Global Vanadium Market https://www.yahoo.com/lifestyle/global-vanadium-market-reach-81-153800996.html
Global Vanadium Market to Reach $81.8 Billion by 2030
Excerpt
In the changed post COVID-19 business landscape, the global market for Vanadium estimated at US$42.5 Billion in the year 2022, is projected to reach a revised size of US$81.8 Billion by 2030, growing at aCAGR of 8.5% over the period 2022-2030. Iron & Steel, one of the segments analyzed in the report, is projected to record 8.9% CAGR and reach US$43.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Energy Storage segment is readjusted to a revised 9.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $11.6 Billion, While China is Forecast to Grow at 12.7% CAGR
The Vanadium market in the U.S. is estimated at US$11.6 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.6 Billion by the year 2030 trailing a CAGR of 12.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 7.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.