Niobium is a shiny grey, ductile metal with a chemical symbol Nb and an atomic number 41. It belongs to group 5 and period 4 in the periodic table. Like tantalum, it is one of the refractory metals. It is valued for its unique chemical properties, including its heat and wear resistance and inert nature. It has a high melting point of 4,474 °F and a boiling point of 2,719°F. It is mainly added as an alloying element in the form of ferroniobium (FeNb) to steel.
Technavio’s analysts forecast the global niobium market to grow at a CAGR of 7.66% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global niobium market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • Europe • MEA
Technavio’s report, Global Niobium Market 2017-2021, 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 • CBMM • Magris Resources • Global Advanced Metals
Other prominent vendors • Admat • Alkane Resources • Changsha South Tantalum Niobium • Dneprovsky Special Tubes Plant • Grandview Materials • Taseko • TITAN Metal Fabricators
Market driver • Increase in steel production • For a full, detailed list, view our report
Market challenge • Difficulties in niobium processing • For a full, detailed list, view our report
Market trend • Growing market of niobium superalloys for land-based turbines • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 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?
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