Vanadium

Vanadium Market Outlook

The global Vanadium market is projected to reach approximately USD 5.7 billion by 2035, growing at a compound annual growth rate (CAGR) of around 6.2% during the forecast period from 2025 to 2035. This growth is largely driven by the increasing demand for vanadium in energy storage applications, particularly in vanadium redox flow batteries, which are gaining traction as reliable and efficient solutions for renewable energy systems. The robust expansion in the steel sector, where vanadium is used to enhance strength and durability, is also a significant factor contributing to market growth. Furthermore, advancements in vanadium extraction and processing technologies are facilitating increased availability and reducing production costs, which will likely stimulate demand across various applications. Rising interest in sustainable energy solutions and heightened government support for renewable energy initiatives are expected to further propel the vanadium market in the coming years.

Growth Factor of the Market

Several growth factors are influencing the vanadium market positively. One of the primary drivers is the increasing adoption of vanadium redox flow batteries (VRFBs), which are being recognized for their capability in large-scale energy storage systems. As the world moves towards renewable energy sources, the need for efficient energy storage solutions is paramount, making VRFBs a preferred choice. Additionally, the expanding steel manufacturing sector, particularly in developing countries, is fueling demand for vanadium as an alloying agent, which significantly enhances the mechanical properties of steel. The growing emphasis on lightweight materials in aerospace and automotive industries is also driving the utilization of vanadium alloys. Furthermore, the rising environmental awareness is prompting industries to seek sustainable materials, with vanadium being a favorable option due to its recyclability and low environmental footprint. Lastly, investments in R&D for innovative applications of vanadium compounds in various sectors are expected to create additional growth opportunities.

Key Highlights of the Market

• Projected market growth to reach USD 5.7 billion by 2035.
• Increasing demand for vanadium redox flow batteries in renewable energy storage.
• Significant role of vanadium in the steel manufacturing sector for enhanced strength.
• Expanding applications of vanadium in aerospace and automotive industries.
• Government initiatives supporting sustainable energy solutions driving market growth.

By Product Type

Vanadium Pentoxide:

Vanadium Pentoxide (V2O5) is one of the most commonly used vanadium compounds in various applications, particularly in the manufacturing of vanadium alloys and catalysts. As a vital precursor for the production of ferrovanadium, it plays a crucial role in the steel industry, enhancing the properties and performance of steel products. The growing demand for high-strength steel in construction and automotive applications is expected to significantly drive the vanadium pentoxide segment in the coming years. Additionally, its utilization in the production of vanadium redox flow batteries is gaining momentum, particularly as the need for efficient energy storage solutions rises globally. This combination of demand from traditional industries and emerging energy applications positions vanadium pentoxide as a key growth driver within the vanadium market.

Ferrovanadium:

Ferrovanadium, an alloy of iron and vanadium, is predominantly used in steel manufacturing as a strengthening agent. Its ability to improve the toughness, strength, and wear resistance of steel makes it a critical component in high-performance applications. The increasing demand for specialized steel products in the construction, automotive, and energy sectors is expected to fuel the ferrovanadium market significantly. Furthermore, as countries continue to ramp up infrastructure development and manufacturing capabilities, the demand for ferrovanadium is projected to rise. The segment is anticipated to witness steady growth, supported by the overall expansion of the steel industry and the increasing focus on advanced materials.

Vanadium Redox Flow Batteries:

Vanadium Redox Flow Batteries (VRFBs) have emerged as a promising technology for large-scale energy storage, particularly in renewable energy applications such as solar and wind energy. The unique properties of vanadium allow for the indefinite cycling of the battery without degrading its performance, making it an attractive option for grid storage and balancing intermittent energy sources. With the global push towards clean energy solutions, the demand for VRFBs is expected to rise significantly, driven by the need for efficient and sustainable energy storage. As governments and private sectors increase investments in renewable energy infrastructure, the vanadium redox flow battery segment is projected to experience substantial growth, further solidifying vanadium’s role in the energy transition.

