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Molded Plastics Market to Rise at a CAGR of 5.6% Owing to Burgeoning Packaging Industry

The molded plastics market depicts the presence of a highly fragmented and emerging vendor landscape, with the level of competition gradually increasing over time, says Transparency Market Research on the basis of a recently published report. Most players operating in this market are focusing on developing innovative ways to manufacture enhanced molded plastic materials. Developing eco-friendly plastic varieties is a new target for many companies operating in the global molded plastics market. Many businesses are looking forward to participate in crucial mergers & acquisitions, as well as collaborating with newer companies to expand their geographical presence. The local companies face tough competition from international enterprises who have strongly cemented their position. BASF SE, Eastman Chemical Company, SABIC, Huntsman Corporation, Lyondell Basell Industries N.V., and INEOS Group AG, are some of the key players operating in this field.

The global molded plastics market had registered revenue valued at US$124.8 bn in the year 2015, which is further expected to reach a valuation of US$202.2 bn toward the end of 2024. This growth is prophesized to occur at a healthy 5.6% CAGR during the forecast period ranging from 2016 to 2024.

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Rising Demand of Better Plastics in Construction and Packaging Drives Expansion

Molded plastic materials hold significant strength as compared to the conventional varieties, thus drawing more preference from consumers and manufacturers. Owing to such a preference, a rise in their production capacities is chiefly driving the global molded plastic market. These materials find extensive employment in the packaging sector owing to several to their several advantageous properties. And with widespread expansion of the packaging industry, the demand for plastic materials has tremendously increased, thereby driving the global molded plastics market. Moreover, with rising industrial development, a surge in the construction industry also has increased demand for molded plastics, thereby propelling extensive growth in the market. Lastly, commercialization of advanced polymers too is supporting the demand for molded plastics in the building and construction sector. In this way, the global molded plastics market is anticipated to experience a brisk expansion during the next few years.

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Lack of Skilled Labor in Underdeveloped Regions Stunts Market’s Growth

However, steep costs of processing raw materials required to make molded plastics is often passed onto the end consumers in the form of high product prices. This might discourage customers who cannot afford expensive molded plastics, in turn making them prefer cheaper alternatives, consequently hindering the global molded plastics market. Lack of skilled labor and shortage of raw materials in remote and underdeveloped regions is also fairly restraining this market up to a certain extent. Nevertheless, many companies are working hard towards introducing cost-effective plastic solutions. This could notably reducing the intensity of restraints affecting the global injection molded plastic market’s growth.

Global Fuel Additives Market to Register a CAGR of 8.30% over 2015 to 2023 Owing to Growth Within Automotive Sector

The global fuel additives market exhibits a moderately consolidated competitive landscape wherein the top three companies held 28.50% of the total market share in 2014. Afton Chemical Corporation, Innospec, and The Lubrizol Corporation are these top three players, and they have established commendable reckon across the market. Other players who have established themselves in the market include BASF, Chevron Oronite, Nalco, Clariant, and Infineum. Amongst these, BASF has been the primary resort for customers who want to improve the fuel performance because the company offers additives that are supremely better than the products of other companies. Furthermore, Afton Chemical Corporation has specialized in providing products for lubrication, cold flow improvement, diesel fuel, and gasoline performance. Since the market is closely aligned with the fuel industry, the market players have to be wary of the requirements of petroleum and gas manufacturers. Moreover, in order to maintain a continuous flow of demand, the vendors shall have a high level of penetration into the fuel industry to captivate the buyers. The voluminous investment required to start a new venture has restricted the entry of new players.

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A report published by TMR foretells key figures with regards to the growth of the global market for fuel additives over the coming years. It is estimated that the market’s CAGR for the period between 2015 and 2023 would settle at a robust figure of 8.30%. The market value is projected to escalate from US$1.62 bn in 2016 to US$2.64 bn by the end of 2023. The market in North America has attained supremacy over other regional segments primarily due to the high awareness levels of the masses about the benefits of fuel additives.

