全球釩市場：按生產、消費、產品類型、來源、最終用戶、地區、規模、趨勢、COVID-19 的影響和預測進行分析（-2028）

全球釩市場規模預計將從2022年的28.4億美元增至2028年的39.3億美元，年複合成長率約為5%。建築業、基礎設施發展和汽車行業的成長導致對鋼鐵的需求增加，推動了過去幾年市場的成長。

本報告研究和分析了全球釩市場，提供市場趨勢、細分分析、區域分析、公司概況等。

目錄

第1章 執行摘要

第2章 簡介

• 釩：概述
  • 釩簡介
  • 釩的用途
• 釩細分：概述
  • 釩細分

第3章 全球市場分析

• 全球釩市場：分析
  • 全球釩市場：概述
  • 全球釩市場（價值）
  • 全球釩市場：按類型（五氧化二釩、釩鐵、鋁釩合金、釩化學品、其他）
  • 的全球釩市場：按地區分類（亞太地區、歐洲、北美、世界其他地區）
• 全球釩市場：類型分析
  • 全球釩市場：按類型、概述
  • 全球五氧化二釩市場（價值）
  • 全球釩鐵市場（價值）
  • 全球鋁釩合金市場（價值）
  • 全球釩化學品市場（價值）
  • 全球其他釩市場（價值）
• 全球釩市場：區域分析
  • 全球釩市場：按地區、概述
  • 亞太釩市場（價值）
  • 歐洲釩市場（價值）
  • 北美釩市場（價值）
  • 世界其他地區釩市場（價值）
• 全球釩市場：蘊藏量分析
  • 全球釩市場：按蘊藏量分類，概覽
  • 全球釩市場：按蘊藏量分類

第4章 生產分析

• 全球釩市場生產：分析
  • 全球釩市場：按生產分類，概覽
  • 全球釩市場：按生產分類
  • 按原料分類的全球釩市場生產（聯產、初級、次級）
  • 按地區分類的全球釩市場生產（中國、俄羅斯、南非、巴西、世界其他地區）
  • 全球釩市場初級生產（南非、巴西、中國）：按地區
• 全球釩市場生產：來源分析
  • 全球釩市場生產：按來源，概述
  • 全球釩市場：按聯產分類
  • 全球釩市場：按初級生產分類
  • 全球釩市場：按二次生產分類
• 全球釩市場生產：區域分析
  • 全球釩市場生產：按地區分類，概述
  • 中國釩市場：按生產分類
  • 俄羅斯釩市場：按生產分類
  • 南非釩市場：按生產分類
  • 巴西釩市場：按生產分類
  • 世界其他地區釩市場生產

第5章 消費分析

• 全球釩市場消費：分析
  • 全球釩市場：按消費分類，概覽
  • 全球釩市場：按消費分類
  • 全球釩市場消費：按最終用戶分類（鋼合金、化學品和催化劑、鈦合金、能源儲存）
  • 全球釩市場消費：按地區（中國、歐洲、北美、世界其他地區）
• 全球釩市場消費：最終用戶分析
  • 全球釩市場消費：按最終用戶分類，概述
  • 全球鋼合金釩市場，按消費
  • 全球化學品和催化釩市場，按消費分類
  • 全球鈦合金釩市場，按消費
  • 全球儲能釩市場：按消費分類
• 全球釩市場消費：區域分析
  • 全球釩市場消費：按地區、概述
  • 中國 釩市場 : 按消費分類
  • 歐洲釩市場：按消費分類
  • 北美釩市場：按消費分類
  • 世界其他地區釩市場：按消費分類

第6章 COVID-19 的影響

• COVID-19對全球釩市場的影響
• COVID-19 後對全球釩市場的影響

第7章 市場動態

• 成長動力
  • 鋼鐵產量增加
  • 建築業的成長
  • 快速城市化
  • 強化醫療器械產業
  • 電動汽車 (EV) 需求不斷成長
  • 航空中旅客數量增加
  • 在化學工業中的應用不斷增加
• 主題
  • 價格波動
  • 環境和監管考慮
  • 與替補競爭
• 市場趨勢
  • 全釩氧化還原液流電池（VRFB）的需求不斷成長
  • 加強大氣污染防治法規
  • 新用途的研究和開發
  • 釩礦床勘探開發
  • 技術進步

