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フェロバナジウム市場の2030年までの予測:グレード別、製造プロセス別、用途別、エンドユーザー別、地域別の世界分析

Ferrovanadium Market Forecasts to 2030 - Global Analysis By Grade (FeV40, FeV50, FeV60, FeV75 and Other Grades), Manufacturing Process, Application, End User and By Geography


出版日
ページ情報
英文 200+ Pages
納期
2~3営業日
カスタマイズ可能
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=144.06円
フェロバナジウム市場の2030年までの予測:グレード別、製造プロセス別、用途別、エンドユーザー別、地域別の世界分析
出版日: 2025年02月02日
発行: Stratistics Market Research Consulting
ページ情報: 英文 200+ Pages
納期: 2~3営業日
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  • 全表示
  • 概要
  • 図表
  • 目次
概要

Stratistics MRCによると、世界のフェロバナジウム市場は2024年に41億米ドルを占め、予測期間中のCAGRは6.7%で成長し、2030年には61億米ドルに達する見込みです。

フェロバナジウムは主に鉄とバナジウムで構成される合金で、通常バナジウムを35%~85%含みます。この合金は、鉄とバナジウムの酸化物を電気アーク炉で結合させることによって製造され、多くの場合、炭素、アルミニウム、硫黄、マンガンなどの他の元素が少量添加されます。フェロバナジウムは、灰色がかった結晶の外観で知られ、しばしば粉砕されてフェロバナジウム・ダストと呼ばれる粉末になります。鉄鋼製品の硬度、強度、耐食性を高めるため、鉄鋼産業で広く使用されています。さらに、フェロバナジウムは、高強度低合金鋼、工具鋼、さまざまな鉄系製品の製造にも利用されています。そのユニークな特性により、耐久性と弾力性のある材料を必要とする用途では貴重な添加剤となっています。

高強度鋼の需要増加

建設、自動車、航空宇宙などの産業で高強度低合金鋼のニーズが高まっていることが、フェロバナジウム市場の主要促進要因となっています。これらの産業は、強化された強度、耐久性、耐食性を提供する材料を必要とします。フェロバナジウムは、こうした高性能鋼の生産に不可欠な合金元素です。都市化インフラプロジェクトが世界的に拡大するにつれ、堅牢な鋼材の需要が増加します。この需要の高まりが、フェロバナジウム市場の成長を後押ししています。

限られたバナジウム埋蔵量

フェロバナジウムの重要な成分であるバナジウムの入手可能性は、世界の埋蔵量の限界によって制約されています。バナジウムの大半は一部の主要地域から調達されており、供給の脆弱性につながっています。地政学的・経済的要因によるバナジウム価格の変動は、フェロバナジウムのコストと供給力に影響を及ぼす可能性があります。さらに、バナジウムの抽出と加工には環境規制が適用されるため、供給がさらに制限される可能性があります。こうした制約は、フェロバナジウム市場の成長にとって大きな課題となります。

採掘技術と合金生産技術の革新

採掘技術と合金生産方法の進歩は、フェロバナジウム市場に大きな機会を記載しています。バナジウムの抽出と加工における新しい技術は、効率を改善し、環境への影響を減らすことができます。合金化プロセスの革新はフェロバナジウムの特性を高め、高性能鋼の用途により望ましいものにすることができます。これらの技術的進歩はまた、生産コストを低下させ、フェロバナジウムをより広範な産業にとってより利用しやすくすることができます。このセグメントで進行中の研究開発努力は、大幅な成長の可能性を示しています。

合金鋼の代替材料

代替材料と合金の開発と採用は、フェロバナジウム市場に脅威を与えます。一部の産業は、より低コストで類似の、あるいはより優れた特性を提供できる他の合金元素を模索しています。例えば、チタンやアルミニウムを使用した合金は、特定の用途で競争上の優位性を提供する可能性があります。こうした代替材料が広く受け入れられるようになると、フェロバナジウムの需要が減少する可能性があります。市場は、その関連性と競合を維持するために、絶えず革新を続けなければならないです。

COVID-19の影響

COVID-19の大流行は、フェロバナジウム市場にさまざまな影響を与えました。サプライチェーンの混乱と産業活動の減少は、当初は生産と需要に影響を与えたが、回復局面では、建設とインフラプロジェクトにおける高強度鋼の需要が増加しました。パンデミックは、弾力性のあるサプライチェーンの必要性を強調し、重要な用途におけるフェロバナジウムの重要性を浮き彫りにしました。経済が回復するにつれて、フェロバナジウム需要は回復し、成長すると予想されます。パンデミックから学んだ教訓は、市場のさらなる革新と適応を促進すると考えられます。

