Increasing demand for steel in emerging nations is expected to drive the niobium market. Niobium is primarily used in alloys, with special steel being the largest segment (used in large constructions and gas pipelines). Brazil produces most of the worlds total niobium (almost 90%), followed by Canada and Australia. CBMM, the biggest player in the market, increased the output capacity to150, 000 tons per annum (TPA) in 2015. The Anglo American group is another producer of this precious metal.
Niobium metal is found in volcanic rocks in multiple places around the world. It is obtained from pyrochlore and tantalite mineral ores, and sometimes as an associated metal from mining of other metals.
Worldwide, niobium is used in the form of ferroniobium, mostly as an alloying element in steels and in super alloys. Large amounts of niobium in the form of high-purity ferroniobium and nickel niobium are used in nickel-, cobalt-, and iron-base super alloys for applications such as rocket subassemblies, jet engine components, and heat-resistant and combustion equipment.
Currently, the niobium industry is consolidated both in terms of mineral source and the number of industry players. Almost all of the global niobium supply is derived from the mineral pyrochlore with the main producers being CBMM, CatalÃ£o (Anglo American) and others.
The non-pyrochlore producers are spread across different geographies and are fairly small in size; their operations are basic and uneven. The production of niobium from non-pyrochlore sources is mostly obtained as a byproduct of tantalum operations.
The biggest demand for niobium comes from China, North America and Europe. China is home to the worlds fastest-growing market for niobium, accounting for 25% of total consumption in 2010. This is reflected in the size of its steel industry and the rapid rate of expansion in output in the recent years.
1.2 Research Methodology
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Current Market Scenario
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness Porters Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
4. Market Dynamics
4.1.1 Accelerating Usage in Structural Steels
4.1.2 Growing Usage in Automotive Industry
4.1.3 Increased Usage in Aerospace Applications
4.2.1 Limited Supply Sources
4.3.1 Rapid Economic Development in Asia-Pacific
4.3.2 Innovative Application Products to Gain Competitive Edge
5. Market Segmentation and Analysis
5.1 By Occurrence
5.2 By Application
5.2.3 Superconducting Magnets
5.3 By End-user Industry
5.3.4 Oil & Gas
6. Regional Market Analysis
6.1 Production Analysis
6.2 Consumption Analysis
6.2.2 European Union
6.2.3 United States
6.3 Price Analysis
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis
8.3 Strategies Adopted by Leading Players
9. Company Profiles
9.1 ADMAT Inc.
9.2 Alkane Resources Ltd.
9.3 Anglo American plc
9.4 Baoji Honest Metal Materials Co. Ltd.
9.5 Changsha South Tantalum Niobium Co. Ltd.
9.6 Companhia Brasileira De Metalurgia e Minercao (CBMM)
9.7 Corevale Ltd.
9.8 Dneprovsky Special Tubes Plant LLC
9.9 Grandview Materials Inc.
9.10 Molycorp Inc.
9.11 Niobec (Magris Resources Inc.)
9.12 NioCorp. Developments Ltd.
9.14 Shaanxi Elade New Material Technology Co. Ltd.
9.15 Shaanxi Getwick Nonferrous Metals Co. Ltd.
9.16 Taseko Mines Ltd.
9.17 Titan Metal Fabricators
9.18 Titanex GmbH
9.19 Zhuzhou Orient Kylin Special Metal Materials Co. Ltd.