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1865532

全球氧化釩市場：預測（至2032年）－按類型、形狀、應用和地區分類的分析

Vanadium Oxide Market Forecasts to 2032 - Global Analysis By Type (Vanadium Pentoxide (V2O5), Vanadium Trioxide (V2O3), and Other Vanadium Oxides), Form, Application and By Geography
出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3個工作天內

價格

根據 Stratistics MRC 的數據，預計 2025 年全球氧化釩市場規模將達到 1.4668 億美元，到 2032 年將達到 3.3246 億美元，預測期內複合年成長率為 12.4%。

釩氧化物是釩和氧以不同氧化態組成的無機化合物的總稱，尤其指釩(II)、(III)、(IV)和(V)的氧化物。五氧化二釩(V₂O₅)是最常見且最穩定的釩氧化物，廣泛用作硫酸生產等化學過程的催化劑。其催化性能和導電性也使其適用於陶瓷、電池和先進電子材料等領域。

根據美國地質調查局（USGS）估計，2020 年全球釩產量約為 85,000 噸，顯示在技術進步和日益增強的環保意識的推動下，需求穩步成長。

基礎設施建設和都市化

隨著城市擴張，對可靠儲能和發電的需求日益成長，推動了釩液流電池（VRFB）的應用，而釩氧化物是VRFB的關鍵組件。各國政府和私人投資者正致力於將可再生能源併入城市電網，進一步促進了市場成長。釩氧化物作為計劃中鋼材的增強材料，也促進了其在基礎設施應用領域的需求成長。亞洲和非洲的新興經濟體正在大規模投資能源和交通基礎設施，創造了巨大的市場機會。能源和建築業的雙重需求預計將鞏固釩氧化物作為關鍵工業材料的地位。

來自替代電池技術的競爭

由於初始成本低、供應鏈成熟且能量密度高，替代技術正獲得顯著的市場認可。固態電池和混合電池的研發也分散了對釩液流電池的投資。釩基電池初始成本高且大規模部署有限，進一步限制了其競爭力。製造商在提高消費者認知度和市場認可度方面面臨挑戰，消費者更傾向於鋰基解決方案。因此，技術和成本壁壘仍限制著釩氧化物在儲能領域的廣泛應用。

日益關注中國以外的初級生產

在澳洲、南非和加拿大等地區，政府和礦業公司正在投資發展獨立的釩生產能力。此舉旨在降低全球對中國出口的依賴，並穩定市場價格波動。此外，西方國家也在推動國內採購，以確保可再生能源儲存系統所需的戰略材料供應。在中國以外地區發展釩初級生產可望改善全球供應，提升競爭力。這些措施有望吸引新的投資，並促進精煉和提取技術的創新。

對液流電池缺乏了解以及生產規模方面的問題

儘管液流電池（VRFB）具有優異的生命週期和安全性優勢，但由於市場教育和基礎設施不足，其應用仍未充分利用。許多能源開發商仍然傾向於選擇經過更廣泛商業性檢驗的成熟技術，這減緩了液流電池的普及。缺乏標準化的生產流程和大規模製造設施也進一步導致成本效益低落。如果不增加行銷和產能擴張的投入，這項技術將面臨被其他競爭系統超越的風險。技術可行性與實際應用之間的差距是限制市場成長的主要因素。

新冠疫情的影響：

新冠肺炎疫情導致一系列封鎖、礦業放緩和貿易限制，暫時擾亂了氧化釩的供應鏈。 2020年初，建築、儲能和鋼鐵製造等關鍵產業的需求下滑。然而，隨著經濟重啟，在可再生能源和電網韌性投資激增的推動下，市場動能得以恢復。疫情凸顯了永續能源解決方案的重要性，並加速了長時儲能系統的部署。此後，許多生產商實施了數位化監控和自動化系統，以提高營運的連續性。

預計在預測期內，粉狀產品將佔據最大的市場佔有率。

由於釩氧化物粉末在儲能和冶金行業的廣泛應用，預計在預測期內，粉末狀釩氧化物將佔據最大的市場佔有率。釩氧化物粉末廣泛應用於催化劑、陶瓷和塗料領域，具有用途廣泛且易於整合到製造流程的優點。其高比表面積和高反應活性使其成為釩液流電池（VRFB）高效電極製造的理想選擇。鋼鐵和合金製造商日益成長的需求也推動了該細分市場的主導地位。粉狀配方能夠精確控制化學成分，進而提高產品品質和性能。

