1. Global Niobium Pentoxide (Nb2O5) Market Production Analysis by Regions
From 2018 to 2023, the global production of niobium pentoxide (Nb2O5) generally shows an upward trend. The global total production in 2018 was 9938.4 tons, which increased to 12403.9 tons in 2023. Among them, China’s production growth was the most significant, from 2144.7 tons in 2018 to 3629.4 tons in 2023. Latin America had the highest production, from 4503.1 tons in 2018 to 4853.6 tons in 2023. In contrast, the production growth in North America and Europe was relatively stable, with North America increasing from 1136.0 tons in 2018 to 1425.2 tons in 2023, and Europe increasing from 806.0 tons in 2018 to 1048.1 tons in 2023. Japan’s production reached 1080.4 tons in 2023. This reflects the expansion of the global niobium pentoxide market and the enhancement of production capacity in different regions.
Table Global Niobium Pentoxide (Nb2O5) Production (Tons) by Regions 2018-2023
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
North America |
1136.0 |
1293.0 |
1123.8 |
1298.9 |
1325.6 |
1425.2 |
|
Europe |
806.0 |
919.6 |
805.1 |
946.1 |
972.4 |
1048.1 |
|
China |
2144.7 |
2509.7 |
2587.3 |
3045.7 |
3267.0 |
3629.4 |
|
Japan |
1040.5 |
1186.0 |
1035.7 |
1046.9 |
1039.8 |
1080.4 |
|
Latin America |
4503.1 |
5081.9 |
4588.5 |
4713.4 |
4660.0 |
4853.6 |
|
Others |
308.1 |
391.5 |
342.8 |
403.2 |
353.2 |
367.2 |
|
Total |
9938.4 |
11381.7 |
10483.3 |
11454.2 |
11618.1 |
12403.9 |
Latin America’s production market share decreases from 45.31% in 2018 to 39.13% in 2023, indicating a weakening of its dominance in the global market. At the same time, China’s market share increases from 21.58% in 2018 to 29.26% in 2023, indicating a significant increase in China’s share of global niobium pentoxide production. The market shares of North America and Europe are relatively stable, with North America slightly increasing from 11.43% in 2018 to 11.49% in 2023, and Europe increasing from 8.11% in 2018 to 8.45% in 2023. Japan’s market share is 8.71% in 2023, down from 10.47% in 2018. The market share of other regions does not change much throughout the period, remaining at around 3%. Overall, China’s market share has increased most significantly, while Latin America’s market share has declined.
Table Global Niobium Pentoxide (Nb2O5) Production Market Share by Regions 2018-2023
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
North America |
11.43% |
11.36% |
10.72% |
11.34% |
11.41% |
11.49% |
|
Europe |
8.11% |
8.08% |
7.68% |
8.26% |
8.37% |
8.45% |
|
China |
21.58% |
22.05% |
24.68% |
26.59% |
28.12% |
29.26% |
|
Japan |
10.47% |
10.42% |
9.88% |
9.14% |
8.95% |
8.71% |
|
Latin America |
45.31% |
44.65% |
43.77% |
41.15% |
40.11% |
39.13% |
|
Others |
3.10% |
3.44% |
3.27% |
3.52% |
3.04% |
2.96% |
|
Total |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
2. Global Niobium Pentoxide (Nb2O5) Market Revenue Analysis by Regions
From 2018 to 2023, the global niobium pentoxide (Nb2O5) market revenue generally shows an upward trend. The global total revenue in 2018 was US$352.92 million, and it will increase to US$559.14 million in 2023. Among them, China’s market revenue growth is the most significant, from US$73.26 million in 2018 to US$158.11 million in 2023. Latin America has the highest market revenue, from US$159.77 million in 2018 to US$217.64 million in 2023. In contrast, the market revenue growth in North America and Europe is relatively stable, with North America increasing from US$40.98 million in 2018 to US$66.04 million in 2023, and Europe increasing from US$31.13 million in 2018 to US$52.80 million in 2023. Japan’s market revenue will reach US$48.93 million in 2023.
Table Global Niobium Pentoxide (Nb2O5) Revenue (M USD) by Regions 2018-2023
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
North America |
40.98 |
41.00 |
39.72 |
53.81 |
58.99 |
66.04 |
|
Europe |
31.13 |
31.86 |
30.00 |
41.21 |
47.34 |
52.80 |
|
China |
73.26 |
76.89 |
85.09 |
116.69 |
137.77 |
158.11 |
|
Japan |
37.57 |
38.74 |
36.14 |
42.09 |
45.70 |
48.93 |
|
Latin America |
159.77 |
161.89 |
156.82 |
187.42 |
202.57 |
217.64 |
|
Others |
10.20 |
11.58 |
10.91 |
15.02 |
14.53 |
15.62 |
|
Total |
352.92 |
361.96 |
358.67 |
456.25 |
506.90 |
559.14 |
Latin America’s revenue market share decreases from 45.27% in 2018 to 38.92% in 2023, while China’s market share increases from 20.76% in 2018 to 28.28% in 2023. The market shares of North America and Europe are relatively stable, with North America increasing slightly from 11.61% in 2018 to 11.81% in 2023, and Europe increasing from 8.82% in 2018 to 9.44% in 2023. Japan’s market share is 8.75% in 2023, down from 10.65% in 2018. The market share of other regions does not change much throughout the period, remaining at around 3%.
