Product ID: UCMIG15E2104
Ammonium Metavanadate Market Size, Share, Growth Analysis, By Form(Powder, Granule), By Purity(98% - 99%, Minimum 99%), By Application(Chemical reagent, Catalyst), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG15E2104 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Ammonium Metavanadate Market Insights
Market Overview:
In 2018, the ammonium metavanadate market had a value of over USD 54 million, and from 2019 to 2025, it is anticipated to increase at a CAGR of over 6.5%. The product is a typical laboratory reagent for the production of many compounds, including catalysts, vanadium pentoxide, and polyoxidovanadates. It comes in the form of white, yellow, or transparent crystalline powder. Because it produces ammonia gas when heated, it is also employed in the manufacturing of paints, varnishes, inks, dyes, and photographic developers.
Ammonium Metavanadate Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Ammonium Metavanadate Market Report Snapshots
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