Vanadium Ore Market

Global Vanadium Ore Market Size, Forecasts, And Opportunities – Includes Vanadium Ore Market Share

Learn about the global vanadium ore market through The Business Research Company, which provides information on vanadium ore market size, vanadium ore market drivers and restraints, vanadium ore market players, the COVID-19 impact on the vanadium ore market, and more.


The global vanadium ore market size is expected to grow from $2.53 billion in 2021 to $2.77 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The global vanadium ore market size is expected to grow to $3.93 billion in 2026 at a compound annual growth rate (CAGR) of 9.1%.


The increasing use of vanadium in automobile industry will drive the vanadium ore mining market.


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The vanadium ore market consists of sales of vanadium ores and concentrates and related services.



Vanadium Ore Market



Global Vanadium Ore Market Segments Include:

By Type: FeV40, FeV50, FeV60, FeV80

By Application: Iron and Steel, Chemical, Energy Storage, Others

By End-Use Industry: Automotive, Aerospace and Defense, Steel Industry, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the vanadium ore market in 2021.


The use of vanadium redox flow batteries (VRFB’s) for energy storage is an emerging trend market. This trend will drive a structural change in the vanadium ore mining market dominated by steel manufacturers.


TBRC’s vanadium ore market report covers:

Major Market Players: AUROX RES., Atlantic, Treibacher Industrie AG., Essel Mining, Tremond Alloys & Metals Corp., Globe Specialty Metals, Inc., Largo Resources, YELLOW ROCK RES., REED RESOURCES, AMERICAN REOURCES, LARGO RES., CONTINENTAL PRECIOUS MIN., Hickman, Williams & Companies, Bear Metallurgical Company, Gulf Chemical and Metallurgical Corporation and Core Metals Group.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)


The Vanadium Ore Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides vanadium ore market overviews, analyzes and forecasts market size, share, vanadium ore market players, vanadium ore market segments and geographies, leading competitor revenues, profiles and market shares.


TBRC’s vanadium ore market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.


Here Is A List Of Similar Reports From The Business Research Company:

Metal Ore Global Market Report 2022

Mining Global Market Report 2022

Metal Global Market Report 2022


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