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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
A steel alloy called vanadium steel contains trace levels of the metal vanadium. Vanadium steel, a form of steel alloy used in structural steel, is more lightweight, durable, and robust than other types of steel alloys. In addition to being used to make heavy industrial tools and pipes, vanadium steel is also used to construct buildings and bridges.
The periodic table includes the element vanadium. It is a transition metal that is discovered in nature either alone or in deposits of fossil fuels.
A calcium reduction technique can also be used to produce the metal on a commercial scale. It is a malleable metal that is dazzling white and has an excellent inherent strength. It is mostly used in alloys.
The Global Vanadium Steel Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Vanadium plays an important role as a vital energy transition steel by enabling sustainable economic and social development to continue while also aiding in lowering the carbon footprint of the built environment. Vanadium additions to steel at extremely low levels boost the yield strength of steel.
Due to the micro-alloyed steel's strength and toughness, significantly less micro-alloyed steel is needed during construction to attain the same structural performance as carbon manganese steel.
As a result, less steel is required for infrastructure construction, resulting in a low raw material and energy usage. As a result, the steel sector as well as the building industry become more sustainable and their carbon footprints are decreased.
Approximately 90% of the world's vanadium production is used in the steel sector, which has used vanadium micro-alloying as the principal strengthening method for steel for many years.
Following China's successful implementation of new steel reinforcing bar standards, vanadium utilization in the steel sector has acquired more impetus, leading to additional rises in vanadium consumption.
Steel undergoes significant gains in yield strength of between 30 to 100% as well as in ductility and seismic performance when it is subjected to micro-alloying with a relatively tiny amount of vanadium (usually 0.05% vanadium addition, or 0.5 kilograms vanadium per metric tone of steel).
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introdauction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in theIndustry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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