Global Niobium Market Segmented by Application, Occurrence, End-User Industry and Geography Trends and Forecasts (2016-2021)
The global demand for niobium is expected to grow at a compound annual growth rate of 7% from 2016 to 2021. The increasing demand for steel from emerging nations is expected to drive the niobium market. Niobium is used mainly in alloys, with special steel being the largest section such as that used in gas pipelines. Brazil produces most of the world’s total Niobium (almost 90%), followed by Canada and Australia. CBMM, the biggest player in the market, planned to increase capacity from 90,000 tpa to max capacity of 150,000 tpa by 2015; the two other major producers Iamgold and Anglo combined have a maximum capacity of 20,000 tpa.
Market Dynamics of the Global Niobium Market:
Strong global industrial demand for steel resulting in demand for niobium Steady increase in demand for niobium in the emerging markets Challenges
Environmental concerns Cost pressure The largest consumers of niobium are China, North America and Europe. China is the world’s fastest-growing market for niobium, accounting for 25% of total consumption in 2010. This reflects the size of its steel industry and the rapid rate of expansion in output in recent years.
The non-pyrochlore producers are spread across different geographies and are typically fairly small in size and their operations are fairly basic and uneven. The production of niobium from non-pyrochlore sources is mostly obtained as a byproduct of tantalum operations.
Worldwide, niobium is used in the form of ferroniobium, mostly as an alloying element in steels and in superalloys. Large amounts of niobium in the form of high-purity ferroniobium and nickel niobium are used in nickel-base, cobalt-base, and iron-base superalloys for applications such as rocket subassemblies, jet engine components, and heat-resisting and combustion equipment.
The report elucidates the situation of niobium around the world and studies its markets by application which include steel, alloys, superconducting magnets, capacitors, glass and others; by occurrence – pyrochlore, columbite and others; and by end-user industry – construction, automotive, oil & gas and others.
The market is segmented by production market(Brazil, Canada, Australia, Nigeria and others) and by consumption market (China, U.S., japan, European Union, India, Russia and others), where-in the market share of each region is analyzed and estimates are provided. The report also offers insights into import & export and price analysis.
Currently, the niobium industry is consolidated both in terms of mineral source and number of industry players. Almost all global niobium supply is derived from the mineral pyrochlore with the main producers being:
Catalão (Anglo American) CBMM Niobec (IAMGOLD) Key Deliverables in the Study
Analysis for the global niobium market, with region specific assessments and competition analysis on a global and regional scale. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their market share. Identification and analysis of the macro and micro factors that affect the global niobium market on both global and regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
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