DUBLIN--(BUSINESS WIRE)--The "Global Niobium Market Segmented by Application, Occurrence, End-User Industry and Geography Trends and Forecasts 2017 - 2022" report has been added to Research and Markets' offering.
The global niobium market was valued at 90,149.6 metric tons in 2015, and is set to grow at a CAGR of 6.89%, during the forecast period 2016-2021. The forecast from IMF is that the growth rate of the global economy is going to be 3.8% for the year 2015. Although, the Chinese economy has shown signs of slowdown, the combined demand, along with that of Europe and US, is substantial for niobium. Moreover, further demand for niobium is expected to come from emerging countries.
Increasing demand for steel in emerging nations is expected to drive the niobium market. Niobium is primarily used in alloys, with special steel being the largest segment (used in large constructions and gas pipelines). Brazil produces most of the worlds total niobium (almost 90%), followed by Canada and Australia. CBMM, the biggest player in the market, increased the output capacity to150, 000 tons per annum (TPA) in 2015. The Anglo American group is another producer of this precious metal.
Niobium metal is found in volcanic rocks in multiple places around the world. It is obtained from pyrochlore and tantalite mineral ores, and sometimes as an associated metal from mining of other metals.
- ADMAT Inc.
- Alkane Resources Ltd.
- Anglo American plc
- Baoji Honest Metal Materials Co. Ltd.
- Changsha South Tantalum Niobium Co. Ltd.
- Companhia Brasileira De Metalurgia e Minercao (CBMM)
- Corevale Ltd.
- Dneprovsky Special Tubes Plant LLC
- Grandview Materials Inc.
- Molycorp Inc.
- Niobec (Magris Resources Inc.)
- NioCorp. Developments Ltd.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/xzr633/global_niobium