FeV50セグメントは予測期間中最大となる見込み

FeV50セグメントは、予測期間中最大の市場シェアを占めると予想されます。バナジウム含有量が高いため、高強度低合金鋼の製造に特に有用です。建設、自動車、航空宇宙産業でFeV50が広く使用されていることが、その需要を後押ししています。加えて、引張強度の向上や耐摩耗性、耐腐食性といったFeV50の優れた特性により、様々な用途で好まれています。その結果、FeV50セグメントは市場で主導的地位を維持すると予想されます。

予測期間中、製鋼セグメントのCAGRが最も高くなると予想される

予測期間中、鉄鋼生産におけるフェロバナジウムの採用が増加しているため、製鋼セグメントが最も高い成長率を示すと予測されます。合金元素としてフェロバナジウムを必要とする高強度鋼は、様々な産業で需要が高まっています。強化された性能、耐久性、持続可能性を提供する材料へのニーズが、製鋼セグメントの成長を牽引しています。鉄鋼製造プロセスの革新と新鋼種の開発は、このセグメントをさらに押し上げます。効率と品質を重視する製鉄産業は、今後もフェロバナジウムの需要を牽引すると考えられます。

最大のシェアを持つ地域

予測期間中、北米地域が最大の市場シェアを占めると予想されます。同地域の先進的産業インフラと、鉄鋼と航空宇宙産業における主要参入企業の強力な存在が、同地域の優位性に寄与しています。北米は技術革新と高品質の製造基準に重点を置いており、フェロバナジウムのような高性能材料の需要を牽引しています。同地域はまた、有利な政府施策とインフラプロジェクトへの投資からも恩恵を受けています。その結果、北米はフェロバナジウム市場で主導的地位を維持する態勢を整えています。

CAGRが最も高い地域

予測期間中、中国、インド、東南アジア諸国などの急速な工業化、都市化、インフラ開発により、アジア太平洋が最も高いCAGRを示すと予想されます。この地域の自動車産業と建設産業の拡大は、フェロバナジウム市場の成長にさらに貢献しています。さらに、製造と技術進歩への投資の増加が、この地域の堅調な成長を支えています。アジア太平洋市場は、経済開拓と産業成長に牽引され、大幅な拡大が見込まれています。

無料のカスタマイズサービス

本レポートをご購読の顧客には、以下の無料カスタマイズオプションのいずれかをご利用いただけます。

  • 企業プロファイル
    • 追加市場参入企業の包括的プロファイリング(3社まで)
    • 主要企業のSWOT分析(3社まで)
  • 地域セグメンテーション
    • 顧客の関心に応じた主要国の市場推定・予測・CAGR(注:フィージビリティチェックによる)
  • 競合ベンチマーキング
    • 製品ポートフォリオ、地理的プレゼンス、戦略的提携による主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

  • 概要
  • ステークホルダー
  • 調査範囲
  • 調査手法
    • データマイニング
    • データ分析
    • データ検証
    • 調査アプローチ
  • 調査情報源
    • 1次調査情報源
    • 2次調査情報源
    • 前提条件

第3章 市場動向分析

  • イントロダクション
  • 促進要因
  • 抑制要因
  • 機会
  • 脅威
  • 用途分析
  • エンドユーザー分析
  • 新興市場
  • COVID-19の影響

第4章 ポーターのファイブフォース分析

  • 供給企業の交渉力
  • 買い手の交渉力
  • 代替品の脅威
  • 新規参入業者の脅威
  • 競争企業間の敵対関係

第5章 世界のフェロバナジウム市場:グレード別

  • イントロダクション
  • FeV40
  • FeV50
  • FeV60
  • FeV75
  • その他

第6章 世界のフェロバナジウム市場:製造プロセス別

  • イントロダクション
  • アルミノテルミット還元法
  • シリコン削減技術

第7章 世界のフェロバナジウム市場:用途別

  • イントロダクション
  • 製鉄
  • 耐腐食合金
  • 工具鋼
  • 高強度鋼
  • その他

第8章 世界のフェロバナジウム市場:エンドユーザー別

  • イントロダクション
  • 自動車
  • 建設
  • エネルギー
  • 航空宇宙
  • 医療
  • その他

第9章 世界のフェロバナジウム市場:地域別

  • イントロダクション
  • 北米
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • 英国
    • イタリア
    • フランス
    • スペイン
    • その他の欧州
  • アジア太平洋
    • 日本
    • 中国
    • インド
    • オーストラリア
    • ニュージーランド
    • 韓国
    • その他のアジア太平洋
  • 南米
    • アルゼンチン
    • ブラジル
    • チリ
    • その他の南米
  • 中東・アフリカ
    • サウジアラビア
    • アラブ首長国連邦
    • カタール
    • 南アフリカ
    • その他の中東・アフリカ

