Rising Demand for Zero-Emission Greenhouse Fuels to Complement Niobium Hydride Market Growth, Says Fact.MR

DONE.MR

“North America is responsible for the majority of niobium hydride consumption, being widely used as a portable source of hydrogen gas. Such dominance opens up new investment opportunities for greenhouse fuel manufacturers. to zero emissions,” says a Fact.MR analyst.

United States, Rockville MD, 04 Jul. 2022 (GLOBE NEWSWIRE) — According to the latest niobium hydride report from Fact.MR, a market research and competitive intelligence provider, the global market is valued at US$40 million and is expected to grow further. at a CAGR of 5.4% over the forecast period 2022-2032.

The steady growth of the market is attributed to the increase in demand for hydrogen gas, which has more than tripled since 1975. Additionally, the number of countries supporting investments in hydrogen technologies is growing rapidly. Companies directly support hydrogen production, with the majority of them focusing on the transport sector. Global spending on hydrogen energy and technologies, development and demonstration by various national governments has increased in recent years, although it remains below the 2008 peak.

Manufacturers have faced many supply chain issues during COVID and production has been halted; but niobium hydride production got back on track at the beginning of the third quarter of 2020 in European countries such as Germany, Italy and France, as well as in the United States. This had a cascading effect on the niobium hydride demand scenario.

Niobium hydride is widely used as a portable source of hydrogen gas. Global hydrogen demand is currently being driven by ammonia production industries and to some extent by the refining industry as well. Pandemic-related travel restrictions and policies in 2020 have reduced refining cycles, reducing demand for hydrogen.

For more market insights, get A Example of this report!

https://www.factmr.com/connectus/sample?flag=S&rep_id=7532

The demand for niobium hydride has grown rapidly over the past few years mainly due to the extensive implementation of hydrogen in several industries such as automotive, aerospace, and general metal manufacturing.

The major players have channeled their efforts towards the development of differentiated, efficient and diversified offers to better meet customer needs. The recent development of niobium hydride has shown promising results and continues to do so, while the reliability, durability and safety of the products are exclusively improved.

The United States is already committed to the hydrogen economy and technology, and companies have invested millions of dollars to create new revenue-generating opportunities from hydrogen gas, primarily in the fuel sector. transport.

Niobium is used in the creation of alloys, including stainless steel; basically it improves the strength of alloys, especially at low temperatures. The Brazilian niobium hydride market is expected to grow at a CAGR of approximately 4.7% over the decade.

Main takeaways from Market Study

  • Most countries are totally dependent on the import of niobium; two major niobium producers are located in Brazil and currently meet 92% of global demand.

  • The United States is focusing more on artificial means of niobium hydride production.

  • Niobium hydride is primarily used as a portable source of hydrogen gas and is mostly available in powder form.

  • North America is expected to capture around 29.3% of the global niobium hydride market share by 2032 and valued at US$19.9 million.

  • Europe is expected to offer an absolute dollar opportunity of US$7.3 million by the end of 2032.

For complete information, ask A Analyst Here

https://www.factmr.com/connectus/sample?flag=AE&rep_id=7532

Winning strategy

To bridge the supply chain gap, niobium hydride manufacturers should focus on long-term contracts with niobium raw material suppliers. Major stakeholders are investing more in mergers and acquisitions of growing niobium manufacturers, which will eventually expand the existing production capacity of niobium hydride materials.

American Elements, Ereztech LLC and NEO are the main niobium hydride companies.

Niobium hydride brands have established strategic partnerships with raw material suppliers to maintain production capacity in factories, which creates attractive absolute dollar opportunities for players operating in this business model.

More valuable information in offer

Fact.MR, in its new offering, presents an unbiased analysis of the niobium hydride market, showcasing historical market data (2017-2021) and forecast statistics for the period 2022-2032.

The study reveals essential information based on six major regions of the world (North America, Latin America, Europe, East Asia, South Asia and Oceania and MEA).

