FeedingTrends
Ferroniobium Market Is Expected to Increase Rapidly at 6.3% Cagr
a month ago
3 min read

Ferroniobium Market Is Expected to Increase Rapidly at 6.3% Cagr

Newly-released data on the ferroniobium market shows that global demand for ferroniobium enjoyed year-on-year (YoY) growth of 5.9% to reach 134 kilo tons at the end of 2021.

Worldwide consumption of ferroniobium is expected to increase rapidly at 6.3% CAGR, reaching US$ 12.7 Billion by the end of 2032.

Market forecasts are bright with producers, consumers, and government policymakers becoming increasingly interested in the technological and market fundamentals of ferroniobium, a key and important mineral that is used in a variety of defense and civilian applications.

Download Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=7514

Competition Landscape: Ferroniobium Market

Four businesses control the manufacturing of ferroniobium. CBMM is the most important producer, accounting for 85% of global output. The remainder is produced by China Molybdenum, Anglo-American, and Magris Resources. Brazil is responsible for 88% of output, Canada for 11%, and Russia for 1%.

Although several companies are conducting their feasibility studies for entering the market, because of the oligopolistic nature of the global ferroniobium market, no new niobium mines have become operational since 1976, since current producers have been able to raise output to meet demand, and this scenario is expected to remain consistent over the coming years as well.

Despite the limitations of oligopoly, several businesses are attempting to construct ferroniobium projects.

  • Cradle Resources is aiming to develop Tanzania’s Panda Hill project, whereas, Alkane Resources is attempting to develop Australia’s Dubbo poly mineral project.

  • Globe Metals & Mining’s Kanyika project in Malawi is undergoing a feasibility study.

  • The Eldor Niobium project in Quebec is where Commerce Resources and Saville Resources are pursuing their joint venture.

Key Companies Profiled :

  • Existing Players

    • Anglo American

    • CBMM

    • Niobec (Magris Company)

    • China Molybdenum

  • Potential Players

    • Cradle Resources

    • Alkane Resources

Key Segments Covered in Ferroniobium Industry Research

  • Ferroniobium Market by Form :

    • Lumps

    • Fines

    • Briquettes

  • Ferroniobium Market by Grade :

    • Standard Ferroniobium

    • High Purity Ferroniobium

  • Ferroniobium Market by End Use :

    • HSLA Production

    • Stainless Steel Production

    • Others

  • Ferroniobium Market by Region :

    • North America

    • Latin America

    • Europe

    • East Asia

    • South Asia & Oceania

    • Middle East & Africa

Questionnaire answered in the Ferroniobium Market report include:

  • How the market for Ferroniobium has grown?

  • What is the present and future outlook of the global Ferroniobium on the basis of region?

  • What are the challenges and opportunities for the Ferroniobium?

  • Why the consumption of Ferroniobium highest in region?

  • In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

  • Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Ferroniobium market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

  • Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Ferroniobium market, thus, making it different and special from other reports.

  • Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

  • Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Ferroniobium market and assists to create strategies to overcome the obstacles that may hinder the growth of the Ferroniobium market.

  • Leverage: The Ferroniobium market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.

  • Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

  • Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Ferroniobium market.