Overview:

Ammonium metavanadate is an intermediate chemical and is extensively used in various end use industries. Compounds such as silver vanadate, manganese vanadate, and vanadium oxide are synthesized using ammonium metavanadate. The compound is water soluble and found in powder and granule form and white or pale yellow in color.

Market Dynamics:

Flourishing paint and coating sector across the globe, coupled with increasing use of ammonium metavanadate in paints, varnishes, inks, dyes and photographic developers are major factors expected to drive growth of the global ammonium metavanadate market. In addition, wide applicability of ammonium metavanadate to produce mandelin reagent which is widely used in detection of dangerous drugs is another factor expected to support the growth of target market

Government across the globe is spending high on healthcare sector, developing regulatory scenario, and rapid advancements in laboratory chemicals are among other important factors expected to boost growth of the target market. Ammonium metavanadate is used as a reagent in laboratory and analytical chemistry. Increasing public-private partnership for R&D activities is another factor expected to impact the growth of target market positively.

Key Trends:

Major players approach towards enhancing the business presence and increase the customer base through merger and acquisition is a key trend observed in the target market. In 2015, Merck KGaA acquired Sigma-Aldrich a global player involved in manufacture & distribution of chemicals, ceramics, ammonium metavanadate, biopharmaceuticals and lab-ware. This acquisition is expected to help the company to enhance the product portfolio and increase the customer base.

Regional Analysis:

For detailed understanding of market dynamics, the global ammonium metavanadate market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America accounted for the major revenue share in 2018, owing to increasing demand form paint industry. In addition, presence of large number of players operating in the country, coupled with innovative product offerings are among other factors expected to further augment the growth of target market in this region.

Scope of the Report:

Detailed Segmentation:

Global Ammonium Metavanadate Market, By Form:

• Powder
• Granule

Global Ammonium Metavanadate Market, By Purity:

• 98% - 99%
• Minimum 99%

Global Ammonium Metavanadate Market, By Application:

• Chemical reagent
• Catalyst
• Paints, inks & dyes
• Ceramics

Key Players Covered:

Key players operating in the market includes, , Santa Cruz Biotechnology, Yogi Dye Chem Industries, ACS Chemicals, Avanschem, Motiv Metals, GfE Gesellschaft für Elektrometallurgie, American Elements, Merck KGaA, Thermo Fisher Scientific, Sisco Research Laboratories, and Strem Chemicals.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Ammonium Metavanadate Market by form, purity, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global ammonium metavanadate market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.