第10章 主要開発

  • 契約、パートナーシップ、コラボレーション、合弁事業
  • 買収と合併
  • 新製品発売
  • 事業拡大
  • その他の主要戦略

第11章 企業プロファイリング

  • Advanced Metallurgical Group
  • Atlantic Ltd.
  • Bear Metallurgical Company
  • Bushveld Minerals Limited
  • Core Metals Group
  • Elkem
  • Evraz PLC
  • Gulf Chemical & Metallurgical Corporation
  • HBIS Chengsteel
  • Hickman
  • JFE Material
  • OM Holdings
  • Pangang
  • Shiva Metals Energy
  • Tremond Metals Corp
  • Williams
図表

List of Tables

  • Table 1 Global Ferrovanadium Market Outlook, By Region (2022-2030) ($MN)
  • Table 2 Global Ferrovanadium Market Outlook, By Grade (2022-2030) ($MN)
  • Table 3 Global Ferrovanadium Market Outlook, By FeV40 (2022-2030) ($MN)
  • Table 4 Global Ferrovanadium Market Outlook, By FeV50 (2022-2030) ($MN)
  • Table 5 Global Ferrovanadium Market Outlook, By FeV60 (2022-2030) ($MN)
  • Table 6 Global Ferrovanadium Market Outlook, By FeV75 (2022-2030) ($MN)
  • Table 7 Global Ferrovanadium Market Outlook, By Other Grades (2022-2030) ($MN)
  • Table 8 Global Ferrovanadium Market Outlook, By Manufacturing Process (2022-2030) ($MN)
  • Table 9 Global Ferrovanadium Market Outlook, By Aluminothermic Reduction Technique (2022-2030) ($MN)
  • Table 10 Global Ferrovanadium Market Outlook, By Silicon Reduction Technique (2022-2030) ($MN)
  • Table 11 Global Ferrovanadium Market Outlook, By Application (2022-2030) ($MN)
  • Table 12 Global Ferrovanadium Market Outlook, By Steelmaking (2022-2030) ($MN)
  • Table 13 Global Ferrovanadium Market Outlook, By Corrosion-Resistant Alloys (2022-2030) ($MN)
  • Table 14 Global Ferrovanadium Market Outlook, By Tool Steels (2022-2030) ($MN)
  • Table 15 Global Ferrovanadium Market Outlook, By High-Strength Steel (2022-2030) ($MN)
  • Table 16 Global Ferrovanadium Market Outlook, By Other Applications (2022-2030) ($MN)
  • Table 17 Global Ferrovanadium Market Outlook, By End User (2022-2030) ($MN)
  • Table 18 Global Ferrovanadium Market Outlook, By Automotive (2022-2030) ($MN)
  • Table 19 Global Ferrovanadium Market Outlook, By Construction (2022-2030) ($MN)
  • Table 20 Global Ferrovanadium Market Outlook, By Energy (2022-2030) ($MN)
  • Table 21 Global Ferrovanadium Market Outlook, By Aerospace (2022-2030) ($MN)
  • Table 22 Global Ferrovanadium Market Outlook, By Medical (2022-2030) ($MN)
  • Table 23 Global Ferrovanadium Market Outlook, By Other End Users (2022-2030) ($MN)
  • Table 24 North America Ferrovanadium Market Outlook, By Country (2022-2030) ($MN)
  • Table 25 North America Ferrovanadium Market Outlook, By Grade (2022-2030) ($MN)
  • Table 26 North America Ferrovanadium Market Outlook, By FeV40 (2022-2030) ($MN)
  • Table 27 North America Ferrovanadium Market Outlook, By FeV50 (2022-2030) ($MN)
  • Table 28 North America Ferrovanadium Market Outlook, By FeV60 (2022-2030) ($MN)
  • Table 29 North America Ferrovanadium Market Outlook, By FeV75 (2022-2030) ($MN)
  • Table 30 North America Ferrovanadium Market Outlook, By Other Grades (2022-2030) ($MN)
  • Table 31 North America Ferrovanadium Market Outlook, By Manufacturing Process (2022-2030) ($MN)
  • Table 32 North America Ferrovanadium Market Outlook, By Aluminothermic Reduction Technique (2022-2030) ($MN)
