The report describes the development of the industry by overall Challenging & Sub sequential industry development, key companies, as well as type segment & market application and so on, and makes an authentic Forecast for the development industry prospects on the basis of analysis. finally, Global Niobium Market analyses opportunities for investment in the industry at the end of the report.
Global Niobium market report sales, import, export and revenue figures are also developing in the forecast period to 2023. The key players and brands are making their moves by product launches, researches, their joint ventures, merges, and accusations and are getting successful results.
Global Niobium Market Report gives strategists, advertisers and senior administration with the basic data they have to evaluate the Global Global Niobium Market. Alongside deliberately breaking down the key small scale Market, the report likewise centres around industry-particular drivers, restrictions, openings and difficulties in the Global Niobium market. This examination report offers top to bottom investigation of the market measure (income), piece of the overall industry, real market portions, and diverse geographic locales, gauge for the following five years, key market players, and premium industry patterns. It likewise centres around the key drivers, restrictions, openings and difficulties.
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The Niobium Market is expected to expand at a healthy CAGR of over 6.88% during 2018-2023 (the forecast period). Niobium, a rare-earth element, is used mostly in the form of ferroniobium by the steel industry. It is employed as niobium alloys and metal by the aerospace industry.
Accelerating Usage in Structural Steels
Niobium, when added to steel, increases strength and durability. This makes the present day structural or construction projects more efficient and safer than ever. In addition, lean structures ensure fast construction and less operational costs, which, in turn, makes niobium the best option to be employed in infrastructural projects, such as artistic buildings, bridges, and airports. Moreover, utilizing advanced niobium technology reduces raw material consumption, such as conventional steels and concrete, which, in turn, makes such structures eco-friendly.
Aerospace and Defense – the Fastest Growing Segments based on Usage
The amount of niobium used in the aerospace industry is expected to reach a volume of 18,000.34 metric ton by 2023, registering a CAGR of about 7.57% over the forecast period. Niobium is likely to be used majorly in the aerospace and defense industries as a super alloy, to offer creep strength. Major end-use distribution of reported niobium consumption is as follows: steels, about 76%, super alloys as 24% followed by superconducting magnets, capacitors and glass.
Regional Players in the Niobium Market
The biggest demand for niobium comes from North America, Europe, and countries, like China. China is home to the worldâ€s fastest-growing market for niobium, which is reflected in the size of its steel industry and the rapid rate of expansion in output over the recent years. Currently, different companies are aiming to produce niobium in Australia, with current and new mining areas and projects that are undergoing continuous exploration and feasibility tests.
Notable Developments in Market
March 2018: World’s leading supplier of niobium, CBMM funded research into key steel alloying element in SAARLAND University and Steinbeis Material Engineering Center Saarland (MECS) using their 3D analytical techniques.April 2016: Anglo American sold niobium and phosphates businesses to China Molybdenum for USD 1.5 billion.
Major Players: CBMM, Niobec Mines, Baoji Honest Metal Materials, Zhuzhou Orient Kylin Special Metal Materials, and Shaanxi Getwick Nonferrous Metals, among others.
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The impact of end-user applications on the marketVarious perspectives of the market with the help of Porterâ€s five forces analysisCountries expected to witness the fastest growth rates during the forecast periodThe latest developments, market shares, and strategies that are employed by the major market players3 months analyst support, along with the Market Estimate sheet (in Excel)
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Global Niobium Market Forecast 2018-2023
The Global Niobium industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Global Niobium production, supply, sales and market status.
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