글로벌 바나듐 시장 규모, 점유율 및 추세 분석 보고서 – 산업 개요 및 2032년까지의 예측

바나듐 시장 분석

바나듐 시장은 특히 건설, 자동차 및 에너지 분야에서 고강도 강철 합금 생산에 있어 중요한 역할을 하기 때문에 상당한 성장을 목격했습니다. 바나듐은 주로 강철 생산에 사용되어 시장 점유율이 가장 높고, 그 다음으로 배터리(특히 에너지 저장용 바나듐 산화환원 흐름 전지) 및 항공우주 분야에 사용됩니다. 최근 재생 에너지 저장 분야의 발전과 전기 자동차에 대한 수요 증가로 시장이 확대되었습니다. 글로벌 바나듐 시장은 또한 바나듐 가격 변동과 원자재 가용성의 영향을 받습니다. 2024년에는 지속 가능한 에너지 저장 솔루션과 대체 에너지 기술에서 바나듐 사용에 대한 관심이 높아지고 있습니다. 시장의 주요 참여자로는 광산 회사, 배터리 생산업체, 강철 제조업체가 있으며, 중국, 러시아, 남아프리카와 같은 국가가 바나듐의 주요 생산국입니다. 이 시장은 산업 수요와 에너지 부문 혁신에 힘입어 꾸준한 속도로 성장할 것으로 예상됩니다.

바나듐 시장 규모

바나듐 시장 규모는 2024년에 18억 7천만 달러로 평가되었으며, 2032년까지 29억 3천만 달러에 도달할 것으로 예상되며, 2025년에서 2032년까지의 예측 기간 동안 CAGR은 5.80%입니다. Data Bridge Market Research에서 큐레이팅한 시장 보고서에는 시장 가치, 성장률, 세분화, 지리적 범위, 주요 업체와 같은 시장 시나리오에 대한 통찰력 외에도 수입 수출 분석, 생산 능력 개요, 생산 소비 분석, 가격 추세 분석, 기후 변화 시나리오, 공급망 분석, 가치 사슬 분석, 원자재/소모품 개요, 공급업체 선택 기준, PESTLE 분석, Porter 분석 및 규제 프레임워크가 포함됩니다.

바나듐 시장 동향

“에너지 저장 솔루션에 대한 수요 증가”

바나듐 시장은 에너지 저장 솔루션과 강철 생산에서의 응용에 대한 수요 증가로 인해 상당한 성장을 경험하고 있습니다. 산업이 에너지 저장 기능 향상에 집중함에 따라, 바나듐 산화환원 유동 전지(VRFB)는 대규모 에너지 저장에서의 효율성으로 주목을 받고 있습니다. 더 오래 지속되고 더 높은 용량의 바나듐 배터리 개발을 포함한 배터리 기술의 혁신이 시장을 더욱 촉진할 것으로 예상됩니다. 또한, 고강도 강철 합금에서 바나듐 사용이 증가함에 따라 이러한 합금은 건설 및 자동차 부문에 필수적이기 때문에 수요가 증가하고 있습니다. 결과적으로 바나듐 시장은 지속 가능성과 에너지 저장 솔루션의 기술 발전에 초점을 맞춰 계속 확장될 것으로 예상됩니다.

보고서 범위 및 바나듐 시장 세분화  

Vanadium Market Definition

Vanadium is a chemical element with the symbol V and atomic number 23. It is a silvery-grey, ductile, and corrosion-resistant metal that is primarily used in the production of high-strength alloys, especially steel. Vanadium enhances the strength, toughness, and heat resistance of steel, making it crucial for industries such as construction, aerospace, and automotive. It is also used in energy storage applications, particularly in vanadium redox flow batteries (VRFBs), which are employed for large-scale energy storage. Vanadium is found in various minerals, with the primary sources being vanadinite, patronite, and carnotite.

Vanadium Market Dynamics

Drivers

• Increasing Demand for High-Performance Alloys

Vanadium’s role in the production of high-performance alloys is a significant driver of market growth, particularly in the aerospace and defense sectors. Vanadium-based alloys are highly valued for their strength, corrosion resistance, and ability to withstand extreme temperatures and pressures, making them ideal for critical applications such as aircraft engines, turbine blades, and military equipment. As technological advancements in aerospace and defense continue to evolve, there is an increasing need for materials that can perform under harsh conditions. This growing demand for advanced, durable alloys is driving the continued expansion of the vanadium market, reinforcing its role in high-tech industries.

• Increasing Adoption in Batteries for Grid Stability

The increasing emphasis on grid modernization and the integration of renewable energy sources such as solar and wind are fueling the demand for reliable and stable energy storage solutions. As renewable energy production is intermittent, energy storage systems (ESS) are essential to ensure a steady power supply. Vanadium-based flow batteries, known for their long life, scalability, and efficiency, are emerging as a preferred solution for large-scale energy storage. These batteries offer reliable performance in stabilizing grids, making vanadium a key component in the transition to cleaner energy. As a result, the growing need for energy storage solutions is driving the expansion of the vanadium market.

Opportunities

• Increasing Demand for Renewable Energy Storage

The growing need for renewable energy storage solutions is significantly boosting the adoption of vanadium redox flow batteries (VRFBs). These batteries are particularly well-suited for large-scale grid storage due to their long cycle life, high efficiency, and ability to store large amounts of energy for extended periods. As renewable energy sources such as solar and wind become more prevalent, efficient energy storage is crucial to managing intermittency. VRFBs, powered by vanadium, provide a sustainable solution to this challenge, creating a substantial growth opportunity in the vanadium market, particularly in the energy sector.