Need for Fuel Efficiency to Expand Market

Optimizing the efficiency of fuel engines serves several benefits such as reduced costs, better running of vehicles and other machines, and increased life of the engine. Hence, the demand for fuel additives that can enhance the quality of the fuel is expected to escalate to unprecedented levels in the coming years. Fuel efficiency is one of the most major concerns of the automotive industry which is gradually becoming the largest propeller of market demand. The deposits along fuel lines often choke the injector nozzle and reduce the efficiency of the engine. To curb this, the government has imposed strict regulations on the automotive industry to prevent the formation of deposits along fuel lines. Hence, the market for fuel additives is expected to reap tremendous demand over the coming years.

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Use of Ultra-Low Sulfate Diesel Escalates Demand

Ultra-low sulfur diesel has become very popular across the automotive industry, thus, increasing its usage by the consumers. ULTD is an extremely clean diesel fuel that is estimated to have 97% lower sulfur than the previous low-sulfur diesel (LSD) type. Since ULTD requires fuel additives in abundance to function properly, the market is expected to expand at a robust rate over the coming years. However, low demand for high-end gasoline and lack of awareness amongst customers is expected to hamper market growth. Furthermore, the heavy cost of research and development for fuel additives also poses a threat to market growth.

Global Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market to Reach US$7.98 bn by 2023

Transparency Market Research has published a new report titled “Palm Kernel Oil and Coconut Oil Based Natural Fatty Acids Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023.” According to the report, the global palm kernel oil and coconut oil based natural fatty acids market was valued at US$5.32 bn in 2014 and is anticipated to reach US$7.98 bn by 2023, expanding at a CAGR of 4.6% between 2015 and 2023.

Palm kernel oil and coconut oil based natural fatty acids comprise medium-chain oleochemicals such as lauric acid, myristic acid, caprylic acid, and capric acid. These natural fatty acids have broad usage in detergents, personal care, plastics, rubber, and other end-user industries. Natural fatty acids act as surfactants in detergents and personal care end-user industries owing to the presence of hydrophilic and hydrophobic groups in these molecules. Availability from bio-based and renewable sources encourages industrial use of natural fatty acids as compared to their petroleum-based and animal-based counterparts. Increasing consumer awareness regarding the usage of products possessing non-toxic and environmentally sustainable ingredients has fueled demand for palm kerneFragmented Graphene Market l oil and coconut oil based natural fatty acids in the past few years. Ambient environmental conditions in Southeast Asia favor the production of palm kernel oil and coconut oil.

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Furthermore, supportive governmental policies attract key players in the natural fatty acid market to strengthen their business in this region. However, volatility in raw material prices coupled with over dependency on Southeast Asia-based manufacturers is likely to hinder the market growth during the forecast period.

The global natural fatty acids market has witnessed significant growth in the past few years. Population growth coupled with rising per capita income resulted in increased consumption of detergents in developing countries in the past few years. This, in turn, generated considerable demand for natural fatty acids in the detergents industry, enabling it to be the largest end-user in 2014. Personal care is projected to be the fastest-growing end-user of the natural fatty acids market in the next few years. Heightened awareness regarding personal well-being and hygiene maintenance has propelled growth of the global personal care industry. Furthermore, several personal care products manufacturers are focused on using biocompatible and green materials to improve biosafety of products. As a result, demand for natural fatty acids is expected to increase substantially in the personal care industry during the forecast period.

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Asia Pacific dominated the global market for palm kernel oil and coconut oil based natural fatty acids in 2014. The region is expected to continue witnessing a similar growth trend during the forecast period due to rising demand from major end-user industries. Increase in purchasing power parity of consumers in developing countries of Asia Pacific is projected to boost demand for natural fatty acids in the next few years. China is estimated to be the major consumer of natural fatty acids in 2023 followed by Rest of Asia Pacific and ASEAN. Europe was the second-largest consumer of natural fatty acids in 2014 followed by North America. Middle East & Africa and Latin America are anticipated to be emerging markets for natural fatty acids in the next few years. Favorable atmospheric conditions for palm and coconut cultivation in West Africa coupled with growth in the personal care industry is likely to create lucrative opportunities in the natural fatty acids market in Middle East & Africa. Request A Sample@

Oil and Gas Companies Look for High-efficiency Oil and Gas Analytics Amid Falling Crude Prices

Oil and gas companies are moving through a phase that could prove to be highly beneficial to the global oil and gas analytics market. With the current oil prices slump showing very few signs of relief, crude extractors and refineries are looking to resolve their cost issues through optimizing their processes and increasing their production efficiencies. The global oil and gas analytics companies can help crude players do just that; the companies can improve their ROI though making decisions and strategies based on these analytics, says Transparency Market Research.

