2025-2031 Global Vanadium(III) Oxide Industry Research & Trends Analysis Report- YH Research

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2025-2031 Global Vanadium(III) Oxide Industry Research & Trends Analysis Report

Publication Date: 2025-12-12
Report Id: 2862886
Industry: Chemical & Material
Report Page: 120
Chart: 114

PDF Download

Publication Date: 2025-12-12
Report Id: 2862886
Industry: Chemical & Material
Report Page: 120
Chart: 114

PDF Download

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Table of Contents
Description
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1 Market Overview
1.1 Vanadium(III) Oxide Definition
1.2 Global Vanadium(III) Oxide Market Size and Forecast
1.2.1 By Revenue, Global Vanadium(III) Oxide Market Size, 2020-2031
1.2.2 By Sales Volume, Global Vanadium(III) Oxide Market Size, 2020-2031
1.2.3 Global Vanadium(III) Oxide Price Trend, 2020-2031
1.3 China Vanadium(III) Oxide Market Size and Forecast
1.3.1 By Revenue, China Vanadium(III) Oxide Market Size, 2020-2031
1.3.2 By Sales Volume, China Vanadium(III) Oxide Market Size, 2020-2031
1.3.3 China Vanadium(III) Oxide Price Trend, 2020-2031
1.4 China Percentage in Global Market
1.4.1 By Revenue, China Vanadium(III) Oxide Share in Global Market, 2020-2031
1.4.2 By Sales Volume, China Vanadium(III) Oxide Share in Global Market, 2020-2031
1.4.3 Vanadium(III) Oxide Market Size: China VS Global, 2020-2031
1.5 Vanadium(III) Oxide Market Dynamics
1.5.1 Vanadium(III) Oxide Market Drivers
1.5.2 Vanadium(III) Oxide Market Restraints
1.5.3 Vanadium(III) Oxide Industry Trends
1.5.4 Vanadium(III) Oxide Industry Policy

2 Global Competitive Landscape by Company
2.1 Global Vanadium(III) Oxide Revenue by Company, 2020-2025
2.2 Global Vanadium(III) Oxide Sales Volume by Company, 2020-2025
2.3 Global Vanadium(III) Oxide Price by Company, 2020-2025
2.4 Global Vanadium(III) Oxide Participants, Market Position (Tier 1, Tier 2, and Tier 3)
2.5 Global Vanadium(III) Oxide Concentration Ratio
2.6 Global Vanadium(III) Oxide Mergers & Acquisitions, Expansion Plans
2.7 Global Vanadium(III) Oxide Manufacturers Product Type

3 China Competitive Landscape by Company
3.1 China Vanadium(III) Oxide Revenue by Company, 2020-2025
3.2 China Vanadium(III) Oxide Sales Volume by Company, 2020-2025
3.3 China Vanadium(III) Oxide Vanadium(III) Oxide Participants, Market Position (Tier 1, Tier 2, and Tier 3)
3.4 China Vanadium(III) Oxide Market, Sales Percentage of Local Players VS Foreign Players (2020-2025)
3.5 Chinese Local Players, Vanadium(III) Oxide Domestic VS Export
3.6 China Market, Vanadium(III) Oxide Import & Export
3.6.1 China Market, Vanadium(III) Oxide Import & Export, 2020-2031
3.6.2 China Vanadium(III) Oxide Import & Export Trends
3.6.3 Main Sources of China Vanadium(III) Oxide Import
3.6.4 Export Destination of China Vanadium(III) Oxide

4 Vanadium(III) Oxide Production by Region
4.1 Global Vanadium(III) Oxide Capacity, Production and Capacity Utilization, 2020-2031
4.2 Global Geographic Distribution of Vanadium(III) Oxide Manufacturers
4.3 Global Major Manufacturers, Vanadium(III) Oxide Capacity Expansion and Future Plans
4.4 Global Vanadium(III) Oxide Capacity by Region
4.5 Global Vanadium(III) Oxide Production by Region
4.5.1 Global Vanadium(III) Oxide Production & Forecast by Region, 2020 VS 2024 VS 2031
4.5.2 Global Vanadium(III) Oxide Production by Region, 2020-2025
4.5.3 Global Vanadium(III) Oxide Production Market Share & Forecast by Region, 2020-2031

5 Industry Chain Analysis
5.1 Vanadium(III) Oxide Industry Chain
5.2 Vanadium(III) Oxide Upstream Analysis
5.2.1 Vanadium(III) Oxide Core Raw Materials
5.2.2 Main Manufacturers of Vanadium(III) Oxide Core Raw Materials
5.3 Midstream Analysis
5.4 Downstream Analysis
5.5 Vanadium(III) Oxide Production Mode
5.6 Vanadium(III) Oxide Procurement Model
5.7 Vanadium(III) Oxide Industry Sales Model and Sales Channels
5.7.1 Vanadium(III) Oxide Sales Model
5.7.2 Vanadium(III) Oxide Typical Distributors

