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Global Ferrovanadium Market Size study, By Grade (FeV 40, FeV 50, FeV 60, FeV 80, Nitrided Ferro Vanadium), By Production Method (Aluminothermic Reduction, Silicon Reduction), By End Use (Aerospace, Automotive & Transport, Construction, Oil & gas, Industrial Equipment, Others), and Regional Forecasts 2022-2028

  • BIZ4983220
  • 200 Pages
  • June 2022
  • Materials and Chemicals
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Global Ferrovanadium Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. The Ferrovanadium refers to an alloy obtained by combining iron and vanadium with a vanadium content range of 35–85%. Ferrovanadium is touted as universal hardener, strengthener and anti-corrosive additive for steels. Ferrovanadium is widely utilized as an additive for steel. Ferro Vanadium also has application as an alloying agent for the metals iron and steel. It is also used across different industries such as aerospace, automotive & transport, construction, and oil & gas among others. The rising demand for steel worldwide and growing automotive manufacturing industry as well as recent strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to World Steel Association’s estimates – as of 2022, the worldwide steel demand is estimated at 1 840.2 million tonnes, and the demand is projected to grow to around 1 881.4 million tonnes by end of 2023, witnessing an increase of over 2.23 percent. Furthermore, leading market players are working towards strategic collaborations to increase their client base. For instance, in September 2019, Amsterdam, Netherlands based leading provider of specialty metals, mineral products, names AMG Advanced Metallurgical Group entered in an agreement with Baar, Switzerland based commodity trading and mining company Glencore. Under this agreement AMG would supply 100% of its available ferrovanadium production to Glencore. Also, growing government spending on infrastructure development and rising construction sector in emerging economies are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high cost associated with raw materials and negative impact of ongoing Russia- Ukraine conflict as Russia is a leading vanadium supplier impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Ferrovanadium Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing demand for high grade steel and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as growing investment towards infrastructure development and rapid urbanization in the region, would create lucrative growth prospects for the global Ferrovanadium Market across the Asia Pacific region.

Major market players included in this report are:

EVRAZ plc

AMG Advanced Metallurgical Group

Treibacher Industrie AG

Hickman, Williams & Company

Masterloy Products Company

Jinzhou Guangda Ferroalloy Co. Ltd.

Reade International Corp.,

Bear Metallurgical Company

TAIYO KOKO Co., Ltd.

Woojin Ind. Co. Ltd

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Grade

FeV 40

FeV 50

FeV 60

FeV 80

Nitrided Ferro Vanadium

By Production Method

Aluminothermic Reduction

Silicon Reduction

By End Use

Aerospace

Automotive & Transport

Construction

Oil & gas

Industrial Equipment

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020

Base year – 2021

Forecast period – 2022 to 2028

Target Audience of the Global Ferrovanadium Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)

1.2.1. Global Ferrovanadium Market, by Region, 2020-2028 (USD Million)

1.2.2. Global Ferrovanadium Market, by Grade, 2020-2028 (USD Million)

1.2.3. Global Ferrovanadium Market, by Production Method, 2020-2028 (USD Million)

1.2.4. Global Ferrovanadium Market, by End Use, 2020-2028 (USD Million)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Ferrovanadium Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Ferrovanadium Market Dynamics

3.1. Ferrovanadium Market Impact Analysis (2020-2028)

3.1.1. Market Drivers

3.1.1.1. Growing demand for steel worldwide.

3.1.1.2. Rising automotive manufacturing industry.

3.1.1.3. Recent strategic initiatives from leading market players.

3.1.2. Market Challenges

3.1.2.1. High cost associated with raw materials

3.1.2.2. Ongoing Russia- Ukraine conflict.

3.1.3. Market Opportunities

3.1.3.1. Growing government spending on infrastructure development.

3.1.3.2. Rising construction sector in emerging economies.

Chapter 4. Global Ferrovanadium Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.5. Top investment opportunity

4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry

5.1.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Ferrovanadium Market, by Grade

