Product Code: ETC194137 | Publication Date: May 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The vanadium pentoxide market in Thailand was valued at USD 13.2 million in 2025 and is expected to reach USD 15.3 million, growing at a CAGR of 2.10% over the forecast period. The country`s demand for vanadium products is mainly driven by strong economic growth and increasing infrastructure development activities. Additionally, various government initiatives such as the Eastern Economic Corridor project and the promotion of renewable energy sources are also contributing to the rising demand for vanadium pentoxide in Thailand.
The Thailand vanadium pentoxide market is influenced by its applications in metallurgy, catalysts, and energy storage systems. The increasing demand for vanadium pentoxide as a catalyst and its role in energy storage solutions contribute to market growth.
For the Thailand vanadium pentoxide market, challenges include the volatility of vanadium prices in the global market and addressing environmental concerns associated with vanadium extraction and processing.
The vanadium pentoxide market, used in metallurgy and batteries, was impacted by a slowdown in construction and energy storage projects. Resumed construction and renewable energy projects have influenced market dynamics.
For the Thailand vanadium pentoxide market, companies like Thai Central Chemical Public Co., Ltd., are involved in producing and supplying vanadium pentoxide used in catalysts, ceramics, and metallurgy.
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 Thailand Vanadium Pentoxide Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Vanadium Pentoxide Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Vanadium Pentoxide Market - Industry Life Cycle |
3.4 Thailand Vanadium Pentoxide Market - Porter's Five Forces |
3.5 Thailand Vanadium Pentoxide Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Vanadium Pentoxide Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Thailand Vanadium Pentoxide Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Thailand Vanadium Pentoxide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for vanadium pentoxide in energy storage solutions and renewable energy technologies. |
4.2.2 Growing adoption of vanadium pentoxide in the manufacturing of high-strength steels. |
4.2.3 Government initiatives promoting the use of vanadium pentoxide in infrastructure development projects. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of vanadium pentoxide. |
4.3.2 Environmental regulations impacting the mining and processing of vanadium pentoxide. |
4.3.3 Intense competition from alternative materials in certain applications. |
5 Thailand Vanadium Pentoxide Market Trends |
6 Thailand Vanadium Pentoxide Market, By Types |
6.1 Thailand Vanadium Pentoxide Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Vanadium Pentoxide Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Vanadium Pentoxide Market Revenues & Volume, By Dry Vanadium Pentoxide, 2021-2031F |
6.1.4 Thailand Vanadium Pentoxide Market Revenues & Volume, By Wet Vanadium Pentoxide, 2021-2031F |
6.1.5 Thailand Vanadium Pentoxide Market Revenues & Volume, By Others, 2021-2031F |
6.2 Thailand Vanadium Pentoxide Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Vanadium Pentoxide Market Revenues & Volume, By Sulfuric Acid Preparation, 2021-2031F |
6.2.3 Thailand Vanadium Pentoxide Market Revenues & Volume, By Vanadium Metal Alloys, 2021-2031F |
6.2.4 Thailand Vanadium Pentoxide Market Revenues & Volume, By Others, 2021-2031F |
6.3 Thailand Vanadium Pentoxide Market, By Vertical |
6.3.1 Overview and Analysis |
6.3.2 Thailand Vanadium Pentoxide Market Revenues & Volume, By Chemical & Petrochemical, 2021-2031F |
6.3.3 Thailand Vanadium Pentoxide Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.4 Thailand Vanadium Pentoxide Market Revenues & Volume, By Energy & Power, 2021-2031F |
6.3.5 Thailand Vanadium Pentoxide Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.6 Thailand Vanadium Pentoxide Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.7 Thailand Vanadium Pentoxide Market Revenues & Volume, By Steel, 2021-2031F |
6.3.8 Thailand Vanadium Pentoxide Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Thailand Vanadium Pentoxide Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Vanadium Pentoxide Market Import-Export Trade Statistics |
7.1 Thailand Vanadium Pentoxide Market Export to Major Countries |
7.2 Thailand Vanadium Pentoxide Market Imports from Major Countries |
8 Thailand Vanadium Pentoxide Market Key Performance Indicators |
8.1 Average selling price of vanadium pentoxide in the Thailand market. |
8.2 Utilization rate of vanadium pentoxide production capacity. |
8.3 Number of research and development projects focused on improving vanadium pentoxide properties. |
9 Thailand Vanadium Pentoxide Market - Opportunity Assessment |
9.1 Thailand Vanadium Pentoxide Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Vanadium Pentoxide Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Thailand Vanadium Pentoxide Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Thailand Vanadium Pentoxide Market - Competitive Landscape |
10.1 Thailand Vanadium Pentoxide Market Revenue Share, By Companies, 2024 |
10.2 Thailand Vanadium Pentoxide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |