Product Code: ETC109079 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Arab Emirates (UAE) Ferro Vanadium market currently, in 2023, has witnessed an HHI of 4453, Which has decreased substantially as compared to the HHI of 9036 in 2017. The market is moving towards concentrated. 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 fewer numbers of players or countries exporting in the market.
The United Arab Emirates (UAE) ferro vanadium market has experienced steady growth, driven by the country`s expanding industrial and construction sectors, the increasing demand for high-strength steel and alloy products, and the UAE efforts to enhance its position in the global metallurgical market. Ferro vanadium is an alloy of iron and vanadium, commonly used as a strengthening agent in the production of steel and other alloys. The market`s expansion can be attributed to the UAE focus on infrastructure development and its commitment to meeting the rising demand for specialized steel products.
Several factors act as drivers for the UAE ferro vanadium market. Firstly, the UAE ambitious infrastructure projects and construction activities have led to an increased demand for high-strength steel, where ferro vanadium plays a crucial role. Secondly, the growing demand for vanadium-containing alloys in aerospace, automotive, and energy industries has further fueled the need for ferro vanadium.
Despite its positive growth prospects, the UAE ferro vanadium market faces certain challenges. One of the main challenges is the fluctuating global prices of vanadium and its raw materials, which can impact the cost of production and the competitiveness of products in the market. Additionally, as vanadium is considered a critical metal, ensuring a stable supply of high-quality raw materials is crucial for the UAE ferro vanadium industry.
The Covid-19 pandemic had an impact on the UAE ferro vanadium market, influenced by changes in industrial activities and supply chain disruptions. With the pandemic leading to temporary closures of manufacturing facilities and reduced demand for certain alloy products, there was a slowdown in the demand for ferro vanadium during certain periods. However, as economic activities resumed and industries adapted to new safety measures, the market for ferro vanadium in the UAE started to recover.
Key players in this market include renowned companies such as Emirates Steel, Gulf Metal Trading, and Dubai Metals and Alloys, among others. These key players are instrumental in producing and supplying high-quality ferro vanadium to meet the growing demands from steel manufacturers and construction projects in the UAE.
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 United Arab Emirates (UAE) Ferro Vanadium Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Ferro Vanadium Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Ferro Vanadium Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume Share, By Production Process, 2021 & 2031F |
3.7 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 United Arab Emirates (UAE) Ferro Vanadium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Ferro Vanadium Market Trends |
6 United Arab Emirates (UAE) Ferro Vanadium Market, By Types |
6.1 United Arab Emirates (UAE) Ferro Vanadium Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Grade, 2021-2031F |
6.1.3 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By FeV40, 2021-2031F |
6.1.4 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By FeV50, 2021-2031F |
6.1.5 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By FeV60, 2021-2031F |
6.1.6 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By FeV80, 2021-2031F |
6.2 United Arab Emirates (UAE) Ferro Vanadium Market, By Production Process |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Reduction by Silicon, 2021-2031F |
6.2.3 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Reduction by Aluminium, 2021-2031F |
6.3 United Arab Emirates (UAE) Ferro Vanadium Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Concrete Reinforcing Bars, 2021-2031F |
6.3.3 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Structural Plates, 2021-2031F |
6.3.4 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Axles, 2021-2031F |
6.3.5 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Frames, 2021-2031F |
6.3.6 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Crankshafts, 2021-2031F |
6.3.7 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Titanium Alloys, 2021-2031F |
6.3.8 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Others, 2021-2031F |
6.4 United Arab Emirates (UAE) Ferro Vanadium Market, By End-users |
6.4.1 Overview and Analysis |
6.4.2 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.4.3 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.4.4 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Marine, 2021-2031F |
6.4.5 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Chemical Industry, 2021-2031F |
6.4.6 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.4.7 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Industrial Equipment, 2021-2031F |
6.4.8 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Others, 2021-2031F |
6.4.9 United Arab Emirates (UAE) Ferro Vanadium Market Revenues & Volume, By Others, 2021-2031F |
7 United Arab Emirates (UAE) Ferro Vanadium Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Ferro Vanadium Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Ferro Vanadium Market Imports from Major Countries |
8 United Arab Emirates (UAE) Ferro Vanadium Market Key Performance Indicators |
9 United Arab Emirates (UAE) Ferro Vanadium Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Ferro Vanadium Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 United Arab Emirates (UAE) Ferro Vanadium Market Opportunity Assessment, By Production Process, 2021 & 2031F |
9.3 United Arab Emirates (UAE) Ferro Vanadium Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 United Arab Emirates (UAE) Ferro Vanadium Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 United Arab Emirates (UAE) Ferro Vanadium Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Ferro Vanadium Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Ferro Vanadium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |