Press release
Niobium: The Multipurpose Metal Market by 2029
The report "Global Niobium Market, By Type (Ferro Niobium, Niobium Oxide, Niobium Metal, and Vacuum Grade Niobium Alloys), By Occurrence (Carbonatites and Associates and Columbite-Tantalite), By Application (Steel, Super Alloys, Superconducting Magnets, Capacitors, Glass, and Other Applications), By End- User Industry (Construction, Automotive, Aerospace and Defense, Oil and Gas, and Other End-user Industries), and Region - Global Forecast to 2030" The niobium is the higher steel strength use for the stronger construction projects for more efficient and safe construction which is the major propelling factor for the growth of the global market. Additionally, the uses of niobium increase because of its lightweight property and designed used for the manufacturing of the automobiles which is another driving factor for the growth of the target market. For instance, usage of about 300 grams of niobium in steel for a medium-size passenger car decreases the weight of the vehicle by approximately 200 kg, in turn, enhance the fuel economy of the vehicle (1 litre per 200 km) and decrease exhaust emissions. Moreover, the usage of niobium increases in the aerospace application is the boosting factor for the growth of the global market.Key Highlights:
In 2018, Toshiba Corporation, Sojitz Corporation, and Companhia Brasileira de, Metalurgia-e-Mineracao signed a deal with CBMM for the development of anode material for lithium-ion batteries using niobium-titanium oxide (NTO)
Key Market Insights from the report:
The global niobium market projected to register a moderate CAGR of 6.10% over the forecast period. The market report has been segmented based on type, occurrence, application, end-user industry, and region.
By type, the global niobium market is segmented into the Ferro niobium, niobium oxide, niobium metal, and vacuum grade niobium alloys
By occurrence, the target market is segmented into carbonatites and associates and columbite-tantalite
By application, the global market is classified into steel, superalloys, superconducting magnets, capacitors, glass, and other applications
By the end-user industry, the target market is bifurcated into construction, automotive, aerospace and defence, oil and gas, and other end-user industries
By region, The Asia Pacific region is the dominating region for the niobium market due to more use of niobium in the country such as China, India and others for the development of the infrastructure in the developing countries. According to the consumption rate, the Asia- Pacific region is followed by Europe and then followed by the North America region.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Global Niobium Market", By Type (Ferro Niobium, Niobium Oxide, Niobium Metal, and Vacuum Grade Niobium Alloys), By Occurrence (Carbonatites and Associates and Columbite-Tantalite), By Application (Steel, Super Alloys, Superconducting Magnets, Capacitors, Glass, and Other Applications), By End- User Industry (Construction, Automotive, Aerospace and Defense, Oil and Gas, and Other End-user Industries), and by Region - global forecast till 2030
To know the upcoming trends and insights prevalent in this market, click the link below:
Links:https://prophecymarketinsights.com/market_insight/Global-Niobium-Market-By-Type-4055
The prominent player operating in the global niobium market includes Admat Inc., Alkane Resources Ltd., CBMM, China Molybdenum Co. Ltd., Changsha South Tantalum Niobium Co. Ltd., Dneprovsky Special Tubes Plant LLC., Grandview Materials, NIOBEC (MAGRIS RESOURCES INC.), NioCorp Developments Ltd., and Shaanxi Getwick Nonferrous Metals Co. Ltd.
About Prophecy Market Insights
Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.
Contact Us:
Sales
Prophecy Market Insights
Email- sales@prophecymarketinsights.com
Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Niobium: The Multipurpose Metal Market by 2029 here
News-ID: 1926714 • Views: …
More Releases from Prophecy Market Insights

Biorefinery Products and Applications Market Poised for Remarkable Growth by 203 …
Author: Shweta R., Business Development Specialist
Introduction
The global transition toward a circular and sustainable economy has accelerated the demand for biorefinery products and applications. With rising concerns about climate change, energy security, and resource efficiency, biorefineries are emerging as a cornerstone of the bioeconomy. These facilities convert biomass into a wide range of high-value products such as biofuels, bioplastics, biochemicals, fertilizers, and power, reducing dependence on fossil resources while promoting sustainable…

