Analyzing the consumption of ferrovanadium in carbon manufacturing in the US from 2015 to 2019 shows a consistent downward trend, with the volume decreasing from 562.67 metric tons in 2015 to 247.56 metric tons in 2019. This represents a compound annual growth rate (CAGR) of approximately -18.2%. As of 2023, the consumption stood at 247.56 metric tons, consistent with 2019 due to limited newer data. Over the last two years, the trend has stabilized slightly but remains at lower levels compared to 2015.

Future trends to watch for include:

Potential policy changes impacting the steel and carbon manufacturing sectors.
Technological advancements that could influence the demand for ferrovanadium.
Global market fluctuations and the raw material supply chain, influencing US demand.