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Vanadium Ore Global Market Report 2024

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    Report

  • 250 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5733757
The vanadium ore market size has grown steadily in recent years. It will grow from $2.75 billion in 2023 to $2.86 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historical period can be ascribed to the expansion of the steel industry, infrastructure development, applications in aerospace and defense, heightened regulatory standards for steel quality, and demand from the automotive industry.

The vanadium ore market size is expected to see steady growth in the next few years. It will grow to $3.29 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The anticipated growth in the forecast period can be linked to the increasing focus on renewable energy, the electric vehicle revolution, ongoing urbanization and infrastructure projects, more stringent emission standards, and heightened research and development initiatives. Noteworthy trends in the forecast period encompass progress in battery technologies, advancements in energy storage technologies, technological enhancements in steel production, a rising demand for vanadium in steel production, the emergence of energy storage applications, and ongoing research and development in vanadium extraction technologies.

The vanadium ore mining market is anticipated to experience growth due to the increasing utilization of vanadium in the automobile industry. The incorporation of vanadium alloy in the manufacturing of automobile parts is expected to result in reduced weight and improved fuel efficiency. According to aheadoftheherd.com, an investing firm, it is projected that approximately 85% of all automobiles will integrate vanadium alloy to decrease weight and enhance fuel efficiency by 2025.

The vanadium ore market is poised for growth as there is a rising demand for vanadium from the construction industry. The construction sector, encompassing various activities such as planning, design, installation, refurbishment, repair, and maintenance of physical structures and infrastructure, relies on vanadium as an alloying metal for specialty steel alloys, including high-strength steel used in construction. For instance, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, construction spending in August 2023 was estimated at $1,983.5 billion, indicating a 7.4% increase from the $1,847.3 billion projected in August 2022. The growing demand for vanadium in the construction industry is a driving force for the vanadium ore market.

The environmental impact of vanadium deposition is on the rise globally, attributed to the increased release of vanadium-rich industrial byproducts, such as steel slags and ash from expanding waste incineration. In response to this, major jurisdictions, including the USA and China, are implementing environmental protection strategies and regulations to mitigate the toxic effects of vanadium. For instance, in the USA, vanadium is listed as Contaminant Candidate List 4 (CCL4) and is subject to more rigorous monitoring in potable waters. Similarly, China is actively addressing environmental concerns by regulating iron ore blends to reduce the vanadium content in raw materials. These regulatory measures are expected to impact the vanadium ore mining market.

The emergence of vanadium redox flow batteries (VRFBs) for energy storage represents a significant trend in the market, contributing to a structural shift in the vanadium ore mining industry traditionally dominated by steel manufacturers. An illustration of this trend is evident in the collaboration announced by VFlowTech, a Singapore-based vanadium redox flow battery manufacturer, and Advario B.V., a Netherlands-based liquid storage logistics company. The partnership aims to explore joint efforts to expand the use of vanadium flow batteries for terminal applications in key markets. While VFlowTech's technology is applicable to terminal use, it also finds real-world applications in diverse areas such as electric vehicle (EV) charging, grid solutions, residential neighborhoods, telecom structures, and clean energy integration in the commercial and industrial sectors. This collaboration signifies the growing significance of vanadium beyond traditional steel applications.

Major players in the vanadium ore market are strategically forming partnerships, exemplified by Idemitsu Kosan Co., Ltd.'s investment in Vecco Group Pty Ltd. to better cater to the needs of their existing consumers. The investment, totaling AUD$13.16 million and representing a 14.7% stake, is directed towards supporting a vanadium project in Australia through Idemitsu Minerals Australia Pty Ltd., a subsidiary of Idemitsu Australia Pty Ltd. In March 2023, Idemitsu Kosan Co., Ltd., a Japanese company engaged in oil platforms, refineries, petroleum manufacturing, distribution, and gas stations, made this strategic investment to accelerate its understanding of the rare metals industry. The investment also aims to expedite the development of companies contributing to the transition to renewable energy and the realization of a low-carbon society. Vecco Group Pty Ltd., the recipient of the investment, operates in mining, oil, gas, and energy services in Australia.

