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Global Molybdenum Market Share, Growth, Analysis, Report: By Product Type: Steel, Chemical, Foundry, MO-Metal, Nickel Alloy, Others; By End Use: Oil and Gas, Chemical and Petrochemical, Automotive, Industrial Usage, Building and Construction, Aerospace and Defence, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Molybdenum Market Outlook
The global molybdenum market is expected to grow in the forecast period of 2024-2032 at a CAGR of 4%.
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Increasing Demand for Molybdenum in Various End-Use Industries Aiding the Molybdenum Industry
Molybdenum is used as a catalyst in the petroleum industry to help remove sulphur from natural gas and refined petroleum products, which is propelling the market growth. As molybdenum has a very high melting point, it is used in the production of moly steel alloys that are used in various engines, hence aiding the industry growth. Moreover, it is also used along with cast iron to reduce carbon emission and produce cylinder heads, motor, and exhaust manifolds, which is consequently providing further impetus to the market growth.
The use of molybdenum disulphide, made from molybdenum and sulphur, to lubricate two strokes engines, bicycle coaster brakes, ski waxes, and bullets, among others, is further invigorating the market growth. Moreover, it protects the engine from wear and tear due to its geothermal origin, which is positively impacting the industry growth. In addition, the use of molybdenum in stainless steel alloys for tanker trucks and pharmaceutical and chemical mills is also contributing significantly to the overall market growth. Further, the surging demand for stainless steel to produce stainless steel service pipes, which can address the global issue of water leakage, is also catalysing the market growth. Moreover, favourable government regulations which allow the use of stainless steel in the food and beverage industry are further augmenting the market growth.
Molybdenum: Market Segmentation
Molybdenum is a silvery-white element that is ductile and highly resistant to corrosion. It is a transition metal that is recovered as a by-product of tungsten and copper mining. It is used in the production of alloys to increase their hardness, electrical conductivity, resistance, and strength. It is also an essential trace mineral, which is naturally found in milk, cereal grains, leafy vegetables, and organ meats, among others.
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The major product types of molybdenum are:
- Steel
- Chemical
- Foundry
- MO-Metal
- Nickel Alloy
- Others
The market can be broadly categorised on the basis of its end use into:
- Oil and Gas
- Chemical and Petrochemical
- Automotive
- Industrial Usage
- Building and Construction
- Aerospace and Defence
- Others
The EMR report looks into the regional markets of molybdenum like North America, Europe, Latin America, the Asia Pacific, and the Middle East and Africa.
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Rising Demand for Steel Alloys Owing to Mass Urbanisation to Bolster the Growth of Molybdenum Industry
The corrosion resistance property of molybdenum makes it suitable for application in the construction of buildings that are located in harsh environments. Moreover, the governments of developing economies, such as India and China, are investing significantly in the construction of roads, trains, power plants, and water systems, which is increasing the demand for energy production. In addition, robust demand for steel alloys in China and India owing to mass urbanisation and the escalating construction of residential and commercial spaces is expected to aid the market growth for molybdenum. Further, the sustainable property of stainless steel allows for its use in the development of green cities and buildings, which is expected to invigorate the market growth.
The robust growth of the aviation industry is increasing the demand for superior aircraft whose turbine engine can provide high performance and efficiency. The use of molybdenum to withstand high thermal, mechanical stress, reduce vibration, and improve the comfort of both passengers and the pilot, is augmenting the industry growth. In addition, solid rocket motors that use various speciality compounds to improve thrust and increase propulsion through vanes and nozzles use molybdenum which in turn is aiding the market growth. As molybdenum has outstanding thermomechanical and chemical properties and can easily withstand harsh weather, it is used to support jet engines and landing systems, which is further catalysing the market growth.
Key Industry Players in the Global Molybdenum Market
The report presents a detailed analysis of the following key players in the global molybdenum market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Anglo American plc
- Antofagasta plc
- China Molybdenum Co., Ltd
- Codelco
- Freeport-McMoRan Inc.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by End Use |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Molybdenum Market Analysis
8.1 Key Industry Highlights
8.2 Global Molybdenum Historical Market (2018-2023)
8.3 Global Molybdenum Market Forecast (2024-2032)
8.4 Global Molybdenum Market by Product Type
8.4.1 Steel
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Chemical
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Foundry
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 MO-Metal
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Nickel Alloy
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Molybdenum Market by End Use
8.5.1 Oil and Gas
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Chemical and Petrochemical
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Automotive
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Industrial Usage
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Building and Construction
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Aerospace and Defence
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Molybdenum Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Molybdenum Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Molybdenum Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Molybdenum Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Molybdenum Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Molybdenum Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Anglo American plc
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Antofagasta plc
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 China Molybdenum Co., Ltd
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Codelco
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Freeport-McMoRan Inc.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Molybdenum Market: Key Industry Highlights, 2018 and 2032
2. Global Molybdenum Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Molybdenum Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Molybdenum Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Molybdenum Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Molybdenum Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Molybdenum Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Molybdenum Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Molybdenum Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Molybdenum Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Molybdenum Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Molybdenum Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Molybdenum Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Molybdenum Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Molybdenum Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Molybdenum Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Molybdenum Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Molybdenum Market Structure
Key Questions Answered in the Report
The global molybdenum market is projected to grow at a CAGR of 4% between 2024 and 2032.
The market is being driven by the surging end-uses of molybdenum in various industries, flourishing aerospace and defence market, and the increasing use of steel alloys.
The key market trends include the technological advancements and the adoption of molybdenum in medical equipment due to its high electric conductivity .
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various product types of molybdenum in the market are steel, chemical, foundry, MO-metal, and nickel alloy, among others.
The significant end uses in the market are oil and gas, chemical and petrochemical, automotive, industrial usage, building and construction, and aerospace and defence, among others.
The key players in the global molybdenum market are Anglo American plc, Antofagasta plc, China Molybdenum Co., Ltd, Codelco, and Freeport-McMoRan Inc., among others.
Analyst Review
The global molybdenum market is driven by the surging end-uses of molybdenum in major industries. Aided by the technological advancements in the industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the molybdenum industry can be segmented into steel, chemical, foundry, MO-metal, and nickel alloy, among others. On the basis of end uses, the industry is divided into oil and gas, chemical and petrochemical, automotive, industrial usage, building and construction, and aerospace and defence, among others. The major regional markets for molybdenum are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Anglo American plc, Antofagasta plc, China Molybdenum Co., Ltd, Codelco, and Freeport-McMoRan Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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