Global Niobium Market 2024-2028

Global Niobium Market 2024-2028

The niobium market is forecasted to grow by USD 481.34 mn during 2023-2028, accelerating at a CAGR of 5% during the forecast period. The report on the niobium market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased growth in steel production, advancements in superalloys, and infrastructure development and urbanization.

Technavio's niobium market is segmented as below:

By End-user

Construction

Automotive and Transportation

Oil and gas

Aerospace and defense

Others

By Application

Steel manufacturing

Superalloys

Others

By Geography

APAC

North America

Europe

South America

Middle East and Africa

This study identifies the evolving electronics and optoelectronics as one of the prime reasons driving the niobium market growth during the next few years. Also, superconducting magnet applications and a rising shift toward value-added products will lead to sizable demand in the market.

The report on the niobium market covers the following areas:

Niobium market sizing

Niobium market forecast

Niobium market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading niobium market vendors that include Accumet Materials Co., Admat Inc., ALL METAL SALES, INC., ARA-T Advance GmbH, Aritech Chemazone Pvt. Ltd., China Molybdenum Co. Ltd., Companhia Brasileira de Metalurgia e Mineracao, Edgetech Industries LLC, Excel Metal and Engg Industries, Global Advanced Metals Pty Ltd., Globe Metals and Mining Ltd., H.C. Starck Solutions, JX Metals Corp., Magris Performance Materials Inc., Otto Chemie Pvt. Ltd., Plansee SE, Shree Bajrang Sales (p) Ltd., Wagener Elektrische Antriebstechnik GmbH, Grondmet GmbH, and Manhar Metal Supply Corp. Also, the niobium market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. Show more