MarketResearch.biz announces publication of its most recently generated research report titled, “Global Ammonium Metavanadate Market by Product Type (Powder and Granule), by Application (Chemical Reagents, Catalyst, and Others), and Region/Country (US, Europe, China, India, Japan, Southeast Asia, and Rest of the World) – Global Forecast to 2028.”, which offers a holistic view of the ammonium metavanadate market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2019–2023) is projected to be approximately US$ 0.3 Bn, which is expected to increase significantly over the latter part of the five-year forecast period.
Ammonium metavanadate (NH4VO3) is a water soluble inorganic compound. Ammonium metavanadate appears to be white or pale yellow crystalline powder and is an important intermediate for vanadium purification.
Browse the full “Ammonium Metavanadate Market By Type (Powder Product, Granule Product) By Application (Chemical Reagent, Catalyst) and Region – Global Forecast 2026” report at https://marketresearch.biz/report/ammonium-metavanadate-market/
Global Ammonium Metavanadate Market: Dynamics
Increasing preference towards use of ammonium metavanadate as a catalyst for organic and inorganic synthesis is a key factor expected to drive growth of the global market over the forecast period. In addition, rising adoption of ammonium metavanadate for mandelin reagent is another factor expected to further fuel growth of the target market in the near future. Furthermore, rapidly growing construction industry, especially in developing countries, is expected to result in increasing demand for ammonium metavanadate and sodium vanadate that is used in colorings to manufacture ceramic tiles, and in turn is expected to boost growth of the global market in the near future.
Ongoing trend observed in the target market is increasing demand for rechargeable sodium-ion battery (nib) based on ammonium metavanadate for energy storage applications.
Global Ammonium Metavanadate Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global ammonium metavanadate market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global ammonium metavanadate market is expected to expand at a CAGR of 6% over the forecast period.
Global Ammonium Metavanadate Market: Segmental Snapshot
The market report has been segmented on the basis of product type, application, and region/country. The product type segment includes powder and granule. The application segment includes chemical reagents, catalyst, and others. The regions/countries covered in the analysis includes US, Europe, China, India, Japan, Southeast Asia, and Rest of the World.
By Product Type: The powder type segment accounted for highest revenue share contribution as compared to granule type segment, and is expected to register highest CAGR of over 5.8% over the forecast period
By Application: The chemical reagents segment accounted for highest revenue share contribution as compared to other application segments, and is expected to register highest CAGR of over 6% over the forecast period
By Region/Country: The market in China accounted for highest revenue share in the global ammonium metavanadate market in 2018, and is expected to register highest CAGR of approximately 6.1% over the forecast period
Global Ammonium Metavanadate Market: Competitive Analysis
The research report on the global ammonium metavanadate market include profiles of some of major companies such Strem Chemicals, Inc., Merck KGaA, MoTiV Metals LLC, American Elements, and Thermo Fisher Scientific Inc.
The Global Ammonium Metavanadate Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global ammonium metavanadate market for 2018–2028.
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