Niobium Market Growing At 7.5% CAGR Driven By APAC To 2020 adds Global Niobium Market 2016-2020 latest research report, the analysts forecast global niobium market to grow at a CAGR of 7.5% during the period 2016-2020.

The global niobium market analyst says 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.

Complete report on niobium market spread across 66 pages, analyzing 5 major companies and providing 57 data exhibits is now available at

According to the 2016 niobium market 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.

By 2020, the pyrochlore segment will continue its market dominance by accounting for almost 91% of the overall market share. Pyrochlore is the main mineral from which niobium is obtained. The geological properties of pyrochlore are such that the need to separate it from other elements to produce niobium is limited, resulting in a significant production cost advantage. In the processing unit, the pyrochlore mineral is subjected to a physical processing technique, resulting in the production of a concentrate that contains 50%-60% niobium oxide, which is further processed into ferroniobium and other niobium end products. Order a copy of Global Niobium Market 2016-2020 report @

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

Global Niobium Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global niobium market for 2016-2020. Further, the niobium market report states that one challenge that could severely hamper market growth is the availability of alternatives for niobium.

Another related report is Global Precious Metals Market 2015-2019, the analysts forecast global precious metals market to grow at a CAGR of 4.01% during the period 2015-2019. According to the report, the rising sales of gold, silver, palladium and platinum globally is driving the growth of this market. Moreover, the demand for platinum from the industrial sectors is also boosting the growth of the precious metals market. A boom in jewelry consumption in APAC has been accompanied by high growth in the number of retail outlets, especially in China and India. Browse complete report @

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