Acumen Research and Consulting Vanadium Market Size 2018 - 2026 | Page 3

View Detail Information with Complete TOC@ https://www.acumenresearchandconsulting.com/vanadium-market Asia-Pacific to wear the crown Asia-Pacific region is anticipated to dominate the global vanadium market throughout the forecast period. This is mainly due to increasing production in China as well as rising trade relations across the North East Asian countries. Additionally, increasing inclination of automotive manufacturers such as Tesla in deploying their manufacturing units in the cheaper Asian countries in order to achieve cost effectiveness in terms of labor, taxes as well as governmental support is projected to bolster the demand for vanadium in the region. Also, rapid urbanization in Indonesia and Thailand as well as increasing focus on the deployment of vanadium redox batteries in Asia-Pacific region is projected to bring impetus in the global vanadium market. The constant advance in pricing is a good marker for producers in the rest of the world outside of Asia-Pacific. Moreover, the forward push has also attracted a few companies based in North American region to participate in exploration or relocate to vanadium quarrying. However, though various vanadium exploration projects are advancing at varying levels of advancement across the globe, covering heightened demand may well be more difficult than anticipated owing to pricing variations. Some of the major players operating in the global vanadium market include Pangang Group Vanadium Titanium & Resources Co., Ltd., Vanadium Corporation, Bushveld Minerals Limited, EVRAZ Group, Largo Resources and Australian Vanadium Limited among others. Explore Our Market Blog@ https://www.acumenresearchandconsulting.com/blogs Would like to place an order or any question, please feel free to contact at [email protected] | [phone]