Ferrovanadium is an alloy used to add vanadium to molten steel. Steelmaking is the largest use of vanadium and accounts for 90 percent or more of all vanadium consumption worldwide.
Ferrovanadium Alloy Market contains market size and forecasts of Ferrovanadium Alloy in global, including the following market information:
- Global Ferrovanadium Alloy Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Ferrovanadium Alloy Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Ferrovanadium Alloy companies in 2021 (%)
The global Ferrovanadium Alloy market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Vanadium content: 35%-48% Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Ferrovanadium Alloy include Pangang, EVRAZ, HBIS Chengsteel, Jinzhou Xinwanbo, AMG, Taiyo Koko, JFE Material and Hickman,Williams & Co, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Ferrovanadium Alloy 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:
Global Ferrovanadium Alloy Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Ferrovanadium Alloy Market Segment Percentages, by Type, 2021 (%)
- Vanadium content: 35%-48%
- Vanadium content: 48%-60%
- Vanadium content: 70-85%
Global Ferrovanadium Alloy Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Ferrovanadium Alloy Market Segment Percentages, by Application, 2021 (%)
- Construction
- Automotive and Transportation
- Oil and Gas
- Aerospace
- Others
Global Ferrovanadium Alloy Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Ferrovanadium Alloy Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Ferrovanadium Alloy revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Ferrovanadium Alloy revenues share in global market, 2021 (%)
- Key companies Ferrovanadium Alloy sales in global market, 2017-2022 (Estimated), (MT)
- Key companies Ferrovanadium Alloy sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Pangang
- EVRAZ
- HBIS Chengsteel
- Jinzhou Xinwanbo
- AMG
- Taiyo Koko
- JFE Material
- Hickman,Williams & Co
Industry Market Size
