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.
Growing steel industry.
Increasing use of molybdenum across multiple industries.
High price of molybdenum
Unstable oil prices
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.
|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|
|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|
The global molybdenum market has been analyzed through the following segments:
By End-User Industry
Oil and Gas
Energy and Power
Middle East and Africa
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
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
6. GLOBAL MOLYBDENUM MARKET BY END USER INDUSTRY
6.2. Oil and Gas
6.5. Energy and Power
7. GLOBAL MOLYBDENUM MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.3. China Molybdenum Co., Ltd
9.4. Centerra Gold Inc
9.5. Climax Molybdenum
9.6. Rio Tinto
9.8. Jinduicheng Molybdenum Group Co., Ltd.
9.9. Jinzhou New Hualong Molybdenum Industry Co., Ltd.
LIST OF FIGURES
LIST OF TABLES
China Molybdenum Co., Ltd.
Centerra Gold Inc.
Jinduicheng Molybdenum Group Co., Ltd.
Jinzhou New Hualong Molybdenum Industry Co., Ltd.
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.