The global demand for Molybdenum Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Molybdenum is a hard transition metal which occurs commonly in the form of an ore called molybdenite. Molybdenum is used to produce various alloys for different industries and is an essential micronutrient needed by a living being. Molybdenum is less toxic and has versatile chemical properties which make it a suitable candidate for several applications. Molybdenum is used as a raw material in various industries like steel, electronics, automotive, defence, chemical, aerospace, medical and oil & gas. It exhibits several chemical properties suitable for being used as a catalyst and a corrosion inhibitor. Alloys of molybdenum are used in equipment used for processing materials and heavy-duty furnaces.
The increasing demand for steel is a major driver for the growth of the molybdenum market since molybdenum is used in various stages of steel production. The consumption of steel continues to grow in various industries like transportation, construction and automotive and hence this boosts the growth of the molybdenum market. The use of molybdenum in electronics will further propel market growth due to the ever-increasing demand for innovative technologies. Ever-expanding oilman's gas industry will increase the demand for molybdenum, a critical element used in these industrial plants. The COVID-19 pandemic will not affect this market a great deal and the demand for molybdenum will remain stable. The high price of molybdenum and its inability to withstand high temperatures can hamper the growth of the molybdenum market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of molybdenum.
The entire molybdenum market has been sub-categorized into end product and end-user industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End Product
By End-User Industry
- Nickel Alloy
- Other End Products
- Oil and Gas
- Chemical and Petrochemical
- Industrial Usage
- Building and Construction
- Aerospace and Defense
- Other End-User Industries
This section covers regional segmentation which accentuates on current and future demand for molybdenum market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Molybdenum Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the molybdenum market include Anglo American, Antofagasta plc, China Molybdenum Co. Ltd., Codelco, Freeport-McMoRan, Grupo Mexico, Jinduicheng molybdenum group Co. Ltd., MOLTUN, Rio Tinto, Thompson Creek Metals Company Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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