Global Niobium Oxide (CAS 1313-96-8) Market Outlook 2017-2022
Niobium (Nb) is a member of the group of VA transition elements. It is soft and ductile and characterized by high melting and boiling points. It is used mainly as an alloying addition to steel in the form of ferroniobium (FeNb). Most niobium is obtained from deposits of the mineral pyrochlore, which can be directly converted to ferroniobium or used to produce niobium pentoxide (Nb2O5), which is the starting point for most other higher value-add niobium end-products. These include nickel-niobium (NiNb) master alloys used in high-performance alloys; alloys and intermediates of niobium with zirconium (Nb-1Zr), titanium (Nb-44Ti) and other elements; various grades of pure niobium metal; lithium niobate and other niobate crystals; and a range of other niobium compounds.
According to Gen Consulting Company, the niobium oxide market will increase at a CAGR of 8.17 percent during the period of 2017 to 2022, to attain an anticipated value of USD 584.1 million by the end of the forecast period. About 59.64 percent of global niobium oxide sales in 2022 will be in South America, according to current growth patterns.
Based on application, the market for niobium oxide is segmented into superalloys, superconductors, electronics, and optical sectors. Among these, the demand for niobium oxide from the superalloys sector enjoys a majority share (71.73%) in 2017 and is anticipated to develop at a 3.7% CAGR from 2017 to 2022. While superconductors sector forms the second largest (19.02%) application segment of the niobium oxide market, the segment is expected to grow at a CAGR of 3.37% during the period of 2017-2022. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global niobium oxide market.
The report covers forecast and analysis for the niobium oxide market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the niobium oxide market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the niobium oxide market on a global level.
The report has been prepared based on the synthesis, analysis, and interpretation of information about the global niobium oxide market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.
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