1. Global Niobium Pentoxide (Nb2O5) Market Production Analysis by Manufacturer
In 2018, the global total production of niobium pentoxide (Nb2O5) was 9938.4 tons, which increased to 12403.9 tons in 2023, showing the expansion of the niobium pentoxide market and the increase in demand.
CBMM’s production increased from 4351.5 tons in 2018 to 5413.0 tons in 2023, an increase of almost 1100 tons, continuing to maintain its position as the market leader. Ximei Group’s production also increased significantly, from 875.3 tons in 2018 to 1221.9 tons in 2023. Solikamsk Magnesium Works’ production reached 800.1 tons in 2023, a significant increase from 668.7 tons in 2018. Most other companies showed significant growth.
Table Global Niobium Pentoxide (Nb2O5) Production (Tons) by Manufacturer (2018-2023)
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
CBMM |
4351.5 |
5289.5 |
4368.7 |
5262.5 |
5047.3 |
5413.0 |
|
Ximei Group |
875.3 |
1186.5 |
1336.2 |
1081.2 |
1126.2 |
1221.9 |
|
Solikamsk Magnesium Works |
668.7 |
659.3 |
617.4 |
581.3 |
777.1 |
800.1 |
|
Mitsui Kinzoku |
630.1 |
653.7 |
610.2 |
676.7 |
534.2 |
573.0 |
|
Ningxia Orient Tantalum Industry Co |
427.1 |
466.8 |
493.0 |
551.9 |
525.4 |
566.3 |
|
KING-TAN Tantalum |
392.7 |
411.4 |
390.2 |
393.1 |
420.0 |
444.8 |
|
AMG |
413.2 |
433.9 |
418.1 |
495.5 |
560.6 |
595.4 |
|
Materion |
371.6 |
394.3 |
358.4 |
394.5 |
420.3 |
442.8 |
|
MPIL |
401.5 |
422.9 |
389.7 |
389.0 |
431.0 |
456.3 |
|
Taki Chemical |
320.4 |
326.6 |
308.2 |
292.3 |
294.2 |
314.8 |
|
Guangdong Lingguang New Material Co |
188.9 |
201.9 |
222.2 |
345.2 |
461.3 |
488.5 |
|
F&X Electro-Materials Limited |
127.2 |
132.4 |
143.2 |
145.9 |
150.3 |
157.6 |
|
JX Nippon Mining and Metals Corporation |
150.3 |
146.3 |
142.2 |
142.5 |
147.7 |
155.6 |
|
Jiujiang ZhongAo Tantalum and Niobium Co.,Ltd |
81.9 |
90.3 |
95.1 |
98.9 |
107.3 |
114.2 |
|
Others |
538.0 |
566.1 |
590.6 |
603.9 |
615.1 |
659.5 |
|
Total |
9938.4 |
11381.7 |
10483.3 |
11454.2 |
11618.1 |
12403.9 |
CBMM’s market share slightly decreased from 43.78% in 2018 to 43.64% in 2023, but CBMM remains the market leader. Ximei Group’s market share increased significantly, from 8.81% in 2018 to 9.85% in 2023, becoming the second largest producer in the market. Solikamsk Magnesium Works’ market share reached 6.45% in 2023, down from 6.73% in 2018. Mitsui Kinzoku’s market share was 4.62% in 2023, also down from 6.34% in 2018. Meanwhile, some companies such as Ningxia Orient Tantalum Industry Co and AMG saw their market shares rise in 2023, reaching 4.57% and 4.80%, respectively.
Overall, the market competition is fierce and the market shares of various companies have fluctuated, but CBMM still dominates the market, while other companies are working hard to increase their market share.
Table Global Niobium Pentoxide (Nb2O5) Production Market Share by Manufacturer (2018-2023)
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
CBMM |
43.78% |
46.47% |
41.67% |
45.94% |
43.44% |
43.64% |
|
Ximei Group |
8.81% |
10.42% |
12.75% |
9.44% |
9.69% |
9.85% |
|
Solikamsk Magnesium Works |
6.73% |
5.79% |
5.89% |
5.07% |
6.69% |
6.45% |
|
Mitsui Kinzoku |
6.34% |
5.74% |
5.82% |
5.91% |
4.60% |
4.62% |
|
Ningxia Orient Tantalum Industry Co |
4.30% |
4.10% |
4.70% |
4.82% |
4.52% |
4.57% |
|
KING-TAN Tantalum |
3.95% |
3.61% |
3.72% |
3.43% |
3.62% |
3.59% |
|
AMG |
4.16% |
3.81% |
3.99% |
4.33% |
4.83% |
4.80% |
|
Materion |
3.74% |
3.46% |
3.42% |
3.44% |
3.62% |
3.57% |
|
MPIL |
4.04% |
3.72% |
3.72% |
3.40% |
3.71% |
3.68% |
|
Taki Chemical |
3.22% |
2.87% |
2.94% |
2.55% |
2.53% |
2.54% |
|
Guangdong Lingguang New Material Co |
1.90% |
1.77% |
2.12% |
3.01% |
3.97% |
3.94% |
|
F&X Electro-Materials Limited |
1.28% |
1.16% |
1.37% |
1.27% |
1.29% |
1.27% |
|
JX Nippon Mining and Metals Corporation |
1.51% |
1.29% |
1.36% |
1.24% |
1.27% |
1.25% |
|
Jiujiang ZhongAo Tantalum and Niobium Co.,Ltd |
0.82% |
0.79% |
0.91% |
0.86% |
0.92% |
0.92% |
|
Others |
5.41% |
4.97% |
5.63% |
5.27% |
5.29% |
5.32% |
|
Total |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
2. Global Niobium Pentoxide (Nb2O5) Market Revenue Analysis by Manufacturer
CBMM’s niobium pentoxide (Nb2O5) business revenue increased by $88.38 million from $148.52 million in 2018 to $236.90 million in 2023, showing its dominant position in the market. Ximei Group’s revenue growth was also very significant, almost doubling from $30.44 million in 2018 to $54.60 million in 2023. Solikamsk Magnesium Works’ revenue reached $37.24 million in 2023, a slight increase from $25.11 million in 2018. Mitsui Kinzoku’s revenue was $26.66 million in 2023, an increase from $24.02 million in 2018. Ningxia Orient Tantalum Industry Co.’s revenue was $25.81 million in 2023, nearly doubling from $15.30 million in 2018.
In general, the major players in the niobium pentoxide market have seen revenue growth, with CBMM and Ximei Group achieving particularly impressive growth.
Table Global Niobium Pentoxide (Nb2O5) Revenue (M USD) by Manufacturer (2018-2023)
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
CBMM |
148.52 |
162.53 |
144.17 |
203.63 |
213.66 |
236.90 |
|
Ximei Group |
30.44 |
36.74 |
44.96 |
42.34 |
48.53 |
54.60 |
|
Solikamsk Magnesium Works |
25.11 |
22.79 |
22.84 |
24.95 |
35.04 |
37.24 |
|
Mitsui Kinzoku |
24.02 |
22.10 |
21.97 |
28.18 |
24.14 |
26.66 |
|
Ningxia Orient Tantalum Industry Co |
15.30 |
14.91 |
16.76 |
21.69 |
23.26 |
25.81 |
|
KING-TAN Tantalum |
15.75 |
14.83 |
15.22 |
17.96 |
20.77 |
22.82 |
|
AMG |
15.61 |
14.58 |
15.05 |
20.62 |
25.69 |
28.17 |
|
Materion |
14.08 |
13.29 |
12.90 |
16.68 |
19.33 |
21.00 |
|
MPIL |
13.47 |
12.74 |
12.47 |
14.37 |
17.28 |
18.81 |
|
Taki Chemical |
11.73 |
10.64 |
10.79 |
11.83 |
13.12 |
14.51 |
|
Guangdong Lingguang New Material Co |
7.04 |
6.72 |
8.00 |
14.25 |
21.19 |
23.28 |
|
F&X Electro-Materials Limited |
4.90 |
4.62 |
5.30 |
6.23 |
6.95 |
7.49 |
|
JX Nippon Mining and Metals Corporation |
5.61 |
4.97 |
5.26 |
6.12 |
7.00 |
7.67 |
|
Jiujiang ZhongAo Tantalum and Niobium Co.,Ltd |
2.99 |
3.03 |
3.33 |
4.03 |
4.77 |
5.18 |
|
Others |
18.35 |
17.47 |
19.65 |
23.36 |
26.17 |
28.98 |
|
Average Price |
352.92 |
361.96 |
358.67 |
456.25 |
506.90 |
559.14 |
From 2018 to 2023, CBMM’s revenue share in the global niobium pentoxide (Nb2O5) market has always remained above 40%, demonstrating its leadership in the market. CBMM’s market share was 42.08% in 2018 and slightly increased to 42.37% in 2023, indicating that its market share is relatively stable. Ximei Group’s market share increased from 8.63% in 2018 to 9.76% in 2023, showing a significant growth trend and becoming the second largest player in the market. Solikamsk Magnesium Works’ market share was 6.66% in 2023, down from 7.12% in 2018. Mitsui Kinzoku’s market share was 4.77% in 2023, also down from 6.81% in 2018.
