Niobium Market Share, Size, Global Insights and Future Outlook

Summary

Technavio Announces the Publication of its Research Report – Global Niobium Market 2016-2020

Technavio recognizes the following companies as the key players in the global niobium market: Advanced Metallurgical Group, Anglo American, CBMM, Magris Resources, and Global Advanced Metals.

Commenting on the report, an analyst from Technavio’s team said: “A trend helping to boost market growth is the advancement of high-performance electroceramics. The growth of ultra-high-purity niobium in particular grain sizes and tight distributions is escalating the development of high-performance electroceramics. The electronics market has experienced significant changes in the past few decades. The need for compact, high-performance electroceramics has elevated due to the growth and commercialization of new technologies such as computers, mobile devices, and the Internet.”

”

Browse Detail Report With TOC @

https://marketreportscenter.com/reports/319894/global-niobium-market-2016-2020

According to the report, a key growth driver is the extensive use of niobium in steel production. Globally, the steel industry consumes a considerable amount of niobium. Niobium increases the toughness, strength, and weldability of steel products. Among flat steel products, it is used in the production of hot-rolled and cold-rolled steel strips and high-strength steel plates. Among long steel products, it is used for strengthening wire rods, reinforcing bars, structural sections, and rail steels. Therefore, the steel market has a significant impact on the demand for niobium.

Further, the report states that one challenge that could severely hamper market growth is the availability of alternatives for niobium.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors...