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The molybdenum market attained a value of USD 4.96 Billion in 2025. The industry is expected to grow at a CAGR of 5.30% during the forecast period of 2026-2035. By 2035, the market is expected to reach USD 8.31 Billion.
The influx of stricter environmental policies across the globe are impacting the molybdenum market outlook for pollution control and cleaner production processes. Across the United States and Europe, regulations limiting nitrogen oxide emissions are driving the need for molybdenum-based catalysts in chemical and refining plants. For instance, in November 2024, Syamcat introduced an iron–molybdenum catalyst to facilitate efficient methanol-to-formaldehyde conversion. The global push towards circular economy principles is further promoting the recycling of molybdenum-containing scrap whilst reducing the environmental impacts.
Governments worldwide are recognizing molybdenum as a critical mineral for national security given its use in defense alloys and energy infrastructure. The United States Department of Defense and European Union are prioritizing molybdenum in strategic stockpiling efforts to mitigate supply risks amid geopolitical uncertainties. This trend is encouraging investments in mining and processing facilities within politically stable regions, further influencing global market flows as well as long-term supply security.
Molybdenum compounds, mainly molybdenum disulfide, are serving as key catalysts in refining petroleum and petrochemicals. Hydrodesulfurization catalysts limit sulfur content in fuels for matching the stricter environmental regulations globally. The introduction of the Global Strategy is urging countries to reach low sulfur fuels by up to 50 ppm by 2025, favoring the molybdenum industry. This trend is driving the growth in refining capacities in emerging countries. Moreover, molybdenum-based catalysts are increasingly applied in green chemical processes for enhancing their strategic importance in sustainable industry practices.
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Key players in the molybdenum market are deploying strategies that focus on technological advances, strategic partnerships, and vertical integration. With increasing global demand from steel, energy, and electronics sectors, major firms are focusing on long-term supply agreements and acquisitions to ensure consistent access to high-grade molybdenum ores. These moves are helping to secure raw material supply chains and limit the reliance on volatile spot markets. To enhance competitiveness, players are investing in advanced mining technologies and efficient extraction processes for lowering production costs and improving recovery rates.
Environmental sustainability is helping companies to adopt cleaner technologies while committing to responsible mining practices to comply with evolving regulations and ESG expectations. Many companies are engaging in strategic partnerships and joint ventures, especially in emerging markets, to expand their global footprint and tap into new demand centers. In addition, downstream integration is allowing firms to capture more value across the supply chain. Furthermore, market players are leveraging data analytics and AI for more agile responses to demand fluctuations and pricing dynamics.
Anglo American plc
Anglo American plc was established in 1917 and is headquartered in London, United Kingdom. The company operates globally in mining, producing commodities such as copper, platinum group metals, iron ore, and diamonds with an exposure to molybdenum via its copper operations for catering to construction, automotive, and energy industries.
Antofagasta plc
Antofagasta plc, founded in 1888, is headquartered in London, United Kingdom with key mining operations in Chile. The company specializes in copper production with a focus on sustainable mining practices and technological innovation to enhance efficiency and reduce environmental impacts across its mineral assets.
China Molybdenum Co., Ltd.
China Molybdenum Co., Ltd (CMOC), formed in 1969 and headquartered in Luoyang, China, is one of the world’s major producers of molybdenum, tungsten, and niobium. CMOC’s portfolio includes mining, processing, and trading operations in China and internationally, with assets in Africa, South America, and Australia.
Codelco
Codelco, founded in 1976 and headquartered in Santiago, Chile, is the world’s largest copper producer and a significant supplier of molybdenum. As a state-owned enterprise, Codelco manages vast mineral reserves and prioritizes modernization and sustainability in its large-scale mining operations.
Other players in the molybdenum market are Freeport-McMoRan Inc., Grupo México, Teck Resources Limited, Rio Tinto, KGHM, Jiangxi Copper Corporation, and Jinduicheng Molybdenum Co. Ltd, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 5.30% between 2026 and 2035.
Major growth factors for the global molybdenum market include steel demand, aerospace applications, renewable energy, technological advancements, and infrastructure development.
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 market report include Anglo American plc, Antofagasta plc, China Molybdenum Co., Ltd, Codelco, Freeport-McMoRan Inc., Grupo México, Teck Resources Limited, Rio Tinto, KGHM, Jiangxi Copper Corporation, and Jinduicheng Molybdenum Co. Ltd, among others.
Asia Pacific is the fastest growing region at a CAGR of 5.2%.
The use of molybdenum in diverse industries, recyclability potential, and strong supply chain are some major trends and dynamics.
The COVID-19 pandemic affected the global market primarily by disrupting supply chains, lowering demand in key industries (like oil and gas, steel production, and automotive), and impacting mining operations due to lockdowns and workforce restrictions.
The research on the molybdenum market is based on several key factors that influence the supply, demand, pricing, and overall market dynamics. The research typically considers factors like demand from end-user industries and price volatility.
Key strategies driving the market include expanding alloy applications in automotive and aerospace, investing in high-performance catalysts, developing sustainable mining and recycling technologies, and securing long-term supply agreements. Additionally, rising demand from energy, defence, and infrastructure sectors fuels innovation and strategic partnerships among key global producers and end-users.
According to the market report, the Asia Pacific region held the largest market revenue share.
In 2025, the market reached an approximate value of USD 4.96 Billion.
Steel dominates the market with rising demand in China, India, and the United States.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124