第8章 競爭格局

• 全球釩市場參與者，按五氧化二釩生産分類
• 全球釩市場參與者：資源比較
• 全球釩市場參與者：礦石蘊藏量比較

第9章 公司簡介

• Largo Inc.
• Bushveld Minerals Limited
• EVRAZ
• Glencore Plc
• AMG Advanced Metallurgical Group NV (AMG Vanadium LLC)
• Ferro-Alloy Resources Limited
• HBIS Group
• Essel Mining & Industries Limited
• Western Uranium & Vanadium Corp.
• Voyager Metals Inc.
• Australian Vanadium Ltd.
• VanadiumCorp Resource Inc.

The global vanadium market was valued at US$2.84 billion in 2022. The market value is expected to reach US$3.93 billion by 2028. The global vanadium market production stood at 110.53 thousand tonnes in 2022 and is expected to reach 135.16 thousand tonnes by 2028. Whereas, the global vanadium market consumption stood at 112.19 thousand tonnes in 2022 and is anticipated to grow at a CAGR of approx. 3%. Vanadium is a grey, soft, ductile metal that exists in four 'oxidation states' (II, III, IV, and V). It exists naturally as a component of minerals, rather than in its pure form, and as an impurity within hydrocarbons and bauxites.

Vanadium is primarily used as an alloying element in the production of high-strength steel. Steel manufacturers utilize vanadium to enhance the strength, durability, and heat resistance of steel products. The growth in construction, infrastructure development, and automotive industries has resulted in higher steel demand, thereby driving the growth of the vanadium market in the past few years. Additionally, the adoption of renewable energy sources, such as wind and solar power, often requires energy storage systems, including VRFBs, which utilize vanadium, thus driving the demand for vanadium. The vanadium market is expected to grow at a CAGR of approx. 5% during the forecasted period of 2023-2028.

Market Segmentation Analysis:

By Type: The report provides the bifurcation of the market into five types: Vanadium Pentoxide, Vanadium Ferrovanadium, Aluminium Vanadium Alloys, Vanadium Chemicals, and Others. Vanadium pentoxide held the highest share of the market. Whereas, vanadium ferrovanadium is expected to be the fastest-growing segment in the forecasted period. Vanadium pentoxide is a crucial ingredient in the production of high-strength steel alloys. By adding small amounts of vanadium pentoxide to steel, manufacturers can significantly enhance its strength, toughness, and heat resistance. Additionally, it is used in desulfurization processes to remove sulfur from fossil fuels. Hence, owing to the increasing number of applications of vanadium pentoxide, the market demand has been growing.

By Production: The increased demand for steel translates to a higher demand for vanadium production to meet the requirements of steel manufacturers. For instance, according to GMK Center, China in January-March 2023 increased production of steel by 6.1% compared to the same period in 2022 - up to 261.56 million tons. This indicates faster production growth at large steel plants. Therefore, the increased production of steel would increase the production of vanadium.

By Source: The global vanadium market production can be divided into three segments based on the source: Co-Production, Primary, and Secondary. Co-production held the highest share of the market. Also, it is expected to be the fastest-growing segment in the forecasted period. Iron ore with a higher vanadium content offers more favorable economics for co-production, and in general terms, iron ore from China, Russia, and South Africa is particularly well suited to this approach. The bulk of China and Russia's vanadium production, and therefore global vanadium production, comes from co-production. As mining and extraction technologies improve, it becomes more feasible and cost-effective to extract vanadium as a by-product during the production of other minerals.