TMR’s new study reveals that the key players in the global oil and gas analytics market are highly oriented towards providing software services. This can be concluded through the fact that software sales are increasing and have brought about major growth spurts in the global oil and gas analytics market over the recent past. The top three players – IBM Analytics, Oracle Corporation, and SAP SE – have collectively held around 23% of the market in 2014.

The research provided by seasoned TMR analysts can help shed a brighter light on the global oil and gas analytics market and all its current dynamics, with the oil prices slump in view.

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Upstream Applications Will Continue Oil and Gas Analytics Dominance

“High risk has always been a part and parcel of oil and gas core functions,” stated a TMR analyst. “The priority that risk-management holds in the oil and gas exploration and production’s core functions has consistently made upstream oil and gas analytics exceptionally important.” The report also discusses how and why the upstream applications segment – with the highest market value of roughly US$2.89 bn in 2014 – will be the fastest-growing segment in the global oil and gas analytics market for the report’s forecast period from 2016 to 2024. This is a segment that includes key functions such as asset maintenance, risk assessment, drilling optimization, and production optimization. All the above factors are in high demand in the crude industry, enabling this segment as a whole to progress at a rapid rate.

Analytics Innovations and Customized Services are What Oil and Gas Companies are Looking For

The key players in the global oil and gas analytics market are all highly capable of not only providing the best in software, hardware, and services, but are also providers of patented software programs to third party service providers on the basis of lease and licensing. As a result, these companies are able to nudge their growth rates further than most new entrants. At the same time, the clients from the oil and gas sector have begun looking for new levels of innovations for high-quality analytics. They are also looking for customizations that might allow the new services or hardware to integrate seamlessly with their processes. Players who look deeper into these latent needs of the client are expected to show bigger margins. For instance, the April 2016 release of Solution Print by Deloitte Development LLC, along with its rapid rate of integrating the IoT structure to oil and gas analytics, have been causing many clients prefer this company’s services or look for similar services in the market.

Although software sales are at an all-time high in the global oil and gas analytics market, no importance is taken away from the installation and implementation of new hardware. The most commonly used hardware for oil and gas analytics include data monitoring equipment, data storage, and servers. Each sub-segment of hardware is showing a great deal of innovativeness when it comes to optimizing systems specifically for oil and gas analytics.

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Scope of Development as Important as Market Share Size for Analytics Services Providers

From a regional perspective, a whopping 45% of the revenue in the global oil and gas analytics market was held by North America, for 2015. The U.S. was responsible for a large part of this revenue generated, followed by Canada and Mexico. Most of the key players in the region are also key players in the global market, allowing their growth and development to be a direct boost to the North America oil and gas analytics market. The North America analytics scenario for oil and gas has been a consistently positive one. It held a market value of US$3.1 bn in 2015 and, according to the TMR report, is showing a 19.5% CAGR from 2016 to 2024.

Additionally, many of these established analytics companies are already looking at regions such as Asia Pacific for further development. A major reason for this is the readiness of the Asia Pacific oil and gas industry to adopt the newer software and hardware in oil and gas analytics. This is good news for global players who are looking to expand their horizons beyond their primary region of operations.

