Niobium Market, By Type (Ferro Niobium, Niobium Oxide, Niobium Metal, and Vacuum Grade Niobium Alloys), By Occurrence (Carbonatites and Associates and Columbite-Tantalite), By Application (Steel, Super Alloys, Superconducting Magnets, Capacitors, Glass, and Other Applications), By End- User Industry (Construction, Automotive, Aerospace and Defense, Oil and Gas, and Other End-user Industries), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI405520 | Publish Date: May 2023 | No. of Pages: 168

Global Niobium Market By Type Overview

Niobium Market accounted for 126.34 kilo ton in 2020 which is estimated to be 194.95 kiloton by 2030 and is anticipated to register a CAGR of 4.50%.

Niobium is one of the most necessary and important metals. Niobium, a ductile, soft grey, ductile transition metal, is used as a micro-alloying element. Over 80% of the niobium manufactured is used as a micro-alloying element in steel and the element is used in small amounts in steel production, which accounts for only about one in every 10,000 atoms in steel. The resulting booming infrastructure activities in the oil and gas pipeline industry, automotive industry, and construction improvements the demand for niobium is increasing in the region.

Global Niobium Market By Type Drivers & Restraints

Higher steel strength use for the stronger construction projects will drive the growth of the Market

The niobium is the higher steel strength use for the stronger construction projects for more efficient and safe construction which is the major propelling factor for the growth of the global market. Additionally, the uses of niobium increase because of its lightweight property and designed used for the manufacturing of the automobiles which is another driving factor for the growth of the target market. For instance, usage of about 300 grams of niobium in steel for a medium-size passenger car decreases the weight of the vehicle by approximately 200 kg, in turn, enhance the fuel economy of the vehicle (1 litre per 200 km) and decrease exhaust emissions. Moreover, the usage of niobium market increases in the aerospace application is the boosting factor for the growth of the global market. However, the supply of the niobium has limited source is the major restraining factor for the growth of the target market. Nevertheless, increasing use of the niobium in the oil and gas pipeline industry for producing the larger diameter pipe can create an opportunity for the growth of the global market.

Global Niobium Market By Type Segmentations & Regional Insights

The global niobium market is segmented based on type, occurrence, application, end-user industry, and region.

Based on type, the global niobium market is segmented into the Ferro niobium, niobium oxide, niobium metal, and vacuum grade niobium alloys. Based on the occurrence, the target market is segmented into carbonatites and associates and columbite-tantalite. Based on application, the global market is classified into steel, superalloys, superconducting magnets, capacitors, glass, and other applications. Based on end-user industry, the target market is bifurcated into construction, automotive, aerospace and defence, oil and gas, and other end-user industries. Construction is the dominating factor in the niobium market due to a rise in construction of building infrastructure in the developing countries.

Regional Insights:

Based on the region the global niobium market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region is the dominating region for the niobium market due to more use of niobium in the country such as China, India and others for the development of the infrastructure in the developing countries. According to the consumption rate, the Asia- Pacific region is followed by Europe and then followed by the North America region.

Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Type- Ferro Niobium, Niobium Oxide, Niobium Metal, and Vacuum Grade Niobium Alloys

By Occurrence– Carbonatites and Associates and Columbite-Tantalite

By Application– Steel, Super Alloys, Superconducting Magnets, Capacitors, Glass, and Other Applications

By End-User– Construction, Automotive, Aerospace and Defense, Oil and Gas, and Other End-user Industries

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global niobium Market report based on type, occurrence, application, end-user and region.

Niobium Market, By Region:

  • North America
    • Middle East & Africa
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • Europe
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
    • U.S.
    • Canada

Global Niobium Market By Type Competitive Landscape & Key Players

The key players operating the global niobium market involves Admat Inc., Alkane Resources Ltd., CBMM, China Molybdenum Co. Ltd., Changsha South Tantalum Niobium Co. Ltd., Dneprovsky Special Tubes Plant LLC., Grandview Materials, NIOBEC (MAGRIS RESOURCES INC.), NioCorp Developments Ltd., and Shaanxi Getwick Nonferrous Metals Co. Ltd. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the types to gain a competitive edge in the target market. For instance, in 2018, Toshiba Corporation, Sojitz Corporation, and Companhia Brasileira de, Metalurgia- e- Mineracao signed a deal with CBMM for the development of anode material for lithium-ion batteries using niobium-titanium oxide (NTO).

Global Niobium Market By Type Company Profile

  • Admat Inc.
  • Alkane Resources Ltd.
  • CBMM
  • China Molybdenum Co. Ltd.
  • Changsha South Tantalum Niobium Co. Ltd.
  • Grandview Materials
  • NIOBEC (MAGRIS RESOURCES INC.)
  • NioCorp Developments Ltd.
  • Shaanxi Getwick Nonferrous Metals Co. Ltd.

FAQs

Global Niobium Market is segmented based on type, occurrence, application, end-user and region.

Higher steel strength use for the stronger construction projects is major factor driving the market.

During the forecast period, Asia-Pacific is expected to dominate the market.

The key players operating the global niobium market involves Admat Inc., Alkane Resources Ltd., CBMM, China Molybdenum Co. Ltd., Changsha South Tantalum Niobium Co. Ltd., Dneprovsky Special Tubes Plant LLC., Grandview Materials, NIOBEC (MAGRIS RESOURCES INC.), NioCorp Developments Ltd., and Shaanxi Getwick Nonferrous Metals Co. Ltd.