Niobium Sheet Market Grows on Clean Energy & Quantum Tech Demand, Valued at USD 1.52 Billion by 2030
 
Niobium Sheet Market is poised for significant growth, projected to reach USD 1.52 billion by 2030, expanding at a steady CAGR of 5.8% from 2023. This specialty refractory metal is seeing heightened demand due to its critical role in aerospace, energy, and electronics sectors, where its superior corrosion resistance and high-temperature stability make it indispensable.
Niobium sheets serve as essential components in superconducting magnets for MRI machines, nuclear reactors, and next-generation jet engines. Their non-reactive properties also make them ideal for chemical processing equipment. The market is witnessing an increase in R&D investment, particularly in developing high-purity niobium for quantum computing applications.
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