Vanadium Pentoxide Market: Global Industry Analysis and Forecast (2023-2029)

Global Vanadium Pentoxide Market size is expected to reach 3.02 US$ Bn in year 2029, at a CAGR of 16.6% during the forecast period. The global Vanadium Pentoxide Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Vanadium Pentoxide Market report also provides trends by market segments, technology, and investment with a competitive landscape. Vanadium Pentoxide MarketTo know about the Research Methodology :- Request Free Sample Report

Vanadium Pentoxide Market Overview:

Vanadium pentoxide is also known as vanadium oxide with the chemical formula V2O5. Vanadium Pentoxide is brown or yellow solid although when freshly prepared from aqueous solutions. Vanadium Pentoxide color is deep orange due to high oxidation state. Vanadium Pentoxide is having both the properties of amphoteric oxide and oxidizing agent. Vanadium Pentoxide is widely used in industrial preparation as a principal precursor to alloys of vanadium and is also used as a catalyst in industries.

Vanadium Pentoxide Market Dynamics:

In terms of quantity the dominant use of vanadium oxide in the production of ferrovanadium. Vanadium Pentoxide is also used in different, industrial processes as a catalyst. In the contact process, it assists the oxidation of So2 to So3 with Oxygen at 440 degrees Celsius. Additionally, Vanadium Pentoxide is also used in the production of ethanol to ethanol and the manufacturing of phthalic anhydride, polyamide, oxalic acid, and furthermore. The use of Vanadium Pentoxide as a catalyst in the production of various chemicals is driving the chemical market. Vanadium Pentoxide is also used in making steel alloys for vehicles like space machines, nuclear reactors, and aircraft carriers, etc. The rigidity of Vanadium Pentoxide in alloys and the strengthening property for making tools, axels, pistol rods, and girders in construction is creating opportunities for market players to expand the industries in the Vanadium Pentoxide market. The demand for high-performance alloys huge in the market due to growing construction and the market share of alloys is 29.6% and is growing at a high pace with an estimated value of USD 2.4 billion in the year 202. Hence alloy market is dominating the use of vanadium pentoxide in the industry.

Vanadium Pentoxide Market Segment Analysis:

By Type, the segment is categorized into Allopurinol, Colchicine, Probenecid, Others. The segment allopurinol is dominating the type segment due to STAT-1 signaling in human lung fibroblasts is induced by vanadium pentoxide through an IFN-beta autocrine loop. The inhalation of vanadium pentoxide results in bronchitis and airway fibrosis. Apocynin and allopurinol decreased vanadium pentoxide induced IFN-beta (Interferon beta) mRNA (Messenger RNA) levels. IFN-alpha transcription is inhibited only by allopurinol. Apocynin and allopurinol consumed together, indicate that fibroblasts play a key role in the inborn immune response to vanadium-induced oxidative stress by synthesizing IFN-beta a potent antifibrotic factor. By Application, the segment is divided into production of metal alloys, oxidation catalyst, production of oxalic acid, energy storage, and others. Production of metal alloys is the dominating segment owed extreme use of Vanadium Pentoxide in the metal industry as specialty steel alloys such as high-speed tool steels, and some aluminum alloys. The vital industrial compound, vanadium pentoxide, is used as a catalyst for the production of sulfuric acid. And the market share of sulfuric acid is projected to grow at a CAGR of 2.89% in the forecast period. The production of sulphuric acid is fuelling the vanadium pentoxide market. Additionally, Vanadium Pentoxide finds its use in extremely tough tools like armor plates, car gears, springs, cutting tools, crankshaft, etc. due to its low neutron-absorbing property vanadium pentoxide is high uses in nuclear reactors. The key driving properties of vanadium are medium-hard, steel-blue metal and is a vital metal used in the manufacturing of malleable, ductile, and corrosion-resistant quality products. Energy storage is second dominating in the application segment of the market as vanadium batteries are responsible for storing a large amount of energy.