Major companies operating in the vanadium ore market report are Glencore PLC, Aurox Resources Pty Ltd., Sumitomo Corporation, Hbis Company Limited, Mitsubishi Materials Corp., Williams Companies Inc., Pangang Group Vanadium Titanium & Resources Co. Ltd., CIECH SA, Globe Specialty Metals Inc., Essel Mining & Industries Limited, Continental Precious Minerals Inc., Largo Inc., Treibacher Industrie AG, General Atlantic LP, Ferrostaal GmbH, Neometals Ltd., Gulf Chemical and Metallurgical Corporation, Reed Resources Ltd., American Resources Corporation, Liontown Resources Ltd., Great Western Minerals Group Ltd., Core Metals Group LLC, Bear Metallurgical Company, Tremond Alloys & Metals Corp., Hickman Industries Ltd., Western Uranium & Vanadium Corp., Golden Deeps Ltd., Australian Vanadium Limited, Cristina Rubinetterie SpA, Euro Vanadium Limited.

Asia-Pacific was the largest region in the vanadium ore market in 2023. South America was the second largest region in the global vanadium ore market analysis. The regions covered in the vanadium ore market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the vanadium ore market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary varieties of vanadium ore include FeV40, FeV50, FeV60, and FeV80, with FeV80 being the most prevalent ferrovanadium composition. Besides iron and vanadium, FeV80 also includes trace amounts of silicon, aluminum, carbon, sulfur, phosphorus, arsenic, copper, and manganese. Impurities may constitute up to 11% of the alloy's weight. Vanadium ore finds diverse applications in iron and steel, chemical, and energy storage sectors, serving various industries such as automotive, aerospace and defense, and the steel industry.

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

The vanadium market consists of sales of vanadium ores and concentrates. It includes industries that mine and beneficiate uranium-radium-vanadium ores. 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.

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.


