The Global Hydrated Niobium Oxide (HY-340) Market was valued at USD 284.6 Million in 2024 and is projected to reach USD 412.8 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2024–2030). This robust growth is primarily driven by escalating demand from the electronics sector, advancements in catalyst technologies, and the increasing adoption of HY-340 in emerging applications such as solid oxide fuel cells and lithium-ion battery anodes.

As industries worldwide pivot towards high-performance materials for next-generation technologies, the focus intensifies on the key producers and innovators supplying this critical chemical intermediate. In this blog, we profile the Top 10 Companies in the Hydrated Niobium Oxide (HY-340) Industry—a group of mineral processors, chemical specialists, and technology developers shaping the material’s global supply chain and application landscape.

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🔟 1. CBMM (Companhia Brasileira de Metalurgia e Mineração)

Headquarters: Araxá, Minas Gerais, Brazil
Key Offering: High-Purity HY-340, Niobium-based Catalysts, Specialized Niobium Products

CBMM is the world’s leading supplier of niobium products, commanding a significant share of the global market. The company’s HY-340 is renowned for its high purity and consistent quality, serving as a critical precursor for catalysts and advanced materials. With control over one of the largest niobium reserves, CBMM’s production capacity and technical expertise are unparalleled.

Innovation and Expansion Initiatives:

• Continuous investment in pyrometallurgical and hydrometallurgical processing technologies

• Strategic R&D partnerships for developing new HY-340 applications in energy storage

• Global supply chain optimization to meet rising demand from Asia-Pacific and North America

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9️⃣ 2. Magris Resources

Headquarters: Toronto, Ontario, Canada
Key Offering: HY-340, Ferroniobium, Niobium Pentoxide

Magris Resources, through its ownership of the Niobec mine in Quebec, is a major integrated producer of niobium. The company’s operations encompass mining, concentration, and chemical processing to produce HY-340, positioning it as a key competitor in the North American and European markets.

Innovation and Expansion Initiatives:

• Expansion projects aimed at increasing niobium concentrate production capacity

• Focus on sustainable mining practices and reducing the environmental footprint of chemical processing

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8️⃣ 3. CMOC International

Headquarters: Luoyang, Henan, China
Key Offering: HY-340, Niobium Metals, Tantalum-Niobium Concentrates

CMOC International (China Molybdenum Co., Ltd.) is a dominant global force in mining and metals, with significant niobium assets acquired through its ownership of the Catalão mine in Brazil. The company is a critical supplier of HY-340, particularly to the massive Asian electronics and industrial markets.

Innovation and Expansion Initiatives:

• Vertical integration strategy from mining to high-purity chemical production

• Significant investment in logistics to streamline the supply chain from South America to Asia

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7️⃣ 4. ALKANE RESOURCES LTD

Headquarters: Perth, Western Australia, Australia
Key Offering: HY-340, Tantalum Pentoxide, Zirconium Chemicals

Alkane Resources is a diversified mining company with a growing focus on critical minerals, including niobium from its Dubbo Project in New South Wales. The company is developing its position as a supplier of high-purity HY-340, catering to the high-tech materials sector with an emphasis on traceability and quality.

Innovation and Expansion Initiatives:

• Development of the Dubbo Polyproject to produce a suite of critical minerals, including niobium products

• Focus on producing battery-grade niobium materials for the electric vehicle supply chain

Download FREE Sample Report: Global Hydrated Niobium Oxide (HY-340) Market – View in Detailed Research Report

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6️⃣ 5. Pilbara Minerals

Headquarters: West Perth, Western Australia, Australia
Key Offering: Spodumene Concentrate (Lithium), Tantalite Concentrate, Niobium By-product Streams

While primarily known as a lithium producer, Pilbara Minerals recovers niobium and tantalum as by-products from its Pilgangoora Operation. The company is increasingly recognizing the value of its niobium stream and is exploring pathways to further process it into higher-value products like HY-340.

