India Ferro Vanadium Market Outlook | Value, Share, COVID-19 IMPACT, Growth, Forecast, Analysis, Size, Companies, Industry, Trends & Revenue

Market Forecast By Grade (FeV40, FeV50, FeV60, FeV80), By Production Process (Reduction by Silicon, Reduction by Aluminium), By Application (Concrete Reinforcing Bars, Structural Plates, Axles, Frames, Crankshafts, Titanium Alloys, Pipeline, Others), By End-users (Building & Construction, Aerospace & Defense, Marine, Chemical Industry, Oil & Gas, Industrial Equipment, Automotive, Others) And Competitive Landscape
Product Code: ETC109063 Publication Date: Aug 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Ferro Vanadium Market Shipment Analysis

India Ferro Vanadium Market registered a growth of 15.08% in value shipments in 2022 as compared to 2021 and an increase of 4.83% CAGR in 2022 over a period of 2017. In Ferro Vanadium Market India is becoming less competitive as HHI index in 2022 was 3042 while in 2017 it was 1847. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Ferro Vanadium Market.

India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Ferro Vanadium Market in 2022 was 7.02 while in 2017 it was 3.14. Rep. of Korea, Japan, United Arab Emirates, Germany and China were among the top players of the market in 2022, where Rep. of Korea acquired the largest market share of 47.56% with a shipment value of 13.16 million USD in 2022 Rep. of Korea also offered the product below the average market price thus having a competitive advantage over others In 2017 Rep. of Korea had the largest market share of 30.82% with the shipment value of 5.58 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Rep. of Korea offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Ferro Vanadium Market in 2017.

India Ferro Vanadium Market Synopsis

India is expected to be the largest Ferro Vanadium producer in the world and is on course to become one of the leading exporters as well. It currently accounts for nearly 40% of global production annually and also holds some of the highest quality reserves among major producers. The primary drivers behind this growth are its low cost resources, large domestic market size and supportive government policies encouraging investment into R&D for new applications while providing incentives for downstream processing & manufacturing units.

Market Drivers

The India Ferro Vanadium market Outlook is positive due to several factors. Firstly, the demand for ferro vanadium has been increasing in India owing to its use in steel production and other industrial applications such as hardening of aluminum, nickel alloys and titanium alloys. The automotive industry is also a major consumer of ferro vanadium in India. Secondly, the government’s push towards economic growth has resulted in increased infrastructure projects which require strong structural steels that need components like ferro vanadium to be used during manufacturing process. This will lead to further increase in demand for this metal from India market. Lastly, an increase in energy efficiency standards combined with greater shift towards electric vehicles resulting into more stringent emission norms have led to higher quality requirements of metals including ferro vanadium making it one of the most sought after commodity across various sectors ranging from aerospace and defense among others

Challenges of the Market

Indiaferro vanadium industry faces a number of issues related to pricing volatility, environmental regulations, access to raw materials and technology constraints due an absence of local players with advanced expertise or capabilities. Furthermore, there is a need for greater transparency in terms of product quality control standards which would ensure better long term performance & reliability from end products made using India produced Ferro Vanadium inputs.

Key Players in the Market

Key players operating in IndiaFerro Vanadium Market Include: Tata Steel Limited; Jindal Steel & Power Ltd.; Usha Martin Limited; NALCO ; JSW Steel Ltd.; Kalyani Steels Ltd ; Vikas Group ; BEML Limited; Adhunik Metaliks Ltd etc

Key Highlights of the Report:

  • India Ferro Vanadium Market Outlook
  • Market Size of India Ferro Vanadium Market, 2020
  • Forecast of India Ferro Vanadium Market, 2027
  • Historical Data and Forecast of India Ferro Vanadium Revenues & Volume for the Period 2018 - 2027
  • India Ferro Vanadium Market Trend Evolution
  • India Ferro Vanadium Market Drivers and Challenges
  • India Ferro Vanadium Price Trends
  • India Ferro Vanadium Porter's Five Forces
  • India Ferro Vanadium Industry Life Cycle
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Grade for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By FeV40 for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By FeV50 for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By FeV60 for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By FeV80 for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Production Process for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Reduction by Silicon for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Reduction by Aluminium for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Application for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Concrete Reinforcing Bars for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Structural Plates for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Axles for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Frames for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Crankshafts for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Titanium Alloys for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Pipeline for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Others for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By End-users for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Building & Construction for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Aerospace & Defense for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Marine for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Chemical Industry for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Oil & Gas for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Industrial Equipment for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Automotive for the Period 2018 - 2027
  • Historical Data and Forecast of India Ferro Vanadium Market Revenues & Volume By Others for the Period 2018 - 2027
  • India Ferro Vanadium Import Export Trade Statistics
  • Market Opportunity Assessment By Grade
  • Market Opportunity Assessment By Production Process
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By End-users
  • India Ferro Vanadium Top Companies Market Share
  • India Ferro Vanadium Competitive Benchmarking By Technical and Operational Parameters
  • India Ferro Vanadium Company Profiles
  • India Ferro Vanadium Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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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 India Ferro Vanadium Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Ferro Vanadium Market Revenues & Volume, 2020 & 2027F

3.3 India Ferro Vanadium Market - Industry Life Cycle

3.4 India Ferro Vanadium Market - Porter's Five Forces

3.5 India Ferro Vanadium Market Revenues & Volume Share, By Grade, 2020 & 2027F

3.6 India Ferro Vanadium Market Revenues & Volume Share, By Production Process, 2020 & 2027F

3.7 India Ferro Vanadium Market Revenues & Volume Share, By Application, 2020 & 2027F

3.8 India Ferro Vanadium Market Revenues & Volume Share, By End-users, 2020 & 2027F

4 India Ferro Vanadium Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Ferro Vanadium Market Trends

6 India Ferro Vanadium Market, By Types

6.1 India Ferro Vanadium Market, By Grade

6.1.1 Overview and Analysis

6.1.2 India Ferro Vanadium Market Revenues & Volume, By Grade, 2018 - 2027F

6.1.3 India Ferro Vanadium Market Revenues & Volume, By FeV40, 2018 - 2027F

6.1.4 India Ferro Vanadium Market Revenues & Volume, By FeV50, 2018 - 2027F

6.1.5 India Ferro Vanadium Market Revenues & Volume, By FeV60, 2018 - 2027F

6.1.6 India Ferro Vanadium Market Revenues & Volume, By FeV80, 2018 - 2027F

6.2 India Ferro Vanadium Market, By Production Process

6.2.1 Overview and Analysis

6.2.2 India Ferro Vanadium Market Revenues & Volume, By Reduction by Silicon, 2018 - 2027F

6.2.3 India Ferro Vanadium Market Revenues & Volume, By Reduction by Aluminium, 2018 - 2027F

6.3 India Ferro Vanadium Market, By Application

6.3.1 Overview and Analysis

6.3.2 India Ferro Vanadium Market Revenues & Volume, By Concrete Reinforcing Bars, 2018 - 2027F

6.3.3 India Ferro Vanadium Market Revenues & Volume, By Structural Plates, 2018 - 2027F

6.3.4 India Ferro Vanadium Market Revenues & Volume, By Axles, 2018 - 2027F

6.3.5 India Ferro Vanadium Market Revenues & Volume, By Frames, 2018 - 2027F

6.3.6 India Ferro Vanadium Market Revenues & Volume, By Crankshafts, 2018 - 2027F

6.3.7 India Ferro Vanadium Market Revenues & Volume, By Titanium Alloys, 2018 - 2027F

6.3.8 India Ferro Vanadium Market Revenues & Volume, By Others, 2018 - 2027F

6.3.9 India Ferro Vanadium Market Revenues & Volume, By Others, 2018 - 2027F

6.4 India Ferro Vanadium Market, By End-users

6.4.1 Overview and Analysis

6.4.2 India Ferro Vanadium Market Revenues & Volume, By Building & Construction, 2018 - 2027F

6.4.3 India Ferro Vanadium Market Revenues & Volume, By Aerospace & Defense, 2018 - 2027F

6.4.4 India Ferro Vanadium Market Revenues & Volume, By Marine, 2018 - 2027F

6.4.5 India Ferro Vanadium Market Revenues & Volume, By Chemical Industry, 2018 - 2027F

6.4.6 India Ferro Vanadium Market Revenues & Volume, By Oil & Gas, 2018 - 2027F

6.4.7 India Ferro Vanadium Market Revenues & Volume, By Industrial Equipment, 2018 - 2027F

6.4.8 India Ferro Vanadium Market Revenues & Volume, By Others, 2018 - 2027F

6.4.9 India Ferro Vanadium Market Revenues & Volume, By Others, 2018 - 2027F

7 India Ferro Vanadium Market Import-Export Trade Statistics

7.1 India Ferro Vanadium Market Export to Major Countries

7.2 India Ferro Vanadium Market Imports from Major Countries

8 India Ferro Vanadium Market Key Performance Indicators

9 India Ferro Vanadium Market - Opportunity Assessment

9.1 India Ferro Vanadium Market Opportunity Assessment, By Grade, 2020 & 2027F

9.2 India Ferro Vanadium Market Opportunity Assessment, By Production Process, 2020 & 2027F

9.3 India Ferro Vanadium Market Opportunity Assessment, By Application, 2020 & 2027F

9.4 India Ferro Vanadium Market Opportunity Assessment, By End-users, 2020 & 2027F

10 India Ferro Vanadium Market - Competitive Landscape

10.1 India Ferro Vanadium Market Revenue Share, By Companies, 2020

10.2 India Ferro Vanadium Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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