Compound Feeds and Additives Market to Reach USD 85.1 Billion by 2035
The Compound Feeds and Additives Market is experiencing remarkable growth as the demand for high-quality animal nutrition and sustainable livestock production continues to rise globally. According to recent projections, the market, valued at USD 24.8 billion in 2024, is expected to expand significantly to reach USD 85.1 billion by 2035, growing at a strong CAGR of 13.2% during the forecast period.
This surge reflects the increasing focus on animal health, productivity,…

Aerospace Cyber Security Market Projected to Reach USD 65.4 Billion by 2035
The Aerospace Cyber Security Market is witnessing unprecedented growth as the aerospace industry increasingly embraces digitalization and connected technologies. According to recent industry insights, the global aerospace cyber security market was valued at USD 29.4 billion in 2024 and is projected to reach an impressive USD 65.4 billion by 2035, growing at a CAGR of 8.5% during the forecast period.
This robust growth reflects the rising need for advanced cyber defense…

Indoor Air Quality Market: Breathing Life into Healthy Living and Sustainable Wo …
Author: Shweta R., Business Development Specialist, Prophecy Market Insights
Introduction
The quality of the air we breathe has become a critical public health concern and a business priority worldwide. As urbanization intensifies, populations grow, and workplaces become increasingly technology-driven, the demand for Indoor Air Quality (IAQ) solutions is on the rise. From homes and offices to hospitals, educational institutions, and industrial facilities, ensuring clean indoor air is no longer optional-it is a…
More Releases for Niobium
Niobium N-Propoxide Market 2024 Research Report
Niobium N-Propoxide Market
The global Niobium N-Propoxide market was valued at US$ 35 million in 2023 and is anticipated to reach US$ 49 million by 2030, witnessing a CAGR of 4.0% during the forecast period 2024-2030.
View Sample Report
https://reports.valuates.com/request/sample/QYRE-Auto-2M10681/Global_Niobium_N_Propoxide_Market_Insights_Forecast_to_2028
Report Scope
The Niobium N-Propoxide market size, estimations, and forecasts are provided in terms of output/shipments (Gram) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the…
Niobium-Titanium Alloys Market Trends Analysis
The niobium-titanium alloys market is projected to grow at a CAGR of 6.5% during the forecast period, 2018-2028.
Definition:
A group of alloys known as niobium titanium alloys include both niobium and titanium. They are employed in many different applications, such as nuclear reactors, aerospace parts, and medical devices. The alloys are highly valued for their excellent strength-to-weight ratio and corrosion resistance.
Overview
Niobium-titanium alloys are alloys composed of the metals niobium and…
Niobium Market 2021 Strategic Assessments - Admat Inc., Alkane Resources Ltd, CB …
The Niobium Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Niobium market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Niobium market. Importantly, it allows players to gain deep insights into the business development…
Global Niobium Oxide Market Technology Updates by Top Industry Drivers In Corona …
Syndicate Market Research recently launched a study report on the global Niobium Oxide market project light on the significant drifts and vigorous cannon into the evolution of the trade, which includes the restraints, market drivers, and opportunities. The report talks about the competitive environment prevailing in the Niobium Oxide market worldwide. The report lists the key players in the market and also provides insightful information about them such as their…
Niobium Market: Registering a Strong Growth till 2030
Prophecy Market Insights recently presented Niobium market report which provides reliable and sincere insights related to the various segments and sub-segments of the market. The market study throws light on the various factors that are projected to impact the overall dynamics of the Niobium market over the forecast period (2019-2029).
The Niobium research study contains 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand…
Global Nickel Niobium Market Will Grow at a Healthy CAGR by 2023 Nickel Niobium …
The report provides key statistics on the market status of the Nickel Niobium manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
Get Free Sample Copy of Nickel Niobium market 2018-25 at: https://www.inforgrowth.com/samplerequest/r/195048/global-nickel-niobium-market-research-report-2
Complete report on Nickel Niobium market spreads across 110 pages profiling 07 companies and supported with 196 tables and figures.
Key Companies Analysis: - H.C. Starck,…