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The Asia Pacific Ferro Vanadium market size was valued at US$ 984.2 million in 2024 and is projected to reach US$ 1.27 billion by 2030, at a CAGR of 4.3% during the forecast period 2024-2030.
Ferro vanadium is an alloy of iron and vanadium used primarily as an additive in steel production to improve strength, toughness, and wear resistance, particularly in high-strength low-alloy (HSLA) steels for construction and automotive applications.
The Asia Pacific ferro vanadium market is experiencing moderate growth, driven by infrastructure development and the automotive industry. China dominates with a 60% market share, followed by Japan at 15% and South Korea at 10%. In 2023, the construction sector consumed 45% of total production, with automotive at 30% and energy at 15%. The market saw a 6% increase in demand due to growing HSLA steel production for lightweight vehicles. Key players include Pangang Group Vanadium Titanium & Resources Co., Ltd. (China) and EVRAZ plc (UK), collectively holding a 45% market share in the region. The industry is investing in vanadium recycling technologies, with an 8% increase in R&D spending on vanadium recovery from spent catalysts in 2023. Challenges include price volatility and environmental regulations on vanadium mining, leading to a 5% focus on developing more sustainable extraction methods. The trend towards vanadium redox flow batteries has driven a 10% growth in high-purity ferro vanadium demand for energy storage applications. The market is benefiting from China's push for higher-grade steel production, with a 12% rise in ferro vanadium consumption in domestic steel mills.
Report Includes
This report is an essential reference for who looks for detailed information on Asia Pacific Ferro Vanadium . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Ferro Vanadium , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Asia Pacific Ferro Vanadium , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Ferro Vanadium . This report contains market size and forecasts of Ferro Vanadium in Asia Pacific, including the following market information:
We surveyed the Ferro Vanadium manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia
• Vanadium content: 35%-48%
• Vanadium content: 48%-60%
• Vanadium content: 70-85%
• Construction
• Automotive and Transportation
• Oil and Gas
• Aerospace
• Others
• Pangang Group Vanadium Titanium & Resources Co., Ltd.
• HBIS Group
• Australian Vanadium Limited
• VanadiumCorp Resource Inc.
• AMG Advanced Metallurgical Group
• Bushveld Minerals
• Atlantic Ltd.
• Eurasian Resources Group
• Largo Resources
• EVRAZ
Including or excluding key companies relevant to your analysis.
The report also provides analysis of leading market participants including:
• Key companies Ferro Vanadium revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)
• Key companies Ferro Vanadium revenues share in Asia Pacific market, 2023 (%)
• Key companies Ferro Vanadium sales in Asia Pacific market, 2019-2024 (Estimated),
• Key companies Ferro Vanadium sales share in Asia Pacific market, 2023 (%)
Key Points of this Report:
• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Asia Pacific and country-wise market of Ferro Vanadium
• It describes present situation, historical background and future forecast
• Comprehensive data showing Ferro Vanadium capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on Ferro Vanadium manufacturers
• Ferro Vanadium forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us
Reasons to Purchase this Report:
• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.
1.1 Product Overview and Scope of Ferro Vanadium
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Vanadium content: 35%-48%
1.2.3 Vanadium content: 48%-60%
1.2.4 Vanadium content: 70-85%
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Construction
1.3.3 Automotive and Transportation
1.3.4 Oil and Gas
1.3.5 Aerospace
1.3.6 Others
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3.1 Asia Pacific Production by Manufacturers (2019-2023)
3.2 Asia Pacific Revenue Market Share by Manufacturers (2019-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Asia Pacific Average Price by Manufacturers (2019-2023)
3.5 Manufacturers Production Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Asia Pacific 5 and 10 Largest Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4.1 Asia Pacific Production