  • Table 33 North America Ferrovanadium Market Outlook, By Silicon Reduction Technique (2022-2030) ($MN)
  • Table 34 North America Ferrovanadium Market Outlook, By Application (2022-2030) ($MN)
  • Table 35 North America Ferrovanadium Market Outlook, By Steelmaking (2022-2030) ($MN)
  • Table 36 North America Ferrovanadium Market Outlook, By Corrosion-Resistant Alloys (2022-2030) ($MN)
  • Table 37 North America Ferrovanadium Market Outlook, By Tool Steels (2022-2030) ($MN)
  • Table 38 North America Ferrovanadium Market Outlook, By High-Strength Steel (2022-2030) ($MN)
  • Table 39 North America Ferrovanadium Market Outlook, By Other Applications (2022-2030) ($MN)
  • Table 40 North America Ferrovanadium Market Outlook, By End User (2022-2030) ($MN)
  • Table 41 North America Ferrovanadium Market Outlook, By Automotive (2022-2030) ($MN)
  • Table 42 North America Ferrovanadium Market Outlook, By Construction (2022-2030) ($MN)
  • Table 43 North America Ferrovanadium Market Outlook, By Energy (2022-2030) ($MN)
  • Table 44 North America Ferrovanadium Market Outlook, By Aerospace (2022-2030) ($MN)
  • Table 45 North America Ferrovanadium Market Outlook, By Medical (2022-2030) ($MN)
  • Table 46 North America Ferrovanadium Market Outlook, By Other End Users (2022-2030) ($MN)
  • Table 47 Europe Ferrovanadium Market Outlook, By Country (2022-2030) ($MN)
  • Table 48 Europe Ferrovanadium Market Outlook, By Grade (2022-2030) ($MN)
  • Table 49 Europe Ferrovanadium Market Outlook, By FeV40 (2022-2030) ($MN)
  • Table 50 Europe Ferrovanadium Market Outlook, By FeV50 (2022-2030) ($MN)
  • Table 51 Europe Ferrovanadium Market Outlook, By FeV60 (2022-2030) ($MN)
  • Table 52 Europe Ferrovanadium Market Outlook, By FeV75 (2022-2030) ($MN)
  • Table 53 Europe Ferrovanadium Market Outlook, By Other Grades (2022-2030) ($MN)
  • Table 54 Europe Ferrovanadium Market Outlook, By Manufacturing Process (2022-2030) ($MN)
  • Table 55 Europe Ferrovanadium Market Outlook, By Aluminothermic Reduction Technique (2022-2030) ($MN)
  • Table 56 Europe Ferrovanadium Market Outlook, By Silicon Reduction Technique (2022-2030) ($MN)
  • Table 57 Europe Ferrovanadium Market Outlook, By Application (2022-2030) ($MN)
  • Table 58 Europe Ferrovanadium Market Outlook, By Steelmaking (2022-2030) ($MN)
  • Table 59 Europe Ferrovanadium Market Outlook, By Corrosion-Resistant Alloys (2022-2030) ($MN)
  • Table 60 Europe Ferrovanadium Market Outlook, By Tool Steels (2022-2030) ($MN)
  • Table 61 Europe Ferrovanadium Market Outlook, By High-Strength Steel (2022-2030) ($MN)
  • Table 62 Europe Ferrovanadium Market Outlook, By Other Applications (2022-2030) ($MN)
  • Table 63 Europe Ferrovanadium Market Outlook, By End User (2022-2030) ($MN)
  • Table 64 Europe Ferrovanadium Market Outlook, By Automotive (2022-2030) ($MN)
  • Table 65 Europe Ferrovanadium Market Outlook, By Construction (2022-2030) ($MN)
  • Table 66 Europe Ferrovanadium Market Outlook, By Energy (2022-2030) ($MN)
  • Table 67 Europe Ferrovanadium Market Outlook, By Aerospace (2022-2030) ($MN)
  • Table 68 Europe Ferrovanadium Market Outlook, By Medical (2022-2030) ($MN)
  • Table 69 Europe Ferrovanadium Market Outlook, By Other End Users (2022-2030) ($MN)
