Forecast of Global Niobium Carbide Players Market 2023

Global Niobium Carbide Market will register a 4.6% CAGR in terms of revenue, reach US$ 47 million by 2023, from US$ 36 million in 2017. Niobium carbide is an extremely hard refractory ceramic material, commercially used in tool bits for cutting tools. It is usually processed by sintering and is a frequent additive as grain growth inhibitor in cemented carbides. It has the appearance of a brown-gray metallic powder with purple lustre.