As the global steel appetite continues to expand, Future Market Insights (FMI) anticipates a promising trajectory, forecasting a robust CAGR of 5.1%, propelling global ferrovanadium sales to reach an impressive valuation of USD 5,776.5 million by 2028. The ferrovanadium industry is poised for substantial growth, with a projected year-on-year increase of 5.1% in 2022, culminating …
Tag Archives: Ferrovanadium
Surging Steel Demand Drives Ferrovanadium Consumption in Automotive and Construction Industries
As the global steel appetite continues to expand, Future Market Insights (FMI) anticipates a promising trajectory, forecasting a robust CAGR of 5.1%, propelling global ferrovanadium sales to reach an impressive valuation of USD 5,776.5 million by 2028. The ferrovanadium industry is poised for substantial growth, with a projected year-on-year increase of 5.1% in 2022, culminating in …
Ferrovanadium Market to Reach USD 5,776.5 million by 2028 Driven by Steel Demand in Construction & Automotive Sectors
The ferrovanadium industry size is poised for substantial growth, with a projected year-on-year increase of 5.1% in 2022, culminating in a value of approximately USD 4,277.3 million by the year’s end. This surge is attributed to the escalating demand for steel in the construction and automotive sectors, driving an upswing in Ferrovanadium consumption for steel production. …
Ferrovanadium Market sales to reach a valuation of US$ 5,776.5 Mn in 2028 at a CAGR of 5.1%
According to a new market report published by Future Market Insights, the global Ferrovanadium market is estimated to a reach value of US$ 3,547.6 Mn by 2022 end and is expected to expand at a CAGR of 5.0% from 2022 to 2028 and reach a market value of US$ 5,776.5 Mn by 2028. Ferrovanadium is an alloy used to …