  • Table 70 Asia Pacific Ferrovanadium Market Outlook, By Country (2022-2030) ($MN)
  • Table 71 Asia Pacific Ferrovanadium Market Outlook, By Grade (2022-2030) ($MN)
  • Table 72 Asia Pacific Ferrovanadium Market Outlook, By FeV40 (2022-2030) ($MN)
  • Table 73 Asia Pacific Ferrovanadium Market Outlook, By FeV50 (2022-2030) ($MN)
  • Table 74 Asia Pacific Ferrovanadium Market Outlook, By FeV60 (2022-2030) ($MN)
  • Table 75 Asia Pacific Ferrovanadium Market Outlook, By FeV75 (2022-2030) ($MN)
  • Table 76 Asia Pacific Ferrovanadium Market Outlook, By Other Grades (2022-2030) ($MN)
  • Table 77 Asia Pacific Ferrovanadium Market Outlook, By Manufacturing Process (2022-2030) ($MN)
  • Table 78 Asia Pacific Ferrovanadium Market Outlook, By Aluminothermic Reduction Technique (2022-2030) ($MN)
  • Table 79 Asia Pacific Ferrovanadium Market Outlook, By Silicon Reduction Technique (2022-2030) ($MN)
  • Table 80 Asia Pacific Ferrovanadium Market Outlook, By Application (2022-2030) ($MN)
  • Table 81 Asia Pacific Ferrovanadium Market Outlook, By Steelmaking (2022-2030) ($MN)
  • Table 82 Asia Pacific Ferrovanadium Market Outlook, By Corrosion-Resistant Alloys (2022-2030) ($MN)
  • Table 83 Asia Pacific Ferrovanadium Market Outlook, By Tool Steels (2022-2030) ($MN)
  • Table 84 Asia Pacific Ferrovanadium Market Outlook, By High-Strength Steel (2022-2030) ($MN)
  • Table 85 Asia Pacific Ferrovanadium Market Outlook, By Other Applications (2022-2030) ($MN)
  • Table 86 Asia Pacific Ferrovanadium Market Outlook, By End User (2022-2030) ($MN)
  • Table 87 Asia Pacific Ferrovanadium Market Outlook, By Automotive (2022-2030) ($MN)
  • Table 88 Asia Pacific Ferrovanadium Market Outlook, By Construction (2022-2030) ($MN)
  • Table 89 Asia Pacific Ferrovanadium Market Outlook, By Energy (2022-2030) ($MN)
  • Table 90 Asia Pacific Ferrovanadium Market Outlook, By Aerospace (2022-2030) ($MN)
  • Table 91 Asia Pacific Ferrovanadium Market Outlook, By Medical (2022-2030) ($MN)
  • Table 92 Asia Pacific Ferrovanadium Market Outlook, By Other End Users (2022-2030) ($MN)
  • Table 93 South America Ferrovanadium Market Outlook, By Country (2022-2030) ($MN)
  • Table 94 South America Ferrovanadium Market Outlook, By Grade (2022-2030) ($MN)
  • Table 95 South America Ferrovanadium Market Outlook, By FeV40 (2022-2030) ($MN)
  • Table 96 South America Ferrovanadium Market Outlook, By FeV50 (2022-2030) ($MN)
  • Table 97 South America Ferrovanadium Market Outlook, By FeV60 (2022-2030) ($MN)
  • Table 98 South America Ferrovanadium Market Outlook, By FeV75 (2022-2030) ($MN)
  • Table 99 South America Ferrovanadium Market Outlook, By Other Grades (2022-2030) ($MN)
  • Table 100 South America Ferrovanadium Market Outlook, By Manufacturing Process (2022-2030) ($MN)
  • Table 101 South America Ferrovanadium Market Outlook, By Aluminothermic Reduction Technique (2022-2030) ($MN)
  • Table 102 South America Ferrovanadium Market Outlook, By Silicon Reduction Technique (2022-2030) ($MN)
  • Table 103 South America Ferrovanadium Market Outlook, By Application (2022-2030) ($MN)
  • Table 104 South America Ferrovanadium Market Outlook, By Steelmaking (2022-2030) ($MN)
  • Table 105 South America Ferrovanadium Market Outlook, By Corrosion-Resistant Alloys (2022-2030) ($MN)
