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バナジウムの世界市場:生産別、消費別、製品タイプ別、由来別、エンドユーザー別、地域別の分析、規模、動向、COVID-19の影響、予測(~2028年)

Global Vanadium Market: Analysis By Production, By Consumption, By Type, By Source, By End-User, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028

出版日: | 発行: Daedal Research | ページ情報: 英文 148 Pages | 納期: 即納可能 即納可能とは

価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=158.53円
バナジウムの世界市場:生産別、消費別、製品タイプ別、由来別、エンドユーザー別、地域別の分析、規模、動向、COVID-19の影響、予測(~2028年)
出版日: 2023年07月21日
発行: Daedal Research
ページ情報: 英文 148 Pages
納期: 即納可能 即納可能とは
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界のバナジウムの市場規模は、2022年の28億4,000万米ドルから2028年までに39億3,000万米ドルに達し、CAGRで約5%の成長が予測されています。建設、インフラ開発、自動車産業の成長が鉄鋼需要の増加をもたらし、過去数年にわたって市場成長を促進しています。

当レポートでは、世界のバナジウム市場について調査分析し、市場動向、セグメント分析、地域分析、企業プロファイルなどを提供しています。

目次

第1章 エグゼクティブサマリー

第2章 イントロダクション

  • バナジウム:概要
    • バナジウムのイントロダクション
    • バナジウムの用途
  • バナジウムセグメンテーション:概要
    • バナジウムのセグメンテーション

第3章 世界市場の分析

  • 世界のバナジウム市場:分析
    • 世界のバナジウム市場:概要
    • 世界のバナジウム市場(金額)
    • 世界のバナジウム市場:タイプ別(五酸化バナジウム、バナジウムフェロバナジウム、アルミニウムバナジウム合金、バナジウム化学薬品、その他)
    • 世界のバナジウム市場:地域別(アジア太平洋・欧州・北米・その他の地域)
  • 世界のバナジウム市場:タイプの分析
    • 世界のバナジウム市場:タイプ別、概要
    • 世界の五酸化バナジウム市場(金額)
    • 世界のバナジウムフェロバナジウム市場(金額)
    • 世界のアルミニウムバナジウム合金市場(金額)
    • 世界のバナジウム化学薬品市場(金額)
    • 世界のその他のバナジウム市場(金額)
  • 世界のバナジウム市場:地域の分析
    • 世界のバナジウム市場:地域別、概要
    • アジア太平洋のバナジウム市場(金額)
    • 欧州のバナジウム市場(金額)
    • 北米のバナジウム市場(金額)
    • その他の地域のバナジウム市場(金額)
  • 世界のバナジウム市場:埋蔵量の分析
    • 世界のバナジウム市場:埋蔵量別、概要
    • 世界のバナジウム市場:埋蔵量別

第4章 生産の分析

  • 世界のバナジウム市場の生産:分析
    • 世界のバナジウム市場:生産別、概要
    • 世界のバナジウム市場:生産別
    • 原料別の世界のバナジウム市場生産(共生産、一次、二次)
    • 地域別の世界のバナジウム市場生産(中国・ロシア・南アフリカ・ブラジル・その他の地域)
    • 世界のバナジウム市場の一次生産(南アフリカ・ブラジル・中国):地域別
  • 世界のバナジウム市場の生産:由来の分析
    • 世界のバナジウム市場の生産:由来別、概要
    • 世界のバナジウム市場:共生産別
    • 世界のバナジウム市場:一次生産別
    • 世界のバナジウム市場:二次生産別
  • 世界のバナジウム市場の生産:地域の分析
    • 世界のバナジウム市場の生産:地域別、概要
    • 中国のバナジウム市場:生産別
    • ロシアのバナジウム市場:生産別
    • 南アフリカのバナジウム市場:生産別
    • ブラジルのバナジウム市場:生産別
    • その他の地域のバナジウム市場:生産別