6.1. Market Snapshot

6.2. Global Ferrovanadium Market by Grade, Performance - Potential Analysis

6.3. Global Ferrovanadium Market Estimates & Forecasts by Grade 2018-2028 (USD Million)

6.4. Ferrovanadium Market, Sub Segment Analysis

6.4.1. FeV 40

6.4.2. FeV 50

6.4.3. Fev 60

6.4.4. FeV 80

6.4.5. Nitrided Ferro Vanadium

Chapter 7. Global Ferrovanadium Market, by Production Method

7.1. Market Snapshot

7.2. Global Ferrovanadium Market by Production Method, Performance - Potential Analysis

7.3. Global Ferrovanadium Market Estimates & Forecasts by Production Method 2018-2028 (USD Million)

7.4. Ferrovanadium Market, Sub Segment Analysis

7.4.1. Aluminothermic Reduction

7.4.2. Silicon Reduction

Chapter 8. Global Ferrovanadium Market, by End Use

8.1. Market Snapshot

8.2. Global Ferrovanadium Market by End Use, Performance - Potential Analysis

8.3. Global Ferrovanadium Market Estimates & Forecasts by End Use 2018-2028 (USD Million)

8.4. Ferrovanadium Market, Sub Segment Analysis

8.4.1. Aerospace

8.4.2. Automotive & Transport

8.4.3. Construction

8.4.4. Oil & gas

8.4.5. Industrial Equipment

8.4.6. Others

Chapter 9. Global Ferrovanadium Market, Regional Analysis

9.1. Ferrovanadium Market, Regional Market Snapshot

9.2. North America Ferrovanadium Market

9.2.1. U.S. Ferrovanadium Market

9.2.1.1. Grade estimates & forecasts, 2018-2028

9.2.1.2. Production Method estimates & forecasts, 2018-2028

9.2.1.3. End Use estimates & forecasts, 2018-2028

9.2.2. Canada Ferrovanadium Market

9.3. Europe Ferrovanadium Market Snapshot

9.3.1. U.K. Ferrovanadium Market

9.3.2. Germany Ferrovanadium Market

9.3.3. France Ferrovanadium Market

9.3.4. Spain Ferrovanadium Market

9.3.5. Italy Ferrovanadium Market

9.3.6. Rest of Europe Ferrovanadium Market

9.4. Asia-Pacific Ferrovanadium Market Snapshot

9.4.1. China Ferrovanadium Market

9.4.2. India Ferrovanadium Market

9.4.3. Japan Ferrovanadium Market

9.4.4. Australia Ferrovanadium Market

9.4.5. South Korea Ferrovanadium Market

9.4.6. Rest of Asia Pacific Ferrovanadium Market

9.5. Latin America Ferrovanadium Market Snapshot

9.5.1. Brazil Ferrovanadium Market

9.5.2. Mexico Ferrovanadium Market

9.6. Rest of The World Ferrovanadium Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies

10.2. Company Profiles

10.2.1. EVRAZ plc

10.2.1.1. Key Information

10.2.1.2. Overview

10.2.1.3. Financial (Subject to Data Availability)

10.2.1.4. Product Summary

10.2.1.5. Recent Developments

10.2.2. AMG Advanced Metallurgical Group

10.2.3. Treibacher Industrie AG

10.2.4. Hickman, Williams & Company

10.2.5. Masterloy Products Company

10.2.6. Jinzhou Guangda Ferroalloy Co. Ltd.

10.2.7. Reade International Corp.,

10.2.8. Bear Metallurgical Company

10.2.9. TAIYO KOKO Co., Ltd.

10.2.10. Woojin Ind. Co. Ltd

Chapter 11. Research Process

11.1. Research Process

11.1.1. Data Mining

11.1.2. Analysis

11.1.3. Market Estimation

11.1.4. Validation

11.1.5. Publishing

11.2. Research Attributes

11.3. Research Assumption

List of Tables

TABLE 1. Global Ferrovanadium Market, report scope

TABLE 2. Global Ferrovanadium Market estimates & forecasts by Region 2018-2028 (USD Million)

TABLE 3. Global Ferrovanadium Market estimates & forecasts by Grade 2018-2028 (USD Million)

TABLE 4. Global Ferrovanadium Market estimates & forecasts by Production Method 2018-2028 (USD Million)

TABLE 5. Global Ferrovanadium Market estimates & forecasts by End Use 2018-2028 (USD Million)

TABLE 6. Global Ferrovanadium Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 7. Global Ferrovanadium Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 8. Global Ferrovanadium Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 9. Global Ferrovanadium Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 10. Global Ferrovanadium Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 11. Global Ferrovanadium Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 12. Global Ferrovanadium Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 13. Global Ferrovanadium Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 14. Global Ferrovanadium Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 15. Global Ferrovanadium Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 16. U.S. Ferrovanadium Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 17. U.S. Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 18. U.S. Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 19. Canada Ferrovanadium Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 20. Canada Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 21. Canada Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 22. UK Ferrovanadium Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 23. UK Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 24. UK Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 25. Germany Ferrovanadium Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 26. Germany Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 27. Germany Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 28. RoE Ferrovanadium Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 29. RoE Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 30. RoE Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 31. China Ferrovanadium Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 32. China Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 33. China Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 34. India Ferrovanadium Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 35. India Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 36. India Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 37. Japan Ferrovanadium Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 38. Japan Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 39. Japan Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 40. RoAPAC Ferrovanadium Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 41. RoAPAC Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 42. RoAPAC Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 43. Brazil Ferrovanadium Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 44. Brazil Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 45. Brazil Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 46. Mexico Ferrovanadium Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 47. Mexico Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 48. Mexico Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 49. RoLA Ferrovanadium Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 50. RoLA Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 51. RoLA Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 52. Row Ferrovanadium Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 53. Row Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 54. Row Ferrovanadium Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 55. List of secondary sources, used in the study of global Ferrovanadium Market

TABLE 56. List of primary sources, used in the study of global Ferrovanadium Market

TABLE 57. Years considered for the study

TABLE 58. Exchange rates considered

 
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