Table Global Niobium Pentoxide (Nb2O5) Revenue Market Share by Manufacturer (2018-2023)
|
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
CBMM |
42.08% |
44.90% |
40.19% |
44.63% |
42.15% |
42.37% |
|
Ximei Group |
8.63% |
10.15% |
12.54% |
9.28% |
9.57% |
9.76% |
|
Solikamsk Magnesium Works |
7.12% |
6.30% |
6.37% |
5.47% |
6.91% |
6.66% |
|
Mitsui Kinzoku |
6.81% |
6.10% |
6.12% |
6.18% |
4.76% |
4.77% |
|
Ningxia Orient Tantalum Industry Co |
4.33% |
4.12% |
4.67% |
4.75% |
4.59% |
4.62% |
|
KING-TAN Tantalum |
4.46% |
4.10% |
4.24% |
3.94% |
4.10% |
4.08% |
|
AMG |
4.42% |
4.03% |
4.20% |
4.52% |
5.07% |
5.04% |
|
Materion |
3.99% |
3.67% |
3.60% |
3.66% |
3.81% |
3.76% |
|
MPIL |
3.82% |
3.52% |
3.48% |
3.15% |
3.41% |
3.36% |
|
Taki Chemical |
3.32% |
2.94% |
3.01% |
2.59% |
2.59% |
2.60% |
|
Guangdong Lingguang New Material Co |
1.99% |
1.86% |
2.23% |
3.12% |
4.18% |
4.16% |
|
F&X Electro-Materials Limited |
1.39% |
1.28% |
1.48% |
1.36% |
1.37% |
1.34% |
|
JX Nippon Mining and Metals Corporation |
1.59% |
1.37% |
1.47% |
1.34% |
1.38% |
1.37% |
|
Jiujiang ZhongAo Tantalum and Niobium Co.,Ltd |
0.85% |
0.84% |
0.93% |
0.88% |
0.94% |
0.93% |
|
Others |
5.20% |
4.83% |
5.48% |
5.12% |
5.16% |
5.18% |
|
Average Price |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
3. CBMM Niobium Pentoxide (Nb2O5) Market Analysis
3.1 CBMM Business Overview
CBMM is a Brazilian company that specializes in the processing and technology of niobium, extracted from its pyrochlore mine near the city of Araxá, in the Brazilian state of Minas Gerais. The company was founded in 1955. They have become the global leader in the production and commercialization of Niobium products, serving more than 400 customers in over 40 countries.
3.2 Niobium Pentoxide (Nb2O5) Product Portfolio
Araxa pyrochlore is processed and converted by CBMM into five distinct products: Standard-grade ferro-niobium, Vacuum-grade ferro-niobium and Nickel-niobium, High-purily niobium oxide and Optical- grade niobium oxide. Standard-grade ferro-niobium is used as an alloying element in steelmaking, mainly in HSLA steels for oil and gas pipelines, structural steel, offshore diling platforms, rebar, rails and automotive applications. Vacuum-grade master-alloys are used in the production of superalloys and highalloy steels, most importantly for turbine engines. Niobium oxide is the primary material for making vacuum grade alloys, also for producing pure niobium metal and its refractory and superconducting alloys. Exceptionally pure oxide is needed for niobium’ s emerging optical and electronic uses.
3.3 CBMM Niobium Pentoxide (Nb2O5) Market Performance
From 2018 to 2023, CBMM has shown a steady growth trend in the production volume, revenue, price and gross profit margin of niobium pentoxide (Nb2O5). In 2018, CBMM’s production volume was 4351.5 tons, which increased to 5413.0 tons in 2023, showing the expansion of its production capacity. During the same period, CBMM’s price of niobium pentoxide increased from US$34/kg to US$44/kg. In terms of revenue, CBMM increased from US$148.52 million in 2018 to US$236.90 million in 2023, indicating its leading position in the market. CBMM’s gross profit margin was 28.44% in 2018, which slightly increased to 28.69% in 2023, showing its stability in cost control and profitability. Overall, CBMM has shown strong growth and a stable market position in production, revenue and profitability in the niobium pentoxide market.
Table CBMM Niobium Pentoxide (Nb2O5) Production, Revenue, Price and Gross Margin (2018-2023)
|
CBMM |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Production (Tons) |
4351.5 |
5289.5 |
4368.7 |
5262.5 |
5047.3 |
5413.0 |
|
Price (USD/Kg) |
34 |
31 |
33 |
39 |
42 |
44 |
|
Revenue (M USD) |
148.52 |
162.53 |
144.17 |
203.63 |
213.66 |
236.90 |
|
Gross (M USD) |
42.24 |
49.89 |
41.32 |
56.51 |
60.84 |
67.95 |
|
Gross Margin |
28.44% |
30.69% |
28.66% |
27.75% |
28.48% |
28.69% |
CBMM’s niobium pentoxide (Nb2O5) production experienced fluctuations between 2018 and 2023. The production in 2018 was 4351.5 tons, which increased to 5289.5 tons in 2019, but fell to 4368.7 tons in 2020. It then increased to 5262.5 tons and 5047.3 tons in 2021 and 2022, respectively, and rose to 5413.0 tons in 2023. In terms of growth rate, it increased by 21.56% from 2018 to 2019, but fell by 17.41% in 2020. The growth rate rebounded to 20.46% in 2021, fell by 4.09% in 2022, and increased by 7.25% in 2023. Overall, CBMM’s production showed a trend of first increasing, then decreasing, and then recovering during this period.
Figure CBMM Production and Growth Rate
