Niobium Market Growth, Trends, Analysis and Forecast

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Niobium Market Share, Size, Global Insights, Emerging
Trends, Growth Drivers and Future Outlook: Market Reports
Technavio Announces the Publication of its Research Report – Global Niobium Market 2016-2020
Technavio recognizes the following companies as the key players in the global niobium market:
Advanced Metallurgical Group, Anglo American, CBMM, Magris Resources, and Global Advanced Metals.
Commenting on the report, an analyst from Technavio’ s team said: “A trend helping to boost market
growth is the advancement of high-performance electroceramics. The growth of ultra-high-purity
niobium in particular grain sizes and tight distributions is escalating the development of highperformance electroceramics. The electronics market has experienced significant changes in the past
few decades. The need for compact, high-performance electroceramics has elevated due to the growth
and commercialization of new technologies such as computers, mobile devices, and the Internet.”
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According to the report, a key growth driver is the extensive use of niobium in steel production.
Globally, the steel industry consumes a considerable amount of niobium. Niobium increases the
toughness, strength, and weldability of steel products. Among flat steel products, it is used in the
production of hot-rolled and cold-rolled steel strips and high-strength steel plates. Among long steel
products, it is used for strengthening wire rods, reinforcing bars, structural sections, and rail steels.
Therefore, the steel market has a significant impact on the demand for niobium.
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Further, the report states that one challenge that could severely hamper market growth is the
availability of alternatives for niobium.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors
About the Niobium Market
Niobium is a refractory metal that is valued for its unique chemical properties, including extraordinary
resistance to heat and wear and inertness. It has a high melting point of 4,474.4°F and a boiling point of
8,900.6°F. It is used as an alloying element in steel production in the form of ferroniobium (Fe-Nb).
Technavio’ s analysts forecast the global niobium market to grow at a CAGR of 7.5% during the period
Covered in this report
The report covers the present scenario and the growth prospects of the global niobium market for 20162020.
The market is divided into the following segments based on geography:
• Americas
• Europe
Technavio's report, Global Niobium Market 2016-2020, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the key vendors operating in
this market.
Key vendors
• Advanced Metallurgical Group
• Anglo American
• Magris Resources
• Global Advanced Metals
Market driver
• Extensive use of niobium in steel production
• For a full, detailed list, view our report
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Market challenge
• Availability of alternatives for niobium
• For a full, detailed list, view our report
Market trend
• Advancement of high-performance electroceramics
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Table of Content
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by source
• Global niobium market by source
• Global pyrochlore market for niobium
• Global columbite market for niobium
• Global market for other niobium sources
PART 07: Market segmentation by end products
• Global niobium market by end products
PART 08: Market segmentation by end markets
• Global niobium market by end markets
• Global niobium consumption in HSLA steel market
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• Global niobium consumption in other end markets
PART 09: Market segmentation by geography
• Global niobium market by geography
• Niobium market in APAC
• Niobium market in Americas
• Niobium market in Europe
• Niobium market in ROW
PART 10: Market drivers
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According to the report, a key growth driver is the extensive use of niobium in steel production. Globally, the steel industry consumes a considerable amount of niobium.