Global Traction Equipment Market : Rising Applications in Automobile to boost Market, says TMR

The global traction equipment market is considerably fragmented due to the presence of numerous players in the market. Transparency Market Research (TMR) has found that this market is highly technology-centric and only the companies with efficient and effective products can sustain in the highly competitive nature of the market. The degree of competition is anticipated to remain intense over the forthcoming years due to escalating demand for traction equipment from emerging markets. Among various prominent players operating in this market, ABB Ltd. has piloted the competition due to innovative product portfolio. Kawasaki Heavy Industries, Ltd., TTM Rail – Transtech Melbourne Pty Ltd., Caterpillar Inc., Toshiba International Corporation, VEM Group, American Traction Systems, Bombardier Inc., General Electric Company, Alstom SA, Mitsubishi Electric Corporation, Crompton Greaves Limited, and Siemens AG are among other significant players employing in this market.

Transparency Market Research has projected that the market sold about 1.1 mn units in 2015 and the demand will reach 1.3 mn units by the end of 2024, growing with a steady CAGR of 2.34% during the period 2016-2024.

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Based on product type, traction motors segment has dominated the overall market and accounted for 80% of the share to the market in 2015. This segment is expected to sustain its leading position over the forecast period. Geographically, Asia Pacific emerged as a leading market, contributing to around 40% to the global market in terms of both volume and revenue.

Development of Railway Infrastructure for Better Transportation to Assist Market Expansion

The global traction equipment market is propelled by the development of railway sector and investments in this sector. The increasing demand for advanced equipment for railway sector has resulted in a tremendous growth in the overall market of traction equipment. The expansion and development of railway networks and the surging investments in countries such as Spain, South Africa, China, India, and the U.S., are expected to allot a potential rise to the revenue and the volume of the market. Furthermore, regulations and policies modulated by various governments to curb emissions from transportation are most likely to assist the market expand over the forecast period. Demand for EV traction motors is surging due to the emergence of electric vehicles. This trend in the automotive sector is envisioned to drive the market for traction equipment. In addition, the capability of traction motors of efficiently converting electrical power into mechanical power is most likely to fill-in the increasing demand for efficient power converting products from various industries.

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Poor Manufacturing and Shipping Services Could Restrain the Market Growth

The unit-wise shipment of products in the railway sector is exceptionally low. Furthermore, the delivery time and manufacturing time for the products of traction equipment in the railway sector is high compared to automobile sector. These factors could hinder the growth of the market. Furthermore, the replacement requests and off-the-shelf sales are rare, which is further limiting the market to grow with its concealed potential. However, the increasing applications of traction equipment products in the machinery and automotive is expected to sustain the market growth. The demand for equipment such as compressors, blowers, rectifiers, controllers, and other auxiliary systems in the railway segment is increasing, further helping the market to expand. Moreover, the increasing demand for vehicles commuting in all terrains are expected to register a high demand for advanced products. The evolution of hybrid technology is anticipated to sustain the market growth over the forecast period.

Fragmented Graphene Market Poised to Witness Several Mergers and Acquisitions Worldwide, reports TMR

Graphenea S.A., Applied Graphene Materials plc, and XG Sciences, Inc., held a leading share of 26.7% in the global graphene market in 2014, states Transparency Market Research in a new report. The market is fragmented with the presence of a large number of players defining its vendor landscape. Companies are investing significantly in research and development of graphene. Keeping in line with this trend, Graphenea S.A. recently invested in a plant in CIC nanoGUNE nanotechnology research center in San Sebastian to boost its technological capacity.

“Companies are likely to opt for mergers and acquisitions to alter their market shares, increase their brand presence, and add to their product portfolios” says a lead analyst at TMR. Since graphene is a fairly new product, with its discovery dating back to 2004, manufacturers have a huge scope of entering the business to make lucrative business in the near future.

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Telecom and Automotive Industries Empower Graphene Growth

“Though the discovery of graphene is just about 10 years old, its usage has been phenomenal. Known for its characteristics such as being light-weight and strong, graphene is considered to tougher than a diamond as well,” says TMR analyst. These properties have made graphene popular among electronics companies that are using it for manufacturing smartphones. The demand for this wonder material is also expected to pick up as electronics, automotive, telecom, and aerospace and defense industries flourish.

Increasing investments in research and development of graphene are also likely to boost the market in the near future. For instance, the European Commission announced a whopping investment of US$1.3 bn in research and development of graphene that will be used for the next 10 years. Furthermore usage of graphene in manufacturing various automotive parts to make vehicles lighter and fuel-efficient is also likely to augment this market.

