Niobium Market Trends

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

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

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:

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.
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