Environmental and health hazards including eye, nose, and throat infections act as a barrier for the vanadium compound market. Other
ill-effects include damage to nervous system and carcinogenic diseases. Vanadium compounds can cause inhibition to the enzymes in
animals and in certain cases, lead to cancer.
The market for vanadium compounds is distributed over North America, Europe, Asia Pacific, and Middle East & Africa. The market
of Asia Pacific is dominant, followed by Europe and North America. Demand for vanadium compounds is on rise in Asia Pacific due
to the region’s burge oning chemical industry. China possesses immense vanadium mines; therefore the vanadium compound market in
this country is anticipated to expand. Brazil is another significant market due to the industrial activities in this country.
Key players in the vanadium market include Treibacher Industries AG, Shinko Chemical, V-PubChem, Yogi Dye Chem, Forbes
Pharmaceuticals, and Oxkem Limited.
Industry analysts have observed that the vendor landscape of this market is rather consolidated and just a handful of players account
for a majority of the market share. Most companies have been spending on research and development activities so as to expand their
footprint in the bio-polyamide market. In addition to this, they are focusing on developing new products and improving their
manufacturing process. Larger enterprises are acquiring smaller and local companies in order to strengthen their market presence.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)