6 Sights by Type
6.1 Vanadium(III) Oxide Classification by Type
6.1.1 <99%
6.1.2 99%
6.1.3 >99%
6.2 by Type, Global Vanadium(III) Oxide Market Size & CAGR, 2020 VS 2024 VS 2031
6.3 by Type, Global Vanadium(III) Oxide Revenue, 2020-2031
6.4 by Type, Global Vanadium(III) Oxide Sales Volume, 2020-2031
6.5 by Type, Global Vanadium(III) Oxide Price, 2020-2031

7 Sights by Physical Form
7.1 Vanadium(III) Oxide Classification by Physical Form
7.1.1 Powder Form
7.1.2 Granular Form
7.1.3 Agglomerated/Compacted Form
7.2 by Physical Form, Global Vanadium(III) Oxide Market Size & CAGR, 2020 VS 2024 VS 2031
7.3 by Physical Form, Global Vanadium(III) Oxide Revenue, 2020-2031
7.4 by Physical Form, Global Vanadium(III) Oxide Sales Volume, 2020-2031
7.5 by Physical Form, Global Vanadium(III) Oxide Price, 2020-2031

8 Sights by Production Route
8.1 Vanadium(III) Oxide Classification by Production Route
8.1.1 Thermal Reduction Method
8.1.2 Hydrogen Reduction Method
8.1.3 Carbon Reduction Method
8.1.4 Others
8.2 by Production Route, Global Vanadium(III) Oxide Market Size & CAGR, 2020 VS 2024 VS 2031
8.3 by Production Route, Global Vanadium(III) Oxide Revenue, 2020-2031
8.4 by Production Route, Global Vanadium(III) Oxide Sales Volume, 2020-2031
8.5 by Production Route, Global Vanadium(III) Oxide Price, 2020-2031

9 Sights by Application
9.1 Vanadium(III) Oxide Segment by Application
9.1.1 Alloy Steel & Ferrovanadium
9.1.2 Catalysts
9.1.3 Battery
9.1.4 Electronic
9.1.5 Ceramics
9.1.6 Others
9.2 by Application, Global Vanadium(III) Oxide Market Size & CAGR, 2020 VS 2024 VS 2031
9.3 by Application, Global Vanadium(III) Oxide Revenue, 2020-2031
9.4 by Application, Global Vanadium(III) Oxide Sales Volume, 2020-2031
9.5 by Application, Global Vanadium(III) Oxide Price, 2020-2031

10 Sales Sights by Region
10.1 By Region, Global Vanadium(III) Oxide Market Size, 2020 VS 2024 VS 2031
10.2 By Region, Global Vanadium(III) Oxide Revenue, 2020-2031
10.3 By Region, Global Vanadium(III) Oxide Sales Volume, 2020-2031
10.4 North America
10.4.1 North America Vanadium(III) Oxide Market Size & Forecasts, 2020-2031
10.4.2 By Country, North America Vanadium(III) Oxide Market Size Market Share
10.5 Europe
10.5.1 Europe Vanadium(III) Oxide Market Size & Forecasts, 2020-2031
10.5.2 By Country, Europe Vanadium(III) Oxide Market Size Market Share
10.6 Asia Pacific
10.6.1 Asia Pacific Vanadium(III) Oxide Market Size & Forecasts, 2020-2031
10.6.2 By Country/Region, Asia Pacific Vanadium(III) Oxide Market Size Market Share
10.7 South America
10.7.1 South AmericaVanadium(III) Oxide Market Size & Forecasts, 2020-2031
10.7.2 By Country, South America Vanadium(III) Oxide Market Size Market Share
10.8 Middle East & Africa