By Consumption: India's steel production is set to grow to 300Mt by 2030 from 118Mt in 2021. To add strength to steel, the intensity of use rate for vanadium per tonne of steel in India is about 0.039. So, with this increase in steel production, India's use of vanadium would go from 4,675 tonnes per annum (equivalent to 8,350 V2O5) to around 11,900 tonnes of vanadium (equivalent to 21,200 tonnes of V2O5). Hence, the growing spending on infrastructure and growing steel production would stimulate the consumption of vanadium in the coming years.

By End-User: The global vanadium market consumption has been analyzed based on the following end-users: Steel Alloy, Chemical & Catalyst, Titanium Alloys, and Energy Storage. Energy storage is expected to be the fastest-growing segment in the forecasted period. VRFB, which uses vanadium ions in different oxidation states to store energy, is considered to be a cost-competitive alternative to lithium-ion technology for large-scale, long-duration energy storage. Hence the use of vanadium is expected to rise in energy storage systems in the coming years.

By Region: The report provides insight into the vanadium market based on the regions namely, Asia Pacific, North America, Europe, and the Rest of the World. Asia Pacific held the highest share of the market. Many governments in the Asia Pacific region have established renewable energy policies and targets to encourage the deployment of clean energy sources. By incentivizing renewable energy adoption, governments support the growth of the vanadium market.

The global vanadium market production has been further analyzed based on the following regions namely, China, Russia, South Africa, Brazil, and the Rest of the World. China has been the largest producer and consumer of vanadium, with significant vanadium reserves and a strong presence in the steel industry, where vanadium is used as an alloying agent. Russia is the world's second-largest vanadium-producing country. The majority of its output can be attributed to EVRAZ, a vertically integrated steel, mining, and vanadium business.

Furthermore, the global vanadium market consumption has been analyzed based on the following regions: China, North America, Europe, and the Rest of the World. In 2022, vanadium demand in China has been lower than expected as a result of steel production curbs in China enforced due to the Winter Olympics and extended COVID-19 shutdowns. Moreover, China's faltering property sector, and its depressed construction sector together with environmental cuts to production, and limited steel demand & supply led to the fell back of vanadium demand in the country.

Market Dynamics:

Growth Drivers: The global vanadium market growth is predicted to be supported by numerous growth drivers such as increasing steel production, growing construction sector, rapid urbanization, escalating medical devices industry, increasing demand for electric vehicles, escalating use in the chemical industry, and many other factors. Vanadium is primarily used as an alloying element in steel production. It is added to steel in small amounts to improve its mechanical properties, such as strength, hardness, and toughness. Vanadium-containing steels, commonly known as high-strength or high-performance steels, find applications in various industries, including construction, automotive, machinery, and infrastructure. The growth in steel production directly translates to increased demand for vanadium as an alloying element.

Challenges: However, the market growth would be negatively impacted by various challenges such as price volatility, environmental and regulatory considerations, competition from substitutes, etc. Volatile prices make it challenging to plan production, manage costs, and make long-term investment decisions. This uncertainty can lead to a reluctance to invest in new projects or expand existing operations, thereby hindering the growth of the vanadium market.

Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as increasing demand for the VRFBs, research and development for new applications, exploration, and development of vanadium deposits, technological advancements, etc. Vanadium redox flow batteries (VRFBs) require a significant amount of vanadium for their operation. The electrolyte in VRFBs consists of vanadium ions in different oxidation states, which allow for the storage and release of electrical energy. As the adoption of VRFBs increases, the demand for vanadium as a key component in the electrolyte will also rise, resulting in increased vanadium consumption.

Impact Analysis of COVID-19 and Way Forward:

The COVID-19 pandemic has led to disruptions in mining operations, production facilities, and supply chains worldwide. Moreover, reduced construction activities, factory shutdowns, and decreased demand for vehicles have led to a decline in the consumption of vanadium-containing products in the initial period of 2020. However, as economies gradually reopened and stimulus measures were implemented, several industries started to recover, leading to increased demand for vanadium-containing products. In the post-COVID era, the recovery of global economies, infrastructure development projects, and the adoption of energy storage technologies would play significant roles in shaping the future market value of vanadium.

