DUBLIN--(BUSINESS WIRE)--The "Global Vanadium Market 2017-2021" report has been added to Research and Markets' offering.
The global vanadium market to grow at a CAGR of 11.24% during the period 2017-2021.
Global Vanadium Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is vanadium in batteries. Vanadium is adopted into the rapidly growing energy storage market due to vertical integration strategies focused on Vanadium Redox Flow Batteries. In Vanadium Redox Flow Batteries, vanadium ions are used in different oxidation states to store chemical potential energy.
According to the report, one driver in the market is increasing demand in construction industry. The construction sector is the largest consumer of steel products and vanadium. Vanadium is extensively used in alloys for strengthening steel used in building and bridges. It facilitates strength in reinforcing bars used in buildings, tunnels, and bridges. Vanadium is added to steel bars, concrete structure, and suspension ropes. In North America, rolled vanadium steel sections are used extensively in frames and roofs of industrial buildings.
Further, the report states that one challenge in the market is fluctuation in steel industry. The consumption of high strength steels is subject to financial risks in the market. The demand for high strength steels depends on the performance of the global steel industry. Vanadium is extensively used in steel alloys. It facilitates additional strength in steel used in building, bridges, and tunnels.
Market trends
- Vanadium in batteries
- Increase in use of vanadium-bearing bar
- Technological enhancement and capacity expansion
Key vendors
- Bushveld Minerals
- EVRAZ
- LARGO RESOURCES
- Panzhihua Iron and Steel Group
- VanadiumCorp
Other prominent vendors
- Atlantic
- AMERICAN VANADIUM
- Australian Vanadium
- Glencore
- Hebei iron and steel
- Xining Special Steel
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Application
Part 07: Regional Landscape
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/fl59rh/global_vanadium