Vanadium Chemicals:

Vanadium chemicals, including vanadium nitrate and vanadium sulfate, are utilized across various sectors such as agriculture, ceramics, and pigments. The increasing use of vanadium-based chemicals in fertilizers is a key growth factor, as they contribute to enhanced crop yield and soil health. The expanding agricultural sector, especially in regions with growing populations, is likely to drive demand for vanadium chemicals. Additionally, their application in the production of specialty alloys and catalysts further supports growth in this segment. As industries continue to seek innovative and effective materials for production, the vanadium chemicals segment is expected to witness significant advancements and increased market share.

Vanadium Alloys:

Vanadium alloys are utilized in various industries due to their exceptional mechanical properties and resistance to corrosion. Their application in aerospace components, turbine blades, and automotive parts showcases their importance in high-performance environments. The growing focus on lightweight materials to enhance efficiency in aerospace and automotive sectors is driving the demand for vanadium alloys. Additionally, the increasing emphasis on reducing emissions and enhancing fuel efficiency is leading to the incorporation of advanced materials, including vanadium alloys, in manufacturing processes. As innovation continues in material science, the vanadium alloys segment is anticipated to expand, driven by technological advancements and the need for improved performance in demanding applications.

By Application

Steel:

The steel industry remains the largest application segment for vanadium, primarily due to its role as an alloying element that enhances the strength and durability of steel products. With the ongoing urbanization and industrialization across emerging economies, the demand for high-quality steel is experiencing robust growth. Vanadium is particularly valued in the production of high-strength low-alloy (HSLA) steels, which are increasingly used in construction, automotive, and infrastructure applications. As countries focus on improving their infrastructure and increasing manufacturing output, the steel segment is expected to continue dominating the vanadium market, ensuring steady growth opportunities.

Energy Storage:

Energy storage applications, especially through vanadium redox flow batteries, are emerging as a significant growth area for the vanadium market. The global shift towards renewable energy sources has necessitated the development of efficient energy storage systems capable of managing supply and demand fluctuations. VRFBs offer distinct advantages, including long cycle life and scalability, making them ideal for large-scale energy storage solutions. As governments and private sectors invest heavily in renewable energy infrastructure, the demand for vanadium in energy storage applications is projected to see substantial growth, thereby enhancing the overall market landscape.

Aerospace:

Vanadium's lightweight and high-strength characteristics make it a desirable material in the aerospace industry, where performance and weight reduction are critical. The requirement for durable materials that can withstand extreme conditions drives the demand for vanadium alloys in aircraft components. As the aerospace industry continues to grow, fueled by increased travel and advancements in technology, the demand for vanadium in this sector is anticipated to rise. Innovative applications, such as in turbine engines and other critical components, will further bolster the growth of vanadium within the aerospace segment, ensuring a significant market presence.

Chemicals:

The chemicals sector utilizes vanadium in the production of various compounds, including catalysts and fertilizers. Vanadium's role in catalysis is particularly vital in the petrochemical industry, where it contributes to enhancing the efficiency of chemical processes. Additionally, the agricultural sector benefits from vanadium-based fertilizers, which improve soil quality and crop productivity. The increasing need for sustainable agriculture and efficient chemical processes is expected to drive demand for vanadium in the chemicals application segment. As industries continue to seek effective solutions for production and agricultural needs, the chemicals segment will likely see steady growth.

Others:

Aside from the primary applications, vanadium finds usage in several other sectors, including electronics, construction, and environmental remediation. In electronics, vanadium compounds are used in the production of specialized materials and batteries. The construction industry utilizes vanadium as an additive in various building materials to enhance their properties. Furthermore, vanadium's role in environmental applications, such as wastewater treatment, underscores its versatility. As innovation leads to new applications of vanadium across diverse industries, the 'others' segment is expected to grow, driven by novel uses and increased awareness of vanadium's benefits.

By Distribution Channel

Online Stores:

The online distribution channel for vanadium products has gained significant traction in recent years, driven by the growing trend of digital commerce. As buyers seek convenient purchasing options and greater product availability, online platforms have become vital for market participants. This modality allows customers to access a wide range of vanadium products, including vanadium pentoxide and ferrovanadium, from various suppliers. The ease of comparison and access to product specifications enhances the buying experience, making online stores a crucial segment in the vanadium distribution landscape. As e-commerce continues to expand, the online sales channel is expected to see increasing market share, providing opportunities for both suppliers and customers.