  • Table 106 South America Ferrovanadium Market Outlook, By Tool Steels (2022-2030) ($MN)
  • Table 107 South America Ferrovanadium Market Outlook, By High-Strength Steel (2022-2030) ($MN)
  • Table 108 South America Ferrovanadium Market Outlook, By Other Applications (2022-2030) ($MN)
  • Table 109 South America Ferrovanadium Market Outlook, By End User (2022-2030) ($MN)
  • Table 110 South America Ferrovanadium Market Outlook, By Automotive (2022-2030) ($MN)
  • Table 111 South America Ferrovanadium Market Outlook, By Construction (2022-2030) ($MN)
  • Table 112 South America Ferrovanadium Market Outlook, By Energy (2022-2030) ($MN)
  • Table 113 South America Ferrovanadium Market Outlook, By Aerospace (2022-2030) ($MN)
  • Table 114 South America Ferrovanadium Market Outlook, By Medical (2022-2030) ($MN)
  • Table 115 South America Ferrovanadium Market Outlook, By Other End Users (2022-2030) ($MN)
  • Table 116 Middle East & Africa Ferrovanadium Market Outlook, By Country (2022-2030) ($MN)
  • Table 117 Middle East & Africa Ferrovanadium Market Outlook, By Grade (2022-2030) ($MN)
  • Table 118 Middle East & Africa Ferrovanadium Market Outlook, By FeV40 (2022-2030) ($MN)
  • Table 119 Middle East & Africa Ferrovanadium Market Outlook, By FeV50 (2022-2030) ($MN)
  • Table 120 Middle East & Africa Ferrovanadium Market Outlook, By FeV60 (2022-2030) ($MN)
  • Table 121 Middle East & Africa Ferrovanadium Market Outlook, By FeV75 (2022-2030) ($MN)
  • Table 122 Middle East & Africa Ferrovanadium Market Outlook, By Other Grades (2022-2030) ($MN)
  • Table 123 Middle East & Africa Ferrovanadium Market Outlook, By Manufacturing Process (2022-2030) ($MN)
  • Table 124 Middle East & Africa Ferrovanadium Market Outlook, By Aluminothermic Reduction Technique (2022-2030) ($MN)
  • Table 125 Middle East & Africa Ferrovanadium Market Outlook, By Silicon Reduction Technique (2022-2030) ($MN)
  • Table 126 Middle East & Africa Ferrovanadium Market Outlook, By Application (2022-2030) ($MN)
  • Table 127 Middle East & Africa Ferrovanadium Market Outlook, By Steelmaking (2022-2030) ($MN)
  • Table 128 Middle East & Africa Ferrovanadium Market Outlook, By Corrosion-Resistant Alloys (2022-2030) ($MN)
  • Table 129 Middle East & Africa Ferrovanadium Market Outlook, By Tool Steels (2022-2030) ($MN)
  • Table 130 Middle East & Africa Ferrovanadium Market Outlook, By High-Strength Steel (2022-2030) ($MN)
  • Table 131 Middle East & Africa Ferrovanadium Market Outlook, By Other Applications (2022-2030) ($MN)
  • Table 132 Middle East & Africa Ferrovanadium Market Outlook, By End User (2022-2030) ($MN)
  • Table 133 Middle East & Africa Ferrovanadium Market Outlook, By Automotive (2022-2030) ($MN)
  • Table 134 Middle East & Africa Ferrovanadium Market Outlook, By Construction (2022-2030) ($MN)
  • Table 135 Middle East & Africa Ferrovanadium Market Outlook, By Energy (2022-2030) ($MN)
  • Table 136 Middle East & Africa Ferrovanadium Market Outlook, By Aerospace (2022-2030) ($MN)
  • Table 137 Middle East & Africa Ferrovanadium Market Outlook, By Medical (2022-2030) ($MN)
  • Table 138 Middle East & Africa Ferrovanadium Market Outlook, By Other End Users (2022-2030) ($MN)
目次
Product Code: SMRC28703