第5章 消費の分析

  • 世界のバナジウム市場の消費:分析
    • 世界のバナジウム市場:消費別、概要
    • 世界のバナジウム市場:消費別
    • 世界のバナジウム市場の消費:エンドユーザー別(鋼合金、化学・触媒、チタン合金、エネルギー貯蔵)
    • 世界のバナジウム市場の消費:地域別(中国・欧州・北米・その他の地域)
  • 世界のバナジウム市場の消費:エンドユーザーの分析
    • 世界のバナジウム市場の消費:エンドユーザー別、概要
    • 世界の鋼合金バナジウム市場:消費別
    • 世界の化学・触媒バナジウム市場:消費別
    • 世界のチタン合金バナジウム市場:消費別
    • 世界のエネルギー貯蔵バナジウム市場:消費別
  • 世界のバナジウム市場の消費:地域の分析
    • 世界のバナジウム市場の消費:地域別、概要
    • 中国のバナジウム市場:消費別
    • 欧州のバナジウム市場:消費別
    • 北米のバナジウム市場:消費別
    • その他の地域のバナジウム市場:消費別

第6章 COVID-19の影響

  • 世界のバナジウム市場に対するCOVID-19の影響
  • 世界のバナジウム市場に対するCOVID-19後の影響

第7章 市場力学

  • 成長促進要因
    • 鉄鋼生産の増加
    • 建設部門の成長
    • 急速な都市化
    • 激化する医療機器産業
    • 電気自動車(EV)の需要の増加
    • 航空旅客数の増加
    • 化学業界における使用の高まり
  • 課題
    • 価格の変動性
    • 環境と規制への配慮
    • 代替品との競合
  • 市場動向
    • バナジウムレド??ックスフロー電池(VRFB)の需要の増加
    • 大気汚染防止に関する規制の強化
    • 新たな用途に向けた研究開発
    • バナジウム鉱床の探査と開発
    • 技術の進歩

第8章 競合情勢

  • 世界のバナジウム市場の参入企業:五酸化バナジウム生産別
  • 世界のバナジウム市場の参入企業:リソースの比較
  • 世界のバナジウム市場の参入企業:鉱石埋蔵量の比較

第9章 企業プロファイル

  • Largo Inc.
  • Bushveld Minerals Limited
  • EVRAZ
  • Glencore Plc
  • AMG Advanced Metallurgical Group N.V. (AMG Vanadium LLC)
  • Ferro-Alloy Resources Limited
  • HBIS Group
  • Essel Mining & Industries Limited
  • Western Uranium & Vanadium Corp.
  • Voyager Metals Inc.
  • Australian Vanadium Ltd.
  • VanadiumCorp Resource Inc.
図表

List of Tables

  • Table 1: Global Vanadium Market Players: Resources Comparison (2022)
  • Table 2: Global Vanadium Market Players: Ore Reserves Comparison (2022)

