Отчет об анализе размера, доли и тенденций мирового рынка ванадия – обзор отрасли и прогноз до 2032 года

Анализ рынка ванадия

Рынок ванадия значительно вырос благодаря его ключевой роли в производстве высокопрочных стальных сплавов, особенно в строительном, автомобильном и энергетическом секторах. Ванадий в основном используется в производстве стали, занимая наибольшую долю рынка, за которым следуют применения в аккумуляторах (особенно ванадиевых окислительно-восстановительных проточных аккумуляторах для хранения энергии) и аэрокосмической промышленности. Недавние разработки в области хранения возобновляемой энергии и растущий спрос на электромобили способствовали расширению рынка. На мировой рынок ванадия также влияют колебания цен на ванадий, а также доступность сырья. В 2024 году на рынке наблюдается повышенный интерес к решениям по устойчивому хранению энергии и использованию ванадия в альтернативных энергетических технологиях. Ключевыми игроками на рынке являются горнодобывающие компании, производители аккумуляторов и производители стали, причем такие страны, как Китай, Россия и Южная Африка, являются крупными производителями ванадия. Ожидается, что рынок будет расти устойчивыми темпами, обусловленными промышленным спросом и инновациями в энергетическом секторе.

Размер рынка ванадия

Объем рынка ванадия в 2024 году оценивался в 1,87 млрд долларов США, а к 2032 году, по прогнозам, он достигнет 2,93 млрд долларов США, при среднегодовом темпе роста 5,80% в прогнозируемый период с 2025 по 2032 год. Помимо информации о рыночных сценариях, таких как рыночная стоимость, темпы роста, сегментация, географический охват и основные игроки, рыночные отчеты, подготовленные Data Bridge Market Research, также включают анализ импорта и экспорта, обзор производственных мощностей, анализ потребления продукции, анализ ценовых тенденций, сценарий изменения климата, анализ цепочки поставок, анализ цепочки создания стоимости, обзор сырья/расходных материалов, критерии выбора поставщиков, анализ PESTLE, анализ Портера и нормативную базу.

Тенденции рынка ванадия

«Растущий спрос на решения по хранению энергии»

Рынок ванадия переживает значительный рост из-за растущего спроса на решения для хранения энергии и их применения в производстве стали. Поскольку отрасли сосредотачиваются на улучшении возможностей хранения энергии, ванадиевые окислительно-восстановительные проточные батареи (VRFB) привлекают внимание своей эффективностью в крупномасштабном хранении энергии. Ожидается, что инновации в технологии батарей, включая разработку более долговечных и более емких ванадиевых батарей, будут способствовать дальнейшему развитию рынка. Кроме того, растущее использование ванадия в высокопрочных стальных сплавах способствует его спросу, поскольку эти сплавы необходимы для строительного и автомобильного секторов. В результате ожидается, что рынок ванадия продолжит расширяться, уделяя особое внимание устойчивости и технологическим достижениям в решениях для хранения энергии.

Область применения отчета и сегментация рынка ванадия  

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

• В феврале 2024 года AMG Vanadium приобрела технологии переработки и интеллектуальную собственность у Transformation Technologies Inc. (TTI), компании, специализирующейся на зеленой энергетике и перерабатываемых металлах. Это приобретение усилит позиции AMG в переработке отходов нефтеперерабатывающих заводов, в частности ванадия, извлеченного из остатков нефтепереработки. Этот шаг укрепляет приверженность AMG Vanadium устойчивым практикам на рынке ванадия
• В феврале 2024 года Australian Vanadium Limited (AVL) завершила слияние с Technology Metals Australia, приобретя все акции последней. Это стратегическое приобретение направлено на расширение присутствия AVL в первичном производстве ванадия. Интегрируя активы Technology Metals Australia, AVL стремится укрепить свои позиции на мировом рынке ванадия
• В августе 2021 года EVRAZ plc объявила о планах по созданию нового завода по переработке ванадиевого шлака в Тульской области России с инвестициями около 228 миллионов долларов США. Ожидается, что завод начнет работу к 2025 году и будет направлен на повышение экономической эффективности переработки шлака в конечный ванадиевый продукт. Этот шаг будет способствовать расширению производства ванадия компанией.
• В мае 2020 года EVRAZ Vanadium открыл новый научно-исследовательский центр в Цуге, Швейцария, через свою дочернюю компанию East Metals AG. Центр ориентирован на продвижение устойчивого и разнообразного использования ванадия в качестве легирующего элемента как в текущих, так и в будущих стальных изделиях. Это развитие направлено на повышение роли ванадия в сталелитейной промышленности

SKU-60789