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市场调查报告书
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1865532

全球氧化钒市场：预测（至2032年）－按类型、形状、应用和地区分類的分析

Vanadium Oxide Market Forecasts to 2032 - Global Analysis By Type (Vanadium Pentoxide (V2O5), Vanadium Trioxide (V2O3), and Other Vanadium Oxides), Form, Application and By Geography
出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3个工作天内

价格

根据 Stratistics MRC 的数据，预计 2025 年全球氧化钒市场规模将达到 1.4668 亿美元，到 2032 年将达到 3.3246 亿美元，预测期内复合年增长率为 12.4%。

钒氧化物是钒和氧以不同氧化态组成的无机化合物的总称，尤其指钒(II)、(III)、(IV)和(V)的氧化物。五氧化二钒(V₂O₅)是最常见且最稳定的钒氧化物，广泛用作硫酸生产等化学过程的催化剂。其催化性能和导电性也使其适用于陶瓷、电池和先进电子材料等领域。

根据美国地质调查局（USGS）估计，2020 年全球钒产量约为 85,000 吨，显示在技术进步和日益增强的环保意识的推动下，需求稳步增长。

基础设施建设和都市化

随着城市扩张，对可靠储能和发电的需求日益增长，推动了钒液流电池（VRFB）的应用，而钒氧化物是VRFB的关键组件。各国政府和私人投资者正致力于将可再生能源併入城市电网，进一步促进了市场成长。钒氧化物作为计划中钢材的增强材料，也促进了其在基础设施应用领域的需求成长。亚洲和非洲的新兴经济体正在大规模投资能源和交通基础设施，创造了巨大的市场机会。能源和建筑业的双重需求预计将巩固钒氧化物作为关键工业材料的地位。

来自替代电池技术的竞争

由于初始成本低、供应链成熟且能量密度高，替代技术正获得显着的市场认可。固态电池和混合电池的研发也分散了对钒液流电池的投资。钒基电池初始成本高且大规模部署有限，进一步限制了其竞争力。製造商在提高消费者认知度和市场认可度方面面临挑战，消费者更倾向于锂基解决方案。因此，技术和成本壁垒仍限制着钒氧化物在储能领域的广泛应用。

日益关注中国以外的初级生产

在澳洲、南非和加拿大等地区，政府和矿业公司正在投资发展独立的钒生产能力。此举旨在降低全球对中国出口的依赖，并稳定市场价格波动。此外，西方国家也在推动国内采购，以确保可再生能源储存系统所需的战略材料供应。在中国以外地区发展钒初级生产可望改善全球供应，提升竞争力。这些措施有望吸引新的投资，并促进精炼和提取技术的创新。

对液流电池缺乏了解以及生产规模方面的问题

儘管液流电池（VRFB）具有优异的生命週期和安全性优势，但由于市场教育和基础设施不足，其应用仍未充分利用。许多能源开发商仍然倾向于选择经过更广泛商业性检验的成熟技术，这减缓了液流电池的普及。缺乏标准化的生产流程和大规模製造设施也进一步导致成本效益低落。如果不增加行销和产能扩张的投入，这项技术将面临被其他竞争系统超越的风险。技术可行性与实际应用之间的差距是限制市场成长的主要因素。

新冠疫情的影响：

新冠肺炎疫情导致一系列封锁、矿业放缓和贸易限制，暂时扰乱了氧化钒的供应链。 2020年初，建筑、储能和钢铁製造等关键产业的需求下滑。然而，随着经济重启，在可再生能源和电网韧性投资激增的推动下，市场动能得以恢復。疫情凸显了永续能源解决方案的重要性，并加速了长时储能係统的部署。此后，许多生产商实施了数位化监控和自动化系统，以提高营运的连续性。

预计在预测期内，粉状产品将占据最大的市场份额。

由于钒氧化物粉末在储能和冶金行业的广泛应用，预计在预测期内，粉末状钒氧化物将占据最大的市场份额。钒氧化物粉末广泛应用于催化剂、陶瓷和涂料领域，具有用途广泛且易于整合到製造流程的优点。其高比表面积和高反应活性使其成为钒液流电池（VRFB）高效电极製造的理想选择。钢铁和合金製造商日益增长的需求也推动了该细分市场的主导地位。粉状配方能够精确控制化学成分，进而提高产品品质和性能。