List of Figures

  • Figure 1: Vanadium Segmentation
  • Figure 2: Global Vanadium Market by Value; 2018-2022 (US$ Billion)
  • Figure 3: Global Vanadium Market by Value; 2023-2028 (US$ Billion)
  • Figure 4: Global Vanadium Market by Type; 2022 (Percentage, %)
  • Figure 5: Global Vanadium Market by Region; 2022 (Percentage, %)
  • Figure 6: Global Vanadium Pentoxide Market by Value; 2018-2022 (US$ Billion)v Figure 7: Global Vanadium Pentoxide Market by Value; 2023-2028 (US$ Billion)
  • Figure 8: Global Vanadium Ferrovanadium Market by Value; 2018-2022 (US$ Million)
  • Figure 9: Global Vanadium Ferrovanadium Market by Value; 2023-2028 (US$ Million)
  • Figure 10: Global Aluminium Vanadium Alloys Market by Value; 2018-2022 (US$ Million)
  • Figure 11: Global Aluminium Vanadium Alloys Market by Value; 2023-2028 (US$ Million)
  • Figure 12: Global Vanadium Chemicals Market by Value; 2018-2022 (US$ Million)
  • Figure 13: Global Vanadium Chemicals Market by Value; 2023-2028 (US$ Million)
  • Figure 14: Global Others Vanadium Market by Value; 2018-2022 (US$ Million)
  • Figure 15: Global Others Vanadium Market by Value; 2023-2028 (US$ Million)
  • Figure 16: Asia Pacific Vanadium Market by Value; 2018-2022 (US$ Billion)
  • Figure 17: Asia Pacific Vanadium Market by Value; 2023-2028 (US$ Billion)
  • Figure 18: Europe Vanadium Market by Value; 2018-2022 (US$ Million)
  • Figure 19: Europe Vanadium Market by Value; 2023-2028 (US$ Million)
  • Figure 20: North America Vanadium Market by Value; 2018-2022 (US$ Million)
  • Figure 21: North America Vanadium Market by Value; 2023-2028 (US$ Million)
  • Figure 22: Rest of World Vanadium Market by Value; 2018-2022 (US$ Million)
  • Figure 23: Rest of World Vanadium Market by Value; 2023-2028 (US$ Million)
  • Figure 24: Global Vanadium Market Reserves by Region; 2022 (Percentage, %)
  • Figure 25: Global Vanadium Market by Reserves and Reserve Life; 2022 (Million Tonnes, Years)
  • Figure 26: Global Vanadium Market by Production; 2018-2022 (Thousand Tonnes)
  • Figure 27: Global Vanadium Market by Production; 2023-2028 (Thousand Tonnes)
  • Figure 28: Global Vanadium Market Production by Source; 2022 (Percentage, %)
  • Figure 29: Global Vanadium Market Production by Region; 2022 (Percentage, %)
  • Figure 30: Global Vanadium Market Primary Production by Region; 2022 (Percentage, %)
  • Figure 31: Global Vanadium Market By Co-Production; 2018-2022 (Thousand Tonnes)
  • Figure 32: Global Vanadium Market By Co-Production; 2023-2028 (Thousand Tonnes)
  • Figure 33: Global Vanadium Market By Primary Production; 2018-2022 (Thousand Tonnes)
  • Figure 34: Global Vanadium Market By Primary Production; 2023-2028 (Thousand Tonnes)
  • Figure 35: Global Vanadium Market By Secondary Production; 2018-2022 (Thousand Tonnes)
  • Figure 36: Global Vanadium Market By Secondary Production; 2023-2028 (Thousand Tonnes)
  • Figure 37: China Vanadium Market by Production; 2018-2022 (Thousand Tonnes)
  • Figure 38: Russia Vanadium Market by Production; 2018-2022 (Thousand Tonnes)
  • Figure 39: South Africa Vanadium Market by Production; 2018-2022 (Thousand Tonnes)
  • Figure 40: Brazil Vanadium Market by Production; 2018-2022 (Thousand Tonnes)
  • Figure 41: Rest of World Vanadium Market by Production; 2018-2022 (Thousand Tonnes)
  • Figure 42: Global Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
  • Figure 43: Global Vanadium Market by Consumption; 2023-2028 (Thousand Tonnes)
  • Figure 44: Global Vanadium Market Consumption by End-User; 2022 (Percentage, %)
  • Figure 45: Global Vanadium Market Consumption by Region; 2022 (Percentage, %)
  • Figure 46: Global Steel Alloy Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
  • Figure 47: Global Steel Alloy Vanadium Market by Consumption; 2023-2028 (Thousand Tonnes)
  • Figure 48: Global Chemical & Catalyst Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
  • Figure 49: Global Chemical & Catalyst Vanadium Market by Consumption; 2023-2028 (Thousand Tonnes)
  • Figure 50: Global Titanium Alloys Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
  • Figure 51: Global Titanium Alloys Vanadium Market by Consumption; 2023-2028 (Thousand Tonnes)
  • Figure 52: Global Energy Storage Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
  • Figure 53: Global Energy Storage Vanadium Market by Consumption; 2023-2028 (Thousand Tonnes)
  • Figure 54: China Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
  • Figure 55: Europe Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
  • Figure 56: North America Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
  • Figure 57: Rest of World Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
  • Figure 58: Global Production of Crude Steel; 2018-2022 (Million Tonnes)
  • Figure 59: Global Construction Market Size; 2020-2030 (US$ Trillion)
  • Figure 60: Share of Urban Population in Total Population by Group of Economies; 2016, 2021 & 2050 (Percentage, %)
  • Figure 61: Global Medical Devices Market Revenue; 2021-2028 (US$ Billion)
  • Figure 62: Global EV Sales Market Share; 2017-2022 (Percentage, %)
  • Figure 63: Global Air Passenger Traffic Year-on-Year Change; March 2023 (Percentage, %)
  • Figure 64: Vanadium Oxide(V2O5) Spot Price: May 2021-October 2022 (US$/lb)
  • Figure 65: Global Demand for Vanadium in VRFB; 2019-2022 (Metric Tonnes)
  • Figure 66: Global Annual Installed Utility-Scale VRFB Battery Deployment Energy Capacity; 2022-2031 (GWH)
  • Figure 67: Global Vanadium Market Players by Vanadium Pentoxide (V2O5) Production; 2021-2022 (Tonnes)
  • Figure 68: Largo Inc. Revenues by Segment; 2022 (Percentage, %)
  • Figure 69: Bushveld Minerals Limited Revenue by Segment ;2022 (Percentage, %)
  • Figure 70: EVRAZ Revenues by Segment; 2021 (Percentage, %)
  • Figure 71: Glencore Plc Revenue by Segment; 2022 (Percentage, %)
  • Figure 72: AMG Advanced Metallurgical Group N.V. Revenue by Segment; 2022 (Percentage, %)
  • Figure 73: Ferro-Alloy Resources Limited Revenue by Segment; 2022 (Percentage, %)
目次