Specialty Stores:

Specialty stores focusing on industrial materials and chemicals play an essential role in distributing vanadium products to targeted markets. These stores often provide a curated selection of high-quality vanadium alloys, chemicals, and other related products, catering to specific industry needs. The expertise offered by specialty retailers enables customers to receive tailored solutions and guidance on product choices, which is particularly advantageous in sectors such as aerospace and steel manufacturing. As industries seek quality and reliability in their material sourcing, specialty stores are expected to maintain a strong presence in the vanadium distribution channel, fostering customer loyalty and repeat business.

Industrial Stores:

Industrial stores serve as critical distribution points for bulk vanadium products, catering primarily to large-scale manufacturers and industrial clients. These stores typically stock a wide range of vanadium materials, including ferrovanadium and vanadium alloys, essential for various manufacturing processes. The direct relationship between industrial stores and manufacturers ensures a steady supply of materials necessary for production. As the manufacturing sector continues to grow, the significance of industrial stores in the vanadium market will likely increase, providing a reliable channel for sourcing essential materials efficiently.

Others:

Other distribution channels for vanadium products may include trade shows, direct sales from manufacturers, and partnerships with distributors. These alternative channels enable market participants to reach diverse customer demographics, including niche markets and specialized applications. Trade shows provide opportunities for networking and showcasing new products, while direct sales often result in personalized service and tailored solutions for clients' specific needs. As the vanadium market evolves, exploring and optimizing various distribution channels will be critical for suppliers seeking to enhance customer engagement and market reach.

By Ingredient Type

Vanadium Pentoxide:

Vanadium Pentoxide is a primary ingredient used across multiple applications, particularly in the production of ferrovanadium and vanadium-based chemicals. Its significance in enhancing the mechanical properties of steel makes it a vital component for manufacturers aiming for high-performance materials. The increasing demand for vanadium pentoxide is driven by its extensive application in energy storage systems, particularly in redox flow batteries. As more industries seek sustainable solutions for energy management, the role of vanadium pentoxide as a key ingredient is expected to strengthen, propelling market growth.

Vanadium Nitrate:

Vanadium Nitrate serves as an essential ingredient in various chemical applications, especially in the production of catalysts and fertilizers. Its ability to enhance the efficiency of chemical reactions makes it a valuable component in industrial processes. The growing awareness of sustainable agricultural practices is driving increased demand for vanadium nitrate in fertilizers, as it contributes to improved crop yields and soil health. As industries continue to seek high-performance materials for chemical applications, the vanadium nitrate segment is poised for growth, bolstered by innovations in agricultural and industrial practices.

Vanadium Carbide:

Vanadium Carbide is utilized primarily in the manufacturing of high-performance cutting tools and wear-resistant materials. Its exceptional hardness and thermal stability make it a favored choice in various industrial applications, including mining and construction. The increasing demand for durable materials that can withstand harsh operating conditions is expected to enhance the growth of the vanadium carbide segment. As industries focus on improving efficiency and reducing downtime, the use of vanadium carbide in critical applications will likely continue to rise, creating opportunities for market participants.

Vanadium Oxide:

Vanadium Oxide plays a crucial role in energy storage applications and catalysis, making it an essential ingredient in modern technology. Its utilization in vanadium redox flow batteries highlights its importance in providing efficient and sustainable energy solutions. Additionally, vanadium oxide is employed in the production of specialty chemicals and pigments, broadening its application scope. As the demand for renewable energy sources continues to grow, the significance of vanadium oxide is expected to increase, supporting market expansion in diverse sectors.

Others:

Other ingredient types in the vanadium market may include various vanadium compounds and formulations used for specialized applications. These could range from vanadium-based catalysts in the petrochemical industry to derivatives used in emerging technologies. The versatility of vanadium enables its application across various industries, providing opportunities for innovation and development. As new applications are discovered, the 'others' segment is expected to gain traction, contributing to overall market growth and diversification.