预计在预测期内，储能领域将实现最高的复合年增长率。

由于全球对可再生能源併网投资的不断增加，预计在预测期内，储能领域将实现最高成长率。钒氧化物在钒液流电池（VRFB）中发挥关键作用，而钒液流电池在需要长时储能的电网级应用中正变得越来越重要。随着世界各国政府大力推动清洁能源转型，对永续和安全储能材料的需求也不断增长。钒液流电池的扩充性和可回收性使其在大规模太阳能和风力发电计划中极具吸引力。不断增加的研发投入和试点计画正在推动其性能效率的提升和成本的降低。

占比最大的地区：

由于亚太地区拥有强大的工业基础和不断扩张的可再生能源产业，预计该地区在预测期内将保持最大的市场份额。中国仍是全球最大的氧化钒生产国和消费国，这主要得益于钢铁和储能应用领域的强劲需求。日本、韩国和印度等国也正在加大对先进电池技术的投资。快速的都市化和基础设施建设进一步推动了该地区的需求。此外，各国政府所推行的清洁能源和能源安全政策也促进了该材料的应用。

预计年复合成长率最高的地区：

由于可再生能源的日益普及和供应链多元化努力，预计北美地区在预测期内将实现最高的复合年增长率。美国和加拿大正大力投资国内钒矿开采和提炼计划，以降低对进口的依赖。钒液流电池在电网现代化和储能计划中的日益普及也推动了市场需求。支持干净科技和材料韧性的政策进一步增强了市场前景。此外，研究机构与私人公司之间的合作正在加速技术创新。

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    • 基于产品系列、地域覆盖和策略联盟对主要企业基准化分析

目录

第一章执行摘要

第二章 引言

  • 概述
  • 相关利益者
  • 分析范围
  • 分析方法
    • 资料探勘
    • 数据分析
    • 数据检验
    • 分析方法
  • 分析材料
    • 原始研究资料
    • 二手研究资讯来源
    • 先决条件

第三章 市场趋势分析

  • 介绍
  • 司机
  • 抑制因素
  • 市场机会
  • 威胁
  • 应用分析
  • 新兴市场
  • 新冠疫情的感染疾病

第四章 波特五力分析

  • 供应商的议价能力
  • 买方议价能力
  • 替代产品的威胁
  • 新参与企业的威胁
  • 公司间的竞争

5. 全球氧化钒市场（按类型划分）

  • 介绍
  • 五氧化二钒（V2O5）
  • 三氧化钒（V2O3）
  • 其他钒氧化物

6. 全球氧化钒市场（依形态划分）

  • 介绍
  • 粉末
  • 颗粒
  • 分散液

7. 全球氧化钒市场依应用领域划分

  • 介绍
  • 钢铁冶金
    • 合金添加物
    • 钒铁生产
  • 化工
    • 催化剂
    • 颜料
  • 储能
    • 钒液流电池（VRFB）
    • 锂离子电池正极
  • 玻璃和陶瓷
    • 着色剂
    • 紫外线吸收剂
  • 其他用途

8. 全球氧化钒市场（依地区划分）

  • 介绍
  • 北美洲
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 义大利
    • 法国
    • 西班牙
    • 其他欧洲
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳洲
    • 纽西兰
    • 韩国
    • 其他亚太地区
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地区
  • 中东和非洲
    • 沙乌地阿拉伯
    • 阿拉伯聯合大公国
    • 卡达
    • 南非
    • 其他中东和非洲地区

第九章：主要趋势

  • 合约、商业伙伴关係和合资企业
  • 企业合併（M&A）
  • 新产品发布
  • 业务拓展
  • 其他关键策略

第十章：公司简介

  • Merck KGaA
  • Vanchem Vanadium Products
  • Bushveld Minerals
  • Idemitsu Kosan
  • HBIS Group
  • Vecco Group
  • AMG Titanium
  • GfE
  • China Ansteel Group Corporation Limited
  • Pangang Group Vanadium Titanium & Resources
  • Largo Inc.
  • AMG Advanced Metallurgical Group
  • Vametco
  • Australian Vanadium Limited
  • US Vanadium LLC
Product Code: SMRC32058

