Niobium Market Trends

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

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Niobium Sector: Growth Drivers and Challenges

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	2024
Forecast Year	2025-2037
CAGR	5.8%
Base Year Market Size (2024)	USD 2.21 billion
Forecast Year Market Size (2037)	USD 4.6 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Browse key industry insights with market data tables & charts from the report:

Niobium Market Size & Share - Growth Forecasts 2037

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of niobium is evaluated at USD 2.32 billion.

Niobium Market size was valued at USD 2.21 billion in 2024 and is set to exceed USD 4.6 billion by 2037, registering over 5.8% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is estimated to hold largest revenue share by 2037, attributed to rising usage of niobium in aerospace and automobile industries in emerging economies such as India, Japan and China.

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