(MENAFN - America News Hour) Niobium is a grey-white d block transition metal with atomic number 41, atomic mass 92.91 g/mole from group 5 of the periodic table. It is rare, soft, malleable, ductile and resembles tantalum in its physical and chemical properties. It is extracted from its mineral ores pyrochlore and columbite and often as an associate metal during the mining of other metals.
Niobium is used for the production of special stainless steel for nuclear reactors, jets, missiles, cutting tools, pipelines, super magnets and welding rods. When small amounts of niobium are added to other metals, their strength is improved. Niobium carbide, for instance, is used in cutting tools. Niobium-tin and niobium-titanium are high temperature and high resistant alloys used for making wires for superconducting magnets capable of producing exceedingly strong magnetic fields.
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The major growth driver of the Global Niobium Market is the increasing demand for steel in emerging markets for construction, automotive and aerospace applications as niobium is primarily used for making specialised steel alloys. However, the very nature of the metal being rare and extremely difficult to find makes the mining of niobium costly and acts as a growth barrier for the market. The increased uses of niobium in newer application areas provide this market with growth opportunities in future.
The market is segmented based on two parameters. The first classification is based on source, into pyrochlore and columbite segments. Pyrochlore is the major mineral ore from where niobium is mined and is known for its rich content suitable for applications like ionic conductivity, nuclear waste immobilization etc.
The second segmentation is based on product type into Nb chemicals, HSLA ferroniobium, niobium alloys, niobium metals, and vacuum grade FeNb wherein HSLA ferroniobium is expected to have the higher market share due to its extensive usage in stainless steel manufacturing.
In terms of geography, the global Niobium market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is expected to have the largest Niobium market share in the forecast period due to the increasing demand for Niobium for the construction industry in this region. Latin America, led by the world?s biggest producer of niobium, Brazil, is also expected to have a significant market share in the forecast period.
Some of the major players in this market are 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, SDMS with CBMM leading the pack in terms of output capacity per year.
Report Contents Regional Analysis Report Highlights
Global Market segments
Global Market Drivers, Restraints and Opportunities
Global Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Market – Current Trends
Competition & Major Companies
Technology and R & D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
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This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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