Ammonium Metavanadate Market Demand $85mn by 2025

According to a new research report by Global Market Insights, Inc., Ammonium Metavanadate Market size is poised to surpass USD 85 million by 2025.  Ammonium metavanadate refers to a pale yellow to white crystalline substance which primarily finds use as a lab reagent or to produce catalysts for chemical synthesis. It is water-soluble, denser than water and toxic to the skin. This product finds widespread use as a substrate in the manufacture of manganese & silver vanadate and vanadium oxide.

Global ammonium metavanadate granules market witnessed a consumption of over 670 tons in 2018. Growing requirements for catalysts which reduce industrial manufacturing costs and emissions should fuel the requirement for ammonium metavanadate granules. These granules are efficient & mild catalysts pertaining to their cost effectiveness, acidic properties, water solubility and ability to work at room temperature which ensures sustainable energy usage.