Product Code: ETC109063 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India Ferro Vanadium Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 14.65% in 2026, following an initial rate of 14.28%, before easing to 12.79% at the end of the period.
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.
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
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 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
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, 2021 & 2031F |
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, 2021 & 2031F |
3.6 India Ferro Vanadium Market Revenues & Volume Share, By Production Process, 2021 & 2031F |
3.7 India Ferro Vanadium Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Ferro Vanadium Market Revenues & Volume Share, By End-users, 2021 & 2031F |
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 - 2031F |
6.1.3 India Ferro Vanadium Market Revenues & Volume, By FeV40, 2018 - 2031F |
6.1.4 India Ferro Vanadium Market Revenues & Volume, By FeV50, 2018 - 2031F |
6.1.5 India Ferro Vanadium Market Revenues & Volume, By FeV60, 2018 - 2031F |
6.1.6 India Ferro Vanadium Market Revenues & Volume, By FeV80, 2018 - 2031F |
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 - 2031F |
6.2.3 India Ferro Vanadium Market Revenues & Volume, By Reduction by Aluminium, 2018 - 2031F |
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 - 2031F |
6.3.3 India Ferro Vanadium Market Revenues & Volume, By Structural Plates, 2018 - 2031F |
6.3.4 India Ferro Vanadium Market Revenues & Volume, By Axles, 2018 - 2031F |
6.3.5 India Ferro Vanadium Market Revenues & Volume, By Frames, 2018 - 2031F |
6.3.6 India Ferro Vanadium Market Revenues & Volume, By Crankshafts, 2018 - 2031F |
6.3.7 India Ferro Vanadium Market Revenues & Volume, By Titanium Alloys, 2018 - 2031F |
6.3.8 India Ferro Vanadium Market Revenues & Volume, By Others, 2018 - 2031F |
6.3.9 India Ferro Vanadium Market Revenues & Volume, By Others, 2018 - 2031F |
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 - 2031F |
6.4.3 India Ferro Vanadium Market Revenues & Volume, By Aerospace & Defense, 2018 - 2031F |
6.4.4 India Ferro Vanadium Market Revenues & Volume, By Marine, 2018 - 2031F |
6.4.5 India Ferro Vanadium Market Revenues & Volume, By Chemical Industry, 2018 - 2031F |
6.4.6 India Ferro Vanadium Market Revenues & Volume, By Oil & Gas, 2018 - 2031F |
6.4.7 India Ferro Vanadium Market Revenues & Volume, By Industrial Equipment, 2018 - 2031F |
6.4.8 India Ferro Vanadium Market Revenues & Volume, By Others, 2018 - 2031F |
6.4.9 India Ferro Vanadium Market Revenues & Volume, By Others, 2018 - 2031F |
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, 2021 & 2031F |
9.2 India Ferro Vanadium Market Opportunity Assessment, By Production Process, 2021 & 2031F |
9.3 India Ferro Vanadium Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Ferro Vanadium Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 India Ferro Vanadium Market - Competitive Landscape |
10.1 India Ferro Vanadium Market Revenue Share, By Companies, 2024 |
10.2 India Ferro Vanadium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |