Ammonium Metavanadate Market Forecast 2020-2025, Latest Trends and Opportunities
Category: #reports  By Rahul Sankrityayan  Date: 2020-06-17
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Ammonium Metavanadate Market Forecast 2020-2025, Latest Trends and Opportunities

The product finds widespread usage as a raw material for producing ceramic glazes and colorants. Substantial economic growth, favorable government policies to boost infrastructure sector and significant investment in telecommunication facilities should drive product adoption in ceramic industry.

Global powder form market should surpass USD 65 million by 2025 pertaining to growing demand for catalysts to reduce production costs & environmental emissions in electrical & electronics and automotive sectors. Ammonium metavanadate finds widespread usage as a catalyst owing to its ability to improve yield, cost effectiveness and ability to conduct chemical reactions at room temperature. Significant expansion of chemical industry owing to growing demand for plastics and rubber should further stimulate the demand for catalysts and boost market growth.

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Global ammonium metavanadate market demand from paints, inks & dyes should register over 6% gains by 2025 on account of rising demand for textile products pertaining to changing consumer preferences and rising disposable income. The product plays a vital role as a drying agent in the production of dyes and pigments which enhances their drying rate. Growing adoption of digital printing technology should drive the requirement for dyes & printing inks and trigger market growth.

Growth drivers are

  1. North America: Increasing adoption of rechargeable sodium-ion batteries pertaining to rising preference for energy efficiency
  2. Europe: Booming glass industry
  3. Asia Pacific
  • Growing demand for vanadium pentoxide from steel industry
  • Increasing ceramics adoption in construction sector

Top Companies:

  1. American Elements
  2. Merck KGaA
  3. Thermo Fisher Scientific
  4. Santa Cruz Biotechnology
  5. Yogi Dye Chem Industries
  6. ACS Chemicals
  7. Avanschem
  8. Motiv Metals
  9. GfE Gesellschaft für Elektrometallurgie
  10. Sisco Research Laboratories and Strem Chemicals.

Europe ammonium vanadate market led by UK, France and Germany should surpass USD 24.5 million owing to growing demand for glass as a packaging material from the regional beverage sector. The product improves the functionality of glass by imparting UV & infrared resistance and yellow coloration. Growing consumer awareness regarding the sustainable nature of packaging glass and growing adoption of solar products to promote energy efficiency should further promote market growth.

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/ammonium-metavanadate-market

Report Highlights

– A detailed pricing analysis on the source of the product, application, and regional segments

– An in-depth evaluation of the vendor matrix as well as leading companies that would help understand the competition scenario in the global market

– Insights about the regulatory as well as investment scenarios of the global market

– An analysis of the factors fuelling the market growth as well as their influence on the projection and dynamics of the global market

– A detailed roadmap presenting the growth opportunities in the global market alongside the identification of key factors

– An exhaustive evaluation of the numerous trends prevailing in the global market that would help identify market developments

Merck, American Elements, Strem Chemicals, ACS Chemicals, Thermo Fisher Scientific and Motiv Metals are among the major industry participants. The industry participants are engaged in strategic acquisitions to expand their product portfolio and achieve market growth.

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About Author

Rahul Sankrityayan

Email: [email protected]   

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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