High Research and Development Costs Act as Major Barriers

The biggest restraint in the global graphene market is the high cost of manufacturing. To begin with, development of graphene requires extensive research and development and vendors are still trying to devise cost-efficient technologies. Thus, the related and the actual cost of manufacturing is restraining the growth of this market. This factor is also dissuading end-user industries from using graphene to make their products as it raises the eventual output cost. As of 2015, the market price of graphene stood at US$100 per gram, which is an exorbitant cost to bear for manufacturers.

The increasingly wide usage, application, and adoption of graphene showing this market a new ray of hope. Known to have excellent thermal conductivity, low optical absorption, and high electron mobility, graphene is being considered an important material for manufacturing electrical components that make low noise and have high power bandwidth.

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The research report states that the opportunity in the graphene market is likely to be worth US$159.2 mn by 2023 as compared to US$12.2 mn in 2014. During the forecast period of 2015-2023, the global graphene market is anticipated to surge at a CAGR of 33.5%. The leading region in this market will be North America, which held a share of 40.2% in 2014. Furthermore, the key end-user contributor in the global graphene market will be the electronics segment that will grab a share of 34.7% by the end of the forecast period.

Global Fuel Additives Market to Register a CAGR of 8.30% over 2015 to 2023 Owing to Growth Within Automotive Sector

The global fuel additives market exhibits a moderately consolidated competitive landscape wherein the top three companies held 28.50% of the total market share in 2014. Afton Chemical Corporation, Innospec, and The Lubrizol Corporation are these top three players, and they have established commendable reckon across the market. Other players who have established themselves in the market include BASF, Chevron Oronite, Nalco, Clariant, and Infineum. Amongst these, BASF has been the primary resort for customers who want to improve the fuel performance because the company offers additives that are supremely better than the products of other companies. Furthermore, Afton Chemical Corporation has specialized in providing products for lubrication, cold flow improvement, diesel fuel, and gasoline performance. Since the market is closely aligned with the fuel industry, the market players have to be wary of the requirements of petroleum and gas manufacturers. Moreover, in order to maintain a continuous flow of demand, the vendors shall have a high level of penetration into the fuel industry to captivate the buyers. The voluminous investment required to start a new venture has restricted the entry of new players.Request A Sample@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=982A report published by TMR foretells key figures with regards to the growth of the global market for fuel additives over the coming years. It is estimated that the market’s CAGR for the period between 2015 and 2023 would settle at a robust figure of 8.30%. The market value is projected to escalate from US$1.62 bn in 2016 to US$2.64 bn by the end of 2023. The market in North America has attained supremacy over other regional segments primarily due to the high awareness levels of the masses about the benefits of fuel additives.Need for Fuel Efficiency to Expand MarketOptimizing the efficiency of fuel engines serves several benefits such as reduced costs, better running of vehicles and other machines, and increased life of the engine. Hence, the demand for fuel additives that can enhance the quality of the fuel is expected to escalate to unprecedented levels in the coming years. Fuel efficiency is one of the most major concerns of the automotive industry which is gradually becoming the largest propeller of market demand. The deposits along fuel lines often choke the injector nozzle and reduce the efficiency of the engine. To curb this, the government has imposed strict regulations on the automotive industry to prevent the formation of deposits along fuel lines. Hence, the market for fuel additives is expected to reap tremendous demand over the coming years.Get PDF Brochure for more Professional & Technical industry insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=982Use of Ultra-Low Sulfate Diesel Escalates DemandUltra-low sulfur diesel has become very popular across the automotive industry, thus, increasing its usage by the consumers. ULTD is an extremely clean diesel fuel that is estimated to have 97% lower sulfur than the previous low-sulfur diesel (LSD) type. Since ULTD requires fuel additives in abundance to function properly, the market is expected to expand at a robust rate over the coming years. However, low demand for high-end gasoline and lack of awareness amongst customers is expected to hamper market growth. Furthermore, the heavy cost of research and development for fuel additives also poses a threat to market growth.

