Product Code: ETC4739584 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Angola Ferro Vanadium Market is likely to experience consistent growth rate gains over the period 2025 to 2029. Commencing at 5.01% in 2025, growth builds up to 12.25% by 2029.
By 2027, the Ferro Vanadium market in Angola is anticipated to reach a growth rate of 10.51%, as part of an increasingly competitive Africa region, where Egypt remains at the forefront, supported by South Africa, Algeria, Morocco and Kenya, driving innovations and market adoption across sectors.
The ferro vanadium market in Angola is expanding, supported by its application in the steel industry to produce high-strength and wear-resistant steels. Ferro vanadium is crucial for enhancing the properties of steel used in construction, automotive, and aerospace industries. The market growth is driven by the increasing demand for high-performance materials and the expansion of the manufacturing sector.
The drivers of the Angola Ferro Vanadium Market include the increasing demand for high-strength and wear-resistant steel in various industries, including construction, automotive, and aerospace. The growth in infrastructure projects and the need for advanced materials also stimulate market demand. Furthermore, advancements in production technology, leading to improved quality and performance of ferro vanadium, boost market growth.
The Angola ferro vanadium market faces significant challenges related to the high cost and limited availability of vanadium ore. The market also contends with global price fluctuations and competition from other ferroalloy-producing countries. Additionally, the lack of local production facilities and technological expertise further exacerbates these issues, leading to increased dependency on imports.
Angola`s government supports the ferro vanadium market through policies designed to enhance the mining and metallurgical industries. These policies include tax incentives for mining companies and reduced import duties on mining equipment. The government also encourages partnerships with international firms to improve technological capabilities and efficiency in vanadium extraction and processing. Additionally, environmental regulations ensure that mining operations adhere to sustainable practices, minimizing the ecological impact and promoting responsible resource management.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Angola Ferro Vanadium Market Overview |
3.1 Angola Country Macro Economic Indicators |
3.2 Angola Ferro Vanadium Market Revenues & Volume, 2021 & 2031F |
3.3 Angola Ferro Vanadium Market - Industry Life Cycle |
3.4 Angola Ferro Vanadium Market - Porter's Five Forces |
3.5 Angola Ferro Vanadium Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Angola Ferro Vanadium Market Revenues & Volume Share, By Production Process, 2021 & 2031F |
3.7 Angola Ferro Vanadium Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Angola Ferro Vanadium Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Angola Ferro Vanadium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Angola Ferro Vanadium Market Trends |
6 Angola Ferro Vanadium Market Segmentations |
6.1 Angola Ferro Vanadium Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Angola Ferro Vanadium Market Revenues & Volume, By FeV40, 2021-2031F |
6.1.3 Angola Ferro Vanadium Market Revenues & Volume, By FeV50, 2021-2031F |
6.1.4 Angola Ferro Vanadium Market Revenues & Volume, By FeV60, 2021-2031F |
6.1.5 Angola Ferro Vanadium Market Revenues & Volume, By FeV80, 2021-2031F |
6.2 Angola Ferro Vanadium Market, By Production Process |
6.2.1 Overview and Analysis |
6.2.2 Angola Ferro Vanadium Market Revenues & Volume, By Reduction by Silicon, 2021-2031F |
6.2.3 Angola Ferro Vanadium Market Revenues & Volume, By Reduction by Aluminum, 2021-2031F |
6.3 Angola Ferro Vanadium Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Angola Ferro Vanadium Market Revenues & Volume, By Concrete Reinforcing Bars, 2021-2031F |
6.3.3 Angola Ferro Vanadium Market Revenues & Volume, By Structural Plates, 2021-2031F |
6.3.4 Angola Ferro Vanadium Market Revenues & Volume, By Axles, 2021-2031F |
6.3.5 Angola Ferro Vanadium Market Revenues & Volume, By Frames, 2021-2031F |
6.3.6 Angola Ferro Vanadium Market Revenues & Volume, By Crankshafts, 2021-2031F |
6.3.7 Angola Ferro Vanadium Market Revenues & Volume, By Titanium Alloys, 2021-2031F |
6.3.8 Angola Ferro Vanadium Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Angola Ferro Vanadium Market Revenues & Volume, By Others, 2021-2031F |
6.4 Angola Ferro Vanadium Market, By End-users |
6.4.1 Overview and Analysis |
6.4.2 Angola Ferro Vanadium Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.4.3 Angola Ferro Vanadium Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.4.4 Angola Ferro Vanadium Market Revenues & Volume, By Marine, 2021-2031F |
6.4.5 Angola Ferro Vanadium Market Revenues & Volume, By Chemical Industry, 2021-2031F |
6.4.6 Angola Ferro Vanadium Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.4.7 Angola Ferro Vanadium Market Revenues & Volume, By Industrial Equipment, 2021-2031F |
6.4.8 Angola Ferro Vanadium Market Revenues & Volume, By Others, 2021-2031F |
6.4.9 Angola Ferro Vanadium Market Revenues & Volume, By Others, 2021-2031F |
7 Angola Ferro Vanadium Market Import-Export Trade Statistics |
7.1 Angola Ferro Vanadium Market Export to Major Countries |
7.2 Angola Ferro Vanadium Market Imports from Major Countries |
8 Angola Ferro Vanadium Market Key Performance Indicators |
9 Angola Ferro Vanadium Market - Opportunity Assessment |
9.1 Angola Ferro Vanadium Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Angola Ferro Vanadium Market Opportunity Assessment, By Production Process, 2021 & 2031F |
9.3 Angola Ferro Vanadium Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Angola Ferro Vanadium Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Angola Ferro Vanadium Market - Competitive Landscape |
10.1 Angola Ferro Vanadium Market Revenue Share, By Companies, 2024 |
10.2 Angola Ferro Vanadium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |