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 |
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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.