Chemicals

The growing application of  ammonium metavanadate  in the production of vanadium, which is widely utilised in the alloy sector, is driving the market. The increasing use of inorganic compounds in the steel sector is growing the market. Growing applicability in illicit drug testing is also improving market prospects. The molecule is widely utilised in drug testing for cocaine, marijuana, amphetamines, and opiates. The rapid increase in demand for construction materials has also boosted its prospects. The chemical industry's use of ammonium metavanadate is also strengthening the market. Chemical businesses have become more conscious of the appropriate storage and handling systems or technologies over the years, as heating the inorganic component releases ammonia, and overexposure is related with health concerns. Region Analysis: The Asia Pacific ammonium metavanadate market is expected to increase significantly due to rising production and consumption in China. Growing demand for new