Global Ammonium Metavanadate Market, By Form (Powder and Granule), Purity (Chemical reagent, Catalyst, Paints, Inks and Dyes, Ceramics and Others), and Country (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, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Ammonium Metavanadate Market
The ammonium metavanadate market is expected to witness market growth at a rate of 7.50% in the forecast period of 2021 to 2028 and is expected to reach USD 187.26 million by 2028. Data Bridge Market Research report on ammonium metavanadate market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the ceramics adoption in construction sector is escalating the growth of ammonium metavanadate market.
Ammonium metavanadate is known to be widely utilized as a transitional chemical for various commercially or industrially helpful compounds and elements. The compounds like manganese vanadate, silver vanadate and vanadium oxide are synthesized utilizing ammonium metavanadate.
Major factors that are expected to boost the growth of the ammonium metavanadate market in the forecast period are the rise in the adoption of rechargeable sodium-ion batteries concerning to the increasing inclination for energy efficiency. Furthermore, the thriving of the glass industry us further anticipated to propel the growth of the ammonium metavanadate market. Moreover, the increase in the demand for vanadium pentoxide from the steel industry is further estimated to cushion the growth of the ammonium metavanadate market. On the other hand, the possibility for adverse health effects is further projected to impede the growth of the ammonium metavanadate market in the timeline period.
- In addition, the rise in the need for ammonium metavanadate in the forensic applications specifically for detecting the existence of harmful drugs will further provide potential opportunities for the growth of the ammonium metavanadate market in the coming years. However, the increase in the consciousness regarding its harmful effects will pose might further challenge the growth of the ammonium metavanadate market in the near future.
This ammonium metavanadate market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographical expansions, technological innovations in the market. To gain more info on ammonium metavanadate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Ammonium Metavanadate Market Scope and Market Size
The ammonium metavanadate market is segmented on the basis of form, purity and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of form, the ammonium metavanadate market is segmented into powder and granule.
- On the basis of purity, the ammonium metavanadate market is segmented into 98% - 99% and minimum 99%.
- On the basis of application, the ammonium metavanadate market is segmented into chemical reagent, catalyst, paints, inks and dyes, ceramics and others.
Ammonium Metavanadate Market Country Level Analysis
The ammonium metavanadate market is analysed and market size, volume information is provided by country, form, purity and application as referenced above.
The countries covered in the ammonium metavanadate market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the ammonium metavanadate market due to the occurrence of various energy storage projects. Furthermore, the product is suitable for electrodes that are utilized in rechargeable sodium-ion batteries because of their excellent rate, reversible capacity and high electrochemical performance related to sodium will further boost the growth of the ammonium metavanadate market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the ammonium metavanadate market due to the rise in the need for new applications. Moreover, the increase in the production and consumption is further anticipated to propel the growth of the ammonium metavanadate market in the region in the coming years.
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 consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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.
Competitive Landscape and Ammonium Metavanadate Market Share Analysis
The ammonium metavanadate 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 ammonium metavanadate market.
The major players covered in the ammonium metavanadate market report are American Elements, Merck KGaA, Thermo Fisher Scientific, Santa Cruz Biotechnology, Inc., Yogi Dye Chem Industries, ACS Chemicals, AVANSCHEM, GfE Gesellschaft für Elektrometallurgie mbH, Sisco Research Laboratories Pvt. Ltd., Strem Chemicals, MoTiV Metals LLC, Strem Chemicals, Angang Steel Company Limited, Bushveld Minerals., Ferro-Alloy Resources Group, Largo Resources Ltd, TAIYO KOKO Co., Ltd., U.S. Vanadium LLC, BASF SE, Evonik Industries AG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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