Molybdenum Market Overview, Latest Trends, Size, Share and Growth 2022-27

According to the latest report by IMARC Group, titled “Molybdenum Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global molybdenum market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

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 silvery-white, lightweight, highly ductile, and corrosion-resistant metal with excellent strength and mechanical stability at high temperatures. It is utilized to strengthen and harden alloy steel while producing components resistant to molten glass and heat. It also provides various benefits such as durability, resilience, density, radiation protection, electrical conductivity, and reliability. As a result, molybdenum is extensively adopted in construction, aerospace, defense, oil and gas, chemical, and petrochemical industries.

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Important Attribute and highlights of the Report:

  • Detailed analysis of the global market share
  • Market Segmentation by product type, sales channel, end use and region.
  • Historical, current, and projected size of the market in terms of volume and value
  • Latest industry trends and developments
  • Competitive Landscape for molybdenum market
  • Strategies of major players and product offerings

The market is primarily driven by the expanding industrial sector and the increasing demand for molybdenum to enhance the hardenability, toughness, and tensile strength of steel. In addition, the rising utilization of molybdenum in electronic devices due to its high electrical conductivity property and expansion under high-temperature conditions is contributing to market growth. Moreover, molybdenum is also utilized in the aviation industry to reduce vibration and stabilize surfaces for elevators, ailerons, rudder sections of aircraft, helicopter rotor blades, and cockpit equipment while improving pilot and passenger comfort.

This, coupled with the rising deployment 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, are positively influencing the market growth. Furthermore, key market players are investing in research and development (R&D) activities, capacity expansions, and mergers and acquisitions (M&A), which is anticipated to propel market growth in the coming years.

Key Players Included in Global Research Report:

  • ABSCO Limited
  • American CuMo Mining Corporation
  • Centerra Gold Inc.
  • China Molybdenum Co. Ltd.
  • China Rare Metal Material Co. Ltd.
  • Codelco
  • Freeport-McMoRan Inc.
  • Grupo México
  • Jinduicheng Molybdenum Co. Ltd
  • KGHM Polska Mied? S.A.
  • Molten Corporation
  • Moly Metal L.L.P.
Molybdenum Market Report Scope
Report CoverageDetails
Market size volume in 2021US$ 5,400 Tons
Market forecast in 2027US$ 6,429 Tons
Growth RateCAGR of 2.80% from 2022 to 2027
Base year for estimation2021
Historical data2016-2021
Forecast period2022-2027

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COVID-19 Impact on Market: (Positive Impact)

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.

Market Segmentation:

Breakup by Product Type:

  • Steel
  • Chemical
  • Foundry
  • Molybdenum Metal
  • Nickel Alloy

Breakup by Sales Channel:

  • Manufacturer/Distributor
  • Aftermarket

Breakup by End Use:

  • Oil and Gas
  • Automotive
  • Heavy Machinery
  • Energy
  • Aerospace and Defence
  • Others

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

TOC for the Molybdenum Market Research Report:

  • Preface
  • Scope and Methodology
  • Executive Summary
  • Introduction
  • Global Molybdenum Market
  • SWOT Analysis
  • Value Chain Analysis
  • Price Analysis
  • Competitive Landscape

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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.

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