11 Sales Sights by Country Level
11.1 By Country, Global Vanadium(III) Oxide Market Size & CAGR，2020 VS 2024 VS 2031
11.2 By Country, Global Vanadium(III) Oxide Revenue, 2020-2031
11.3 By Country, Global Vanadium(III) Oxide Sales Volume, 2020-2031
11.4 United States
11.4.1 United States Vanadium(III) Oxide Market Size, 2020-2031
11.4.2 By Company, United States Vanadium(III) Oxide Sales Volume Market Share, 2024
11.4.3 by Type, United States Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.4.4 by Application, United States Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.5 Europe
11.5.1 Europe Vanadium(III) Oxide Market Size, 2020-2031
11.5.2 By Company, Europe Vanadium(III) Oxide Sales Volume Market Share, 2024
11.5.3 by Type, Europe Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.5.4 by Application, Europe Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.6 China
11.6.1 China Vanadium(III) Oxide Market Size, 2020-2031
11.6.2 By Company, China Vanadium(III) Oxide Sales Volume Market Share, 2024
11.6.3 by Type, China Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.6.4 by Application, China Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.7 Japan
11.7.1 Japan Vanadium(III) Oxide Market Size, 2020-2031
11.7.2 By Company, Japan Vanadium(III) Oxide Market Share, 2024
11.7.3 by Type, Japan Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.7.4 by Application, Japan Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.8 South Korea
11.8.1 South Korea Vanadium(III) Oxide Market Size, 2020-2031
11.8.2 By Company, South Korea Vanadium(III) Oxide Market Share, 2024
11.8.3 by Type, South Korea Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.8.4 by Application, South Korea Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.9 Southeast Asia
11.9.1 Southeast Asia Vanadium(III) Oxide Market Size, 2020-2031
11.9.2 By Company, Southeast Asia Vanadium(III) Oxide Market Share, 2024
11.9.3 by Type, Southeast Asia Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.9.4 by Application, Southeast Asia Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.10 India
11.10.1 India Vanadium(III) Oxide Market Size, 2020-2031
11.10.2 By Company, India Vanadium(III) Oxide Market Share, 2024
11.10.3 by Type, India Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.10.4 by Application, India Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.11 Middle East & Africa
11.11.1 Middle East & Africa Vanadium(III) Oxide Market Size, 2020-2031
11.11.2 By Company, Middle East & Africa Vanadium(III) Oxide Market Share, 2024
11.11.3 by Type, Middle East & Africa Vanadium(III) Oxide Market Size, Share, 2024 VS 2031
11.11.4 by Application, Middle East & Africa Vanadium(III) Oxide Market Size, Share, 2024 VS 2031

12 Manufacturers Profile
12.1 Bushveld Vanadium
12.1.1 Bushveld Vanadium Company Information, Head Office, Market Area, and Industry Position
12.1.2 Bushveld Vanadium Vanadium(III) Oxide Models, Specifications, and Application
12.1.3 Bushveld Vanadium Vanadium(III) Oxide Sales Volume, Revenue, Price and Gross Margin, 2020-2025
12.1.4 Bushveld Vanadium Company Profile and Main Business
12.1.5 Bushveld Vanadium Recent Developments
12.2 Treibacher Industrie AG
12.2.1 Treibacher Industrie AG Company Information, Head Office, Market Area, and Industry Position
12.2.2 Treibacher Industrie AG Vanadium(III) Oxide Models, Specifications, and Application
12.2.3 Treibacher Industrie AG Vanadium(III) Oxide Sales Volume, Revenue, Price and Gross Margin, 2020-2025
12.2.4 Treibacher Industrie AG Company Profile and Main Business
12.2.5 Treibacher Industrie AG Recent Developments
12.3 Largo Resources Ltd
12.3.1 Largo Resources Ltd Company Information, Head Office, Market Area, and Industry Position
12.3.2 Largo Resources Ltd Vanadium(III) Oxide Models, Specifications, and Application
12.3.3 Largo Resources Ltd Vanadium(III) Oxide Sales Volume, Revenue, Price and Gross Margin, 2020-2025
12.3.4 Largo Resources Ltd Company Profile and Main Business
12.3.5 Largo Resources Ltd Recent Developments
12.4 AMG Critical Materials
12.4.1 AMG Critical Materials Company Information, Head Office, Market Area, and Industry Position
12.4.2 AMG Critical Materials Vanadium(III) Oxide Models, Specifications, and Application
12.4.3 AMG Critical Materials Vanadium(III) Oxide Sales Volume, Revenue, Price and Gross Margin, 2020-2025
12.4.4 AMG Critical Materials Company Profile and Main Business
12.4.5 AMG Critical Materials Recent Developments

13 Conclusion

14 Appendix
14.1 Research Methodology
14.2 Data Source
14.2.1 Secondary Sources
14.2.2 Primary Sources
14.3 Market Estimation Model
14.4 Disclaimer

According to YH Research, the global market for Vanadium(III) Oxide should grow from US$ 111 million in 2024 to US$ 143 million by 2031, with a CAGR of 3.4% for the period of 2025-2031.

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Vanadium(III) Oxide

According to YH Research, the global market for Vanadium(III) Oxide should grow from US$ 111 million in 2024 to US$ 143 million by 2031, with a CAGR of 3.4% for the period of 2025-2031.

