Global Niobium Pentoxide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Niobium Pentoxide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Niobium pentoxide is an inorganic compound with the molecular formula of Nb2O5. It is a colorless insoluble solid, which is quite inactive. It is the main precursor of all materials made of niobium and can be applied to niobium metal, optical glass and pottery.

Niobium pentoxide has many polymorphic forms, which are mainly based on octahedral coordinated niobium atoms. Polymorphs are identified with various prefixes. The most common form is monoclinic crystal H-Nb2O5, which has a complex structure and a unit cell containing 28 niobium atoms and 70 oxygen atoms, of which 27 niobium atoms are octahedral coordinated and one is tetrahedral coordinated. There is an unidentified solid hydrate, Nb2O5.nH2O, the so-called niobic acid (formerly called niobic acid), can be prepared by hydrolysis of niobium pentachloride or Nb2O5 alkaline solution dissolved in HF. The average coordination number of molten niobium pentoxide is lower than that of crystal form, and its structure mainly contains NbO5 and NbO6 polyhedrons.

Market Overview:

The latest research study on the global Niobium Pentoxide market finds that the global Niobium Pentoxide market reached a value of USD 585.3 million in 2022. It’s expected that the market will achieve USD 1387.74 million by 2028, exhibiting a CAGR of 15.48% during the forecast period.

High concentration of raw materials

The discovered niobium deposits are mainly distributed in Latin America and Africa, and most niobium resources are mainly concentrated in more than a dozen large-scale deposits in the world. Affected by the epidemic, transportation costs have increased or even been blocked, which has brought significant logistics challenges to enterprises that rely on imported raw materials. The procurement of raw materials was blocked, and the production of niobium pentoxide was also affected, which seriously hindered the development of niobium pentoxide industry. Therefore, the excessive concentration of raw materials is also one of the limiting factors for the development of the industry.

Growth Drivers

The continuous development of economy and industry
Niobium pentoxide is well-known, and the fundamental reason for the leap-forward development of its application scenarios lies in economic development and innovation in industrial technology. The explosive growth of industry user demand has greatly enriched the application scenarios of niobium pentoxide. On the one hand, the further improvement of raw materials and suppliers in the niobium pentoxide industry chain is conducive to the transformation and upgrading of the source end of the industry and the optimization of industrial processes; the improvement of quality to further meet the new needs of users, all of which are conducive to the further development of the industry. The promotion of all parties has made the application and development of niobium pentoxide strong. With the continuous development of the global economy, breakthroughs in industrial technology and industrial innovation, the progress of niobium pentoxide manufacturing enterprises has been continuously promoted.

Market Challenges

When Niobium Pentoxide participates in most chemical reactions, the conditions are harsh.
Niobium Pentoxide is the most common and stable niobium compound. Therefore, it is difficult to achieve the chemistry usually needed when using niobium pentoxide as raw material for redox reaction. For example, niobium pentoxide is mostly used in industry to reduce metal niobium. In addition to the large demand for industrial metal niobium, industrial production equipment can meet the conditions required by the chemical reaction process of reducing niobium pentoxide to metal niobium.

Region Overview:

In 2022, the share of the Niobium Pentoxide market in Latin America stood at 41.3%.

Company Overview:

CBMM is one of the major players operating in the Niobium Pentoxide market, holding a share of 48.28% in 2022.

CBMM

CBMM is a Brazilian company that specializes in the processing and technology of niobium, extracted from its pyrochlore mine near the city of Araxá, in the Brazilian state of Minas Gerais. The company was founded in 1955. They have become the global leader in the production and commercialization of Niobium products, serving more than 400 customers in over 40 countries.

Ximei Group

Ximei Group is a Hong Kong listed company with the code of HK$ 9936. Ximei Group's main business in Chinese mainland is Ximei Resources (Guangdong) Co., Ltd. (formerly Guangdong Zhiyuan New Materials Co., Ltd.). Ximei Group obtained 1 s09001 and ISO14001 certification for the first time in 2012 and 2013 respectively. Ximei Group is committed to becoming the world's leading manufacturer of tantalum and niobium, providing professional and high-quality solutions for customers in aerospace, automobile, electronics, national defense, medical treatment and superalloy industries.

Segmentation Overview:

By type, Industrial Grade Niobium Pentoxide segment accounted for the largest share of market in 2022.

Industrial Grade Niobium Pentoxide

Industrial grade Niobium pentoxide means that Niobium pentoxide is mainly used in industrial production because of its strong acid surface and high stability in various acid catalysis in aqueous medium. It is mainly used in niobium metal, optical glass and pottery. The metallurgical industry has always been Niobium pentoxide’s largest consumer industry. In addition, Niobium pentoxide is also widely used in piezoelectric ceramics, thermal ceramics, electrothermal ceramics, electromagnets, optical waveguides, electronic crystals and other electronic materials. With the increasing proportion of high-tech industries in economic development, the demand for Niobium Pentoxide will also increase; it not only continues to grow in the traditional metallurgy and material industries, but also in the electronics industry.

3N Niobium Pentoxide

3N Niobium Pentoxide refers to Niobium Pentoxide molecules with 3 degrees of freedom of rotation.

4N Niobium Pentoxide

4N Niobium Pentoxide refers to Niobium Pentoxide molecules with 4 degrees of freedom of rotation.

Application Overview:

By application, the Niobium Metal segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Niobium Pentoxide market covered in Chapter 3:

JX Nippon Mining and Metals Corporation
AMG
Ningxia Orient Tantalum Industry Co
Guangdong Lingguang New Material Co
Materion
CBMM
Ximei Group
Solikamsk Magnesium Works
F&X Electro-Materials Limited
Jiujiang ZhongAo Tantalum and Niobium Co.,Ltd
MPIL
KING-TAN Tantalum
Taki Chemical
Mitsui Kinzoku

In Chapter 4 and Chapter 14.2, on the basis of types, the Niobium Pentoxide market from 2018 to 2029 is primarily split into:

Industrial Grade Niobium Pentoxide
3N Niobium Pentoxide
4N Niobium Pentoxide

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Niobium Pentoxide market from 2018 to 2029 covers:

Niobium Metal
Optical Glass
Ceramic

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)