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  • Ammonium Metavanadate Market Analysis | 2023-2028

    Ammonium Metavanadate Market Analysis | 2023-2028

    Ammonium Metavanadate Market Analysis | 2023-2028
    Report code - SRAM670 Delivery - 2 Weeks
    Ammonium Metavanadate Market Size, Share, Trend, Forecast & Industry Analysis: 20 See more...

    Market Insights

    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.

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    What is Ammonium Metavanadate?

    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

    Ammonium-Metavanadate-Market-Dominant-Segments

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    By Form Type

    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

    The market is segmented into 98-99% and 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

    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

    In terms of regions, North America is estimated to be the dominating region in the market during the forecast period with the U.S. being 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

    Some of the key players in the ammonium metavanadate market are-

    • ACS Chemicals
    • American Elements
    • Gesellschaft für Elektrometallurgie
    • Merck KGaA
    • Motiv Metals LLC
    • Santa Cruz Biotechnology Inc.
    • Sisco Research Laboratories
    • Strem Chemicals
    • Thermo Fisher Scientific
    • Yogi Dye Chem Industries.

    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?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    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.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • 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.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The Ammonium Metavanadate Market is expected to grow at a CAGR of 6.2% during 2023-2028.

    ACS Chemicals, American Elements, Gesellschaft fr 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.

    The Ammonium Metavanadate Market is expected to reach US$ 71.91 million by 2028.

    North America is expected to dominate the ammonium metavanadate market during the forecast period.

    Catalyst is expected to account for the major share of the ammonium metavanadate market in the coming years.

    Minimum 99% is expected to lead the ammonium metavanadate market over the next five years.

    The powder form type is expected to remain dominant in the ammonium metavanadate market in the coming five years.

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