Ammonium Metavanadate Market Analysis

Ammonium Metavanadate Market Analysis

Based on purity levels, ammonium metavanadate market is segmented into 98%-99% and min. 99% purity. Ammonium metavanadate of min. 99% purity is a white crystalline powder with a particle size of less than 1 mm. The product’s purity ranges from 99% to 99.99% and it offers the advantages of being odorless & high chemical stability under normal conditions. Its high purity and fine particle size make it an ideal catalyst for the production of organic compounds such as benzimidazoles used in pharmaceutical industry.
 

Ammonium vanadate of min. 99% purity is moderately soluble in water and highly reactive with alkalis which increases its suitability as a laboratory reagent. The product presents low probability of undergoing hazardous reactions such as polymerization which indicates high stability for storage & usage. The product is ideal for the production of the dioxido-vanadium(V) complex which is a widely used catalyst owing to its desirable biochemical properties and the interconvertible oxidation states of vanadium.
 

The product is commonly used in the production of the photocatalyst vanadium oxide-titania by the wet impregnation method.  This catalyst plays a crucial role in various industrial reactions such as the oxidation of alkanes & aromatics and the catalytic reduction of nitrous oxides. Ammonium metavanadate of min. 99% purity creates an acidic solution with water which is highly reactive and helps neutralize bases without releasing excessive amounts of heat.
 

This product finds extensive usage in the combustion analysis of hydrogen, nitrogen and carbon pertaining to its non-combustible nature. It is used for producing alloys in the metals industry, printing, chemical reactions, medicines and photography.
 

Ammonium metavanadate market is segmented based on product forms including powder and granule. The product has slight solubility in water which increases its suitability as a dryer for inks, paints and dyes. It is also used as a catalyst in the dyeing of fur & leather pertaining to rising preference for such products and growing adoption in textile industry. It finds widespread usage in staining wood black, indelible ink, hematoxylin staining in medical diagnosis, photographic developer, developing pottery luster, and printing & dyeing of woolens. The dyes containing ammonium vanadate are majorly used in paints & coatings, printing inks, packaging and textile sectors.
 

The product is ideal for the printing & dyeing of cotton, production and fixing of aniline black on silk. It improves the performance of various quick-drying inks and imparts enamels & glazing on ceramics. It serves as a catalyst in the production of organic intermediates of polyester, nylon and synthetic inks. Modernization of retail industry and changing lifestyles have led to rising requirement for packaging ink, which, along with technological advancement in water-based ink technology will be the major factor shaping industry dynamics.
 

Based on applications, ammonium metavanadate market is segmented into chemical reagents, catalysts, paints, inks & dyes, and ceramics applications. The product is routinely used as a catalyst in inorganic & organic synthesis which includes the production of adipic acid and vanadium pentoxide. The product ensures the conversion of cyclohexanol-cyclohexanone mixture formed during the adipic acid production process into the final product through continuous oxidation with nitric acid at a temperature of 75°C. It also plays a major role in the production of catalysts used in the reduction of harmful nitrogen oxides emitted from boilers.
 

The product is significantly used in the manufacturing of the vanadium pentoxide catalyst owing to the relative simplicity of the production process. Vanadium pentoxide is extensively used as a catalyst in the commercial production of sulfuric acid by the contact process where it ensures the oxidation of sulfur dioxide to trioxide at 440°C. It also catalyzes chemical reactions in the production process of varnishes, paints and dyes.
 

The report covers regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America ammonium metavanadate market size should register over 6% gains by 2025. Lead-acid, nickel-based, lithium-ion, flow batteries and sodium-based batteries accounted for about 0.75 GW of rated in the U.S. in 2018 owing to the presence of several energy storage projects in the country. The product is well-suited for electrodes used in rechargeable sodium-ion batteries owing to their excellent rate, reversible capacity and high electrochemical performance regarding sodium.
 

The product is well-suited for energy storage & load leveling services in smart grids pertaining to its ability to be synthesized easily, excellent energy density, small charge transfer resistance, superior cycling stability and discharge capacity. U.S. smart grid spending was about USD 2.5 billion in 2019 owing to growing electricity demand and government incentives which should fuel the requirement of rechargeable sodium-ion batteries.
 

Ammonium metavanadate significantly reduces sodium-ion battery production cost by eliminating the requirement of expensive electrolyte additives, improving reversible capacity and improving stability. Rechargeable sodium ion batteries have undergone substantial technological innovation which has resulted in similar conductivity as that of conventional lithium-ion batteries.