The global outlook for niobium
In a recent report by Mordor Intelligence, the Niobium market size was projected to be 97.21 kilotons in 2023, with an anticipated increase to 156.01 kilotons by 2028, reflecting a robust Compound Annual Growth Rate (CAGR) of 9.92% over the next five years.
The primary increase in demand is attributed to its widespread use in the steel industry, driven by the growing preference for sustainable and lightweight materials, particularly with reduced CO2 footprints. Additionally, the development of next-generation batteries is expected to contribute significantly to this growth. These trends are closely tied to the upswing in construction activities, especially in the Asia-Pacific region, and the emphasis on e-mobility and energy storage technologies, serving as pivotal factors driving demand during this period.
Source : minespider
The global outlook for niobiumIn a recent report by Mordor...
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