Molybdenum Market Global Overview 2022, Size, Share, Trends and Industry Growth to 2027
The global molybdenum market reached a volume of 5,400 Tons in 2021 and is expected to reach a volume of 6,429 Tons by 2027, exhibiting a CAGR of 2.80% during 2022-2027.
The global molybdenum market reached a volume of 5,400 Tons in 2021. Looking forward, IMARC Group expects the market to reach a volume of 6,429 Tons by 2027, exhibiting a CAGR of 2.80% during 2022-2027.
Molybdenum (MO) is a metallic element utilized in strengthening and hardening alloy steel while producing components resistant to molten glass and heat sinks. It is a silvery-white lightweight material that provides numerous benefits, such as density, radiation protection, durability, resilience, electrical conductivity, and reliability. It is also applied in rotating X-ray anodes, which are used in glass melting furnace electrodes, clinical diagnostics, and sprayed coatings of automotive piston rings and machine components. As a result, MO finds extensive applications across the defense, oil and gas, chemical, petrochemical, building and construction, and aerospace industries.
Request to Get the Sample Report: https://www.imarcgroup.com/molybdenum-market/requestsample
COVID-19 Scenario: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Molybdenum Market Trends and Drivers:
The market is primarily driven by the increasing product utilization in industrial applications due to its significant benefits, such as enhancing the toughness, hardenability, and tensile strength of steel. In addition, the usage of molybdenum in the aviation industry to decrease vibration and stabilize control surfaces for ailerons, rudder sections of aircraft, helicopter rotor blades, elevators, and cockpit equipment while improving pilot and passenger comfort represents another major growth-inducing factor. Besides this, molybdenum is widely utilized in electronic devices due to its high electrical conductivity property and expansion under high-temperature conditions.
Moreover, the increasing usage of MO as a catalyst in petroleum refineries to help refine petroleum products and in the defense industry for producing nozzles-shaped charge liners and premier warheads is also contributing to market growth. Apart from this, molybdenum is employed as a lubricant in bicycle coaster brakes, bullets, and two-stroke engines and as greases for ball bearings and rollers in the manufacturing, mining, and transportation industries. Furthermore, the leading market players are investing in research and development (R&D) activities, capacity expansions, and mergers and acquisitions (M&A) to strengthen their foothold in the market, which is also creating a positive market outlook.
Global Molybdenum Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
- ABSCO Limited
- American CuMo Mining Corporation
- Centerra Gold Inc.
- China Molybdenum Co. Ltd.
- China Rare Metal Material Co. Ltd.
- Freeport-McMoRan Inc.
- Grupo México
- Jinduicheng Molybdenum Co. Ltd
- KGHM Polska Mied? S.A.
- Molten Corporation
- Moly Metal L.L.P.
Ask Analyst for customized Report with TOC List of Figure: https://www.imarcgroup.com/molybdenum-market
The report has segmented the market on the basis of region, product type, sales channel and end use.
Breakup by Product Type:
- Molybdenum Metal
- Nickel Alloy
Breakup by Sales Channel:
Breakup by End Use:
- Oil and Gas
- Heavy Machinery
- Aerospace and Defence
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800