Global Niobium Market 2016-2020
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Global Niobium Market 2016-2020
Global Niobium Market 2016-2020 report is the latest addition to RnRMarketResearch.com industry research reports collection.
Niobium is a refractory metal that is valued for its unique chemical properties, including extraordinary resistance to heat and wear and inertness. It has a high melting point of 4,474.4°F and a boiling point of 8,900.6°F. It is used as an alloying element in steel production in the form of ferroniobium (Fe-Nb).
The analysts forecast global niobium market to grow at a CAGR of 7.5% during the period 2016-2020. A trend helping to boost market growth is the advancement of high-performance electroceramics. The growth of ultrahigh-purity niobium in particular grain sizes and tight distributions is escalating the development of highperformance 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.
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Global Niobium Market 2016-2020 
Niobium market is 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 coldrolled 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
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This report, 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.
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Global Niobium Market 2016-2020
Key vendors: Advanced Metallurgical Group, Anglo American, CBMM, Magris Resources, Global Advanced Metals
Market driver : Extensive use of niobium in steel production
Market challenge - Availability of alternatives for niobium
Market trend - Advancement of high-performance electroceramics
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Global Niobium Market 2016-2020
Key questions answered in this report
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?
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