Market Overview:
The global high purity niobium product market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for high purity niobium in various applications such as aerospace, electronic and electrical, and others. In terms of type, the nickel niobium segment is expected to hold a major share of the global high purity niobium product market during the forecast period. However, ferroniobium is projected to grow at a higher CAGR than other types during the forecast period. In terms of application, aerospace is expected to be one of the fastest-growing segments in terms of revenue contribution during 2018-2030 owing to increasing demand for high purity niobium from this sector across regions.
Product Definition:
A high purity niobium product is a material that has been purified to 99.995% or greater. This type of niobium is often used in the manufacturing of semiconductors and other electronic components, as it has a very low reactivity with other materials.
Nickel Niobium:
Nickel Niobium, also known as Niob or Nb, is a chemical element that exists in the form of both, monosodium and polysodium. It is a soft silver-gray metal that exhibits excellent corrosion resistance. The metal has an excellent ability to hold onto heat; therefore it is used in fuel cells for its thermal capacity.
Ferroniobium:
Ferroniobium is a chemical compound of Niobium and Ferroniobium. It has formula Nb2(Fe)6. The solid material contains approximately 70% of the composition by weight, which makes it heavier than lead. It is a soft, blue-gray metal with excellent corrosion resistance and high thermal conductivity.
Application Insights:
The aerospace application segment led the global market in 2017 and is projected to witness significant growth over the forecast period. The segment will expand at a CAGR of XX% from 2018 to 2030 owing to rising demand for high purity niobium products in various applications, including superalloys, turbines, and generators.
High purity niobium products are used as an alloying agent in manufacturing of turbine blades that operate at very high temperatures (upcoming 10s of thousands of degrees). These products enhance the performance characteristics such as durability and corrosion resistance which further boosts their demand among major industry participants across the globe.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The presence of key manufacturers and suppliers in China, Japan, India and South Korea has fueled the demand for high purity niobium products over the past few years. In addition, increasing government spending on defense sector is expected to drive product demand from 2018 to 2030.
North America accounted for a significant share of global revenue owing to growing aerospace industry coupled with stringent regulations by U.S Environmental Protection Agency (EPA) and U.S Food & Drug Administration (FDA). Nickel-based superalloys are highly resistant against heat while they are also lightweight as compared to their counterparts made using steel; thus making them ideal materials for aircraft manufacturing companies such as Boeing Co., Lockheed Martin Corporation, Airbus S A.
Growth Factors:
- Increasing demand for high purity niobium products from the aerospace and defense industries due to its unique physical and chemical properties.
- Growing demand for high purity niobium products in the semiconductor industry due to its use in advanced electronic devices and circuits.
- Rising demand for high purity niobium products from the medical industry due to its biocompatibility and non-toxicity properties.
- Increasing use of high purity niobium products in energy applications such as superconducting magnets, storage systems, and generators etc..
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Niobium Product Market Research Report
By Type
Nickel Niobium, Ferroniobium, Others
By Application
Aerospace, Electronic and Electrical, Others
By Companies
CBMM, Niobec, Anglo American, 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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Niobium Product Market Report Segments:
The global High Purity Niobium Product market is segmented on the basis of:
Types
Nickel Niobium, Ferroniobium, Others
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
Aerospace, Electronic and Electrical, 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
- Anglo American
- CBMM
Highlights of The High Purity Niobium Product 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:
- Nickel Niobium
- Ferroniobium
- Others
- By Application:
- Aerospace
- Electronic and Electrical
- 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 High Purity Niobium Product 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 is a product that has been purified to the highest degree possible. It is made up of only niobium and no other elements.
Some of the major players in the high purity niobium product market are CBMM, Niobec, Anglo American, CBMM.
The high purity niobium product market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Niobium Product 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 Product Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Niobium Product 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 Product 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 Product Market Size & Forecast, 2018-2028
4.5.1 High Purity Niobium Product Market Size and Y-o-Y Growth
4.5.2 High Purity Niobium Product Market Absolute $ Opportunity
Chapter 5 Global High Purity Niobium Product 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 High Purity Niobium Product Market Size Forecast by Type
5.2.1 Nickel Niobium
5.2.2 Ferroniobium
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Purity Niobium Product 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 High Purity Niobium Product Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Electronic and Electrical
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Niobium Product 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 Product 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 High Purity Niobium Product Analysis and Forecast
9.1 Introduction
9.2 North America High Purity Niobium Product 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 High Purity Niobium Product Market Size Forecast by Type
9.6.1 Nickel Niobium
9.6.2 Ferroniobium
9.6.3 Others
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 High Purity Niobium Product Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Electronic and Electrical
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 High Purity Niobium Product Analysis and Forecast
10.1 Introduction
10.2 Europe High Purity Niobium Product 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 High Purity Niobium Product Market Size Forecast by Type
10.6.1 Nickel Niobium
10.6.2 Ferroniobium
10.6.3 Others
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 High Purity Niobium Product Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Electronic and Electrical
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 High Purity Niobium Product Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Purity Niobium Product 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 High Purity Niobium Product Market Size Forecast by Type
11.6.1 Nickel Niobium
11.6.2 Ferroniobium
11.6.3 Others
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 High Purity Niobium Product Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Electronic and Electrical
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 High Purity Niobium Product Analysis and Forecast
12.1 Introduction
12.2 Latin America High Purity Niobium Product 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 High Purity Niobium Product Market Size Forecast by Type
12.6.1 Nickel Niobium
12.6.2 Ferroniobium
12.6.3 Others
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 High Purity Niobium Product Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Electronic and Electrical
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) High Purity Niobium Product Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Purity Niobium Product 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) High Purity Niobium Product Market Size Forecast by Type
13.6.1 Nickel Niobium
13.6.2 Ferroniobium
13.6.3 Others
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) High Purity Niobium Product Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Electronic and Electrical
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 High Purity Niobium Product Market: Competitive Dashboard
14.2 Global High Purity Niobium Product 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 Anglo American
14.3.4 CBMM