According to Stratistics MRC, the Global Vanadium Oxide Market is accounted for $146.68 million in 2025 and is expected to reach $332.46 million by 2032 growing at a CAGR of 12.4% during the forecast period. Vanadium oxide refers to a group of inorganic compounds containing vanadium and oxygen in various oxidation states, notably vanadium (II), (III), (IV), and (V). The most prevalent and stable type, vanadium pentoxide (V2O5), is extensively utilized as a catalyst in chemical processes such as sulfuric acid production. It also finds applications in ceramics, batteries, and advanced electronic materials due to its catalytic and conductive properties.

According to the U.S. Geological Survey, global vanadium production was estimated at around 85,000 metric tons in 2020, showcasing a steady increase in demand driven by advancements in technology and growing environmental awareness.

Market Dynamics:

Driver:

Infrastructure development and urbanization

As cities expand, the need for reliable energy storage and power generation grows, driving the adoption of vanadium redox flow batteries (VRFBs) that use vanadium oxide as a key component. Governments and private investors are focusing on renewable energy integration into urban grids, further supporting market growth. The material's role in strengthening steel for construction projects also contributes to its rising demand in infrastructure applications. Emerging economies in Asia and Africa are investing heavily in energy and transport infrastructure, creating substantial market opportunities. This dual demand from the energy and construction sectors is expected to solidify vanadium oxide's position as a critical industrial material.

Restraint:

Competition from alternative battery technologies

Technologies have gained significant market traction owing to their lower initial costs, established supply chains, and higher energy densities. Research and development in solid-state and hybrid batteries are also diverting investment focus away from VRFBs. The high upfront cost of vanadium-based batteries and limited large-scale deployment further restrict their competitiveness. Manufacturers struggle with consumer awareness and market perception that favors lithium-based solutions. As a result, technological and cost barriers continue to limit the broader adoption of vanadium oxide in the energy storage landscape.

Opportunity:

Increased focus on non-chinese primary production

Governments and mining companies across regions such as Australia, South Africa, and Canada are investing in developing independent vanadium production capacities. This shift aims to reduce global dependence on Chinese exports and stabilize price volatility in the market. Additionally, Western countries are encouraging domestic sourcing to secure strategic materials for renewable energy storage systems. The development of non-Chinese primary production is expected to boost global availability and competitiveness. These initiatives are likely to attract new investments and foster innovation in refining and extraction technologies.

Threat:

Lack of awareness and manufacturing scale for VRFBs

Despite their superior lifecycle and safety advantages, VRFBs remain underutilized due to insufficient market education and infrastructure. Many energy developers still prefer established technologies with broader commercial validation, slowing adoption. The lack of standardized production processes and large-scale manufacturing facilities further adds to cost inefficiencies. Without significant investment in marketing and capacity expansion, the technology risks being overshadowed by competing systems. This gap between technological potential and practical deployment poses a major constraint on market growth.

Covid-19 Impact:

The COVID-19 pandemic temporarily disrupted the vanadium oxide supply chain due to lockdowns, mining slowdowns, and trade restrictions. Demand from key sectors such as construction, energy storage, and steel manufacturing declined during early 2020. However, as economies reopened investments in renewable energy and grid resilience surged, reviving market momentum. The pandemic underscored the importance of sustainable energy solutions and accelerated the adoption of long-duration storage systems. Many producers have since implemented digital monitoring and automated systems to improve operational continuity.

The powder segment is expected to be the largest during the forecast period

The powder segment is expected to account for the largest market share during the forecast period, due to its wide application across energy storage and metallurgical industries. Vanadium oxide powder is extensively used in catalysts, ceramics, and coatings, providing versatility and ease of integration into manufacturing processes. Its high surface area and reactivity make it suitable for efficient electrode production in VRFBs. The growing demand from steel and alloy manufacturers also drives the segment's dominance. Powder-based forms enable precise control over chemical composition, improving product quality and performance.

