The report forecasts the global niobium market to grow at a CAGR of 7.5% during the period 2016-2020.
Commenting on the report, an analyst from the research 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.
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.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Advanced Metallurgical Group
- Anglo American
- Magris Resources
- Global Advanced Metals
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by source
PART 07: Market segmentation by end products
PART 08: Market segmentation by end markets
PART 09: Market segmentation by geography
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
PART 17: Appendix
PART 18: About the Author
For more information visit http://www.researchandmarkets.com/research/5j7b8q/global_niobium
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SOURCE Research and Markets