By Region

The vanadium market is experiencing varied growth across different regions, influenced by local industrial demands, economic conditions, and government initiatives. In the Asia Pacific region, particularly in countries like China and India, the demand for vanadium is surging due to rapid industrialization and urbanization. China, being one of the largest producers and consumers of vanadium, is expected to maintain a significant market share, contributing approximately USD 2.5 billion by 2035. The country's robust steel manufacturing sector is a primary driver of this growth, supported by investments in renewable energy projects that further enhance the demand for vanadium redox flow batteries. The CAGR for the Asia Pacific region is projected to be around 7.0%, reflecting its dynamic economic environment and increasing consumption of vanadium products.

North America is also expected to witness substantial growth in the vanadium market, driven by advancements in mining technologies and rising investments in renewable energy infrastructure. The United States is focusing on developing domestic supply chains for critical minerals, including vanadium, to reduce reliance on imports. Furthermore, the growing emphasis on sustainable energy solutions is leading to increased adoption of vanadium redox flow batteries. By 2035, the market in North America is expected to reach approximately USD 1.5 billion, with a CAGR of around 5.5%. These developments indicate a favorable outlook for the vanadium market in the region, as it aligns with broader efforts to enhance energy efficiency and sustainability.

Opportunities

The vanadium market is poised for numerous opportunities, especially in the context of the global shift towards renewable energy. As nations accelerate their efforts to meet climate goals and transition to cleaner energy sources, the demand for advanced energy storage solutions will continue to rise. Vanadium redox flow batteries are uniquely positioned to address the challenges associated with intermittent renewable energy generation, providing a reliable means of storage and distribution. This increasing focus on energy resilience and sustainability presents a significant growth opportunity for vanadium producers and related industries. Moreover, as investments in green technologies expand, there is potential for collaborative projects and partnerships that leverage vanadium's unique properties, further driving market innovation and expansion.

Additionally, advancements in mining and extraction technologies are creating new opportunities for vanadium production. As companies explore more efficient and sustainable methods for vanadium extraction, the supply chain is expected to become more robust and cost-effective. Innovations in recycling methods for vanadium-containing materials also present a promising avenue for market growth, as they allow for the reclamation of valuable resources while minimizing environmental impact. The increased availability of vanadium through these enhanced production methods can stimulate demand across various applications, from steel manufacturing to energy storage, ensuring a competitive landscape that fosters continuous development in the vanadium market.

Threats

Despite the promising growth trajectory of the vanadium market, several threats could hinder its progress. One notable threat is the volatility in vanadium prices, which is influenced by supply chain disruptions, geopolitical tensions, and fluctuating demand in key industries such as steel manufacturing. Price instability can deter investment in vanadium projects and create uncertainty for manufacturers and consumers alike. Furthermore, as alternative materials and technologies continue to emerge, there is a risk that vanadium may face competition from substitutes that offer similar benefits at lower costs. This evolving landscape necessitates constant innovation and adaptation from vanadium producers to maintain their market position and relevance.

Another significant threat comes from environmental regulations and sustainability concerns. As industries face increasing pressure to reduce their carbon footprint and adopt greener practices, vanadium production processes may come under scrutiny. Companies that do not align with environmental standards or fail to implement sustainable practices may find themselves at a competitive disadvantage. Additionally, public perception regarding the environmental impact of mining and production could result in reputational damage and decreased demand for vanadium products. To mitigate these threats, it is crucial for market participants to invest in sustainable practices and technologies that enhance their environmental performance and align with consumer expectations.

Competitor Outlook

• VanadiumCorp Resource Inc.
• Bushveld Minerals Limited
• China Vanadium Titano-Magnetite Mining Company Limited
• Mastermyne Group Limited
• GfE Metalle und Materialien GmbH
• American Vanadium Corp.
• Ascendant Resources Inc.
• Ferrovanadium and Vanadium Chemicals Producers
• Rio Tinto Group
• Evraz plc
• South32 Limited
• Harsco Corporation
• Norwegian Vanadium AS
• New World Resources Limited
• Vanadium One Energy Corp.

