New Technological Advances and Steel Industry Development – Key Vanadium Market Drivers According to Merchant Research & Consulting, Ltd.24 Jun 2011 • by Natalie Aster
LONDON – The future trends on the vanadium market landscape are to be shaped by the new technological advances and broadening application segments, among which there are vanadium steels in electric power generating units, vanadium redox flow battery, vanadium alloys for compressors of aero-engine gas turbines, vanadium steels for high-speed, high-energy autogenous welding, etc.
The primary driver for the vanadium sector is still the steel industry, as the steel output increases, so does the vanadium trade activity. The global vanadium market is forecast to jump up significantly by the end of the coming 5-year-period.
Detailed review and forecast on global, regional and country markets of vanadium can be found in the new market research report “Vanadium Market Review” that covers present situation, historical background and future forecast and addresses comprehensive data showing vanadium capacities, production, consumption, trade statistics, and prices in the recent years are provided (globally, regionally and by country).
Vanadium Market Review
Published: February, 2011
The report also indicates a wealth of information on vanadium producers and suppliers, covers vanadium production in the respective country, major vanadium producers, vanadium consumption in the country market, vanadium trade in the country, vanadium prices. Vanadium market forecast for next five years, including market volumes and prices is also provided.
The study on vanadium has been completed by Merchant Research & Consulting Ltd, an internationally recognized market research agency, specializing in chemical industry. “Vanadium Market Review” is included into the catalogue “Metals”, which also highlights Aluminum, Cadmium, Iron and Steel, Lead, Lithium, Magnesium, Mercury, Silver, Titanium, Zinc, Zirconium and Hafnium markets.
Monthly report updates for “Vanadium Market Review” are available at http://mcgroup.co.uk/periodicals/monthly
Merchant Research & Consulting Ltd.
Julia Hill, Sales Manager
Tel: +44 20 7558 8740
Fax: +44 (20) 7900-3970