According to Stratistics MRC, the Global Ferrovanadium Market is accounted for $4.1 billion in 2024 and is expected to reach $6.1 billion by 2030 growing at a CAGR of 6.7% during the forecast period. Ferrovanadium is an alloy composed primarily of iron and vanadium, typically containing 35% to 85% vanadium. This alloy is produced by combining iron and vanadium oxides in an electric arc furnace, often with small amounts of other elements like carbon, aluminum, sulfur, and manganese. Ferrovanadium is known for its grayish crystalline appearance and is often crushed into a powder called ferrovanadium dust. It is widely used in the steel industry to enhance the hardness, strength, and corrosion resistance of steel products. Additionally, ferrovanadium is utilized in the production of high-strength low-alloy steel, tool steels, and various ferrous-based products. Its unique properties make it a valuable additive in applications requiring durable and resilient materials.

Market Dynamics:

Driver:

Rising demand for high-strength steel

The growing need for high-strength, low-alloy steel in industries such as construction, automotive, and aerospace is a major driver for the ferrovanadium market. These industries require materials that offer enhanced strength, durability, and corrosion resistance. Ferrovanadium is an essential alloying element in the production of these high-performance steels. As, urbanization infrastructure projects expand globally, the demand for robust steel products increases. This rising demand fuels the growth of the ferrovanadium market.

Restraint:

Limited vanadium reserves

The availability of vanadium, a critical component of ferrovanadium, is constrained by limited global reserves. Most vanadium is sourced from a few key regions, leading to supply vulnerabilities. Fluctuations in vanadium prices due to geopolitical and economic factors can impact the cost and availability of ferrovanadium. Additionally, the extraction and processing of vanadium are subject to environmental regulations, which can further limit supply. These constraints pose a significant challenge to the growth of the ferrovanadium market.

Opportunity:

Innovations in mining and alloy production techniques

Advancements in mining technologies and alloy production methods offer significant opportunities for the ferrovanadium market. New techniques in vanadium extraction and processing can improve efficiency and reduce environmental impact. Innovations in alloying processes can enhance the properties of ferrovanadium, making it more desirable for high-performance steel applications. These technological advancements can also lower production costs, making ferrovanadium more accessible to a broader range of industries. The ongoing research and development efforts in this field present substantial growth potential.

Threat:

Alternatives in steel alloys

The development and adoption of alternative materials and alloys pose a threat to the ferrovanadium market. Some industries are exploring other alloying elements that can provide similar or superior properties at a lower cost. For instance, alloys using titanium or aluminum may offer competitive advantages in certain applications. As these alternatives become more widely accepted, they could reduce the demand for ferrovanadium. The market must continuously innovate to maintain its relevance and competitive edge.

Covid-19 Impact

The Covid-19 pandemic had a mixed impact on the ferrovanadium market. While disruptions in supply chains and reduced industrial activity initially affected production and demand, the recovery phase saw increased demand for high-strength steel in construction and infrastructure projects. The pandemic underscored the need for resilient supply chains and highlighted the importance of ferrovanadium in critical applications. As economies rebound, the demand for ferrovanadium is expected to recover and grow. The lessons learned from the pandemic are likely to drive further innovation and adaptation in the market.

The FeV50 segment is expected to be the largest during the forecast period

The FeV50 segment is expected to account for the largest market share during the forecast period. Its high vanadium content makes it particularly valuable for producing high-strength, low-alloy steels. The widespread use of FeV50 in construction, automotive, and aerospace industries drives its demand. Additionally, FeV50's superior properties, such as improved tensile strength and resistance to wear and corrosion, make it a preferred choice for various applications. As a result, the FeV50 segment is expected to maintain its leading position in the market.

The steelmaking segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the steelmaking segment is predicted to witness the highest growth rate due to the increasing adoption of ferrovanadium in steel production. High-strength steels, which require ferrovanadium as an alloying element, are in growing demand across various industries. The need for materials that offer enhanced performance, durability, and sustainability drives the growth of the steelmaking segment. Innovations in steel manufacturing processes and the development of new steel grades further boost this segment. The steelmaking industry's focus on efficiency and quality will continue to drive the demand for ferrovanadium.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share. The region's advanced industrial infrastructure and strong presence of key players in the steel and aerospace industries contribute to its dominance. North America's focus on technological innovation and high-quality manufacturing standards drives the demand for high-performance materials like ferrovanadium. The region also benefits from favorable government policies and investments in infrastructure projects. As a result, North America is poised to maintain its leading position in the ferrovanadium market.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR owing to rapid industrialization, urbanization, and infrastructure development in countries like China, India, and Southeast Asian nations. The region's expanding automotive and construction industries further contribute to the growth of the ferrovanadium market. Additionally, increasing investments in manufacturing and technological advancements support the region's robust growth. The Asia Pacific market is expected to experience significant expansion, driven by economic development and industrial growth.

Key players in the market

Some of the key players in Ferrovanadium market include Advanced Metallurgical Group, Atlantic Ltd., Bear Metallurgical Company, Bushveld Minerals Limited, Core Metals Group, Elkem, Evraz PLC, Gulf Chemical & Metallurgical Corporation, HBIS Chengsteel, Hickman, JFE Material, OM Holdings, Pangang, Shiva Metals Energy, Tremond Metals Corp and Williams.

