Ammonium Metavanadate Market Report

Market Insights

Ammonium Metavanadate Market is likely to witness a CAGR of 6.2% during the forecast period. The growth of the market during the forecast period is mainly driven by rise in adoption of sodium-ion batteries in North America, growing glass industry in Europe, and increasing demand for vanadium pentoxide from steel industry and growing adoption of ceramics in construction sector in Asia-Pacific.

Segment Analysis

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Ammonium Metavanadate Market Share: By Form Type

Based on the form type, the market is segmented as 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 industrial sector.

Ammonium Metavanadate Market Share: By Purity Type

Based on the purity type, the market is segmented as 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 and fine particle size, and being odorless features offered by it, making it an ideal catalyst for producing organic compounds.

Ammonium Metavanadate Market Share: By Application Type

Based on the application type, the market is segmented as 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.

Ammonium Metavanadate Market Share: By Region

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 is 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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Market Scope & Segmentation

Ammonium metavanadate is basically an inorganic compound, generally found in a white, yellow or clear crystalline powder form. It is broadly used as a laboratory reagent for producing various chemicals such as catalysts and vanadium pentoxide, and is also an important intermediate in the purification of vanadium.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The ammonium metavanadate market is segmented into the following categories.

Ammonium Metavanadate Market Size, Share, & Forecast, by Form Type:

• Powder (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Granules (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Ammonium Metavanadate Market Size, Share, & Forecast, by Purity Type:

• 98-99% (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Minimum 99% (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Ammonium Metavanadate Market Size, Share, & Forecast, by Application Type:

• Chemical Reagents (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Catalysts (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Paints, Inks, & Dyes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ceramics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Ammonium Metavanadate Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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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.

Research Methodology

This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, 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 the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. 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. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report 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 form 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 at sales@stratviewresearch.com.