

Chemical

Titanium Alloys

Other Applications

6.4. Global Vanadium Market, Segmentation By End-user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Automotive

Chemical

Energy Storage

Other End-Users

6.5. Global Vanadium Market, Sub-Segmentation Of Vanadium Pentoxide, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Chemical Grade

Metallurgical Grade

6.6. Global Vanadium Market, Sub-Segmentation Of Vanadium Ferrovanadium, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Low-Vanadium Ferrovanadium

High-Vanadium Ferrovanadium

6.7. Global Vanadium Market, Sub-Segmentation Of Aluminum-Vanadium Alloys, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Aluminum-Vanadium Alloys with High Vanadium Content

Aluminum-Vanadium Alloys With Low Vanadium Content

6.8. Global Vanadium Market, Sub-Segmentation Of Vanadium Chemicals, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Vanadyl Sulfate

Vanadium Chloride

Vanadium Trioxide

6.9. Global Vanadium Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Vanadium Recovery Products

Vanadium Oxide

7. Vanadium Market Regional And Country Analysis

7.1. Global Vanadium Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Vanadium Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Vanadium Market

8.1. Asia-Pacific Vanadium Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Vanadium Market

9.1. China Vanadium Market Overview

9.2. China Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Vanadium Market

10.1. India Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Vanadium Market

11.1. Japan Vanadium Market Overview

11.2. Japan Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Vanadium Market

12.1. Australia Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Vanadium Market

13.1. Indonesia Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Vanadium Market

14.1. South Korea Vanadium Market Overview

14.2. South Korea Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Vanadium Market

15.1. Western Europe Vanadium Market Overview

15.2. Western Europe Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Vanadium Market

16.1. UK Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Vanadium Market

17.1. Germany Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Vanadium Market

18.1. France Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Vanadium Market

19.1. Italy Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Vanadium Market

20.1. Spain Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Vanadium Market

21.1. Eastern Europe Vanadium Market Overview

21.2. Eastern Europe Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Vanadium Market

22.1. Russia Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Vanadium Market

23.1. North America Vanadium Market Overview

23.2. North America Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Vanadium Market

24.1. USA Vanadium Market Overview

24.2. USA Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Vanadium Market

25.1. Canada Vanadium Market Overview

25.2. Canada Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Vanadium Market

26.1. South America Vanadium Market Overview

26.2. South America Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Vanadium Market

27.1. Brazil Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Vanadium Market

28.1. Middle East Vanadium Market Overview

28.2. Middle East Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Vanadium Market

29.1. Africa Vanadium Market Overview

29.2. Africa Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Vanadium Market Competitive Landscape And Company Profiles

30.1. Vanadium Market Competitive Landscape

30.2. Vanadium Market Company Profiles

30.2.1. Glencore plc Overview, Products and Services, Strategy and Financial Analysis

30.2.2. HBIS GROUP Co. Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.3. China Ansteel Group Corporation Limited Overview, Products and Services, Strategy and Financial Analysis

30.2.4. EVRAZ plc Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Essel Mining & Industries Limited Overview, Products and Services, Strategy and Financial Analysis

