Ammonium Metavanadate Market is segmented by Form Type (Powder and Granules), Purity Type (98-99% and Minimum 99%), Application Type (Chemical Reagents, Catalysts, Paints, Inks & Dyes, Ceramics, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Ammonium Metavanadate Market is segmented by Form Type (Powder and Granules), Purity Type (98-99% and Minimum 99%), Application Type (Chemical Reagents, Catalysts, Paints, Inks & Dyes, Ceramics, and Others), and Region ...
“The Ammonium Metavanadate Market was estimated at US$ 49.84 million in 2022 and is expected to grow at a CAGR of 6.2% during 2023-2028 to reach US$ 71.91 million by 2028.”
Ammonium metavanadate is a chemical compound with the formula NH4VO3. It is a white, crystalline powder and a common vanadium compound. This compound is a key precursor in the production of various vanadium compounds and catalysts. Ammonium metavanadate is soluble in water, and its versatility extends to its applications in analytical chemistry, where it serves as a reagent for the determination of phosphates and alkaloids.
Ammonium Metavanadate Market Report Overview
Market Size in 2028
USD 71.91 Million
Market Size in 2022
USD 49.84 Million
Market Growth (2023-2028)
6.2%
Forecast Period
2023-2028
Base Year of Study
2022
Trend Period
2017-2021
Market Drivers
The growth of the market during the forecast period is mainly driven by a rise in the adoption of sodium-ion batteries in North America, the growing glass industry in Europe, an increasing demand for vanadium pentoxide from the steel industry, and the growing adoption of ceramics in the construction sector in Asia-Pacific. It is also used in the synthesis of dyes and pigments. Its significance lies in its role as a source of vanadium in different chemical processes, contributing to the broader realm of materials science and industrial applications.
Segments Analysis
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By Form Type
“The powder segment dominates the market during the forecast period.”
The ammonium metavanadate market is segmented into powder and granules. The powder form type is estimated to be the dominating segment of the market during the forecast period owing to its suitability and widespread application in the industrial sector.
By Purity Type
“Minimum 99% dominates the market during the forecast period.”
The market is segmented into 98-99% and a minimum 99%. Minimum 99% is estimated to be the leading purity type in the market on account of various advantages such as high chemical stability under normal conditions, high purity, fine particle size, and odorless features offered, making it an ideal catalyst for producing organic compounds.
By Application Type
“Catalyst dominates the market during the forecast period.”
The ammonium metavanadate market is segmented into chemical reagents, catalysts, paints, inks, & dyes, ceramics, and others. Catalyst is estimated to account for the major share of the market during the forecast period on account of its wide utilization in organic and inorganic synthesis and in the reduction of harmful nitrogen oxides emitted from boilers.
Regional Analysis
“North America is estimated to be the dominating regionin the market during the forecast period.”
The U.S. is the growth engine of the regional market. Factors, such as growing electricity demand, resulting in an increased requirement for rechargeable sodium-ion batteries in the regional market are further expected to fuel the product demand during the forecast period.
On the other hand, Europe and Asia-Pacific are also estimated to witness significant growth in the market on account of events leading to increased productivity across both regions during the forecast period.
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Key Players
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.
The following are the key players in the ammonium metavanadatemarket (arranged alphabetically).
Note:The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Ammonium Metavanadate Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Who are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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Detailed profiling of additional market players (up to 3 players).
SWOT analysis of key players (up to 3 players).
Market Segmentation
Current market segmentation of any one of the product types by application type.
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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Ammonium metavanadate is a chemical compound with the formula NH4VO3. It is a white, crystalline powder and a common vanadium compound. This compound is a key precursor in the production of various vanadium compounds and catalysts. Ammonium metavanadate is soluble in water, and its versatility extends to its applications in analytical chemistry, where it serves as a reagent for the determination of phosphates and alkaloids.
ACS Chemicals, American Elements, Gesellschaft für Elektrometallurgie, Merck KGaA, Motiv Metals LLC, Santa Cruz Biotechnology Inc., Sisco Research Laboratories, Strem Chemicals, Thermo Fisher Scientific, and Yogi Dye Chem Industries are among the key players in the ammonium metavanadate market.