The energy storage segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the energy storage segment is predicted to witness the highest growth rate, due to rising global investments in renewable integration. Vanadium oxide plays a critical role in VRFBs, which are gaining prominence for grid-scale applications requiring long-duration storage. Governments worldwide are emphasizing clean energy transition, spurring demand for sustainable and safe storage materials. The scalability and recyclability of VRFBs make them attractive for large-scale solar and wind energy projects. Increased R&D efforts and pilot installations are improving performance efficiency and reducing costs.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, due to its robust industrial base and expanding renewable energy sector. China remains the world's leading producer and consumer of vanadium oxide, supported by strong demand from steel and energy storage applications. Countries such as Japan, South Korea, and India are also ramping up investment in advanced battery technologies. Rapid urbanization and infrastructure expansion further amplify regional demand. Additionally, government policies promoting clean energy and energy security support the material's adoption.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to growing renewable energy deployment and supply chain diversification efforts. The United States and Canada are investing heavily in domestic vanadium mining and refining projects to reduce import dependence. Increasing adoption of VRFBs for grid modernization and energy storage projects is also driving demand. Supportive policies promoting clean technology and material resilience further enhance market prospects. Additionally, collaboration between research institutes and private companies is accelerating technological innovation.

Key players in the market

Some of the key players in Vanadium Oxide Market include Merck KGaA, Vanchem Vanadium Products, Bushveld Minerals, Idemitsu Kosan, HBIS Group, Vecco Group, AMG Titanium, GfE, China Ansteel Group Corporation Limited, Pangang Group Vanadium Titanium & Resources, Largo Inc., AMG Advanced Metallurgical Group, Vametco, Australian Vanadium Limited, and U.S. Vanadium LLC.

Key Developments:

In October 2025, Merck announced that EMD Serono, the healthcare business of Merck in the U.S. and Canada, and U.S.-President Donald J. Trump's administration entered into an agreement to expand access to EMD Serono's portfolio of in vitro fertilization (IVF) therapies for the more than 10 million American women struggling to have a baby.

In September 2025, HBIS and AHQ Group signed a MOU on a water pipeline project in Riyadh, Saudi Arabia. HBIS Chairman Liu Jian and AHQ Chairman Tariq Abdulhadi Abdullah Al-Qahtani signed the MOU and discussed topics such as consolidating past cooperation achievements and jointly exploring future cooperation projects.

Types Covered:

  • Vanadium Pentoxide (V2O5)
  • Vanadium Trioxide (V2O3)
  • Other Vanadium Oxides

Forms Covered:

  • Powder
  • Granules
  • Liquid Dispersion

Applications Covered:

  • Steel & Metallurgy
  • Chemical Industry
  • Energy Storage
  • Glass & Ceramics
  • Other Applications

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 Emerging Markets
  • 3.8 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Vanadium Oxide Market, By Type

  • 5.1 Introduction
  • 5.2 Vanadium Pentoxide (V2O5)
  • 5.3 Vanadium Trioxide (V2O3)
  • 5.4 Other Vanadium Oxides

6 Global Vanadium Oxide Market, By Form

  • 6.1 Introduction
  • 6.2 Powder
  • 6.3 Granules
  • 6.4 Liquid Dispersion

7 Global Vanadium Oxide Market, By Application

  • 7.1 Introduction
  • 7.2 Steel & Metallurgy
    • 7.2.1 Alloying Additives
    • 7.2.2 Ferrovanadium Production
  • 7.3 Chemical Industry
    • 7.3.1 Catalysts
    • 7.3.2 Pigments
  • 7.4 Energy Storage
    • 7.4.1 Vanadium Redox Flow Batteries (VRFBs)
    • 7.4.2 Lithium-ion Battery Cathodes
  • 7.5 Glass & Ceramics
    • 7.5.1 Colorants
    • 7.5.2 UV Absorbers
  • 7.6 Other Applications

