A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Niobium
Market. The
study, titled “Niobium
Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Niobium
metal originates from volcanic rocks in various places around the
world. It is a rare element obtained from tantalite and pyrochlore
mineral ores. The rising demand for steel in emerging regions and for
niobium in the automotive, construction, and aerospace sectors is
anticipated to drive this market over the forecast period. A recent
advancement in the niobium market was the development of
high-performance electro ceramics. Ultra-high-purity in the sizes of
grain and rigid distribution channels are predicted to fuel the
demand for niobium over the forecast period. The commercialization of
new technologies such as mobile devices, computers, and the internet
has led to the expansion of the niobium market, besides the use of
compounds and oxides in electro ceramics applications. The
insufficient supply of niobium is projected to act as a restraint for
the market over the forecast period.
View
Report Preview:
Niobium
is used in steel as ferroniobium for the production of high strength,
and low alloy steel for automotive, construction and pipeline
industries. Niobium is also used in certain type of stainless steels.
Addition of niobium in steel make it stronger so that less steel is
required, thereby reducing the overall cost of construction.
Therefore niobium is increasingly used in steel and growth of the
steel industry will play a crucial role in driving the growth of the
niobium market.
However
limited supply of niobium will cause restrictions in the growth of
the market.
The
niobium market is classified by source into the pyrochlore and
columbite segments. The former accounted for a major market share in
2016 which is anticipated to increase significantly over the next few
years. Pyrochlore is a chief component from which niobium is derived.
It is obtained exclusively for its rich niobium content. Pyrochlores
are important class of materials from the point of view of diverse
technological applications like in luminescence, ionic conductivity,
nuclear waste immobilization etc. The process of extracting niobium
involves a physical processing technique resulting in the
concentration of niobium oxide, further processed into different
kinds of end-products. Based on product type, the niobium market is
segregated into the following categories: Nb chemicals, HSLA
ferroniobium, niobium alloys, niobium metals, and vacuum grade FeNb.
HSLA ferroniobium constituted the dominant market share in 2016 and
is estimated to retain its position over the forecast period. It is
used in the manufacturing of HSLA stainless steel and steel.
In
terms of geography, the niobium market is distributed over North
America, Europe, Asia Pacific, Middle East & Africa, and Latin
America. Asia Pacific held a dominant share in the market in 2016 and
is predicted to maintain its position during the forecast period,
occupying almost 50% of the global niobium market. Rising demand for
HSLA steel in the flourishing construction industry is expected to
propel the niobium market in this region. China, Japan, South Korea,
and India are leading countries using ferroniobium for the production
of HSLA steel. Growing investments in the non-residential sector and
infrastructural activities are anticipated to drive the construction
industry in this region. China is likely to be dominant over the
forecast period. Latin America is predicted to expand rapidly due to
its widespread niobium production capacity, led by Brazil. North
America accounted for a considerable market share in 2016 due to the
development of the automotive and aerospace sectors. The U.S. is a
prominent market for niobium and projected to be the leading country
during the forecast period.
Key
companies operating in the niobium market include Anglo American,
Global Advanced Metals, CBMM, Advanced Metallurgical, and Magris
Resources. Other players include SDMS, Molycorp, Alkane Resources
Ltd., Grandview Materials Inc., Corevale Limited, NioCorp
Developments Ltd., Taseko Mines Ltd., and Titanex GmbH.
Request
to view Sample Report:
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
No comments:
Post a Comment