DUBLIN--(BUSINESS WIRE)--The "Global Niobium Market - Segmentation by Type, Occurrence, Application, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Niobium Market is expected to expand at a healthy CAGR of over 6.88% during 2018-2023.
Niobium, when added to steel, increases strength and durability. This makes the present day structural or construction projects more efficient and safer than ever.
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.
The biggest demand for niobium comes from North America, Europe, and countries, like China. China is home to the world'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.
- 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
- Corevale Ltd.
- Dneprovsky Special Tubes Plant LLC
- Global Advanced Metals
- Grandview Materials Inc.
- Molycorp Inc.
- NioCorp. Developments Ltd.
- SDMS S.A.nxi Elade New Material Technology Co. Ltd.
- Taseko Mines Ltd.
- Titan Metal Fabricators
- Titanex GmbH
- Zhuzhou Orient Kylin Special Metal Materials Co. Ltd.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/2jzswh/global_niobium?w=4