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Ammonium Metavanadate Market Share

Name: Ammonium Metavanadate Market Statistics Report 2019-2025
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI4402
Published Date: Oct 2019
Report Format: PDF

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Ammonium Metavanadate Market Share

Global ammonium metavanadate market share is significantly consolidated and includes manufacturers such as:

American Elements
Merck KGaA
Thermo Fisher Scientific
Santa Cruz Biotechnology
Yogi Dye Chem Industries
ACS Chemicals
Avanschem
Motiv Metals
GfE Gesellschaft für Elektrometallurgie
Sisco Research Laboratories
Strem Chemicals

Manufacturers are engaged in strategic initiatives to expand market share and attain competitive edge.

In November 2015, global science & technology firm Merck KGaA completed the acquisition of life science company Sigma-Aldrich which is primarily involved in the manufacture & distribution of chemicals, ceramics, ammonium metavanadate, biopharmaceuticals and labware. The agreement expanded Merck’s product portfolio, ensures market expansion in the life science sector and entrusts the company with the complete control of its entire biotechnology production chain.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The ammonium metavanadate market in 2018 exhibited a revenue of US$ 54 million.

The worth of ammonium metavanadate market is expected to reach a valuation of US$ 85 million by 2025.

Ammonium metavanadate is widely used as a laboratory reagent for the production of various chemicals such as catalysts, vanadium pentoxide and polyoxidovanadates. Additionally, the product is routinely used as a reagent, intermediate or substrate in the commercial synthesis of manganese vanadate, silver vanadate and vanadium oxide.

North America market size for ammonium metavanadate should register over 6% gains up to 2025 as it is well-suited for electrodes used in rechargeable sodium-ion batteries owing to their excellent rate, reversible capacity and high electrochemical performance regarding sodium.

According to a study done by GMI analysts, the market revenue was over USD 54 million, globally in 2018.

The industry is estimated to grow at over 6.5% CAGR during the projected timeframe of 2019 to 2025, according to this Global Market Insights, Inc. forecast report.