The global vanadium market was valued at US$2.84 billion in 2022. The market value is expected to reach US$3.93 billion by 2028. The global vanadium market production stood at 110.53 thousand tonnes in 2022 and is expected to reach 135.16 thousand tonnes by 2028. Whereas, the global vanadium market consumption stood at 112.19 thousand tonnes in 2022 and is anticipated to grow at a CAGR of approx. 3%. Vanadium is a grey, soft, ductile metal that exists in four 'oxidation states' (II, III, IV, and V). It exists naturally as a component of minerals, rather than in its pure form, and as an impurity within hydrocarbons and bauxites.

Vanadium is primarily used as an alloying element in the production of high-strength steel. Steel manufacturers utilize vanadium to enhance the strength, durability, and heat resistance of steel products. The growth in construction, infrastructure development, and automotive industries has resulted in higher steel demand, thereby driving the growth of the vanadium market in the past few years. Additionally, the adoption of renewable energy sources, such as wind and solar power, often requires energy storage systems, including VRFBs, which utilize vanadium, thus driving the demand for vanadium. The vanadium market is expected to grow at a CAGR of approx. 5% during the forecasted period of 2023-2028.

Market Segmentation Analysis:

By Type: The report provides the bifurcation of the market into five types: Vanadium Pentoxide, Vanadium Ferrovanadium, Aluminium Vanadium Alloys, Vanadium Chemicals, and Others. Vanadium pentoxide held the highest share of the market. Whereas, vanadium ferrovanadium is expected to be the fastest-growing segment in the forecasted period. Vanadium pentoxide is a crucial ingredient in the production of high-strength steel alloys. By adding small amounts of vanadium pentoxide to steel, manufacturers can significantly enhance its strength, toughness, and heat resistance. Additionally, it is used in desulfurization processes to remove sulfur from fossil fuels. Hence, owing to the increasing number of applications of vanadium pentoxide, the market demand has been growing.

By Production: The increased demand for steel translates to a higher demand for vanadium production to meet the requirements of steel manufacturers. For instance, according to GMK Center, China in January-March 2023 increased production of steel by 6.1% compared to the same period in 2022 - up to 261.56 million tons. This indicates faster production growth at large steel plants. Therefore, the increased production of steel would increase the production of vanadium.

By Source: The global vanadium market production can be divided into three segments based on the source: Co-Production, Primary, and Secondary. Co-production held the highest share of the market. Also, it is expected to be the fastest-growing segment in the forecasted period. Iron ore with a higher vanadium content offers more favorable economics for co-production, and in general terms, iron ore from China, Russia, and South Africa is particularly well suited to this approach. The bulk of China and Russia's vanadium production, and therefore global vanadium production, comes from co-production. As mining and extraction technologies improve, it becomes more feasible and cost-effective to extract vanadium as a by-product during the production of other minerals.

By Consumption: India's steel production is set to grow to 300Mt by 2030 from 118Mt in 2021. To add strength to steel, the intensity of use rate for vanadium per tonne of steel in India is about 0.039. So, with this increase in steel production, India's use of vanadium would go from 4,675 tonnes per annum (equivalent to 8,350 V2O5) to around 11,900 tonnes of vanadium (equivalent to 21,200 tonnes of V2O5). Hence, the growing spending on infrastructure and growing steel production would stimulate the consumption of vanadium in the coming years.

