Niobium Market Outlook:
Niobium Market size was over USD 3.4 billion in 2025 and is estimated to reach USD 6.5 billion by the end of 2035, expanding at a CAGR of 6.8% during the forecast timeline, i.e., 2026-2035. In 2026, the industry size of niobium is estimated at USD 3.6 billion.
The international niobium market is fundamentally driven by industrial applications. It is very important in medical devices like prosthetics and pacemaker components. According to the Mineral Commodities Summaries in 2024, over 90% of niobium production occurs in Brazil, followed by Canada with 8%. Further, the report also states that Brazil’s total exports reached 50,566 tons in August 2023. These main producing geographies are important as both sources of raw material and for the development of niobium technologies.
The supply chain implications for niobium products include a complex relationship of mining operations, processing facilities, and end-user industries. Niobium is derived from pyrochlore ore that is primarily extracted in Brazil by CBMM. According to the Mineral Commodities Summaries in 2024, the U.S. niobium imports for consumption were 9,110 metric tons in 2022, 10,100 metric tons in 2023, and an estimated 8,900 metric tons in 2024. The demand in the U.S. for Niobium further sources supplies from Canada and various other countries in South America.
