![[Market Report] The Global Niobium Market](https://image.mono.ipros.com/public/product/image/533/2001048063/IPROS01430432012442027737.jpeg?w=280&h=280)
[Market Report] The Global Niobium Market
The global market for niobium is expected to surge, reaching 2.221 billion USD by 2031.
The global market for niobium, which plays an important role in various industries, is poised for remarkable growth in the coming years. This versatile market recorded significant sales of approximately 1.64 billion USD in 2022 and is expected to rise to an estimated 2.221 billion USD by 2031. This impressive trajectory is supported by a solid compound annual growth rate (CAGR) of 3.61% during the forecast period from 2023 to 2031. Niobium, represented by the symbol Nb and atomic number 41, is a remarkable chemical element that boasts several distinctive properties. This soft, rare, grayish-white metal exhibits ductility, malleability, and a body-centered cubic crystal structure. Chemically and physically, niobium is quite similar to tantalum. However, niobium is reactive with carbon, oxygen, nitrogen, halogens, and sulfur, so care must be taken when handling it, especially in protective environments. While it is sensitive to high temperatures, concentrated acids, alkalis, and oxidizers, it remains inert to acids, including the notorious aqua regia, at standard temperatures. For application methods, please check the [PDF download] button or apply directly through the relevant links.
- Company：Panorama Data Insights Ltd.
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