Global Molybdenum Market, By Product Type (Steel, Chemicals, Foundries, Mo-Metals, Nickel Alloy and Others), Application (Full Alloy, Stainless-Steel, Cast Iron and Catalysis), End-Use (Steel, Oil and Gas, Chemical, Automotive, Energy and Power, Medical, Aerospace and Transportation), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
The molybdenum market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to reach at an estimated value of USD 5.7 billion by 2029 and to grow at a CAGR of 2.50% in the above-mentioned forecast period.
Molybdenum is a chemical element with corrosion resistance, ability to hold shape, strength and ability to operate at high temperatures and a low degree of thermal expansion properties. Molybdenum is lightweight, silver-white lustrous metal and reminiscence to tin and is a by-product of copper mining.
The rise in the adoption of molybdenum in aerospace and defense sector, thermal spray coatings is the root cause fueling up the market growth rate. Additionally, the adoption of molybdenum in the medical equipment, electrical and electronic devices due to its high electrical conductivity will further carve the way for the growth of market. However, high price of molybdenum impede growth of the molybdenum market.
The growing demand for rising adoption of molybdenum and its alloys in electronics and electrical devices are estimated to generate numerous opportunities for the market. On the flip side, molybdenum is not suitable for continuous temperatures above 500 °C in an oxidized atmosphere unless it is protected by a coating pose as a major challenge to the growth of the molybdenum market.
This molybdenum market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on molybdenum market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Molybdenum Market Scope and Market Size
The molybdenum market is segmented on the basis of product type, end-use and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product type, the molybdenum market is segmented into steel, chemicals, foundries, MO-metals, nickel alloy and others.
- On the basis of application, the molybdenum market is segmented into full alloy, stainless-steel, cast iron and catalysis.
- Based on end-use, the molybdenum market is segmented into steel, oil and gas, chemical, automotive, energy and power, medical, aerospace and transportation.
Molybdenum Market Country Level Analysis
The molybdenum market is analyzed and market size, volume information is provided by product type, end-use and application as referenced above.
The countries covered in the molybdenum market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is estimated to dominate the molybdenum market owing to the rising adoption of molybdenum and its alloys in electrical and electronics devices and government’s initiatives aiming towards green and efficient capacity which produces specialty steel within the region. North America, on the other hand, will continue to however show lucrative growth within the forecast period owing to the growing demand for molybdenum from oil and gas and aerospace and defense industry.
The country section of the molybdenum market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Molybdenum Market Share Analysis
The molybdenum market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to molybdenum market.
Some of the major players covered in the molybdenum market report are Freeport-McMoRan, China China Molybdenum Co., Ltd., BHP Billiton Group, Compania Minera Dona Ines De Collahuasi S.C.M., Antamina., Centerra Gold IncAntofagasta plc, American CuMo Mining, Grupo México, S.A.B. de C.V.,. Shaanxi Non-ferrous Metals Holding Group Co., Ltd., Antofagasta plc., Moly metal L.L.P, ENF Ltd., Jinduicheng Molybdenum Co,Ltd, CODELCO, Southern Copper Corporation, among others.