Vanadium Recycling Market Size, Latest Trends, Growth Drivers, and Forecast
Market Overview The Vanadium Recycling Market is emerging as a critical segment within the broader specialty metals and circular economy landscape. Vanadium, widely used in high-strength steel alloys and increasingly in vanadium redox flow batteries (VRFBs), plays a strategic role in infrastructure, energy storage, and aerospace applications. As primary vanadium production remains geographically concentrated and often subject to price volatility, recycling has become an essential pathway to secure supply, reduce environmental impact, and optimize resource efficiency. The global Vanadium Recycling market size is predicted to grow from US$ 117 million in 2025 to US$ 215 million in 2031; it is expected to grow at a CAGR of 10.6% from 2025 to 2031. Recycled vanadium is typically recovered from steel slags, spent catalysts from oil refineries, fly ash, and increasingly from used vanadium-based batteries. The market is gaining momentum as governments and industries emphasize sus...