31. Vanadium Market Other Major And Innovative Companies

31.1. Ferroglobe PLC

31.2. Advanced Metallurgical Group (AMG) N.V.

31.3. Largo Inc.

31.4. Treibacher Industrie AG

31.5. Bushveld Minerals Ltd.

31.6. Gulf Chemical and Metallurgical Corporation

31.7. Atlantic Ltd.

31.8. JAYESH Group

31.9. Hickman Williams & Company

31.10. Angang Steel Co. Ltd.

31.11. VanadiumCorp Resource Inc.

31.12. Meta Materials Inc.

31.13. Bear Metallurgical Company

31.14. U.S. Vanadium Holding Company LLC

31.15. Shenzhen Chinary Co. Ltd.

32. Global Vanadium Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Vanadium Market

34. Recent Developments In The Vanadium Market

35. Vanadium Market High Potential Countries, Segments and Strategies

35.1 Vanadium Market In 2029 - Countries Offering Most New Opportunities

35.2 Vanadium Market In 2029 - Segments Offering Most New Opportunities

35.3 Vanadium Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Vanadium Market, Segmentation By End-user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Vanadium Market, Sub-Segmentation Of Vanadium Pentoxide, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Vanadium Market, Sub-Segmentation Of Vanadium Ferrovanadium, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Vanadium Market, Sub-Segmentation Of Aluminum-Vanadium Alloys, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Vanadium Market, Sub-Segmentation Of Vanadium Chemicals, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Vanadium Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Global Vanadium Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Global Vanadium Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: Asia-Pacific, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: Asia-Pacific, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: China, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: China, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: India, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: India, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Japan, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Japan, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Australia, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Australia, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: Indonesia, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: Indonesia, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: South Korea, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: South Korea, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: Western Europe, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: Western Europe, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: UK, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: UK, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: Germany, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: Germany, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: France, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: France, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Italy, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Italy, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Spain, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Spain, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Eastern Europe, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Eastern Europe, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: Russia, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: Russia, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: North America, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: North America, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: USA, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: USA, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: Canada, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: Canada, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: South America, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: South America, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Brazil, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Brazil, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Middle East, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Middle East, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Africa, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 79: Africa, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 80: Glencore plc Financial Performance
  • Table 81: HBIS GROUP Co. Ltd. Financial Performance
  • Table 82: China Ansteel Group Corporation Limited Financial Performance
  • Table 83: EVRAZ plc Financial Performance
  • Table 84: Essel Mining & Industries Limited Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Vanadium Market, Segmentation By End-user, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Vanadium Market, Sub-Segmentation Of Vanadium Pentoxide, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Vanadium Market, Sub-Segmentation Of Vanadium Ferrovanadium, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Vanadium Market, Sub-Segmentation Of Aluminum-Vanadium Alloys, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Vanadium Market, Sub-Segmentation Of Vanadium Chemicals, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Vanadium Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Global Vanadium Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Global Vanadium Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: Asia-Pacific, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: Asia-Pacific, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: China, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: China, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: India, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: India, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Japan, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Japan, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Australia, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Australia, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: Indonesia, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: Indonesia, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: South Korea, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: South Korea, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: Western Europe, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: Western Europe, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: UK, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: UK, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: Germany, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: Germany, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: France, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: France, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Italy, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Italy, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Spain, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Spain, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Eastern Europe, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Eastern Europe, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: Russia, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: Russia, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: North America, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: North America, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: USA, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: USA, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: Canada, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: Canada, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: South America, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: South America, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Brazil, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Brazil, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Middle East, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Middle East, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Vanadium Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Africa, Vanadium Market, Segmentation By Production Process, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 79: Africa, Vanadium Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 80: Glencore plc Financial Performance
  • Figure 81: HBIS GROUP Co. Ltd. Financial Performance
  • Figure 82: China Ansteel Group Corporation Limited Financial Performance
  • Figure 83: EVRAZ plc Financial Performance
  • Figure 84: Essel Mining & Industries Limited Financial Performance

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Frequently Asked Questions

Vanadium is a metallic element obtained from minerals as a light-gray powder with a silvery luster or as a ductile metal and they have low neutron-absorbing properties. Vanadium is often used as an alloying element in steel, imparting strength, toughness and corrosion resistance. For further insights on this market, request a sample here

The market major growth driver - Surging Demand For Large-Scale Energy Storage Powers Growth In The Vanadium Market. For further insights on this market, request a sample here

The vanadium market size has grown strongly in recent years. It will grow from $2.47 billion in 2024 to $2.61 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to steel and alloy production, battery technologies, urbanization and infrastructure growth, renewable energy. The vanadium market size is expected to see strong growth in the next few years. It will grow to $3.51 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to green energy transition, e-mobility, infrastructure investments, space exploration. Major trends in the forecast period include vanadium recycling, vanadium nitride batteries, vanadium in aerospace, energy storage integration. For further insights on this market, request a sample here

The vanadium market covered in this report is segmented –
1) By Type: Vanadium Pentoxide; Vanadium Ferrovanadium; Aluminum-Vanadium Alloys; Vanadium Chemicals; Other Types
2) By Production Process: Aluminothermic Reduction Technique; Silicon Reduction Technique
3) By Application: Iron And Steel; Chemical; Titanium Alloys; Other Applications
4) By End-user: Automotive; Chemical; Energy Storage; Other End-Users Subsegments:
1) By Vanadium Pentoxide: Chemical Grade; Metallurgical Grade
2) By Vanadium Ferrovanadium: Low-Vanadium Ferrovanadium; High-Vanadium Ferrovanadium
3) By Aluminum-Vanadium Alloys: Aluminum-Vanadium Alloys with High Vanadium Content; Aluminum-Vanadium Alloys With Low Vanadium Content
4) By Vanadium Chemicals: Vanadyl Sulfate; Vanadium Chloride; Vanadium Trioxide
5) By Other Types: Vanadium Recovery Products; Vanadium Oxide For further insights on this market, request a sample here

Asia-Pacific was the largest region in the vanadium market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in vanadium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. For further insights on this market, request a sample here.

Major companies operating in the vanadium market are Glencore PLC, HBIS GROUP Co. Ltd., China Ansteel Group Corporation Limited, EVRAZ PLC, Essel Mining & Industries Limited, Ferroglobe PLC, Advanced Metallurgical Group (AMG) N.V., Largo Inc., Treibacher Industrie AG, Bushveld Minerals Ltd., Gulf Chemical and Metallurgical Corporation, Atlantic Ltd., JAYESH Group, Hickman Williams & Company, Angang Steel Co. Ltd., VanadiumCorp Resource Inc., Meta Materials Inc., Bear Metallurgical Company, U.S. Vanadium Holding Company LLC, Shenzhen Chinary Co. Ltd., Core Metals LLC, YILMADEN HOLDING Inc., Tremond Metals Corp., Australian Vanadium Limited, Otto Chemie Pvt Ltd.. For further insights on this market, request a sample here.

Major trends in this market include Rising Focus Towards Product Advancement To Attain Maximum Revenues. For further insights on this market, request a sample here.

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Global Vanadium Market Report 2025

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