8 Global Vanadium Oxide Market, By Geography

  • 8.1 Introduction
  • 8.2 North America
    • 8.2.1 US
    • 8.2.2 Canada
    • 8.2.3 Mexico
  • 8.3 Europe
    • 8.3.1 Germany
    • 8.3.2 UK
    • 8.3.3 Italy
    • 8.3.4 France
    • 8.3.5 Spain
    • 8.3.6 Rest of Europe
  • 8.4 Asia Pacific
    • 8.4.1 Japan
    • 8.4.2 China
    • 8.4.3 India
    • 8.4.4 Australia
    • 8.4.5 New Zealand
    • 8.4.6 South Korea
    • 8.4.7 Rest of Asia Pacific
  • 8.5 South America
    • 8.5.1 Argentina
    • 8.5.2 Brazil
    • 8.5.3 Chile
    • 8.5.4 Rest of South America
  • 8.6 Middle East & Africa
    • 8.6.1 Saudi Arabia
    • 8.6.2 UAE
    • 8.6.3 Qatar
    • 8.6.4 South Africa
    • 8.6.5 Rest of Middle East & Africa

9 Key Developments

  • 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 9.2 Acquisitions & Mergers
  • 9.3 New Product Launch
  • 9.4 Expansions
  • 9.5 Other Key Strategies

10 Company Profiling

  • 10.1 Merck KGaA
  • 10.2 Vanchem Vanadium Products
  • 10.3 Bushveld Minerals
  • 10.4 Idemitsu Kosan
  • 10.5 HBIS Group
  • 10.6 Vecco Group
  • 10.7 AMG Titanium
  • 10.8 GfE
  • 10.9 China Ansteel Group Corporation Limited
  • 10.10 Pangang Group Vanadium Titanium & Resources
  • 10.11 Largo Inc.
  • 10.12 AMG Advanced Metallurgical Group
  • 10.13 Vametco
  • 10.14 Australian Vanadium Limited
  • 10.15 U.S. Vanadium LLC

List of Tables

  • Table 1 Global Vanadium Oxide Market Outlook, By Region (2024-2032) ($MN)
  • Table 2 Global Vanadium Oxide Market Outlook, By Type (2024-2032) ($MN)
  • Table 3 Global Vanadium Oxide Market Outlook, By Vanadium Pentoxide (V2O5) (2024-2032) ($MN)
  • Table 4 Global Vanadium Oxide Market Outlook, By Vanadium Trioxide (V2O3) (2024-2032) ($MN)
  • Table 5 Global Vanadium Oxide Market Outlook, By Other Vanadium Oxides (2024-2032) ($MN)
  • Table 6 Global Vanadium Oxide Market Outlook, By Form (2024-2032) ($MN)
  • Table 7 Global Vanadium Oxide Market Outlook, By Powder (2024-2032) ($MN)
  • Table 8 Global Vanadium Oxide Market Outlook, By Granules (2024-2032) ($MN)
  • Table 9 Global Vanadium Oxide Market Outlook, By Liquid Dispersion (2024-2032) ($MN)
  • Table 10 Global Vanadium Oxide Market Outlook, By Application (2024-2032) ($MN)
  • Table 11 Global Vanadium Oxide Market Outlook, By Steel & Metallurgy (2024-2032) ($MN)
  • Table 12 Global Vanadium Oxide Market Outlook, By Alloying Additives (2024-2032) ($MN)
  • Table 13 Global Vanadium Oxide Market Outlook, By Ferrovanadium Production (2024-2032) ($MN)
  • Table 14 Global Vanadium Oxide Market Outlook, By Chemical Industry (2024-2032) ($MN)
  • Table 15 Global Vanadium Oxide Market Outlook, By Catalysts (2024-2032) ($MN)
  • Table 16 Global Vanadium Oxide Market Outlook, By Pigments (2024-2032) ($MN)
  • Table 17 Global Vanadium Oxide Market Outlook, By Energy Storage (2024-2032) ($MN)
  • Table 18 Global Vanadium Oxide Market Outlook, By Vanadium Redox Flow Batteries (VRFBs) (2024-2032) ($MN)
  • Table 19 Global Vanadium Oxide Market Outlook, By Lithium-ion Battery Cathodes (2024-2032) ($MN)
  • Table 20 Global Vanadium Oxide Market Outlook, By Glass & Ceramics (2024-2032) ($MN)
  • Table 21 Global Vanadium Oxide Market Outlook, By Colorants (2024-2032) ($MN)
  • Table 22 Global Vanadium Oxide Market Outlook, By UV Absorbers (2024-2032) ($MN)
  • Table 23 Global Vanadium Oxide Market Outlook, By Other Applications (2024-2032) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.