Get customization on this report for specific research solutions

https://www.factmr.com/connectus/sample?flag=RC&rep_id=7532

About Chemicals & Materials Ddivision at Fact.MR

Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced chemicals and materials team help customers around the world meet their unique business intelligence needs. With a repository of over a thousand reports and over a million data points, the team has analyzed the chemical and materials industry in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services.

Discover more studies related to Chemical industryconducted by Fact.MR:

Metallized Films Market – Metallized Films Market By Metal (Aluminum, Other Metals), By Type (Polypropylene, Polyethylene Terephthalate), By End Use (Packaging, Decoration) and By Region – Global Market Overview 2022 to 2032

Polymer Blends & Alloys Market – Polymer Blends & Alloys Market By Type (PC-Based Blends & Alloys, PPE/PPO-Based Blends & Alloys), By Application (Automotive, Electrical & Electronics, Consumer Goods) ) and by Region – Global Market Outlook 2022 to 2032

High Heat Foam Market – High Heat Foam Market Analysis, By Type (Silicone, Polyamide, Melamine, Polyethylene), By Application (Automotive, Rail, Industrial, Aerospace) – Global Market Overview 2022 to 2032

Silicone Release Coatings Market – Analysis of the Silicone Release Coatings market, by release force (low, medium, high), by type (solvent-based, solvent-free), by end-use (packaging industry, Medical, Hygienic Non-Stick Coatings, Bakery and Food Products, Advertising Industry) – Global Market Outlook 2022 to 2032

Sludge Treatment Chemicals Market – Sludge Treatment Chemicals Market By Type (Coagulants, Flocculants, Disinfectants), By Application (Personal Care & Chemicals, Metal Processing, Oil & Gas, Food & Beverage, Pulp & papers, automotive, paints & coatings, mining) & Region – Global Market Outlook 2022 to 2032

Melamine Formaldehyde Market – Melamine Formaldehyde Market By End Use (Laminates, Wood Adhesives, Molding Powders, Coatings), By Form (Liquid, Powder) and By Region – Global Market Overview 2022 to 2032

Homosalate Market – Homosalate Market Analysis, By Form (Liquid, Powder), By Purity (

Sugar-Based Surfactants Market – Sugar-Based Surfactants Market Analysis, By Source (Monomer, Dimer, Polymer), By Application (Home Care Products, Personal Care & Cosmetics, Industrial & Institutional Cleaners, Agricultural Chemicals) , Pharmaceuticals, Oilfield, Cement, Concrete & Plaster), By Type (Alkyl Polyglycoside, Branched Alkyl Polyglycoside, Decyl Polyglycoside, Sucrose Cocoate, Ethoxylated Polyglycoside) – Global Market Overview 2022 to 2032

Squalene Market – Squalene Market Analysis, By Type (Animal-derived, Plant-derived), By End-Use Industry (Cosmetics, Pharmaceuticals, Supplements) – Global Market Overview 2022 to 2032

Polyphenylene Oxide (PPO) Resins Market – Polyphenylene Oxide (PPO) Resins Market Analysis, By Application (Automotive & Transportation, Electronic Components, Household Appliances, Medical Instruments, Air Separation Membranes, Handling fluids) – Global market overview 2022 to 2032

About Us:

Market research and consulting agency that makes the difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. Although our experienced consultants use the latest technology to extract hard-to-find information, we believe that our USP is the trust our clients place in our expertise. Covering a wide range – from automotive and Industry 4.0 to healthcare and retail, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Our sales offices in the USA and Dublin, Ireland. Headquarters based in Dubai, United Arab Emirates. Contact us with your goals and we will be a competent research partner.

Contact:

Mahendra Singh

USA Sales Office:

11140 Rockville Pike

Office 400

Rockville, MD 20852

Email: [email protected]

Tel: +1 (628) 251-158

Back To Top