Key Developments:

In January 2024, Elkem Silicones announced new partnership with Silstar in South Africa and neighboring countries. This strategic change aims to strengthen our distribution network and enhance the customer experience.

In July 2024, AMG Critical Materials acquired a strategic Stake in Savannah resources. The terms of the agreement include a seat on Savannah's Board of Directors, a 5-year offtake of the Project at 45ktpa of spodumene (or 225,000 DMT in the aggregate), with the opportunity to increase the offtake to 90ktpa.

In July 2024, AMG Critical Materials N.V.'s subsidiary Graphit Kropfmuhl and BASF have entered into an innovative agreement to reduce their product carbon footprint. Under this agreement, BASF will supply renewable energy certificates to Graphit Kropfmuhl's production site.

Grades Covered:

  • FeV40
  • FeV50
  • FeV60
  • FeV75
  • Other Grades

Manufacturing Processes Covered:

  • Aluminothermic Reduction Technique
  • Silicon Reduction Technique

Applications Covered:

  • Steelmaking
  • Corrosion-Resistant Alloys
  • Tool Steels
  • High-Strength Steel
  • Other Applications

End Users Covered:

  • Automotive
  • Construction
  • Energy
  • Aerospace
  • Medical
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 End User Analysis
  • 3.8 Emerging Markets
  • 3.9 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Ferrovanadium Market, By Grade

  • 5.1 Introduction
  • 5.2 FeV40
  • 5.3 FeV50
  • 5.4 FeV60
  • 5.5 FeV75
  • 5.6 Other Grades

6 Global Ferrovanadium Market, By Manufacturing Process

  • 6.1 Introduction
  • 6.2 Aluminothermic Reduction Technique
  • 6.3 Silicon Reduction Technique

7 Global Ferrovanadium Market, By Application

  • 7.1 Introduction
  • 7.2 Steelmaking
  • 7.3 Corrosion-Resistant Alloys
  • 7.4 Tool Steels
  • 7.5 High-Strength Steel
  • 7.6 Other Applications

8 Global Ferrovanadium Market, By End User

  • 8.1 Introduction
  • 8.2 Automotive
  • 8.3 Construction
  • 8.4 Energy
  • 8.5 Aerospace
  • 8.6 Medical
  • 8.7 Other End Users

9 Global Ferrovanadium Market, By Geography

  • 9.1 Introduction
  • 9.2 North America
    • 9.2.1 US
    • 9.2.2 Canada
    • 9.2.3 Mexico
  • 9.3 Europe
    • 9.3.1 Germany
    • 9.3.2 UK
    • 9.3.3 Italy
    • 9.3.4 France
    • 9.3.5 Spain
    • 9.3.6 Rest of Europe
  • 9.4 Asia Pacific
    • 9.4.1 Japan
    • 9.4.2 China
    • 9.4.3 India
    • 9.4.4 Australia
    • 9.4.5 New Zealand
    • 9.4.6 South Korea
    • 9.4.7 Rest of Asia Pacific
  • 9.5 South America
    • 9.5.1 Argentina
    • 9.5.2 Brazil
    • 9.5.3 Chile
    • 9.5.4 Rest of South America
  • 9.6 Middle East & Africa
    • 9.6.1 Saudi Arabia
    • 9.6.2 UAE
    • 9.6.3 Qatar
    • 9.6.4 South Africa
    • 9.6.5 Rest of Middle East & Africa

10 Key Developments

  • 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 10.2 Acquisitions & Mergers
  • 10.3 New Product Launch
  • 10.4 Expansions
  • 10.5 Other Key Strategies

11 Company Profiling

  • 11.1 Advanced Metallurgical Group
  • 11.2 Atlantic Ltd.
  • 11.3 Bear Metallurgical Company
  • 11.4 Bushveld Minerals Limited
  • 11.5 Core Metals Group
  • 11.6 Elkem
  • 11.7 Evraz PLC
  • 11.8 Gulf Chemical & Metallurgical Corporation
  • 11.9 HBIS Chengsteel
  • 11.10 Hickman
  • 11.11 JFE Material
  • 11.12 OM Holdings
  • 11.13 Pangang
  • 11.14 Shiva Metals Energy
  • 11.15 Tremond Metals Corp
  • 11.16 Williams