The competitive landscape of the vanadium market is characterized by the presence of several key players engaged in various aspects of vanadium production, processing, and distribution. Companies are increasingly focusing on innovation, sustainability, and efficiency to enhance their market position. Major players like Bushveld Minerals Limited and VanadiumCorp Resource Inc. have been actively investing in expanding their production capabilities and exploring new applications for vanadium in energy storage and advanced materials. This emphasis on research and development is critical as it allows these companies to adapt to changing market dynamics and meet the evolving demands of various industries.

Additionally, collaborations and partnerships among market participants are becoming more prevalent, as companies recognize the importance of shared expertise and resources in driving growth. For instance, partnerships between vanadium producers and energy storage developers are facilitating the introduction of vanadium redox flow batteries in the renewable energy sector. Such collaborations not only enhance the overall value chain but also contribute to the establishment of sustainable practices across the industry. With increasing competition, companies are also focusing on securing long-term supply agreements to ensure consistent access to raw materials, thereby mitigating risks associated with supply chain disruptions.

Key companies, such as Rio Tinto Group and Evraz plc, are noteworthy players in the vanadium market due to their extensive resources and established market presence. Rio Tinto, with its diversified portfolio, continues to invest in sustainable mining technologies, aiming to minimize its environmental footprint while maximizing efficiency. Similarly, Evraz, as a large steel producer, integrates vanadium into its manufacturing processes, thus driving demand for the metal while ensuring high-quality steel products. These major players, along with emerging companies, are shaping the future of the vanadium market, making it increasingly competitive and dynamic.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Evraz plc
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Rio Tinto Group
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 South32 Limited
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Harsco Corporation
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Norwegian Vanadium AS
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 American Vanadium Corp.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Ascendant Resources Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Mastermyne Group Limited
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Bushveld Minerals Limited
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Vanadium One Energy Corp.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 VanadiumCorp Resource Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 New World Resources Limited
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 GfE Metalle und Materialien GmbH
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Ferrovanadium and Vanadium Chemicals Producers
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 China Vanadium Titano-Magnetite Mining Company Limited
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Vanadium Market, By Application
    • 6.1.1 Steel
    • 6.1.2 Energy Storage
    • 6.1.3 Aerospace
    • 6.1.4 Chemicals
    • 6.1.5 Others
  • 6.2 Vanadium Market, By Product Type
    • 6.2.1 Vanadium Pentoxide
    • 6.2.2 Ferrovanadium
    • 6.2.3 Vanadium Redox Flow Batteries
    • 6.2.4 Vanadium Chemicals
    • 6.2.5 Vanadium Alloys
  • 6.3 Vanadium Market, By Ingredient Type
    • 6.3.1 Vanadium Pentoxide
    • 6.3.2 Vanadium Nitrate
    • 6.3.3 Vanadium Carbide
    • 6.3.4 Vanadium Oxide
    • 6.3.5 Others
  • 6.4 Vanadium Market, By Distribution Channel
    • 6.4.1 Online Stores
    • 6.4.2 Specialty Stores
    • 6.4.3 Industrial Stores
    • 6.4.4 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Vanadium Market by Region
  • 10.3 Asia Pacific - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 India
      • 10.3.1.2 China
      • 10.3.1.3 Japan
      • 10.3.1.4 South Korea
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Vanadium market is categorized based on

By Product Type

• Vanadium Pentoxide
• Ferrovanadium
• Vanadium Redox Flow Batteries
• Vanadium Chemicals
• Vanadium Alloys

By Application

• Steel
• Energy Storage
• Aerospace
• Chemicals
• Others

By Distribution Channel

• Online Stores
• Specialty Stores
• Industrial Stores
• Others

By Ingredient Type

• Vanadium Pentoxide
• Vanadium Nitrate
• Vanadium Carbide
• Vanadium Oxide
• Others

By Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• VanadiumCorp Resource Inc.
• Bushveld Minerals Limited
• China Vanadium Titano-Magnetite Mining Company Limited
• Mastermyne Group Limited
• GfE Metalle und Materialien GmbH
• American Vanadium Corp.
• Ascendant Resources Inc.
• Ferrovanadium and Vanadium Chemicals Producers
• Rio Tinto Group
• Evraz plc
• South32 Limited
• Harsco Corporation
• Norwegian Vanadium AS
• New World Resources Limited
• Vanadium One Energy Corp.