• Rapid Growth of Electric Vehicles (EVs)

The rapid growth of the electric vehicle (EV) market is driving the demand for lighter, stronger materials to improve vehicle performance and efficiency. Vanadium, known for its strength, lightweight properties, and ability to enhance battery performance, is gaining traction in the manufacturing of EVs. It is being used in lightweight alloys for vehicle components and in advanced battery technologies, including lithium-ion and vanadium-based batteries. As EV adoption continues to rise, this presents a significant opportunity for vanadium producers to meet the growing demand from the automotive industry, further accelerating market growth.

Restraints/Challenges

• Limited Supply and Mining Constraints

A significant challenge in the vanadium market is its limited supply, as it is primarily obtained as a by-product of mining other metals such as titanium and iron. This reliance on secondary production means that the availability of vanadium is closely tied to the mining of these other metals, creating supply constraints. Additionally, the vanadium market is heavily dependent on a few major producers, which increases its vulnerability to supply disruptions due to geopolitical issues, natural disasters, or changes in mining operations. Such disruptions can lead to significant price volatility, creating uncertainty for manufacturers and impacting overall market stability.

• High Production Costs

A key restraint in the vanadium market is the high cost associated with its extraction and refining. Vanadium is often obtained as a by-product of other metals, such as titanium and iron, requiring complex processing techniques to separate and refine it. This multi-step process increases production costs, making vanadium more expensive compared to other materials. As a result, vanadium’s competitiveness in certain applications, such as energy storage or alloy production, is limited. In industries where cost is a significant factor, this price disadvantage can reduce demand for vanadium and slow its adoption in emerging technologies.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Vanadium Market Scope

The market is segmented on the basis of grade type, production process, application, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Grade Type

• FeV40
• FeV50
• FeV60
• FeV80

Production Process

• Aluminothermic Reduction Technique
• Silicon Reduction Technique

Application

• Iron and Steel
• Chemical
• Titanium Alloys
• Others

End User

• Automotive
• Chemical
• Energy Storage
• Others

Vanadium Market Regional Analysis

The market is analysed and market size insights and trends are provided by country, grade type, production process, application, and end user as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa

Asia-Pacific is expected to lead the vanadium market in both revenue and market share during the forecast period. This growth is driven by the rising demand for vanadium in the region, with Japan at the forefront as a major consumer and producer. The region’s well-established steel industry further strengthens its dominance in the vanadium market.

North America is expected to be the fastest-growing region due to the increasing demand from the construction sector. The region's robust infrastructure development and ongoing urbanization are driving the need for high-strength materials, including vanadium. This surge in construction activities is anticipated to significantly boost the market growth in North America.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Global Vanadium Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Vanadium Market Leaders Operating in the Market Are:

• Australian Vanadium Limited (Australia)
• Bushveld Minerals (South Africa)
• EVRAZ (U.K.)
• Largo Inc (Canada)
• VanadiumCorp Resource Inc (Canada)
• AMG (Netherlands)
• China Ansteel Group Corporation Limited (China)
• Glencore (Switzerland)
• HBIS GROUP (China)
• Treibacher Industrie AG (Austria)
• Tremond Metals Corp (U.S.)
• Yilmaden (Turkey)
• JAYESH (India)
• Core Metals LLC (U.S.)
• Gulf Chemical And Metallurgical Corporation (U.S.)
• Williams (U.S.)
• Continental Precious Min (Canada)
• Ferroglobe (U.K.)
• Essel Mining & Industries Limited (India)

Latest Developments in Vanadium Market

• 2024년 2월, AMG Vanadium은 녹색 에너지와 재활용 가능한 금속을 전문으로 하는 회사인 Transformation Technologies Inc.(TTI)로부터 처리 기술과 지적 재산을 인수했습니다. 이 인수는 정유 폐기물, 특히 정유 잔류물에서 추출한 바나듐 재활용 분야에서 AMG의 입지를 강화할 것입니다. 이 조치는 바나듐 시장에서 지속 가능한 관행에 대한 AMG Vanadium의 헌신을 강화합니다.
• 2024년 2월, Australian Vanadium Limited(AVL)는 Technology Metals Australia와 합병을 완료하여 후자의 모든 주식을 인수했습니다. 이 전략적 인수는 1차 바나듐 생산에서 AVL의 입지를 확대하는 것을 목표로 합니다. Technology Metals Australia의 자산을 통합함으로써 AVL은 글로벌 바나듐 시장에서의 입지를 강화하고자 합니다.
• 2021년 8월, EVRAZ plc는 러시아 툴라 지역에 약 2억 2,800만 달러를 투자하여 새로운 바나듐 슬래그 가공 공장을 설립할 계획이라고 밝혔습니다. 이 공장은 2025년까지 가동을 시작할 예정이며, 슬래그를 최종 바나듐 제품으로 가공하는 데 있어 비용 효율성을 높이는 것을 목표로 합니다. 이러한 움직임은 회사의 바나듐 생산 확장을 지원할 것입니다.
• 2020년 5월, EVRAZ Vanadium은 계열사 East Metals AG를 통해 스위스 추크에 새로운 R&D 시설을 개장했습니다. 이 시설은 현재와 미래의 강철 제품 모두에서 합금 원소로서 바나듐의 지속 가능하고 다양한 사용을 발전시키는 데 중점을 두고 있습니다. 이 개발은 강철 산업에서 바나듐의 역할을 강화하는 것을 목표로 합니다.

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