Niobium Market

Niobium - Global Market Outlook (2018-2027)

4.1 (41 reviews)
Published: May 2020 ID: SMRC19126
4.1 (41 reviews)
Published: May 2020 ID: SMRC19126

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Niobium Market is accounted for 11,434.31 metric tons in 2018 and is expected to reach 25,878.39 metric ton by 2027 growing at a CAGR of 9.5% during the forecast period. Growing usage in automotive industry, and extensive accelerating usage in structural steels are the major factors propelling the market growth. However, factors such as insufficient supply of niobium, and impact of COVID-19 pandemic are hampering the market growth.

Niobium metal originates from volcanic rocks in various places around the world. It is a rare element obtained from tantalite and pyrochlore mineral ores. The demand in the automotive, construction, and aerospace sectors is anticipated to drive this market over the forecast period. The advancement in the niobium market was the development of high-performance electro ceramics. Ultra-high-purity in the sizes of grain and rigid distribution channels are predicted to fuel the demand for niobium over the forecast period. This can be also used in steel as ferroniobium for the production of high strength, and low alloy steel for automotive, construction and pipeline industries. Niobium is also used in certain type of stainless steels. Addition of niobium in steel make it stronger so that less steel is required, thereby reducing the overall cost of construction. Therefore niobium is increasingly used in steel and growth of the steel industry will play a crucial role in driving the growth of the niobium market. The commercialization of new technologies such as mobile devices, computers, and the internet has led to the expansion of the niobium market, besides the use of compounds and oxides in electro ceramics applications.

Based on the end user, the construction segment is going to have a lucrative growth during the forecast period owing to the rising standard of living, increasing urbanization, and the growth of the repair construction industry (due to replacement of old infrastructures).

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increasing demand for HSLA steel in the construction industry. China, Japan, South Korea, and India are leading countries using ferroniobium for the production of HSLA steel. Growing investments in the non-residential sector and infrastructural activities are anticipated to drive the construction industry in this region. Moreover, China is likely to be dominant over the forecast period.

Some of the key players profiled in the Niobium Market include Alkane Resources Ltd, Anglo American, CBMM, Corevale Limited, Global Advanced Metals, Grandview Materials, Molycorp, NIOBEC (Magris Resources Company), NioCorp Developments Ltd, Taseko Mines Ltd, and Titanex GmbH.
Occurrences Covered:
• Carbonatites and Associates
• Columbite-Tantalite

Products Covered:
• Structure Steels
• Automotive Steel
• Pipeline Steels
• Stainless Steels
• High Strength, Low Alloy steels (HSLA)  

Types Covered:
• Ferroniobium
• Niobium Oxide
• Niobium Metal
• Vacuum Grade Niobium Alloys

Sources Covered:
• Pyrochlore
• Columbite

Applications Covered:
• Steel
• Super Alloys
• Superconducting Magnets
• Capacitors
• Glass

End Users Covered:
• Construction
• Automotive
• Aerospace and Defence
• Oil and Gas
• Chemical

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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