Niobium Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Niobium is a light grey, crystalline metal. Niobium can be found in the earth crust and as well as in minerals like pyrochlore and columbite. Niobium is used in high strength low alloy steels to provide surface hardness and wear resistance. At cryogenic temperature, niobium transforms into a superconductor. Niobium is widely used for the production of alloys, superconducting magnets, mobile telephones, optical modulators, surface acoustic wave devices, glasses, and others. Due to its excellent mechanical properties, niobium is also applied for gas pipelines, car and truck bodies, ships hulls, railroad tracks, amongst others. Industries such as construction, aerospace and defense, oil and gas, etc. have various applications for niobium.

MARKET DYNAMICS

The growing demand for the lightweight vehicle and extensive utilization of niobium by the automotive industry will drive the demand growth for the niobium market. Additionally, the growing usage for production of high-performance electroceramics will further propel the growth for the niobium market. Predominantly, the limited supply of niobium may hinder the growth for the niobium market. However, growing demand for niobium for construction and pipeline industry will create the opportunity for the niobium market.

MARKET SCOPE

The "Niobium Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the niobium market with detailed market segmentation by occurrence, type, application, end-user industry and region. The niobium market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading niobium market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The niobium market is segmented on the basis of occurrence, type, application, end-user industry. On the basis of occurrence, the niobium market is segmented into, carbonatites and associates, columbite-tantalite. On the basis of type, the niobium market is segmented into, ferroniobium, niobium oxide, niobium metal, vacuum grade niobium alloys. On the basis of application, the niobium market is segmented into, steel, super alloys, superconducting magnets, capacitors, glass, others. On the basis of end-user industry, the niobium market is segmented into, construction, automotive, aerospace and defense, oil and gas, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the niobium market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The niobium market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the niobium market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the niobium market in these regions.

MARKET PLAYERS

The reports cover key developments in the niobium market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from niobium market are anticipated to lucrative growth opportunities in the future with the rising demand for niobium in the global market. Below mentioned is the list of few companies engaged in the niobium market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the niobium market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Admat Inc.
• Alkane Resources Ltd
• CBMM
• Changsha South Tantalum Niobium Co. Ltd
• CMOC INTERNATIONAL
• Grandview Materials
• NIOBEC (Magris Resources Company)
• NioCorp Developments Ltd
• Shaanxi Getwick Nonferrous Metals Co. Ltd
• Titanex GmbH

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Niobium Report Scope