Vanadium Pentoxide Market Regional Insights:

The Asia Pacific is dominant in the global vanadium pentoxide market owing to the large steel industry in the region. The market share of the steel industry in India is forecast to grow by steel production from 5.4% to 7.8% in 2022. The vanadium pentoxide market in the Asia Pacific is likely to develop at a high level during the forecast period due to the growth of the end-use industries like the construction industry and steel industries. A strong infrastructure-focused economy in China recorded the highest steel production. China traditionally is a net exporter, became a net vanadium pentoxide importer in 2020. Simultaneously, steel production is breaking the record in china year-on-year with the rising demand for vanadium pentoxide in the base case with 3-5% in the forecast period. The objective of the report is to present a comprehensive analysis of the global Vanadium Pentoxide Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.

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Vanadium Pentoxide Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 1.03 Bn.
Forecast Period 2023 to 2029 CAGR: 16.6% Market Size in 2029: US $ 3.02 Bn.
Segments Covered: by Type
Allopurinol
Colchicine
Probenecid
Others
by Application production of metal alloys oxidation catalyst production of oxalic acid energy storage others

Vanadium Pentoxide Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America

Vanadium Pentoxide Market Key Players

1. EVRAZ 2. VanadiumCorp 3. HBIS Group 4. PRISM Diversified Ltd 5. Suzhou Donghua Fangui 6. GfE 7. Hunan Hanrui 8. Liaoyang Hengye 9. Huifeng Energy 10. Aura Energy 11. Australian Vanadium Limited 12. Largo Resources Ltd. 13. Bushveld Minerals. 14. Prophecy Development Corp. 15. Premier Alloys & Chemicals Pvt. Ltd. Frequently Asked Questions: 1. Which region has the largest share in Global Vanadium Pentoxide Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Vanadium Pentoxide Market? Ans: The Global Vanadium Pentoxide Market is growing at a CAGR of 16.6% during forecasting period 2023-2029. 3. What is scope of the Global Vanadium Pentoxide Market report? Ans: Global Vanadium Pentoxide Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Vanadium Pentoxide Market? Ans: The important key players in the Global Vanadium Pentoxide Market are – EVRAZ, VanadiumCorp, HBIS Group, PRISM Diversified Ltd, Suzhou Donghua Fangui, GfE, Hunan Hanrui, Liaoyang Hengye, Huifeng Energy, and Aura Energy 5. What is the study period of this Market? Ans: The Global Vanadium Pentoxide Market is studied from 2022 to 2029.
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Vanadium Pentoxide Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Vanadium Pentoxide Market 3.4. Geographical Snapshot of the Vanadium Pentoxide Market, By Manufacturer share 4. Global Vanadium Pentoxide Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Grades 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Vanadium Pentoxide Market 5. Supply Side and Demand Side Indicators 6. Global Vanadium Pentoxide Market Analysis and Forecast, 2022-2029 6.1. Global Vanadium Pentoxide Market Size & Y-o-Y Growth Analysis. 7. Global Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Allopurinol 7.1.2. Colchicine 7.1.3. Probenecid 7.1.4. Others 7.2. Other Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. production of metal alloys 7.2.2. oxidation catalyst 7.2.3. production of oxalic acid 7.2.4. energy storage 7.2.5. others 8. Global Vanadium Pentoxide Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. Allopurinol 9.1.2. Colchicine 9.1.3. Probenecid 9.1.4. Others 9.2. Other Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Production of Metal Alloys 9.2.2. Oxidation Catalyst 9.2.3. Production of Oxalic Acid 9.2.4. Energy Storage 9.2.5. Others 10. North America Vanadium Pentoxide Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Vanadium Pentoxide Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Vanadium Pentoxide Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Vanadium Pentoxide Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Textile Reinforced Concrete e Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Vanadium Pentoxide Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Vanadium Pentoxide Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Types, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Textile Reinforced Concrete Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Grades and R&D Investment 45.2.2. New Grade Launches and Grade Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. EVRAZ 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Grade Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. VanadiumCorp 45.3.3. HBIS Group 45.3.4. PRISM Diversified Ltd 45.3.5. Suzhou Donghua Fangui 45.3.6. GfE 45.3.7. Hunan Hanrui 45.3.8. Liaoyang Hengye 45.3.9. Huifeng Energy 45.3.10. Aura Energy 45.3.11. Australian Vanadium Limited 45.3.12. Largo Resources Ltd. 45.3.13. Bushveld Minerals. 45.3.14. Prophecy Development Corp. 45.3.15. Premier Alloys & Chemicals Pvt. Ltd 46. Primary Key Insights
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