Innovation and Expansion Initiatives:

• Optimization of mineral processing circuits to enhance niobium recovery rates

• Partnership evaluations for the downstream chemical processing of niobium concentrates

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5️⃣ 6. MPM Holdings (Previously known as AMG Critical Materials)

Headquarters: Wayne, Pennsylvania, USA
Key Offering: Advanced Niobium Oxides, Vanadium Chemicals, Lithium Products

MPM Holdings is a global critical materials company with expertise in processing complex ores. Its advanced materials segment has the capability to produce specialized niobium oxides, including high-grade HY-340, for demanding applications in catalysis and aerospace.

Innovation and Expansion Initiatives:

• R&D focused on developing ultra-high-purity niobium compounds for electronic applications

• Strategic focus on supplying the North American defense and technology sectors

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4️⃣ 7. Taki Chemical Co., Ltd.

Headquarters: Koga, Ibaraki, Japan
Key Offering: HY-340, Niobium Ethoxide, Other Niobium Alkoxides

Taki Chemical is a leading Japanese manufacturer of high-purity metal organics and inorganic chemicals. The company is a key supplier of HY-340 in the Asia-Pacific region, with a strong reputation for quality and consistency, particularly serving the electronics and ceramic capacitor industries.

Innovation and Expansion Initiatives:

• Specialization in the synthesis of niobium precursors for thin-film deposition (CVD/ALD)

• Close collaboration with Japanese electronics giants to develop custom niobium solutions

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3️⃣ 8. Treibacher Industrie AG

Headquarters: Althofen, Carinthia, Austria
Key Offering: HY-340, Tantalum Powders, Niobium Metal Powders

Treibacher Industrie is a major European producer of specialty metals and chemicals. With a long history in refractory metals, the company produces high-quality HY-340 that is essential for manufacturing catalysts and specialty ceramics used in harsh environments.

Innovation and Expansion Initiatives:

• Investment in refining technologies to achieve superior purity levels for technical applications

• Strong focus on the European chemical and automotive catalyst markets

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2️⃣ 9. H.C. Starck Tungsten GmbH

Headquarters: Goslar, Lower Saxony, Germany
Key Offering: Niobium and Tantalum Powders, HY-340, Metal-Ceramic Composites

As a subsidiary of Masan High-Tech Materials, H.C. Starck is a global technology leader in refractory metals. The company’s expertise extends to the production of high-purity HY-340, which is critical for its downstream products, including niobium capacitors and superalloys.

Innovation and Expansion Initiatives:

• Development of nano-niobium oxides for enhanced catalytic and energy storage performance

• Integration with Masan’s supply chain to ensure consistent raw material feed from Vietnam

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1️⃣ 10. JX Nippon Mining & Metals Corporation

Headquarters: Tokyo, Japan
Key Offering: HY-340, High-Purity Metals, Sputtering Targets

JX Nippon Mining & Metals is a key player in Japan’s advanced materials sector. The company utilizes HY-340 as a foundational material for producing high-purity niobium metals and sputtering targets, which are essential for the semiconductor and display manufacturing industries.

Innovation and Expansion Initiatives:

• Pioneering research into niobium-based thin films for next-generation semiconductors

• Strategic alliances with global electronics manufacturers to co-develop new materials

Get Full Report Here: Global Hydrated Niobium Oxide (HY-340) Market – View in Detailed Research Report

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🌍 Outlook: The Future of Hydrated Niobium Oxide (HY-340) Is High-Tech and High-Growth

The Hydrated Niobium Oxide (HY-340) market is experiencing a transformative phase. While its traditional use in catalysts remains strong, the industry is witnessing a significant demand surge from cutting-edge sectors like solid-state batteries, green hydrogen production, and advanced electronics.

📈 Key Trends Shaping the Market:

• Accelerated adoption of niobium in lithium-ion battery anodes to enhance charging speed and cycle life

• Growing R&D in niobium-based catalysts for petrochemical refining and emission control systems

• Increasing investment in securing sustainable and traceable supply chains for critical minerals

• Rising demand from the aerospace and defense sectors for niobium-enhanced superalloys and ceramics

Get Full Report Here: Global Hydrated Niobium Oxide (HY-340) Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial material—they are enabling the technological advancements that will define the coming decade.