High-purity Vanadium Market
High-purity Vanadium Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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High-purity Vanadium Market Size and Growth
The High-purity Vanadium market is witnessing robust growth due to increased demand in energy storage and aerospace applications. The global market size reached approximately USD 450 million in 2023, with a projected CAGR of 7% over the next five years, driven by advancements in battery technology and renewable energy initiatives.
Companies Covered
(Covid 19 Impact Covered)
◍ ATI Metals
◍ NWME Group
◍ American Elements
◍ Panzhihua Steel
◍ U.S. Vanadium Holding Company
◍ EVRAZ
◍ VanadiumCorp
◍ Ironstone Resources
◍ Suzhou Donghua Fangui
◍ GfE
◍ Hunan Hanrui
◍ Liaoyang Hengye
The high-purity vanadium market features key players like ATI Metals, American Elements, and EVRAZ, who supply high-purity vanadium for battery and alloy applications. They foster market growth through innovation, strategic partnerships, and expansion. Sales revenue figures: ATI Metals: $2.3 billion; American Elements: $600 million; EVRAZ: $12.5 billion.
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