By End-User: The global vanadium market consumption has been analyzed based on the following end-users: Steel Alloy, Chemical & Catalyst, Titanium Alloys, and Energy Storage. Energy storage is expected to be the fastest-growing segment in the forecasted period. VRFB, which uses vanadium ions in different oxidation states to store energy, is considered to be a cost-competitive alternative to lithium-ion technology for large-scale, long-duration energy storage. Hence the use of vanadium is expected to rise in energy storage systems in the coming years.

By Region: The report provides insight into the vanadium market based on the regions namely, Asia Pacific, North America, Europe, and the Rest of the World. Asia Pacific held the highest share of the market. Many governments in the Asia Pacific region have established renewable energy policies and targets to encourage the deployment of clean energy sources. By incentivizing renewable energy adoption, governments support the growth of the vanadium market.

The global vanadium market production has been further analyzed based on the following regions namely, China, Russia, South Africa, Brazil, and the Rest of the World. China has been the largest producer and consumer of vanadium, with significant vanadium reserves and a strong presence in the steel industry, where vanadium is used as an alloying agent. Russia is the world's second-largest vanadium-producing country. The majority of its output can be attributed to EVRAZ, a vertically integrated steel, mining, and vanadium business.

Furthermore, the global vanadium market consumption has been analyzed based on the following regions: China, North America, Europe, and the Rest of the World. In 2022, vanadium demand in China has been lower than expected as a result of steel production curbs in China enforced due to the Winter Olympics and extended COVID-19 shutdowns. Moreover, China's faltering property sector, and its depressed construction sector together with environmental cuts to production, and limited steel demand & supply led to the fell back of vanadium demand in the country.

Market Dynamics:

Growth Drivers: The global vanadium market growth is predicted to be supported by numerous growth drivers such as increasing steel production, growing construction sector, rapid urbanization, escalating medical devices industry, increasing demand for electric vehicles, escalating use in the chemical industry, and many other factors. Vanadium is primarily used as an alloying element in steel production. It is added to steel in small amounts to improve its mechanical properties, such as strength, hardness, and toughness. Vanadium-containing steels, commonly known as high-strength or high-performance steels, find applications in various industries, including construction, automotive, machinery, and infrastructure. The growth in steel production directly translates to increased demand for vanadium as an alloying element.

Challenges: However, the market growth would be negatively impacted by various challenges such as price volatility, environmental and regulatory considerations, competition from substitutes, etc. Volatile prices make it challenging to plan production, manage costs, and make long-term investment decisions. This uncertainty can lead to a reluctance to invest in new projects or expand existing operations, thereby hindering the growth of the vanadium market.

Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as increasing demand for the VRFBs, research and development for new applications, exploration, and development of vanadium deposits, technological advancements, etc. Vanadium redox flow batteries (VRFBs) require a significant amount of vanadium for their operation. The electrolyte in VRFBs consists of vanadium ions in different oxidation states, which allow for the storage and release of electrical energy. As the adoption of VRFBs increases, the demand for vanadium as a key component in the electrolyte will also rise, resulting in increased vanadium consumption.

Impact Analysis of COVID-19 and Way Forward:

The COVID-19 pandemic has led to disruptions in mining operations, production facilities, and supply chains worldwide. Moreover, reduced construction activities, factory shutdowns, and decreased demand for vehicles have led to a decline in the consumption of vanadium-containing products in the initial period of 2020. However, as economies gradually reopened and stimulus measures were implemented, several industries started to recover, leading to increased demand for vanadium-containing products. In the post-COVID era, the recovery of global economies, infrastructure development projects, and the adoption of energy storage technologies would play significant roles in shaping the future market value of vanadium.

Competitive Landscape:

The global vanadium market is fragmented, with several key players operating on a global scale. The key players in the global vanadium market are:

Largo Inc.

Bushveld Minerals Limited

EVRAZ

Glencore Plc

AMG Advanced Metallurgical Group N.V.(AMG Vanadium LLC)

Ferro-Alloy Resources Limited

HBIS Group

Essel Mining & Industries Limited

Western Uranium & Vanadium Corp.

Voyager Metals Inc.

Australian Vanadium Ltd.

