The global Niobium market was valued at 1405.81 Million USD in 2021 and will grow with a CAGR of 3.3% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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.Niobium is a rare, soft, malleable, ductile, gray-white metal. The types of Niobium mainly include Ferroniobium, Niobium oxide and Niobium metal. Ferroniobium accounts for about 93% in the Niobium market in 2015. And Niobium Oxide accounts for about 4%. The applications of Niobium are automotive steel, pipeline steels, structure steels, stainless steels and other. The largest application of Niobium is structure steels, its sales is about 19000 MT in 2015 and account for 34% in the total Niobium market. In the world wide, the plants of major manufactures mainly distribute in Brazil and Canada. The plants of CBMM and Anglo American are located in Brazil. The plant of Niobec is located in Canada. CBMM is the largest producer of Niobium in the world. Its sales volume is about 43811 MT in 2015 and accounts for about 80% in the total market. The sales volume of Niobec is about 5845 MT in 2015.The sales volume of Anglo American is about 5123 MT in 2015. Europe is the largest consumer of Niobium. In 2015, the consumption of Niobium is about 16628 MT in Europe; its proportion of total global consumption exceeds 30%. China is the second largest consumer of Niobium and its consumption is about 14846 MT. China has witnessed a major chunk of the consumption of Niobium in the Asia region. Because the major plants are located in Brazil and Canada, the production of Niobium mainly comes from Brazil and Canada. The global production of Niobium is about 55000 MT in 2015. Brazil`s production accounts for 88% of global production. The production in Canada is 6000 MT in 2015 and its proportion is 10%.

By Market Verdors:

CMBB

Niobec

Anglo American

By Types:

Ferroniobium

Niobium Oxide

Niobium Metal

By Applications:

Structure Steels

Automotive Steel

Pipeline Steels

Stainless Steels

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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