Competitive Landscape:

The global vanadium market is fragmented, with several key players operating on a global scale. The key players in the global vanadium market are:

Largo Inc.

Bushveld Minerals Limited

EVRAZ

Glencore Plc

AMG Advanced Metallurgical Group N.V.(AMG Vanadium LLC)

Ferro-Alloy Resources Limited

HBIS Group

Essel Mining & Industries Limited

Western Uranium & Vanadium Corp.

Voyager Metals Inc.

Australian Vanadium Ltd.

VanadiumCorp Resource Inc.

In 2022, Australian Vanadium produces 11,200 tonnes of vanadium pentoxide (V2O5), increasing from 11,022 tonnes in 2021. Also, in June 2023, AVL received US$9.8 million from the Australian government as part of the Modern Manufacturing Initiative. This funding would be used to support the development of AVL's vanadium redox flow battery manufacturing facility in Western Australia. On the other hand, in 2022, AMG Advanced Metallurgical Group N.V. announced the Management Board has approved to build of a Vanadium Electrolyte plant at the company's subsidiary, AMG Titanium, in Nuremberg, Germany. The target capacity is 6,000 m³ vanadium electrolyte.

Table of Contents

1. Executive Summary

2. Introduction

• 2.1 Vanadium: An Overview
  • 2.1.1 Introduction to Vanadium
  • 2.1.2 Uses of Vanadium
• 2.2 Vanadium Segmentation: An Overview
  • 2.2.1 Vanadium Segmentation

3. Global Market Analysis

• 3.1 Global Vanadium Market: An Analysis
  • 3.1.1 Global Vanadium Market: An Overview
  • 3.1.2 Global Vanadium Market by Value
  • 3.1.3 Global Vanadium Market by Type (Vanadium Pentoxide, Vanadium Ferrovanadium, Aluminium Vanadium Alloys, Vanadium Chemicals, and Others)
  • 3.1.4 Global Vanadium Market by Region (Asia Pacific, Europe, North America, and Rest of the World)
• 3.2 Global Vanadium Market: Type Analysis
  • 3.2.1 Global Vanadium Market by Type: An Overview
  • 3.2.2 Global Vanadium Pentoxide Market by Value
  • 3.2.3 Global Vanadium Ferrovanadium Market by Value
  • 3.2.4 Global Aluminium Vanadium Alloys Market by Value
  • 3.2.5 Global Vanadium Chemicals Market by Value
  • 3.2.6 Global Others Vanadium Market by Value
• 3.3 Global Vanadium Market: Regional Analysis
  • 3.3.1 Global Vanadium Market by Region: An Overview
  • 3.3.2 Asia Pacific Vanadium Market by Value
  • 3.3.3 Europe Vanadium Market by Value
  • 3.3.4 North America Vanadium Market by Value
  • 3.3.5 Rest of World Vanadium Market by Value
• 3.4 Global Vanadium Market: Reserve Analysis
  • 3.4.1 Global Vanadium Market by Reserve: An Overview
  • 3.4.2 Global Vanadium Market by Reserves

4. Production Analysis

• 4.1 Global Vanadium Market Production: An Analysis
  • 4.1.1 Global Vanadium Market by Production: An Overview
  • 4.1.2 Global Vanadium Market by Production
  • 4.1.3 Global Vanadium Market Production by Source (Co-production, Primary, and Secondary)
  • 4.1.4 Global Vanadium Market Production by Region (China, Russia, South Africa, Brazil, and Rest of the World)
  • 4.1.5 Global Vanadium Market Primary Production by Region (South Africa, Brazil, and China)
• 4.2 Global Vanadium Market Production: Source Analysis
  • 4.2.1 Global Vanadium Market Production by Source: An Overview
  • 4.2.2 Global Vanadium Market by Co-Production
  • 4.2.3 Global Vanadium Market by Primary Production
  • 4.2.4 Global Vanadium Market by Secondary Production
• 4.3 Global Vanadium Market Production: Regional Analysis
  • 4.3.1 Global Vanadium Market Production by Region: An Overview
  • 4.3.2 China Vanadium Market by Production
  • 4.3.3 Russia Vanadium Market by Production
  • 4.3.4 South Africa Vanadium Market by Production
  • 4.3.5 Brazil Vanadium Market by Production
  • 4.3.6 Rest of World Vanadium Market by Production

