Ferro Vanadium Market size is forecast to reach around $3.8 billion by 2025, after growing at a CAGR of 5% during 2020-2025. Ferro Vanadium is a universal hardener, strengthener, and anti-corrosive additive, formed by the combination of iron and vanadium. Ferro vanadium is used in the manufacturing of rail steels, die steels, and heat resisting tool. Thus, the growing transportation sector and strong demand of ferrovanadium for manufacturing axles, body frames and crankshafts are likely to boost the growth of the Ferro Vanadium marke t size during the forecast period. Whereas, the growing building and construction sector in emerging nations like China and India is also increasing the demand of ferrovanadium for concrete reinforcing bars, thus, further boosts the growth of this market. Additionally, the use of ferrovanadium in oil and gas pipelines also aid the growth of the market owing to the growing city gas distribution plants globally. Report Coverage The report: “Ferro Vanad...