Unit: US$ M

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In-depth insight into market trends

Vanadium(III) oxide (V₂O₃) is an inorganic oxide of vanadium in which vanadium is in the +3 oxidation state. It typically appears as a matte-black crystalline powder with corundum-type structure; under standard conditions it is insoluble in water and stable as a solid, though it readily oxidizes in air to higher vanadium oxides. 
The Vanadium(III) oxide industry chain begins upstream with mining vanadium-bearing ores or recovering vanadium from slags, fly ash or spent catalysts, followed by midstream processing where vanadium ore or residues are leached, refined to higher oxides (V₂O₅) then reduced under hydrogen or CO to produce V₂O₃ powder, and optionally further processed into pellets, passivated material or precursor for ferrovanadium or metal, and ends downstream with metallurgical alloy producers, battery-materials manufacturers, chemical catalyst users, ceramic/glass/coating producers, and final consumers in steel, energy, automotive, aerospace, chemical and advanced-materials industries.

Current industry developments include expansion of ultra-pure vanadium oxide (including V₂O₃) production facilities particularly in regions investing in grid-scale energy storage — e.g., plants dedicated to producing vanadium electrolytes for redox flow batteries adjacent to oxide production sites — upgrades of existing oxide-reduction plants for higher throughput, recycling-oriented installations converting steel slags, fly ash and spent catalysts into vanadium oxides, new pilot-scale facilities focused on battery-material grade vanadium compounds, and joint ventures between mining firms and battery or alloy producers to build vertically integrated supply lines for vanadium oxides and downstream ferrovanadium / battery electrolytes. 
2024 Global Market sales Volume: 105,000 tons, Average Global Market Price: USD 998 per ton, Market Average Gross Profit Margin: 20%.

The global vanadium oxide market, which encompasses Vanadium(III) Oxide among other oxides. Traditional demand remains anchored in metallurgy: vanadium alloys and high-strength steels continue to consume the bulk of vanadium via ferrovanadium produced from oxides, owing to vanadium’s proven benefits for strength, toughness, and wear resistance. At the same time, new demand vectors are emerging — energy storage (notably vanadium redox flow batteries), specialty chemicals, ceramics/coatings, and advanced materials — which increasingly rely on high-quality vanadium oxides including Vanadium(III) Oxide. 
Regionally, the largest share of vanadium oxide consumption lies in Asia-Pacific, driven by expanding infrastructure, steel production, and energy-storage deployment. North America and Europe are also significant markets, especially for high-purity oxide grades serving battery manufacturers, aerospace, and specialty alloy producers. Emerging markets in Africa, Latin America, and the Middle East present mid-term potential especially if mining, refining, or recycling capacity expands.

Opportunities in the market stem from the global push for decarbonization, renewable energy storage, and electrification — vanadium-based batteries (including large-scale grid storage) promise long cycle life and scalability, driving demand for ultra-pure vanadium oxides. Additionally, growth in infrastructure and construction demands more high-strength rebar and alloyed steels, sustaining traditional oxide demand. Recycling of vanadium from slags, fly ash, and spent catalysts offers a sustainable supply path and potential cost advantage, especially as environmental regulations tighten and raw ore availability fluctuates.

However, risks remain: vanadium supply is concentrated geographically, often tied to a few ore producers, and extraction/processing are energy- and cost-intensive. Price volatility of vanadium (oxide and metal) can deter downstream users from long-term commitments. Alternative materials and battery chemistries (e.g., lithium-ion, sodium-ion, other redox flow battery chemistries) compete with vanadium-based solutions, which may limit demand growth. Also, the synthesis of high-purity Vanadium(III) Oxide is technically challenging, requiring controlled reduction and inert atmospheres; this raises capital and operating costs.

This report aims to provide a comprehensive study of the global market for Vanadium(III) Oxide. 
Report Highlights:
(1) Global Vanadium(III) Oxide market size (sales volume & revenue), history data from 2020-2025, and forecast data from 2026 to 2031.

(2) Global Vanadium(III) Oxide market competitive situation, sales, revenue, price, and market share, from 2020 to 2025.

(3) China Vanadium(III) Oxide market competitive situation, sales, revenue, price, and market share, from 2020 to 2025.

(4) Global Vanadium(III) Oxide segment by region (or country), key regions cover the United States, Europe, China, Japan, South Korea, Southeast Asia, and India, etc.

(5) Global Vanadium(III) Oxide segment by Type, and by Application, and regional segment by Type, and by Application.

(6) Global major production regions of Vanadium(III) Oxide, capacity, production and trends.

(7) Vanadium(III) Oxide industry supply chain, upstream, midstream, and downstream analysis.

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa
Market segment by Type, covers
    <99%
    99%
    >99%

Market segment by Physical Form, covers
    Powder Form
    Granular Form
    Agglomerated/Compacted Form

Market segment by Production Route, covers
    Thermal Reduction Method
    Hydrogen Reduction Method
    Carbon Reduction Method
    Others

Market segment by Application, can be divided into
    Alloy Steel & Ferrovanadium
    Catalysts
    Battery
    Electronic
    Ceramics
    Others

Market segment by players, this report covers
    Bushveld Vanadium
    Treibacher Industrie AG
    Largo Resources Ltd
    AMG Critical Materials