Table Global Niobium Pentoxide (Nb2O5) Revenue Market Share by Regions 2018-2023
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
North America |
11.61% |
11.33% |
11.07% |
11.79% |
11.64% |
11.81% |
|
Europe |
8.82% |
8.80% |
8.36% |
9.03% |
9.34% |
9.44% |
|
China |
20.76% |
21.24% |
23.72% |
25.58% |
27.18% |
28.28% |
|
Japan |
10.65% |
10.70% |
10.07% |
9.23% |
9.02% |
8.75% |
|
Latin America |
45.27% |
44.72% |
43.72% |
41.08% |
39.96% |
38.92% |
|
Others |
2.89% |
3.20% |
3.04% |
3.29% |
2.87% |
2.79% |
|
Total |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
3. North America Niobium Pentoxide (Nb2O5) Market Analysis
From 2018 to 2023, the production of niobium pentoxide (Nb2O5) in North America experienced fluctuations, but generally showed an upward trend. The production in 2018 was 1136.0 tons, and it increased to 1293.0 tons in 2019, with a growth rate of 13.82%. In 2020, the production fell to 1123.8 tons, with a growth rate of -13.08%. In 2021, the production rebounded to 1298.9 tons, with a growth rate of 15.58%. In 2022, the production rose to 1325.6 tons, with a growth rate of 2.06%. In 2023, the production increased to 1425.2 tons, with a growth rate of 7.51%.
Figure North America Niobium Pentoxide (Nb2O5) Production (Tons) and Growth Rate (2018-2023)
4. Europe Niobium Pentoxide (Nb2O5) Market Analysis
The production of niobium pentoxide (Nb2O5) in Europe was 806.0 tons in 2018, and increased to 919.6 tons in 2019, with a growth rate of 14.10%. In 2020, the production volume dropped to 805.1 tons, with a growth rate of -12.45%. In 2021, the production volume rebounded to 946.1 tons, with a growth rate of 17.51%. In 2022, the production volume rose slightly to 972.4 tons, with a growth rate of 2.78%. In 2023, the production volume increased to 1048.1 tons, with a growth rate of 7.78%.
Figure Europe Niobium Pentoxide (Nb2O5) Production (Tons) and Growth Rate (2018-2023)
5. China Niobium Pentoxide (Nb2O5) Market Analysis
China’s production of niobium pentoxide (Nb2O5) was 2144.7 tons in 2018, and increased to 2509.7 tons in 2019, a growth rate of 17.02%. In 2020, production rose slightly to 2587.3 tons, a growth rate of 3.09%. In 2021, production rose to 3045.7 tons, a growth rate of 17.72%. In 2022, production continued to rise to 3267.0 tons, a growth rate of 7.27%. In 2023, production increased to 3629.4 tons, a growth rate of 11.09%.
Figure China Niobium Pentoxide (Nb2O5) Production (Tons) and Growth Rate (2018-2023)
6. Japan Niobium Pentoxide (Nb2O5) Market Analysis
Japan’s production of niobium pentoxide (Nb2O5) was 1,040.5 tons in 2018, and increased to 1,186.0 tons in 2019, with a growth rate of 13.982%. In 2020, the production volume dropped to 1,035.7 tons, with a growth rate of -12.67%. In 2021, the production volume slightly rebounded to 1,046.9 tons, with a growth rate of 1.08%. In 2022, the production volume slightly dropped to 1,039.8 tons, with a growth rate of -0.68%. In 2023, the production volume increased to 1,080.4 tons, with a growth rate of 3.90%.
Figure Japan Niobium Pentoxide (Nb2O5) Production (Tons) and Growth Rate (2018-2023)
7. Latin America Niobium Pentoxide (Nb2O5) Market Analysis
The production of niobium pentoxide (Nb2O5) in Latin America was 4503.1 tons in 2018, and increased to 5081.9 tons in 2019, with a growth rate of 12.85%. In 2020, the production volume dropped to 4588.5 tons, with a growth rate of -9.71%. In 2021, the production volume rebounded to 4713.4 tons, with a growth rate of 2.72%. In 2022, the production volume dropped slightly to 4660.0 tons, with a growth rate of -1.13%. In 2023, the production volume increased to 4853.6 tons, with a growth rate of 4.15%.
Figure Latin America Niobium Pentoxide (Nb2O5) Production (Tons) and Growth Rate (2018-2023)