預計在預測期內，儲能領域將實現最高的複合年成長率。

由於全球對可再生能源併網投資的不斷增加，預計在預測期內，儲能領域將實現最高成長率。釩氧化物在釩液流電池（VRFB）中發揮關鍵作用，而釩液流電池在需要長時儲能的電網級應用中正變得越來越重要。隨著世界各國政府大力推動清潔能源轉型，對永續和安全儲能材料的需求也不斷成長。釩液流電池的擴充性和可回收性使其在大規模太陽能和風力發電計劃中極具吸引力。不斷增加的研發投入和試點計畫正在推動其性能效率的提升和成本的降低。

佔比最大的地區：

由於亞太地區擁有強大的工業基礎和不斷擴張的可再生能源產業，預計該地區在預測期內將保持最大的市場佔有率。中國仍是全球最大的氧化釩生產國和消費國，這主要得益於鋼鐵和儲能應用領域的強勁需求。日本、韓國和印度等國也正在加大對先進電池技術的投資。快速的都市化和基礎設施建設進一步推動了該地區的需求。此外，各國政府所推行的清潔能源和能源安全政策也促進了該材料的應用。

預計年複合成長率最高的地區：

由於可再生能源的日益普及和供應鏈多元化努力，預計北美地區在預測期內將實現最高的複合年成長率。美國和加拿大正大力投資國內釩礦開採和提煉計劃，以降低對進口的依賴。釩液流電池在電網現代化和儲能計劃中的日益普及也推動了市場需求。支持乾淨科技和材料韌性的政策進一步增強了市場前景。此外，研究機構與私人公司之間的合作正在加速技術創新。

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目錄

第1章執行摘要

第2章 引言

  • 概述
  • 相關利益者
  • 分析範圍
  • 分析方法
    • 資料探勘
    • 數據分析
    • 數據檢驗
    • 分析方法
  • 分析材料
    • 原始研究資料
    • 二手研究資訊來源
    • 先決條件

第3章 市場趨勢分析

  • 介紹
  • 促進要素
  • 抑制因素
  • 市場機遇
  • 威脅
  • 應用分析
  • 新興市場
  • 新冠疫情的感染疾病

第4章 波特五力分析

  • 供應商的議價能力
  • 買方議價能力
  • 替代產品的威脅
  • 新參與企業的威脅
  • 公司間的競爭

5. 全球氧化釩市場（按類型分類）

  • 介紹
  • 五氧化二釩（V2O5）
  • 三氧化釩（V2O3）
  • 其他釩氧化物

6. 全球氧化釩市場（依形態分類）

  • 介紹
  • 粉末
  • 顆粒
  • 分散液

7. 全球氧化釩市場依應用領域分類

  • 介紹
  • 鋼鐵冶金
    • 合金添加物
    • 釩鐵生產
  • 化工
    • 催化劑
    • 顏料
  • 儲能
    • 釩液流電池（VRFB）
    • 鋰離子電池正極
  • 玻璃和陶瓷
    • 著色劑
    • 紫外線吸收劑
  • 其他用途

8. 全球氧化釩市場（依地區分類）

  • 介紹
  • 北美洲
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 德國
    • 英國
    • 義大利
    • 法國
    • 西班牙
    • 其他歐洲
  • 亞太地區
    • 日本
    • 中國
    • 印度
    • 澳洲
    • 紐西蘭
    • 韓國
    • 其他亞太地區
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地區
  • 中東和非洲
    • 沙烏地阿拉伯
    • 阿拉伯聯合大公國
    • 卡達
    • 南非
    • 其他中東和非洲地區

第9章：主要趨勢

  • 合約、商業夥伴關係和合資企業
  • 企業合併（M&A）
  • 新產品發布
  • 業務拓展
  • 其他關鍵策略

第10章：公司簡介

  • Merck KGaA
  • Vanchem Vanadium Products
  • Bushveld Minerals
  • Idemitsu Kosan
  • HBIS Group
  • Vecco Group
  • AMG Titanium
  • GfE
  • China Ansteel Group Corporation Limited
  • Pangang Group Vanadium Titanium & Resources
  • Largo Inc.
  • AMG Advanced Metallurgical Group
  • Vametco
  • Australian Vanadium Limited
  • US Vanadium LLC
Product Code: SMRC32058