VanadiumCorp Resource Inc.

In 2022, Australian Vanadium produces 11,200 tonnes of vanadium pentoxide (V2O5), increasing from 11,022 tonnes in 2021. Also, in June 2023, AVL received US$9.8 million from the Australian government as part of the Modern Manufacturing Initiative. This funding would be used to support the development of AVL's vanadium redox flow battery manufacturing facility in Western Australia. On the other hand, in 2022, AMG Advanced Metallurgical Group N.V. announced the Management Board has approved to build of a Vanadium Electrolyte plant at the company's subsidiary, AMG Titanium, in Nuremberg, Germany. The target capacity is 6,000 m³ vanadium electrolyte.

Table of Contents

    1. Executive Summary

    2. Introduction

    • 2.1 Vanadium: An Overview
      • 2.1.1 Introduction to Vanadium
      • 2.1.2 Uses of Vanadium
    • 2.2 Vanadium Segmentation: An Overview
      • 2.2.1 Vanadium Segmentation

    3. Global Market Analysis

    • 3.1 Global Vanadium Market: An Analysis
      • 3.1.1 Global Vanadium Market: An Overview
      • 3.1.2 Global Vanadium Market by Value
      • 3.1.3 Global Vanadium Market by Type (Vanadium Pentoxide, Vanadium Ferrovanadium, Aluminium Vanadium Alloys, Vanadium Chemicals, and Others)
      • 3.1.4 Global Vanadium Market by Region (Asia Pacific, Europe, North America, and Rest of the World)
    • 3.2 Global Vanadium Market: Type Analysis
      • 3.2.1 Global Vanadium Market by Type: An Overview
      • 3.2.2 Global Vanadium Pentoxide Market by Value
      • 3.2.3 Global Vanadium Ferrovanadium Market by Value
      • 3.2.4 Global Aluminium Vanadium Alloys Market by Value
      • 3.2.5 Global Vanadium Chemicals Market by Value
      • 3.2.6 Global Others Vanadium Market by Value
    • 3.3 Global Vanadium Market: Regional Analysis
      • 3.3.1 Global Vanadium Market by Region: An Overview
      • 3.3.2 Asia Pacific Vanadium Market by Value
      • 3.3.3 Europe Vanadium Market by Value
      • 3.3.4 North America Vanadium Market by Value
      • 3.3.5 Rest of World Vanadium Market by Value
    • 3.4 Global Vanadium Market: Reserve Analysis
      • 3.4.1 Global Vanadium Market by Reserve: An Overview
      • 3.4.2 Global Vanadium Market by Reserves

    4. Production Analysis

    • 4.1 Global Vanadium Market Production: An Analysis
      • 4.1.1 Global Vanadium Market by Production: An Overview
      • 4.1.2 Global Vanadium Market by Production
      • 4.1.3 Global Vanadium Market Production by Source (Co-production, Primary, and Secondary)
      • 4.1.4 Global Vanadium Market Production by Region (China, Russia, South Africa, Brazil, and Rest of the World)
      • 4.1.5 Global Vanadium Market Primary Production by Region (South Africa, Brazil, and China)
    • 4.2 Global Vanadium Market Production: Source Analysis
      • 4.2.1 Global Vanadium Market Production by Source: An Overview
      • 4.2.2 Global Vanadium Market by Co-Production
      • 4.2.3 Global Vanadium Market by Primary Production
      • 4.2.4 Global Vanadium Market by Secondary Production
    • 4.3 Global Vanadium Market Production: Regional Analysis
      • 4.3.1 Global Vanadium Market Production by Region: An Overview
      • 4.3.2 China Vanadium Market by Production
      • 4.3.3 Russia Vanadium Market by Production
      • 4.3.4 South Africa Vanadium Market by Production
      • 4.3.5 Brazil Vanadium Market by Production
      • 4.3.6 Rest of World Vanadium Market by Production

    5. Consumption Analysis

    • 5.1 Global Vanadium Market Consumption: An Analysis
      • 5.1.1 Global Vanadium Market by Consumption: An Overview
      • 5.1.2 Global Vanadium Market by Consumption
      • 5.1.3 Global Vanadium Market Consumption by End-User (Steel Alloy, Chemical & Catalyst, Titanium Alloys, and Energy Storage)
      • 5.1.4 Global Vanadium Market Consumption by Region (China, Europe, North America, and Rest of the World)
    • 5.2 Global Vanadium Market Consumption: End-User Analysis
      • 5.2.1 Global Vanadium Market Consumption by End-User: An Overview
      • 5.2.2 Global Steel Alloy Vanadium Market by Consumption
      • 5.2.3 Global Chemical & Catalyst Vanadium Market by Consumption
      • 5.2.4 Global Titanium Alloys Vanadium Market by Consumption
      • 5.2.5 Global Energy Storage Vanadium Market by Consumption
    • 5.3 Global Vanadium Market Consumption: Regional Analysis
      • 5.3.1 Global Vanadium Market Consumption by Region: An Overview
      • 5.3.2 China Vanadium Market by Consumption
      • 5.3.3 Europe Vanadium Market by Consumption
      • 5.3.4 North America Vanadium Market by Consumption
      • 5.3.5 Rest of World Vanadium Market by Consumption

    6. Impact of COVID-19

    • 6.1 Impact of COVID -19 on Global Vanadium Market
    • 6.2 Post COVID -19 Impact on Global Vanadium Market

    7. Market Dynamics

    • 7.1 Growth Drivers
      • 7.1.1 Increasing Steel Production
      • 7.1.2 Growing Construction Sector
      • 7.1.3 Rapid Urbanization
      • 7.1.4 Escalating Medical Devices Industry
      • 7.1.5 Increasing Demand for Electric Vehicles (EVs)
      • 7.1.6 Growing Air Passenger Traffic
      • 7.1.7 Escalating Use in Chemical Industry
    • 7.2 Challenges
      • 7.2.1 Price Volatility
      • 7.2.2 Environmental And Regulatory Considerations
      • 7.2.3 Competition from Substitutes
    • 7.3 Market Trends
      • 7.3.1 Increasing Demand for the Vanadium Redox Flow Batteries (VRFBs)
      • 7.3.2 Increasing Regulation on Air Pollution Control
      • 7.3.3 Research and Development for New Applications
      • 7.3.4 Exploration and Development of Vanadium Deposits
      • 7.3.5 Technological Advancements

    8. Competitive Landscape

    • 8.1 Global Vanadium Market Players by Vanadium Pentoxide Production
    • 8.2 Global Vanadium Market Players: Resources Comparison
    • 8.3 Global Vanadium Market Players: Ore Reserves Comparison

    9. Company Profiles

    • 9.1 Largo Inc.
      • 9.1.1 Business Overview
      • 9.1.2 Operating Segments
      • 9.1.3 Business Strategy
    • 9.2 Bushveld Minerals Limited
      • 9.2.1 Business Overview
      • 9.2.2 Operating Segments
      • 9.2.3 Business Strategy
    • 9.3 EVRAZ
      • 9.3.1 Business Overview
      • 9.3.2 Operating Segments
      • 9.3.3 Business Strategy
    • 9.4 Glencore Plc
      • 9.4.1 Business Overview
      • 9.4.2 Operating Segments
      • 9.4.3 Business Strategy
    • 9.5 AMG Advanced Metallurgical Group N.V.(AMG Vanadium LLC)
      • 9.5.1 Business Overview
      • 9.5.2 Operating Segments
      • 9.5.3 Business Strategy
    • 9.6 Ferro-Alloy Resources Limited
      • 9.6.1 Business Overview
      • 9.6.2 Operating Segments
      • 9.6.3 Business Strategy
    • 9.7 HBIS Group
      • 9.7.1 Business Overview
      • 9.7.2 Business Strategy
    • 9.8 Essel Mining & Industries Limited
      • 9.8.1 Business Overview
      • 9.8.2 Business Strategy
    • 9.9 Western Uranium & Vanadium Corp.
      • 9.9.1 Business Overview
      • 9.9.2 Business Strategy
    • 9.10 Voyager Metals Inc.
      • 9.10.1 Business Overview
      • 9.10.2 Business Strategy
    • 9.11 Australian Vanadium Ltd.
      • 9.11.1 Business Overview
      • 9.11.2 Business Strategy
    • 9.12 VanadiumCorp Resource Inc.
      • 9.12.1 Business Overview
      • 9.12.2 Business Strategy