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Table of Contents

1. Executive Summary2. Vanadium Ore Market Characteristics3. Vanadium Ore Market Trends and Strategies
4. Vanadium Ore Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Vanadium Ore Market Size and Growth
5.1. Global Vanadium Ore Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Vanadium Ore Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Vanadium Ore Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Vanadium Ore Market Segmentation
6.1. Global Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • FeV40
  • FeV50
  • FeV60
  • FeV80
6.2. Global Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Iron and Steel
  • Chemical
  • Energy Storage
  • Other Applications
6.3. Global Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Automotive
  • Aerospace and Defense
  • Steel Industry
  • Other End Use Industries
7. Vanadium Ore Market Regional and Country Analysis
7.1. Global Vanadium Ore Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Vanadium Ore Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Vanadium Ore Market
8.1. Asia-Pacific Vanadium Ore Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Vanadium Ore Market
9.1. China Vanadium Ore Market Overview
9.2. China Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Vanadium Ore Market
10.1. India Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Vanadium Ore Market
11.1. Japan Vanadium Ore Market Overview
11.2. Japan Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Vanadium Ore Market
12.1. Australia Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Vanadium Ore Market
13.1. Indonesia Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Vanadium Ore Market
14.1. South Korea Vanadium Ore Market Overview
14.2. South Korea Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Vanadium Ore Market
15.1. Western Europe Vanadium Ore Market Overview
15.2. Western Europe Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Vanadium Ore Market
16.1. UK Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Vanadium Ore Market
17.1. Germany Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Vanadium Ore Market
18.1. France Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Vanadium Ore Market
19.1. Italy Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Vanadium Ore Market
20.1. Spain Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Vanadium Ore Market
21.1. Eastern Europe Vanadium Ore Market Overview
21.2. Eastern Europe Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Vanadium Ore Market
22.1. Russia Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Vanadium Ore Market
23.1. North America Vanadium Ore Market Overview
23.2. North America Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Vanadium Ore Market
24.1. USA Vanadium Ore Market Overview
24.2. USA Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Vanadium Ore Market
25.1. Canada Vanadium Ore Market Overview
25.2. Canada Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Vanadium Ore Market
26.1. South America Vanadium Ore Market Overview
26.2. South America Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Vanadium Ore Market
27.1. Brazil Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Vanadium Ore Market
28.1. Middle East Vanadium Ore Market Overview
28.2. Middle East Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Vanadium Ore Market
29.1. Africa Vanadium Ore Market Overview
29.2. Africa Vanadium Ore Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Vanadium Ore Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Vanadium Ore Market, Segmentation by End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Vanadium Ore Market Competitive Landscape and Company Profiles
30.1. Vanadium Ore Market Competitive Landscape
30.2. Vanadium Ore Market Company Profiles
30.2.1. Glencore plc
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Aurox Resources Pty Ltd.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Sumitomo Corporation
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Hbis Company Limited
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Mitsubishi Materials Corp.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Vanadium Ore Market Other Major and Innovative Companies
31.1. Williams Companies Inc.
31.2. Pangang Group Vanadium Titanium & Resources Co. Ltd.
31.3. CIECH SA
31.4. Globe Specialty Metals Inc.
31.5. Essel Mining & Industries Limited
31.6. Continental Precious Minerals Inc.
31.7. Largo Inc.
31.8. Treibacher Industrie AG
31.9. General Atlantic LP
31.10. Ferrostaal GmbH
31.11. Neometals Ltd.
31.12. Gulf Chemical and Metallurgical Corporation
31.13. Reed Resources Ltd.
31.14. American Resources Corporation
31.15. Liontown Resources Ltd
32. Global Vanadium Ore Market Competitive Benchmarking33. Global Vanadium Ore Market Competitive Dashboard34. Key Mergers and Acquisitions in the Vanadium Ore Market
35. Vanadium Ore Market Future Outlook and Potential Analysis
35.1 Vanadium Ore Market in 2028 - Countries Offering Most New Opportunities
35.2 Vanadium Ore Market in 2028 - Segments Offering Most New Opportunities
35.3 Vanadium Ore Market in 2028 - 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. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Vanadium Ore Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on vanadium ore market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for vanadium ore? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: FeV40; FeV50; FeV60; FeV80
2) By Application: Iron and Steel; Chemical; Energy Storage; Other Applications
3) By End Use Industry: Automotive; Aerospace and Defense; Steel Industry; Other End Use Industries

Key Companies Mentioned: Glencore plc; Aurox Resources Pty Ltd.; Sumitomo Corporation; Hbis Company Limited; Mitsubishi Materials Corp.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Glencore plc
  • Aurox Resources Pty Ltd.
  • Sumitomo Corporation
  • Hbis Company Limited
  • Mitsubishi Materials Corp.
  • Williams Companies Inc.
  • Pangang Group Vanadium Titanium & Resources Co. Ltd.
  • CIECH SA
  • Globe Specialty Metals Inc.
  • Essel Mining & Industries Limited
  • Continental Precious Minerals Inc.
  • Largo Inc.
  • Treibacher Industrie AG
  • General Atlantic LP
  • Ferrostaal GmbH
  • Neometals Ltd.
  • Gulf Chemical and Metallurgical Corporation
  • Reed Resources Ltd.
  • American Resources Corporation
  • Liontown Resources Ltd.
  • Great Western Minerals Group Ltd.
  • Core Metals Group LLC
  • Bear Metallurgical Company
  • Tremond Alloys & Metals Corp.
  • Hickman Industries Ltd.
  • Western Uranium & Vanadium Corp.
  • Golden Deeps Ltd.
  • Australian Vanadium Limited
  • Cristina Rubinetterie SpA
  • Euro Vanadium Limited

Methodology

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Table Information