5. Consumption Analysis

• 5.1 Global Vanadium Market Consumption: An Analysis
  • 5.1.1 Global Vanadium Market by Consumption: An Overview
  • 5.1.2 Global Vanadium Market by Consumption
  • 5.1.3 Global Vanadium Market Consumption by End-User (Steel Alloy, Chemical & Catalyst, Titanium Alloys, and Energy Storage)
  • 5.1.4 Global Vanadium Market Consumption by Region (China, Europe, North America, and Rest of the World)
• 5.2 Global Vanadium Market Consumption: End-User Analysis
  • 5.2.1 Global Vanadium Market Consumption by End-User: An Overview
  • 5.2.2 Global Steel Alloy Vanadium Market by Consumption
  • 5.2.3 Global Chemical & Catalyst Vanadium Market by Consumption
  • 5.2.4 Global Titanium Alloys Vanadium Market by Consumption
  • 5.2.5 Global Energy Storage Vanadium Market by Consumption
• 5.3 Global Vanadium Market Consumption: Regional Analysis
  • 5.3.1 Global Vanadium Market Consumption by Region: An Overview
  • 5.3.2 China Vanadium Market by Consumption
  • 5.3.3 Europe Vanadium Market by Consumption
  • 5.3.4 North America Vanadium Market by Consumption
  • 5.3.5 Rest of World Vanadium Market by Consumption

6. Impact of COVID-19

• 6.1 Impact of COVID -19 on Global Vanadium Market
• 6.2 Post COVID -19 Impact on Global Vanadium Market

7. Market Dynamics

• 7.1 Growth Drivers
  • 7.1.1 Increasing Steel Production
  • 7.1.2 Growing Construction Sector
  • 7.1.3 Rapid Urbanization
  • 7.1.4 Escalating Medical Devices Industry
  • 7.1.5 Increasing Demand for Electric Vehicles (EVs)
  • 7.1.6 Growing Air Passenger Traffic
  • 7.1.7 Escalating Use in Chemical Industry
• 7.2 Challenges
  • 7.2.1 Price Volatility
  • 7.2.2 Environmental And Regulatory Considerations
  • 7.2.3 Competition from Substitutes
• 7.3 Market Trends
  • 7.3.1 Increasing Demand for the Vanadium Redox Flow Batteries (VRFBs)
  • 7.3.2 Increasing Regulation on Air Pollution Control
  • 7.3.3 Research and Development for New Applications
  • 7.3.4 Exploration and Development of Vanadium Deposits
  • 7.3.5 Technological Advancements

8. Competitive Landscape

• 8.1 Global Vanadium Market Players by Vanadium Pentoxide Production
• 8.2 Global Vanadium Market Players: Resources Comparison
• 8.3 Global Vanadium Market Players: Ore Reserves Comparison