According to Stratistics MRC, the Global Vanadium Oxide Market is accounted for $146.68 million in 2025 and is expected to reach $332.46 million by 2032 growing at a CAGR of 12.4% during the forecast period. Vanadium oxide refers to a group of inorganic compounds containing vanadium and oxygen in various oxidation states, notably vanadium (II), (III), (IV), and (V). The most prevalent and stable type, vanadium pentoxide (V2O5), is extensively utilized as a catalyst in chemical processes such as sulfuric acid production. It also finds applications in ceramics, batteries, and advanced electronic materials due to its catalytic and conductive properties.

According to the U.S. Geological Survey, global vanadium production was estimated at around 85,000 metric tons in 2020, showcasing a steady increase in demand driven by advancements in technology and growing environmental awareness.

Market Dynamics:

Driver:

Infrastructure development and urbanization

As cities expand, the need for reliable energy storage and power generation grows, driving the adoption of vanadium redox flow batteries (VRFBs) that use vanadium oxide as a key component. Governments and private investors are focusing on renewable energy integration into urban grids, further supporting market growth. The material's role in strengthening steel for construction projects also contributes to its rising demand in infrastructure applications. Emerging economies in Asia and Africa are investing heavily in energy and transport infrastructure, creating substantial market opportunities. This dual demand from the energy and construction sectors is expected to solidify vanadium oxide's position as a critical industrial material.

Restraint:

Competition from alternative battery technologies

Technologies have gained significant market traction owing to their lower initial costs, established supply chains, and higher energy densities. Research and development in solid-state and hybrid batteries are also diverting investment focus away from VRFBs. The high upfront cost of vanadium-based batteries and limited large-scale deployment further restrict their competitiveness. Manufacturers struggle with consumer awareness and market perception that favors lithium-based solutions. As a result, technological and cost barriers continue to limit the broader adoption of vanadium oxide in the energy storage landscape.

Opportunity:

Increased focus on non-chinese primary production

Governments and mining companies across regions such as Australia, South Africa, and Canada are investing in developing independent vanadium production capacities. This shift aims to reduce global dependence on Chinese exports and stabilize price volatility in the market. Additionally, Western countries are encouraging domestic sourcing to secure strategic materials for renewable energy storage systems. The development of non-Chinese primary production is expected to boost global availability and competitiveness. These initiatives are likely to attract new investments and foster innovation in refining and extraction technologies.

Threat:

Lack of awareness and manufacturing scale for VRFBs

Despite their superior lifecycle and safety advantages, VRFBs remain underutilized due to insufficient market education and infrastructure. Many energy developers still prefer established technologies with broader commercial validation, slowing adoption. The lack of standardized production processes and large-scale manufacturing facilities further adds to cost inefficiencies. Without significant investment in marketing and capacity expansion, the technology risks being overshadowed by competing systems. This gap between technological potential and practical deployment poses a major constraint on market growth.

Covid-19 Impact:

The COVID-19 pandemic temporarily disrupted the vanadium oxide supply chain due to lockdowns, mining slowdowns, and trade restrictions. Demand from key sectors such as construction, energy storage, and steel manufacturing declined during early 2020. However, as economies reopened investments in renewable energy and grid resilience surged, reviving market momentum. The pandemic underscored the importance of sustainable energy solutions and accelerated the adoption of long-duration storage systems. Many producers have since implemented digital monitoring and automated systems to improve operational continuity.

The powder segment is expected to be the largest during the forecast period

The powder segment is expected to account for the largest market share during the forecast period, due to its wide application across energy storage and metallurgical industries. Vanadium oxide powder is extensively used in catalysts, ceramics, and coatings, providing versatility and ease of integration into manufacturing processes. Its high surface area and reactivity make it suitable for efficient electrode production in VRFBs. The growing demand from steel and alloy manufacturers also drives the segment's dominance. Powder-based forms enable precise control over chemical composition, improving product quality and performance.

