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Ammonium Metavanadate Market Analysis, Drivers, Restraints, Global Industry Outlook and Key Players Analysis By 2025

Author : Ravi Chawat | Published Date : 2022-09-19 

Ammonium Metavanadate Market Analysis, Drivers, Restraints, Global Industry Outlook and Key Players Analysis By 2025

Booming construction sector globally owing to urban population growth & industrialization will boost the requirement for ceramic tiles & sanitaryware, thus accelerating ammonium metavanadate market growth. The product finds widespread usage as a raw material for producing ceramic glazes and colorants. Substantial economic growth, favorable government policies to boost infrastructure sector and significant investment in telecommunication facilities should drive product adoption in ceramic industry.

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Global powder form market should surpass USD 65 million by 2025 pertaining to growing demand for catalysts to reduce production costs & environmental emissions in electrical & electronics and automotive sectors. Ammonium metavanadate finds widespread usage as a catalyst owing to its ability to improve yield, cost effectiveness and ability to conduct chemical reactions at room temperature. Significant expansion of chemical industry owing to growing demand for plastics and rubber should further stimulate the demand for catalysts and boost market growth.

Europe ammonium vanadate market led by UK, France and Germany should surpass USD 24.5 million owing to growing demand for glass as a packaging material from the regional beverage sector. The product improves the functionality of glass by imparting UV & infrared resistance and yellow coloration. Growing consumer awareness regarding the sustainable nature of packaging glass and growing adoption of solar products to promote energy efficiency should further promote market growth.

Global ammonium metavanadate market demand from paints, inks & dyes should register over 6% gains by 2025 on account of rising demand for textile products pertaining to changing consumer preferences and rising disposable income. The product plays a vital role as a drying agent in the production of dyes and pigments which enhances their drying rate. Growing adoption of digital printing technology should drive the requirement for dyes & printing inks and trigger market growth.

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Merck, American Elements, Strem Chemicals, ACS Chemicals, Thermo Fisher Scientific and Motiv Metals are among the major industry participants. The industry participants are engaged in strategic acquisitions to expand their product portfolio and achieve market growth.

About Author

Ravi Chawat . .

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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