Niobium Market Trends

  • Report ID: 3073
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Niobium Market Trends

Growth Drivers

  • Growing Demand for Niobium from End-User Industries
  • Growing Production of Steel

Challenges

  • Limited Availability of the Chemical Compound

Niobium Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

5.8%

Base Year Market Size (2023)

USD 2.09 billion

Forecast Year Market Size (2036)

USD 4.35 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 3073
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for niobium from the end-user industries, is one of the major factors driving the market growth.

The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021-2029.

The concern for the restricted availability is one of the major factors estimated to act as barriers to the growth of the market.

The market in the North America is anticipated to display significant growth opportunities during the forecast period on account of the growing demand for consumer electronic products, where niobium is used widely.

The major companies in the market are Alkane Resources Ltd., NioCorp Development Ltd., NIOBEC Corporation, Titanex GmbH, Global Advanced Metals Pty Ltd., and others.
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