The energy storage segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the energy storage segment is predicted to witness the highest growth rate, due to rising global investments in renewable integration. Vanadium oxide plays a critical role in VRFBs, which are gaining prominence for grid-scale applications requiring long-duration storage. Governments worldwide are emphasizing clean energy transition, spurring demand for sustainable and safe storage materials. The scalability and recyclability of VRFBs make them attractive for large-scale solar and wind energy projects. Increased R&D efforts and pilot installations are improving performance efficiency and reducing costs.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, due to its robust industrial base and expanding renewable energy sector. China remains the world's leading producer and consumer of vanadium oxide, supported by strong demand from steel and energy storage applications. Countries such as Japan, South Korea, and India are also ramping up investment in advanced battery technologies. Rapid urbanization and infrastructure expansion further amplify regional demand. Additionally, government policies promoting clean energy and energy security support the material's adoption.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to growing renewable energy deployment and supply chain diversification efforts. The United States and Canada are investing heavily in domestic vanadium mining and refining projects to reduce import dependence. Increasing adoption of VRFBs for grid modernization and energy storage projects is also driving demand. Supportive policies promoting clean technology and material resilience further enhance market prospects. Additionally, collaboration between research institutes and private companies is accelerating technological innovation.

Key players in the market

Some of the key players in Vanadium Oxide Market include Merck KGaA, Vanchem Vanadium Products, Bushveld Minerals, Idemitsu Kosan, HBIS Group, Vecco Group, AMG Titanium, GfE, China Ansteel Group Corporation Limited, Pangang Group Vanadium Titanium & Resources, Largo Inc., AMG Advanced Metallurgical Group, Vametco, Australian Vanadium Limited, and U.S. Vanadium LLC.

Key Developments:

In October 2025, Merck announced that EMD Serono, the healthcare business of Merck in the U.S. and Canada, and U.S.-President Donald J. Trump's administration entered into an agreement to expand access to EMD Serono's portfolio of in vitro fertilization (IVF) therapies for the more than 10 million American women struggling to have a baby.

In September 2025, HBIS and AHQ Group signed a MOU on a water pipeline project in Riyadh, Saudi Arabia. HBIS Chairman Liu Jian and AHQ Chairman Tariq Abdulhadi Abdullah Al-Qahtani signed the MOU and discussed topics such as consolidating past cooperation achievements and jointly exploring future cooperation projects.

Types Covered:

  • Vanadium Pentoxide (V2O5)
  • Vanadium Trioxide (V2O3)
  • Other Vanadium Oxides

Forms Covered:

  • Powder
  • Granules
  • Liquid Dispersion

Applications Covered:

  • Steel & Metallurgy
  • Chemical Industry
  • Energy Storage
  • Glass & Ceramics
  • Other Applications

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 Emerging Markets
  • 3.8 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Vanadium Oxide Market, By Type

  • 5.1 Introduction
  • 5.2 Vanadium Pentoxide (V2O5)
  • 5.3 Vanadium Trioxide (V2O3)
  • 5.4 Other Vanadium Oxides

6 Global Vanadium Oxide Market, By Form

  • 6.1 Introduction
  • 6.2 Powder
  • 6.3 Granules
  • 6.4 Liquid Dispersion

7 Global Vanadium Oxide Market, By Application

  • 7.1 Introduction
  • 7.2 Steel & Metallurgy
    • 7.2.1 Alloying Additives
    • 7.2.2 Ferrovanadium Production
  • 7.3 Chemical Industry
    • 7.3.1 Catalysts
    • 7.3.2 Pigments
  • 7.4 Energy Storage
    • 7.4.1 Vanadium Redox Flow Batteries (VRFBs)
    • 7.4.2 Lithium-ion Battery Cathodes
  • 7.5 Glass & Ceramics
    • 7.5.1 Colorants
    • 7.5.2 UV Absorbers
  • 7.6 Other Applications

