Accelerating Usage in Structural Steels
Niobium, when added to steel, increases strength and durability. This makes the present day structural or construction projects more efficient and safer than ever. In addition, lean structures ensure fast construction and less operational costs, which, in turn, makes niobium the best option to be employed in infrastructural projects, such as artistic buildings, bridges, and airports. Moreover, utilizing advanced niobium technology reduces raw material consumption, such as conventional steels and concrete, which, in turn, makes such structures eco-friendly.
Aerospace and Defense – the Fastest Growing Segments based on Usage
The amount of niobium used in the aerospace industry is expected to reach a volume of 18,000.34 metric ton by 2023, registering a CAGR of about 7.57% over the forecast period. Niobium is likely to be used majorly in the aerospace and defense industries as a super alloy, to offer creep strength. Major end-use distribution of reported niobium consumption is as follows: steels, about 76%, super alloys as 24% followed by superconducting magnets, capacitors and glass.
Regional Players in the Niobium Market
The biggest demand for niobium comes from North America, Europe, and countries, like China. China is home to the world’s fastest-growing market for niobium, which is reflected in the size of its steel industry and the rapid rate of expansion in output over the recent years. Currently, different companies are aiming to produce niobium in Australia, with current and new mining areas and projects that are undergoing continuous exploration and feasibility tests.
Notable Developments in Market
March 2018: World's leading supplier of niobium, CBMM funded research into key steel alloying element in SAARLAND University and Steinbeis Material Engineering Center Saarland (MECS) using their 3D analytical techniques.
April 2016: Anglo American sold niobium and phosphates businesses to China Molybdenum for USD 1.5 billion.
Major Players: CBMM, Niobec Mines, Baoji Honest Metal Materials, Zhuzhou Orient Kylin Special Metal Materials, and Shaanxi Getwick Nonferrous Metals, among others.
Reasons to Purchase the Report
- The impact of end-user applications on the market
- Various perspectives of the market with the help of Porter’s five forces analysis
- Countries expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
4.1.1 Increased Usage in Aerospace Industry and Defence
4.1.2 Accelerating Usage in Structural Steels
4.1.3 Growing Usage in Automotive Industry
4.2.1 Limited Supply Sources
4.3.1 Innovative Application Products to Gain Competitive Edge
4.3.2 Rapid Economic Development in Asia-Pacific
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Occurrence
5.2 By Application
5.2.3 Superconducting Magnets
5.3 By End-user Industry
5.3.5 Oil & Gas
5.4 By Type
5.4.1 Niobidium Oxide
5.4.2 Niobidium Metal
5.4.3 Vacuum Grade Niobium Alloys
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.5 Rest Asia-Pacific
6.2 North America
6.2.4 Rest of North America
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest South America
6.5 Middle-East and Africa (MEA)
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of MEA
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis***
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services and Recent Developments)
8.1 ADMAT Inc.
8.2 Alkane Resources Ltd.
8.3 Anglo American plc
8.4 Baoji Honest Metal Materials Co. Ltd.
8.5 Changsha South Tantalum Niobium Co. Ltd.
8.6 Companhia Brasileira De Metalurgia e Minercao (CBMM)
8.7 Corevale Ltd.
8.8 Dneprovsky Special Tubes Plant LLC
8.9 Global Advanced Metals
8.10 Grandview Materials Inc.
8.11 Molycorp Inc.
8.12 Niobec (Magris Resources Inc.)
8.13 NioCorp. Developments Ltd.
8.15 Shaanxi Elade New Material Technology Co. Ltd.
8.16 Taseko Mines Ltd.
8.17 Titan Metal Fabricators
8.18 Titanex GmbH
8.19 Zhuzhou Orient Kylin Special Metal Materials Co. Ltd.
*List not exhaustive
**Subject to availability on public domain
- 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
- Global Advanced Metals
- Grandview Materials Inc.
- Molycorp Inc.
- Niobec (Magris Resources Inc.)
- NioCorp. Developments Ltd.
- SDMS S.A.nxi Elade New Material Technology Co. Ltd.
- Taseko Mines Ltd.
- Titan Metal Fabricators
- Titanex GmbH
- Zhuzhou Orient Kylin Special Metal Materials Co. Ltd.