Ferro Vanadium Market: Global Industry Analysis and Opportunity Assessment 2016-2026

Ferro Vanadium Market Overview

Vanadium: For upon |Ferro vanadium belongs to the category of ferroalloy. 1. Ferrovanadium is an alloy that is formed by combining iron and vanadium. 2. Ferrovanadium contains 35% to 85% vanadium depending on the applications of the product in the end-use industry. 3. Ferrovanadium is an alloy material that is used in the manufacturing of steel. It imparts desirable properties such as abrasion resistance, high temperature, and hardenability. Ferrovanadium used for manufacturing steel offers the end product with high stability against alkalis as well as acids such as sulphuric and hydrochloric acids. In addition, products containing ferrovanadium are at reduced risk to be susceptible to corrosion. Vanadium.

Ferrovanadium also helps in reducing the overall weight of the material as well as increasing the overall tensile strength of the end product. In addition, it helps in promoting fine grain size and increasing hardenability through precipitation of nitrides and carbides. Ferrovanadium is manufactured using an electric arc furnace in which scrap iron is melted initially and then it is combined with the mixture of aluminum as well as flux such as calcium fluoride and calcium oxide. It is usually supplied in pallet boxes or in shrink-wrapped in super bags. Vanadium.

Ferro Vanadium Market: Drivers and restraints

Most of the ferrovanadium manufactured is utilized in the alloying process used to manufacture hardened steel. Hardened steel further finds application in the manufacturing of axles, bicycles frames, crankshafts, and other highly critical steel components. Thus, the growing steel industry is expected to boost the overall growth in the demand for the ferrovanadium market. 1. Ferrovanadium is also used in manufacturing the high carbon steel alloy which is widely used in the manufacturing of medical tools. 2. Ferrovanadium when used in titanium alloys is used to manufacture jet engines and high-speed airframes. 3. Ferrovanadium reduces the overall weight of the steel and hence, is widely used in lightweight automobiles. Vanadium.

Ferro Vanadium Market: Segmentation

The Ferro Vanadium market can be segmented based on commercial grade as:

• 1. FeV 40
• 2. FeV 50
• 3FeV 60
• FeV 80

The Ferro Vanadium market can be segmented based on production method:

• Aluminothermic Reduction Technique
• Silicon Reduction Technique
• Others

Ferro Vanadium Market: Region-wise outlook

The Asia Pacific is expected to be the largest producer of ferrovanadium. Within the Asia Pacific, China is the largest manufacturer of ferrovanadium. The presence of huge vanadium mines in China is expected to enhance the growth in the overall production of ferrovanadium. India and Russia are expected to be other major ferrovanadium producers in the Asia Pacific. South Africa is expected to be the next largest manufacturer of ferrovanadium. Europe is expected to be one of the major consumers of ferrovanadium owing to the presence of a large number of automobile manufacturers in the region. The demand for ferrovanadium is expected to grow gradually in North America. Vanadium.

Ferro Vanadium Market: Key market players

Some of the key players identified in the global Ferro Vanadium market are:

• Atlantic Ltd.
• AMG Advanced Metallurgical Group
• Tremond Metals Corp.
• Core Metals Group
• Gulf Chemical and Metallurgical Corporation
• Bear Metallurgical Company
• Hickman, Williams & Companies

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology, and applications. Vanadium.

The report covers an exhaustive analysis on:

• 1. Market Segments
• 2. Market Dynamics
• 3. Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• The Middle East and Africa (GCC, S. Africa, N. Africa)

1. The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. 2. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. 3. The report also maps the qualitative impact of various market factors on market segments and geographies. Vanadium.

Report Highlights:

• Detailed overview of the parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
•  A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights. Vanadium.

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