Major factor driving growth of the global ferrovanadium market is increasing demand from construction industry. In addition, growing demand from aerospace industry for high strength alloy and steel is another factor expected to support growth of the global ferrovanadium market.

The global ferrovanadium market report has been segmented on the basis of grade, production method, end-use industry, and region.

The grade segment in the global ferrovanadium market is segmented on the basis of FeV 40, FeV 50, FeV 60, and FeV 80. The FeV 60 segment is expected to contribute significant revenue share in the global market.

The production method segment in the global ferrovanadium market is segmented on the basis of aluminothermic reduction technique and silicon reduction technique. The silicon reduction technique segment is expected to contribute significant revenue share in the global market.

The end-use industry segment in the global ferrovanadium market is segmented on the basis of aerospace, automotive & transportation, construction, oil & gas, and industrial equipment. The construction segment is expected to contribute significant revenue share in the global market.

On the basis of region, the global ferrovanadium market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

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The market in Asia Pacific is expected to dominate the global ferrovanadium market and is expected to continue its dominance over the forecast period. The markets in North America and Europe are expected to contribute significant revenue shares to the global ferrovanadium market. The market in North America is expected to register fastest growth. The markets in Latin America and Middle East & Africa are expect to witness moderate growth over the forecast period.

Key players operating in the global ferrovanadium market include EVRAZ plc, AMG Advanced Metallurgical Group, Bear Metallurgical Company, TREIBACHER INDUSTRIE AG, Reade International Corp., Masterloy Products Company, Hickman Williams & Company, JINZHOU GUANGDA FERROALLOY CO., LTD., TAIYO KOKO Co., Ltd., Woojin Ind. Co., Ltd., JAYESH GROUP, Pangang Group Vanadium Titanium & Resources Co., Ltd., and NTPF Etalon Co., Ltd.

 

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