9. Company Profiles

• 9.1 Largo Inc.
  • 9.1.1 Business Overview
  • 9.1.2 Operating Segments
  • 9.1.3 Business Strategy
• 9.2 Bushveld Minerals Limited
  • 9.2.1 Business Overview
  • 9.2.2 Operating Segments
  • 9.2.3 Business Strategy
• 9.3 EVRAZ
  • 9.3.1 Business Overview
  • 9.3.2 Operating Segments
  • 9.3.3 Business Strategy
• 9.4 Glencore Plc
  • 9.4.1 Business Overview
  • 9.4.2 Operating Segments
  • 9.4.3 Business Strategy
• 9.5 AMG Advanced Metallurgical Group N.V.(AMG Vanadium LLC)
  • 9.5.1 Business Overview
  • 9.5.2 Operating Segments
  • 9.5.3 Business Strategy
• 9.6 Ferro-Alloy Resources Limited
  • 9.6.1 Business Overview
  • 9.6.2 Operating Segments
  • 9.6.3 Business Strategy
• 9.7 HBIS Group
  • 9.7.1 Business Overview
  • 9.7.2 Business Strategy
• 9.8 Essel Mining & Industries Limited
  • 9.8.1 Business Overview
  • 9.8.2 Business Strategy
• 9.9 Western Uranium & Vanadium Corp.
  • 9.9.1 Business Overview
  • 9.9.2 Business Strategy
• 9.10 Voyager Metals Inc.
  • 9.10.1 Business Overview
  • 9.10.2 Business Strategy
• 9.11 Australian Vanadium Ltd.
  • 9.11.1 Business Overview
  • 9.11.2 Business Strategy
• 9.12 VanadiumCorp Resource Inc.
  • 9.12.1 Business Overview
  • 9.12.2 Business Strategy

List of Tables

• Table 1: Global Vanadium Market Players: Resources Comparison (2022)
• Table 2: Global Vanadium Market Players: Ore Reserves Comparison (2022)

