Market Overview:
The global ferro niobium market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high-strength low-alloy (HSLA) steel and super alloys, which use ferroniobium as an alloying element. Ferroniobium is also used in other applications such as medical implants and aerospace components, which are expected to drive the demand for ferroniobium in the coming years. Regionally, North America is estimated to hold a major share of the global ferro niobium market in 2018. This can be attributed to the presence of key players such as CBMM (Brazil) and Hitachi Metals Ltd (Japan) in this region. Asia Pacific is projected to be fastest growing region during the forecast period owing to rapid industrialization and growth of end-user industries such as automotive, aerospace & defense, and construction in countries such as China and India.
Product Definition:
Ferro niobium is a ferromagnetic alloy of niobium and iron. It has a higher Curie temperature than pure niobium, making it useful for applications such as high-temperature magnets and electrical components.
Standard-Grade Ferroniobium:
Standard-grade ferroniobium is a form of ferroNiobium used in steelmaking. It has an approximate composition of 65% Nb, 20% Ta and 5% Sn. It is commercially available as a solid block which can be cut into pieces for use in the steel industry. The product finds application as deoxidizer, desulphurizing agent and flux in the iron and nickel industries.
Vacuum Grade Ferroniobium:
Vacuum grade ferroniobium is a special type of vacuum metalizing agent used to control and prevent oxidation in the process of vacuum metalizing. Vacuum grade ferroniobium has excellent thermal stability which allows it to be used in high power density applications. It also offers good adhesion properties with the base material, low volatility, and resistance against water vapor and oxygen making it suitable for use in sensitive electronics such as semiconductors.
Application Insights:
The others application segment includes high-strength low-alloy (HSLA) steel, super alloys, and ferro nickel. HSLA steel is used in the construction industry for structural components such as beams, columns and girders. The product is also used in the form of bars and rods for general engineering purposes owing to its excellent wear resistance properties.
Ferroniobium has several applications in super alloys which include additions of vanadium, chromium, molybdenum and tungsten to iron based alloys. It improves their mechanical properties by increasing hardness while simultaneously reducing the formation of carbides during cold working operations making it an ideal material for use in manufacturing high strength low alloy (HSLA) steels over a wide range of temperatures suitable for industrial usage ranging from -40°C to 200°C.
Regional Analysis:
Asia Pacific dominated the global ferro niobium market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from various end-use industries, such as automotive, aerospace & defense, energy & power. In addition, increasing steel production in emerging economies of Asia Pacific including India and China is anticipated to drive the product demand over the forecast period.
The presence of major automakers including Toyota Motor Corporation; Honda Motor Co., Ltd.; Nissan Motors Ltd.; Mazda Motor Corp.; Mitsubishi Heavy Industries; SuzukiMotor Corporation; Isuzu Motors Ltd.; and Hyundai Mobis has significantly contributed towards industry growth in Japan owing to high automobile sales every year. This trend is projected to continue over the next eight years which will further propel product consumption across this region during the forecast period.
Europe was a significant contributor towards industry growth owing to growing automotive sales coupled with stringent emission norms implemented by governments across Europe.
Growth Factors:
- Increasing demand for ferro niobium in the aerospace and defense sectors due to its superior properties such as high strength, toughness, and resistance to corrosion.
- Growing demand for ferro niobium in the automobile industry due to its ability to improve the performance of engines and reduce weight.
- Rising demand from emerging economies such as China and India due to their growing industrial base and rising purchasing power parity (PPP).
- increasing use of ferro niobium in super alloys for manufacturing turbine blades, aircraft parts, etc., which is expected to boost market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferro Niobium Market Research Report
By Type
Standard-Grade Ferroniobium, Vacuum Grade Ferroniobium
By Application
High-Strength Low-Alloy (HSLA) Steel, Super Alloys, Others
By Companies
CBMM, Niobec, CMOC International, AMG Advanced Metallurgical Group, Mineração Taboca S.A., Kamman Group, CBMM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Ferro Niobium Market Report Segments:
The global Ferro Niobium market is segmented on the basis of:
Types
Standard-Grade Ferroniobium, Vacuum Grade Ferroniobium
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
High-Strength Low-Alloy (HSLA) Steel, Super Alloys, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CBMM
- Niobec
- CMOC International
- AMG Advanced Metallurgical Group
- Mineração Taboca S.A.
- Kamman Group
- CBMM
Highlights of The Ferro Niobium Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Standard-Grade Ferroniobium
- Vacuum Grade Ferroniobium
- By Application:
- High-Strength Low-Alloy (HSLA) Steel
- Super Alloys
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ferro Niobium Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ferro Niobium is a type of niobium that has been treated with iron to increase its strength and durability. It is also known as ferronickel, because it contains about 15% nickel.
Some of the major players in the ferro niobium market are CBMM, Niobec, CMOC International, AMG Advanced Metallurgical Group, Minera§£o Taboca S.A., Kamman Group, CBMM.
The ferro niobium market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ferro Niobium Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ferro Niobium Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ferro Niobium Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ferro Niobium Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ferro Niobium Market Size & Forecast, 2020-2028
4.5.1 Ferro Niobium Market Size and Y-o-Y Growth
4.5.2 Ferro Niobium Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Standard-Grade Ferroniobium
5.2.2 Vacuum Grade Ferroniobium
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 High-Strength Low-Alloy (HSLA) Steel
6.2.2 Super Alloys
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ferro Niobium Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ferro Niobium Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Standard-Grade Ferroniobium
9.6.2 Vacuum Grade Ferroniobium
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 High-Strength Low-Alloy (HSLA) Steel
9.10.2 Super Alloys
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Standard-Grade Ferroniobium
10.6.2 Vacuum Grade Ferroniobium
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 High-Strength Low-Alloy (HSLA) Steel
10.10.2 Super Alloys
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Standard-Grade Ferroniobium
11.6.2 Vacuum Grade Ferroniobium
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 High-Strength Low-Alloy (HSLA) Steel
11.10.2 Super Alloys
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Standard-Grade Ferroniobium
12.6.2 Vacuum Grade Ferroniobium
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 High-Strength Low-Alloy (HSLA) Steel
12.10.2 Super Alloys
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Standard-Grade Ferroniobium
13.6.2 Vacuum Grade Ferroniobium
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 High-Strength Low-Alloy (HSLA) Steel
13.10.2 Super Alloys
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ferro Niobium Market: Competitive Dashboard
14.2 Global Ferro Niobium Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CBMM
14.3.2 Niobec
14.3.3 CMOC International
14.3.4 AMG Advanced Metallurgical Group
14.3.5 Mineração Taboca S.A.
14.3.6 Kamman Group
14.3.7 CBMM
