Market Overview:
The global high purity niobium metal market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high purity niobium metal from various applications such as processing and manufacturing, aerospace, oil and gas, among others. Additionally, factors such as rising demand for lightweight materials in automotive and aviation industries are also contributing to the growth of this market. However, volatility in prices of raw materials used for manufacturing high purity niobium metal may restrain the growth of this market during the forecast period.
Product Definition:
High purity niobium metal is a valuable resource used in a variety of industries. It has many properties that make it ideal for use in manufacturing, including its strength and resistance to corrosion.
Powder:
Powder is a form of solid particulate material. It can be categorized as to whether it is organic or inorganic. Inorganic powder includes ceramics, metal oxides and salts, while the organic type comprises of carbon and graphite powders. The growth factor in high purity niobium metal market refers to the rate at which demand for product will increase during forecast period compared with its supply.
Wire:
Wire and it's usage in High Purity Niobium Metal market is used for producing superalloys of high purity. It consists of carbon, alloying elements such as manganese, nickel, chromium and molybdenum along with other impurities which are removed by filtration process. The product finds application in the manufacturing of turbine blades for gas turbines among others.
Application Insights:
Aerospace was the dominant application segment and accounted for a revenue share of more than 40% in 2017. Rising air travel demand is expected to augment the product demand in this application over the forecast period. The global rise in air travel has led to an increased need for aircraft components, thereby fueling market growth. In addition, strong industrial output coupled with increasing consumer spending on luxury goods is likely to drive industry expansion over the coming years.
The processing and manufacturing segment held a significant share of Niobium metal market revenue in 2017 owing to its rising use as an alloy material by various industries including metallurgy, automotive, construction equipment etc., which are engaged in steel production activities worldwide. The high purity product offered by vendors plays a key role during these processes as it offers better characteristics such as ductility & plasticity along with high resistance against corrosion & oxidation when usedin ferroalloys & non-ferrous alloys respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The presence of major manufacturers and suppliers in China, Japan, India and South Korea has led to the dominance of this region. However, with a shift in production landscape towards emerging economies including Vietnam and Indonesia due to low labor costs is expected to reduce Niobium metal prices over the coming years thereby affecting its demand adversely.
North America accounted for a significant share owing to high product demand from various end-use industries such as aerospace & defense (18%) and oil & gas (13%). In addition, growing processing industry coupled with an increase in energy sector spending is anticipated will drive further growth over the forecast period.
Growth Factors:
- Increasing demand for high purity niobium metal from the aerospace and defense industries for use in manufacturing jet engines, missiles, and other critical components
- Growing demand from the medical industry for use in implantable devices such as pacemakers and stents
- Rapid growth of the electronics industry, particularly in Asia, which is driving increased demand for high purity niobium metal to manufacture semiconductors and other electronic components
- Rising prices of rare earth metals used in the production of high-tech products is making niobium a more cost-effective substitute, resulting in increased demand from these industries
- Growing awareness among manufacturers about the benefits of using high purity niobium metal over traditional materials such as steel or aluminum
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Niobium Metal Market Research Report
By Type
Powder, Wire, Tube, Bar, Ingot, Sheet, Other
By Application
Processing and Manufacturing, Aerospace, Oil and Gas, Other
By Companies
American Elements, ALB Materials, Zhuzhou Jiabang, H.C. Starck, Global Advanced Metals, Stanford Advanced Materials, Ningxia Orient Tantalum Industry, Changsha South, Edgetech Industries
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Niobium Metal Market Report Segments:
The global High Purity Niobium Metal market is segmented on the basis of:
Types
Powder, Wire, Tube, Bar, Ingot, Sheet, Other
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
Processing and Manufacturing, Aerospace, Oil and Gas, Other
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:
- American Elements
- ALB Materials
- Zhuzhou Jiabang
- H.C. Starck
- Global Advanced Metals
- Stanford Advanced Materials
- Ningxia Orient Tantalum Industry
- Changsha South
- Edgetech Industries
Highlights of The High Purity Niobium Metal 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:
- Powder
- Wire
- Tube
- Bar
- Ingot
- Sheet
- Other
- By Application:
- Processing and Manufacturing
- Aerospace
- Oil and Gas
- Other
- 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 High Purity Niobium Metal 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
High purity niobium metal is a type of metal that has been refined to have very low levels of impurities. This makes it ideal for use in various industrial applications, such as in the production of nuclear weapons and other sensitive equipment.
Some of the major companies in the high purity niobium metal market are American Elements, ALB Materials, Zhuzhou Jiabang, H.C. Starck, Global Advanced Metals, Stanford Advanced Materials, Ningxia Orient Tantalum Industry, Changsha South, Edgetech Industries.
The high purity niobium metal market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Niobium Metal 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 High Purity Niobium Metal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Niobium Metal 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 High Purity Niobium Metal 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 High Purity Niobium Metal Market Size & Forecast, 2020-2028
4.5.1 High Purity Niobium Metal Market Size and Y-o-Y Growth
4.5.2 High Purity Niobium Metal 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 Powder
5.2.2 Wire
5.2.3 Tube
5.2.4 Bar
5.2.5 Ingot
5.2.6 Sheet
5.2.7 Other
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 Processing and Manufacturing
6.2.2 Aerospace
6.2.3 Oil and Gas
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Niobium Metal 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 High Purity Niobium Metal 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 Powder
9.6.2 Wire
9.6.3 Tube
9.6.4 Bar
9.6.5 Ingot
9.6.6 Sheet
9.6.7 Other
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 Processing and Manufacturing
9.10.2 Aerospace
9.10.3 Oil and Gas
9.10.4 Other
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 Powder
10.6.2 Wire
10.6.3 Tube
10.6.4 Bar
10.6.5 Ingot
10.6.6 Sheet
10.6.7 Other
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 Processing and Manufacturing
10.10.2 Aerospace
10.10.3 Oil and Gas
10.10.4 Other
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 Powder
11.6.2 Wire
11.6.3 Tube
11.6.4 Bar
11.6.5 Ingot
11.6.6 Sheet
11.6.7 Other
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 Processing and Manufacturing
11.10.2 Aerospace
11.10.3 Oil and Gas
11.10.4 Other
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 Powder
12.6.2 Wire
12.6.3 Tube
12.6.4 Bar
12.6.5 Ingot
12.6.6 Sheet
12.6.7 Other
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 Processing and Manufacturing
12.10.2 Aerospace
12.10.3 Oil and Gas
12.10.4 Other
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 Powder
13.6.2 Wire
13.6.3 Tube
13.6.4 Bar
13.6.5 Ingot
13.6.6 Sheet
13.6.7 Other
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 Processing and Manufacturing
13.10.2 Aerospace
13.10.3 Oil and Gas
13.10.4 Other
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 High Purity Niobium Metal Market: Competitive Dashboard
14.2 Global High Purity Niobium Metal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Elements
14.3.2 ALB Materials
14.3.3 Zhuzhou Jiabang
14.3.4 H.C. Starck
14.3.5 Global Advanced Metals
14.3.6 Stanford Advanced Materials
14.3.7 Ningxia Orient Tantalum Industry
14.3.8 Changsha South
14.3.9 Edgetech Industries