8 Global Vanadium Oxide Market, By Geography

  • 8.1 Introduction
  • 8.2 North America
    • 8.2.1 US
    • 8.2.2 Canada
    • 8.2.3 Mexico
  • 8.3 Europe
    • 8.3.1 Germany
    • 8.3.2 UK
    • 8.3.3 Italy
    • 8.3.4 France
    • 8.3.5 Spain
    • 8.3.6 Rest of Europe
  • 8.4 Asia Pacific
    • 8.4.1 Japan
    • 8.4.2 China
    • 8.4.3 India
    • 8.4.4 Australia
    • 8.4.5 New Zealand
    • 8.4.6 South Korea
    • 8.4.7 Rest of Asia Pacific
  • 8.5 South America
    • 8.5.1 Argentina
    • 8.5.2 Brazil
    • 8.5.3 Chile
    • 8.5.4 Rest of South America
  • 8.6 Middle East & Africa
    • 8.6.1 Saudi Arabia
    • 8.6.2 UAE
    • 8.6.3 Qatar
    • 8.6.4 South Africa
    • 8.6.5 Rest of Middle East & Africa

9 Key Developments

  • 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 9.2 Acquisitions & Mergers
  • 9.3 New Product Launch
  • 9.4 Expansions
  • 9.5 Other Key Strategies

10 Company Profiling

  • 10.1 Merck KGaA
  • 10.2 Vanchem Vanadium Products
  • 10.3 Bushveld Minerals
  • 10.4 Idemitsu Kosan
  • 10.5 HBIS Group
  • 10.6 Vecco Group
  • 10.7 AMG Titanium
  • 10.8 GfE
  • 10.9 China Ansteel Group Corporation Limited
  • 10.10 Pangang Group Vanadium Titanium & Resources
  • 10.11 Largo Inc.
  • 10.12 AMG Advanced Metallurgical Group
  • 10.13 Vametco
  • 10.14 Australian Vanadium Limited
  • 10.15 U.S. Vanadium LLC

List of Tables

  • Table 1 Global Vanadium Oxide Market Outlook, By Region (2024-2032) ($MN)
  • Table 2 Global Vanadium Oxide Market Outlook, By Type (2024-2032) ($MN)
  • Table 3 Global Vanadium Oxide Market Outlook, By Vanadium Pentoxide (V2O5) (2024-2032) ($MN)
  • Table 4 Global Vanadium Oxide Market Outlook, By Vanadium Trioxide (V2O3) (2024-2032) ($MN)
  • Table 5 Global Vanadium Oxide Market Outlook, By Other Vanadium Oxides (2024-2032) ($MN)
  • Table 6 Global Vanadium Oxide Market Outlook, By Form (2024-2032) ($MN)
  • Table 7 Global Vanadium Oxide Market Outlook, By Powder (2024-2032) ($MN)
  • Table 8 Global Vanadium Oxide Market Outlook, By Granules (2024-2032) ($MN)
  • Table 9 Global Vanadium Oxide Market Outlook, By Liquid Dispersion (2024-2032) ($MN)
  • Table 10 Global Vanadium Oxide Market Outlook, By Application (2024-2032) ($MN)
  • Table 11 Global Vanadium Oxide Market Outlook, By Steel & Metallurgy (2024-2032) ($MN)
  • Table 12 Global Vanadium Oxide Market Outlook, By Alloying Additives (2024-2032) ($MN)
  • Table 13 Global Vanadium Oxide Market Outlook, By Ferrovanadium Production (2024-2032) ($MN)
  • Table 14 Global Vanadium Oxide Market Outlook, By Chemical Industry (2024-2032) ($MN)
  • Table 15 Global Vanadium Oxide Market Outlook, By Catalysts (2024-2032) ($MN)
  • Table 16 Global Vanadium Oxide Market Outlook, By Pigments (2024-2032) ($MN)
  • Table 17 Global Vanadium Oxide Market Outlook, By Energy Storage (2024-2032) ($MN)
  • Table 18 Global Vanadium Oxide Market Outlook, By Vanadium Redox Flow Batteries (VRFBs) (2024-2032) ($MN)
  • Table 19 Global Vanadium Oxide Market Outlook, By Lithium-ion Battery Cathodes (2024-2032) ($MN)
  • Table 20 Global Vanadium Oxide Market Outlook, By Glass & Ceramics (2024-2032) ($MN)
  • Table 21 Global Vanadium Oxide Market Outlook, By Colorants (2024-2032) ($MN)
  • Table 22 Global Vanadium Oxide Market Outlook, By UV Absorbers (2024-2032) ($MN)
  • Table 23 Global Vanadium Oxide Market Outlook, By Other Applications (2024-2032) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.