4.1.1 Asia Pacific Production YoY Growth Rate (2019-2023)
4.1.2 Asia Pacific Production, Revenue, Price and Gross Margin (2019-2024)
5.1 Asia Pacific
5.1.1 Asia Pacific Consumption by Country
5.1.2 Asia Pacific Sales, Consumption, Export, Import (2019-2023)
5.1.1 China
5.2.2 India
5.3.3 Japan
5.4.4 South Korea
5.5.5 Australia
5.6.6 Thailand
5.7.7 Indonesia
6.1 Asia Pacific Production Market Share by Type (2019-2024)
6.2 Asia Pacific Revenue Market Share by Type (2019-2024)
6.3 Asia Pacific Price by Type (2019-2024)
7.1 Asia Pacific Production Market Share by Application (2019-2024)
7.2 Asia Pacific Revenue Market Share by Application (2019-2024)
7.3 Asia Pacific Price by Application (2019-2024)
8.1 Pangang Group Vanadium Titanium & Resources Co., Ltd.
8.1.1 Pangang Group Vanadium Titanium & Resources Co., Ltd. Corporation Information
8.1.2 Pangang Group Vanadium Titanium & Resources Co., Ltd. Product Portfolio
8.1.3 Pangang Group Vanadium Titanium & Resources Co., Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.1.4 Pangang Group Vanadium Titanium & Resources Co., Ltd. Main Business and Markets Served
8.1.5 Pangang Group Vanadium Titanium & Resources Co., Ltd. Recent Developments/Updates
8.2 HBIS Group
8.2.1 HBIS Group Corporation Information
8.2.2 HBIS Group Product Portfolio
8.2.3 HBIS Group Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.2.4 HBIS Group Main Business and Markets Served
8.2.5 HBIS Group Recent Developments/Updates
8.3 Australian Vanadium Limited
8.3.1 Australian Vanadium Limited Corporation Information
8.3.2 Australian Vanadium Limited Product Portfolio
8.3.3 Australian Vanadium Limited Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.3.4 Australian Vanadium Limited Main Business and Markets Served
8.3.5 Australian Vanadium Limited Recent Developments/Updates
8.4 VanadiumCorp Resource Inc.
8.4.1 VanadiumCorp Resource Inc. Corporation Information
8.4.2 VanadiumCorp Resource Inc. Product Portfolio
8.4.3 VanadiumCorp Resource Inc. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.4.4 VanadiumCorp Resource Inc. Main Business and Markets Served
8.4.5 VanadiumCorp Resource Inc. Recent Developments/Updates
8.5 AMG Advanced Metallurgical Group
8.5.1 AMG Advanced Metallurgical Group Corporation Information
8.5.2 AMG Advanced Metallurgical Group Product Portfolio
8.5.3 AMG Advanced Metallurgical Group Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.5.4 AMG Advanced Metallurgical Group Main Business and Markets Served
8.5.5 AMG Advanced Metallurgical Group Recent Developments/Updates
8.6 Bushveld Minerals
8.6.1 Bushveld Minerals Corporation Information
8.6.2 Bushveld Minerals Product Portfolio
8.6.3 Bushveld Minerals Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.6.4 Bushveld Minerals Main Business and Markets Served
8.6.5 Bushveld Minerals Recent Developments/Updates
8.7 Atlantic Ltd.
8.7.1 Atlantic Ltd. Corporation Information
8.7.2 Atlantic Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.7.3 Atlantic Ltd. Main Business and Markets Served
8.7.4 Atlantic Ltd. Recent Developments/Updates
8.8 Eurasian Resources Group
8.8.1 Eurasian Resources Group Corporation Information
8.8.2 Eurasian Resources Group Product Portfolio
8.8.3 Eurasian Resources Group Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Eurasian Resources Group Main Business and Markets Served
8.8.5 Eurasian Resources Group Recent Developments/Updates
8.9 Largo Resources
8.9.1 Largo Resources Corporation Information
8.9.2 Largo Resources Product Portfolio
8.9.3 Largo Resources Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.9.4 Largo Resources Main Business and Markets Served
8.9.5 Largo Resources Recent Developments/Updates
8.10 EVRAZ
8.10.1 EVRAZ Corporation Information
8.10.2 EVRAZ Product Portfolio
8.10.3 EVRAZ Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.10.4 EVRAZ Main Business and Markets Served
8.10.5 EVRAZ Recent Developments/Updates
9.1 Key Raw Materials Analysis
9.1.1 Key Raw Materials
9.1.2 Key Suppliers of Raw Materials
9.2 Proportion of Manufacturing Cost Structure
9.3 Manufacturing Process Analysis of Ferro Vanadium
9.4 Industrial Chain Analysis
10.1 Marketing Channel
10.2 Distributors List
10.3 Customers
11.1 Industry Trends
11.2 Market Drivers
11.3 Market Challenges
11.4 Market Restraints
12.1 Asia Pacific Production, Revenue Forecast (2024-2030)
13.1 Asia Pacific Forecasted Consumption of by Country
14.1 Asia Pacific Production, Revenue and Price Forecast by Type (2024-2030)
14.1.1 Asia Pacific Forecasted Production of by Type (2024-2030)
14.1.2 Asia Pacific Forecasted Revenue of by Type (2024-2030)
14.1.3 Asia Pacific Forecasted Price of by Type (2024-2030)
14.2 Asia Pacific Production, Revenue and Price Forecast by Application (2024-2030)
14.2.1 Asia Pacific Forecasted Production of by Application (2024-2030)
14.2.2 Asia Pacific Forecasted Revenue of by Application (2024-2030)
14.2.3 Asia Pacific Forecasted Price of by Application (2024-2030)
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Author List
16.4 Disclaimer
17.1 Note
17.2 Examples of Clients
Frequently Asked Questions ?
