Global Molybdenum Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Product (Molybdenum Concentrate, Molybdenum Oxide, Molybdenum Powder, Molybdenum Plates, Others), By End-User Industry (Steel, Oil And Gas, Chemical, Automotive, Energy And Power, Others), And By Geography - Forecasts From 2019 To 2024
Published:  May 2020 Report Code: KSI061612334 Pages: 116

The global Molybdenum market is expected to witness a CAGR of 2.34% to reach US$5.069 billion in 2024, increasing from US$4.411 billion in 2018. Molybdenum is a refractory metal typically used in high-temperature applications. It is a silvery-white, very hard metal with a high melting point. They are widely used to produce steel alloys so as to increase strength, hardness, electrical conductivity and resistance to corrosion and wear. Molybdenum bearings are used in steel, chemical, and oil and gas industry. Molybdenum and its alloys are also used in electronic and electrical devices. It is used in material processing equipment and high-temperature furnaces.

The growing steel industry is playing a crucial role in the growing demand for molybdenum. Growth of construction, automotive and transportation sector has led to an increase in consumption of steel. Increasing use of molybdenum as a catalyst, filament, pigment, corrosion inhibitor in industries such as petrochemical, electrical and electronics is also driving the market growth. Rising oil prices also affect molybdenum demand positively as it is extensively used in the oil and gas industry. Similarly, fluctuating oil prices prove to be a restraint for market growth. The high price of molybdenum also limits its consumption. Asia Pacific market is expected to have a high growth rate owing to growth in manufacturing and construction activities in emerging nations such as China and India.

DRIVERS
Growing steel industry.
Increasing use of molybdenum across multiple industries.

RESTRAINT
High price of molybdenum
Unstable oil prices

INDUSTRY UPDATE

In May 2019, Industrial metals focused General Moly’s joint venture company Eureka Moly has reached a settlement with a Kobeh Valley ranching family over protests over the company’s water rights in Nevada. The company had been working to get the Mount Hope molybdenum project fully permitted and up and running.

Global Molybdenum Market Scope:

Report Metric Details
 Market size value in 2018  US$4.411 billion
 Market size value in 2024  US$5.069 billion
 Growth Rate  CAGR of 2.34% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Product, End-User Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered CODELCO, KGHM., China Molybdenum Co., Ltd., Centerra Gold Inc., Climax Molybdenum, Rio Tinto, Collahuasi, Jinduicheng Molybdenum Group Co., Ltd., Jinzhou New Hualong Molybdenum Industry Co., Ltd., Antamina
 Customization scope  Free report customization with purchase

SEGMENTATION

The global molybdenum market has been analyzed through the following segments:

By Product
Molybdenum Concentrate
Molybdenum Oxide
Molybdenum powder
Molybdenum plates
Others

By End-User Industry
Steel
Oil and Gas
Chemical
Automotive
Energy and Power
Others

By Geography
North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others


Frequently Asked Questions (FAQs)

Q1. What will be the global molybdenum market size by 2024?
A1. The global molybdenum market is expected to reach a total market size of US$5.069 billion in 2024.
 
Q2. What are the growth prospects for molybdenum market?
A2. The molybdenum market is expected to witness a CAGR of 2.34% over the forecast period.
 
Q3. What is the size of global molybdenum market?
A3. Molybdenum market was valued at US$4.411 billion in 2018.
 
Q4. What factors are anticipated to drive molybdenum market growth?
A4. The growing steel industry is playing a crucial role in the growing demand for molybdenum. 
 
Q5. Which region holds the largest market share in the molybdenum market?
A5. The Asia Pacific holds a noteworthy share in the molybdenum market owing to growth in manufacturing and construction activities in emerging nations such as China and India.

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GLOBAL MOLYBDENUM MARKET BY PRODUCT
5.1. Molybdenum Concentrate
5.2. Molybdenum Oxide
5.3. Molybdenum powder
5.4. Molybdenum plates
5.5. Others
6. GLOBAL MOLYBDENUM MARKET BY END USER INDUSTRY
6.1. Steel
6.2. Oil and Gas
6.3. Chemical
6.4. Automotive
6.5. Energy and Power
6.6. Others
7. GLOBAL MOLYBDENUM MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. Israel
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. CODELCO
9.2. KGHM
9.3. China Molybdenum Co., Ltd
9.4. Centerra Gold Inc
9.5. Climax Molybdenum
9.6. Rio Tinto
9.7. Collahuasi
9.8. Jinduicheng Molybdenum Group Co., Ltd.
9.9. Jinzhou New Hualong Molybdenum Industry Co., Ltd.
9.10. Antamina
LIST OF FIGURES
LIST OF TABLES

CODELCO
KGHM.
China Molybdenum Co., Ltd.
Centerra Gold Inc.
Climax Molybdenum
Rio Tinto
Collahuasi
Jinduicheng Molybdenum Group Co., Ltd.
Jinzhou New Hualong Molybdenum Industry Co., Ltd.
Antamina

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