Global Vanadium Market Outlook to 2026 Featuring Evraz, Bushveld Minerals, Australian Vanadium, Angang Steel Co, AMG Vanadium - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Vanadium Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.

Global vanadium market is expected to witness growth at a considerable rate during the forecast period. The major factors responsible for the global vanadium market's growth would be increasing government schemes towards energy generation and rising demand for efficient, low-cost wires and various types of alloys.

Giving steel higher temperature strength and lower weight, vanadium has high demand from steel industries. Its application in the automotive industry and certain component manufacturing sectors is also invariable. However, a decreasing supply of vanadium and increasing health concerns related to vanadium consumption would serve as restraining factors for this market's growth.

Asia-Pacific region is expected to be the largest market for global vanadium due to the presence of a large number of mines and end-user industries here. The growth here is also likely to be faster than that in other regions for the same reason. China, Japan, and South Korea (Republic of Korea) are the critical markets for vanadium in APAC. High consumption of steel in APAC will significantly drive the vanadium market's growth in this region over the forecast period.

The global vanadium market is concentrated, with several players occupying the market share. Major players in the market were found to be Evraz, Bushveld Minerals, Australian Vanadium, Angang Steel Company, AMG Vanadium, among others.

The biggest challenge faced by the renewable energy sector is being able to store energy for use at a later time. The biggest issue with lithium, or Li-ion batteries, is that they degrade rapidly. Current information indicates that they last for just 3000 to 4000 charge/discharge cycles (around 5 to 10 years) before they need to be replaced.

They also lose capacity quickly with use. Whereas vanadium flow batteries have a typical life cycle of 15,000+ charge/discharge cycles or up to 25 years - the other parts wear out, but not the vanadium. While lithium only lasts 5 to 10 years, vanadium has a potential lifespan of 20 to 25 years! This could be the revolutionary revelation that the aerospace industry has been waiting for.

Australian Vanadium has signed a memorandum of understanding with UK consultancy company GSA Environmental as part of a commercial and technical collaboration to integrate GSAE's vanadium extraction process into the planned processing plant at Australian Vanadium's project at Gabanintha in Western Australia.

The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

3.1 Introduction

3.2 Market Dynamics

3.3 Market Trends & Developments

3.4 Market Opportunities

3.5 Feedstock Analysis

3.6 Regulatory Policies

3.7 Analysis of Covid-19 Impact

4. Industry Analysis

4.1 Supply Chain Analysis

4.2 Porter's Five Forces Analysis

5. Market Segmentation & Forecast

5.1 By Type

5.1.1 Vanadium Slag

5.1.2 Vanadium Metal

5.1.3 Vanadium Compounds

5.1.3.1 Vanadium Pentoxide

5.1.3.2 Vanadium Trioxide

5.1.3.3 Vanadium Carbonitride

5.1.3.4 Others

5.1.4 Vanadium Alloys

5.1.4.1 Ferrovanadium

5.1.4.2 Vanadium Aluminium Alloy

5.1.4.3 Others

5.2 By Application

5.2.1 Iron and Steel

5.2.2 Titanium Alloys

5.2.3 Chemical and Energy Storage

5.2.4 Others

6. Regional Market Analysis

6.1 North America

6.1.1 United States of America

6.1.2 Canada

6.1.3 Mexico

6.2 Europe

6.2.1 Germany

6.2.2 United Kingdom

6.2.3 France

6.2.4 Italy

6.2.5 Spain

6.2.6 Rest of Europe

6.3 Asia-Pacific

6.3.1 China

6.3.2 India

6.3.3 Japan

6.3.4 South Korea

6.3.5 Rest of Asia-Pacific

6.4 South America

6.4.1 Brazil

6.4.2 Argentina

6.4.3 Rest of South America

6.5 Middle East & Africa

6.5.1 Saudi Arabia

6.5.2 South Africa

6.5.3 Rest of Middle East & Africa

7. Key Company Profiles

• Largo Resources
• Bushveld Minerals
• Australian Vanadium
• Evraz
• Panzhihua Iron and Steel
• Glencore
• Western Uranium Corporation
• Angang Steel Company
• AMG Vanadium
• Neometals Limited
• Hesteel Group
• Treibacher Industrie AG
• Technology Metals
• Vanadium Resources
• Xining Special Steel
• First Vanadium Corporation
• Vanadium One Iron Corp
• Horizon Minerals
• Aura Energy
• Ferro-Alloy Resources

For more information about this report visit https://www.researchandmarkets.com/r/4ghkss