Global Niobium Market Growth 2023-2029

Global Niobium Market Growth 2023-2029

Niobium is a chemical element with symbol Nb and atomic number 41. Niobium is a rare, soft, malleable, ductile, gray-white metal. It has a body-centered cubic crystalline structure and in its physical and chemical properties it resembles tantalum. It must be placed in a protective atmosphere when processed at even moderate temperatures because it tends to react with oxygen, carbon, the halogens, nitrogen, and sulfur. The metal is inert to acids, even to aqua regia at room temperatures, but is attacked by hot, concentrated acids, and expecially by alkalis and oxidizing agents.

LPI (LP Information)' newest research report, the “Niobium Industry Forecast” looks at past sales and reviews total world Niobium sales in 2022, providing a comprehensive analysis by region and market sector of projected Niobium sales for 2023 through 2029. With Niobium sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Niobium industry.

This Insight Report provides a comprehensive analysis of the global Niobium landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Niobium portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Niobium market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Niobium and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Niobium.

The global Niobium market size is projected to grow from US$ 1452.7 million in 2022 to US$ 1877.8 million in 2029; it is expected to grow at a CAGR of 1877.8 from 2023 to 2029.

Global Niobium key players include CBMM, Niobec, etc. Global top two manufacturers hold a share over 85%.

Brazil is the largest market, with a share over 85%, followed by Canada, with a share over 10 percent.

In terms of product, Crystal Oscillators is the largest segment, with a share over 85%. And in terms of application, the largest application is Structure Steels, followed by Pipeline Steels, Automotive Steel, Stainless Steels, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Niobium market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Ferroniobium

Niobium Oxide

Niobium Metal

Segmentation by application

Structure Steels

Automotive Steel

Pipeline Steels

Stainless Steels

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

CMBB

Niobec

Anglo American

Key Questions Addressed in this Report

What is the 10-year outlook for the global Niobium market?

What factors are driving Niobium market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Niobium market opportunities vary by end market size?

How does Niobium break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.