Vanadium Pentoxide Market – Research Report Forecast Until 2024 Growth Analysis up to 2026

Vanadium Pentoxide Market: Overview

Vanadium pentoxide is an inorganic compound with formula V2O5. It is brown/yellow solid, and when freshly precipitated from aqueous solution, the color turns to deep orange. It is the most important compound of vanadium as per commercial perspective, being the principal precursor to alloys of vanadium and is a widely used industrial catalyst. In 1925, relatively pure vanadium was obtained by reducing vanadium pentoxide with calcium metal. Raw materials used to produce vanadium pentoxide include titanomagnetite ores and their concentrates which are processed directly, vanadium slags derived from ores, oil combustion residues, spent catalysts, and residues from the hydrometallization process. Primary industrial compounds manufactured directly from these raw materials are 98% (by weight) fused pentoxide, air-dried (technical-grade) pentoxide, and technical-grade ammonium metavanadate.

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Vanadium Pentoxide Market: Drivers & Restraints

Alkaline roasting is the main process used to produce vanadium pentoxide from vanadium slags. This process, with minor differences, can also be used to processes titanomagnetite ores and vanadium-containing residues. The slag is first ground to <100 µm and the iron granules are removed. Alkali metal salts are added and roasted with oxidation at temperatures between 700°C & 850°C in multiple-hearth furnaces or rotary kilns to form water-soluble pentavalent sodium orthovanadate. The roasted product is percolated with water and ammonium polyvanadate or sparingly-soluble ammonium metavanadate are precipitated in the crystalline form from the alkaline sodium orthovanadate solution by adding sulfuric or hydrochloric acid and ammonium salts at high temperatures. These compounds are converted to high-purity, alkali-free vanadium pentoxide by roasting. The commercial ‘flake’ form of vanadium pentoxide is obtained from the solidified melt. Hydrometallurgical methods or a combination of pyrometallurgical and hydrometallurgical processes are used to produce vanadium oxides and salts from other raw materials. Uranium production from carnotite and other vanadium-bearing ores also yield significant amounts of vanadium pentoxide.

Vanadium Pentoxide Market: Key Segments

Increase in need for sustainable energy storage solution is expected to create opportunity in the vanadium pentoxide market. Investors across the globe are encouraging the development of vanadium redox flow battery technology by investing in related projects. This, in turn, is increasing the demand for vanadium pentoxide market. There is huge opportunity for research & development in vanadium redox flow batteries. The steel industry is the significant end-user segment for vanadium pentoxide owing to its value addition to the steel products by improving mechanical properties. Financial barriers, less-awareness, fluctuating demand, legal and regulatory issues are some factors that are expected to hamper the market.

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In terms of application, the vanadium pentoxide can be segmented into production of metal alloys, oxidation catalyst, production of oxalic acid, energy storage, and others. Iron-vanadium and aluminum-vanadium master alloys are produced from vanadium pentoxide fused flakes due to the low loss on ignition, low sulfur and dust content, and high density of the molten oxide as compared to vanadium powder. These alloys are used in applications such as automotive steels, jet engines, and airframes. Based on end-use industry, the vanadium pentoxide market can be segregated into enameling, electrical & electronics, metallurgy, glass, chemicals, petrochemicals, paints & ceramics, and others.

Vanadium Pentoxide Market: Regional Outlook

In terms of geography, the global vanadium pentoxide market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific accounted for a dominant share in the global vanadium pentoxide market owing to the large steel industry in the region. Europe and North America are major producers and consumers of vanadium pentoxide market. The vanadium pentoxide market in Asia Pacific is projected to expand at a rapid pace during the forecast period due to the growth of the end-use industries. Latin America and Middle East & Africa are also promising vanadium pentoxide market.

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Vanadium Pentoxide Market: Key Players

Key players operating in the vanadium pentoxide market include Aura Energy, Australian Vanadium Limited, Largo Resources Ltd., Bushveld Minerals., Prophecy Development Corp., and Premier Alloys & Chemicals Pvt. Ltd.

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