The ferrovanadium industry is poised for substantial growth, with a projected year-on-year increase of 5.1% in 2022, culminating in a value of approximately US$ 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. As the …
Tag Archives: Ferrovanadium Market
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 …