- The molybdenum market is seeing steady demand due to its crucial role in producing high-strength steel and various alloys used in industries such as construction, automotive, and aerospace
- There is growing interest in molybdenum's use in energy-efficient technologies, including solar panels and batteries, which is expected to drive further market expansion
- Asia-Pacific is expected to dominate the molybdenum market due to its high consumption in steel production, large reserves, and significant demand from key industrial sectors such as electronics, automotive, and construction
- North America is expected to be the fastest-growing region in the molybdenum market during the forecast period due to increasing demand from aerospace, defence, and energy sectors, alongside investments in infrastructure and clean energy technologies
- The steel segment is expected to dominate the molybdenum market with the largest share of 67.8% in 2025 due to its extensive use in construction, energy, and automotive industries where molybdenum enhances strength, heat resistance, and corrosion protection in steel alloys