List of Figures

• Figure 1: Vanadium Segmentation
• Figure 2: Global Vanadium Market by Value; 2018-2022 (US$ Billion)
• Figure 3: Global Vanadium Market by Value; 2023-2028 (US$ Billion)
• Figure 4: Global Vanadium Market by Type; 2022 (Percentage, %)
• Figure 5: Global Vanadium Market by Region; 2022 (Percentage, %)
• Figure 6: Global Vanadium Pentoxide Market by Value; 2018-2022 (US$ Billion)v Figure 7: Global Vanadium Pentoxide Market by Value; 2023-2028 (US$ Billion)
• Figure 8: Global Vanadium Ferrovanadium Market by Value; 2018-2022 (US$ Million)
• Figure 9: Global Vanadium Ferrovanadium Market by Value; 2023-2028 (US$ Million)
• Figure 10: Global Aluminium Vanadium Alloys Market by Value; 2018-2022 (US$ Million)
• Figure 11: Global Aluminium Vanadium Alloys Market by Value; 2023-2028 (US$ Million)
• Figure 12: Global Vanadium Chemicals Market by Value; 2018-2022 (US$ Million)
• Figure 13: Global Vanadium Chemicals Market by Value; 2023-2028 (US$ Million)
• Figure 14: Global Others Vanadium Market by Value; 2018-2022 (US$ Million)
• Figure 15: Global Others Vanadium Market by Value; 2023-2028 (US$ Million)
• Figure 16: Asia Pacific Vanadium Market by Value; 2018-2022 (US$ Billion)
• Figure 17: Asia Pacific Vanadium Market by Value; 2023-2028 (US$ Billion)
• Figure 18: Europe Vanadium Market by Value; 2018-2022 (US$ Million)
• Figure 19: Europe Vanadium Market by Value; 2023-2028 (US$ Million)
• Figure 20: North America Vanadium Market by Value; 2018-2022 (US$ Million)
• Figure 21: North America Vanadium Market by Value; 2023-2028 (US$ Million)
• Figure 22: Rest of World Vanadium Market by Value; 2018-2022 (US$ Million)
• Figure 23: Rest of World Vanadium Market by Value; 2023-2028 (US$ Million)
• Figure 24: Global Vanadium Market Reserves by Region; 2022 (Percentage, %)
• Figure 25: Global Vanadium Market by Reserves and Reserve Life; 2022 (Million Tonnes, Years)
• Figure 26: Global Vanadium Market by Production; 2018-2022 (Thousand Tonnes)
• Figure 27: Global Vanadium Market by Production; 2023-2028 (Thousand Tonnes)
• Figure 28: Global Vanadium Market Production by Source; 2022 (Percentage, %)
• Figure 29: Global Vanadium Market Production by Region; 2022 (Percentage, %)
• Figure 30: Global Vanadium Market Primary Production by Region; 2022 (Percentage, %)
• Figure 31: Global Vanadium Market By Co-Production; 2018-2022 (Thousand Tonnes)
• Figure 32: Global Vanadium Market By Co-Production; 2023-2028 (Thousand Tonnes)
• Figure 33: Global Vanadium Market By Primary Production; 2018-2022 (Thousand Tonnes)
• Figure 34: Global Vanadium Market By Primary Production; 2023-2028 (Thousand Tonnes)
• Figure 35: Global Vanadium Market By Secondary Production; 2018-2022 (Thousand Tonnes)
• Figure 36: Global Vanadium Market By Secondary Production; 2023-2028 (Thousand Tonnes)
• Figure 37: China Vanadium Market by Production; 2018-2022 (Thousand Tonnes)
• Figure 38: Russia Vanadium Market by Production; 2018-2022 (Thousand Tonnes)
• Figure 39: South Africa Vanadium Market by Production; 2018-2022 (Thousand Tonnes)
• Figure 40: Brazil Vanadium Market by Production; 2018-2022 (Thousand Tonnes)
• Figure 41: Rest of World Vanadium Market by Production; 2018-2022 (Thousand Tonnes)
• Figure 42: Global Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
• Figure 43: Global Vanadium Market by Consumption; 2023-2028 (Thousand Tonnes)
• Figure 44: Global Vanadium Market Consumption by End-User; 2022 (Percentage, %)
• Figure 45: Global Vanadium Market Consumption by Region; 2022 (Percentage, %)
• Figure 46: Global Steel Alloy Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
• Figure 47: Global Steel Alloy Vanadium Market by Consumption; 2023-2028 (Thousand Tonnes)
• Figure 48: Global Chemical & Catalyst Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
• Figure 49: Global Chemical & Catalyst Vanadium Market by Consumption; 2023-2028 (Thousand Tonnes)
• Figure 50: Global Titanium Alloys Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
• Figure 51: Global Titanium Alloys Vanadium Market by Consumption; 2023-2028 (Thousand Tonnes)
• Figure 52: Global Energy Storage Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
• Figure 53: Global Energy Storage Vanadium Market by Consumption; 2023-2028 (Thousand Tonnes)
• Figure 54: China Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
• Figure 55: Europe Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
• Figure 56: North America Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
• Figure 57: Rest of World Vanadium Market by Consumption; 2018-2022 (Thousand Tonnes)
• Figure 58: Global Production of Crude Steel; 2018-2022 (Million Tonnes)
• Figure 59: Global Construction Market Size; 2020-2030 (US$ Trillion)
• Figure 60: Share of Urban Population in Total Population by Group of Economies; 2016, 2021 & 2050 (Percentage, %)
• Figure 61: Global Medical Devices Market Revenue; 2021-2028 (US$ Billion)
• Figure 62: Global EV Sales Market Share; 2017-2022 (Percentage, %)
• Figure 63: Global Air Passenger Traffic Year-on-Year Change; March 2023 (Percentage, %)
• Figure 64: Vanadium Oxide(V2O5) Spot Price: May 2021-October 2022 (US$/lb)
• Figure 65: Global Demand for Vanadium in VRFB; 2019-2022 (Metric Tonnes)
• Figure 66: Global Annual Installed Utility-Scale VRFB Battery Deployment Energy Capacity; 2022-2031 (GWH)
• Figure 67: Global Vanadium Market Players by Vanadium Pentoxide (V2O5) Production; 2021-2022 (Tonnes)
• Figure 68: Largo Inc. Revenues by Segment; 2022 (Percentage, %)
• Figure 69: Bushveld Minerals Limited Revenue by Segment ;2022 (Percentage, %)
• Figure 70: EVRAZ Revenues by Segment; 2021 (Percentage, %)
• Figure 71: Glencore Plc Revenue by Segment; 2022 (Percentage, %)
• Figure 72: AMG Advanced Metallurgical Group N.V. Revenue by Segment; 2022 (Percentage, %)
• Figure 73: Ferro-Alloy Resources Limited Revenue by Segment; 2022 (Percentage, %)