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In 2024, the molybdenum market is anticipated to be worth $316.40 billion, and by 2031, it is anticipated to reach $500 billion. We anticipate that molybdenum sales will expand at a robust CAGR of 6.7% throughout the course of our estimate.
A chemical element with minimal thermal expansion, molybdenum is strong, can maintain its shape even when heated, and is resistant to corrosion. The copper mining process yields molybdenum, a shiny, silver-white metal that is similar to tin and has a light weight. One factor driving the market growth rate is the increasing use of molybdenum in thermal spray coatings for aerospace and defense applications.
Since molybdenum has a high electrical conductivity, it is finding widespread use in electrical and electronic devices as well as medical equipment, which bodes well for future market expansion. But the molybdenum market can't expand because of how expensive it is. One of the many predicted prospects for the market is the anticipated increase in the use of molybdenum and its alloys in electrical and electronic equipment. The fact that molybdenum, without a protective coating, cannot withstand continuous temperatures over 500 °C in an oxidized atmosphere is a key factor limiting the market's potential for growth.
The molybdenum market report covers all the latest news and developments in the industry, including regulations for trade, analysis of imports and exports, production methods, optimization of value chains, market share, the influence of local and national players, opportunities for growth based on emerging revenue streams, market size, category market growth, application niches and dominance, product approvals, launches, geographical expansions, and technological innovations. Contact Data Bridge Market Research for an Analyst Brief if you would like additional information about the molybdenum market. Our staff is here to assist you in making a well-informed decision that will lead to progress in the market.
In 2023, the worldwide molybdenum market was negatively affected by COVID-19. Lockdowns caused by COVID-19 reduced steel production globally, particularly in China, which in turn reduced demand for molybdenum in 2023. Molybdenum is present in many products, including refinery catalysts and steels, and it finds substantial application in the oil and gas industry. The COVID-19 outbreak prompted extensive lockdown procedures that drastically restricted transportation, which in turn caused the crude oil price to plummet. In December 2019, the price of a barrel of Brent crude oil was $67.3 USD; in April 2023, it dropped to $18.4.
The supply of molybdenum from the United States, Chile, and China is anticipated to boost molybdenum prices. Demand will also rise as a result of the ongoing creation and implementation of goods that are more efficient, user-friendly, and eco-conscious. Strong demand for renewable energy technology and an improving steel market have analysts hopeful about the metal's overall success over the future years.
Molybdenum finds application in many different fields, including manufacturing, aircraft, medicine, consumer goods, energy, farming, and transportation. One of the most prevalent ingredients in high-strength and super-alloys is molybdenum, a hard metal with a silvery white hue and the sixth-highest melting point of any metal. Adding molybdenum to steel and cast iron improves their hardness, strength, and weldability, among other desirable attributes. In addition to making steel corrosion-resistant, it increases its thermal strength. Molybdenum improves the corrosion resistance and high-temperature deformation capabilities of nickel-based alloys.
Bullets, coaster brakes, two-stroke engines, and countless more things rely on molybdenum as a lubricant. Industries like transportation, manufacturing, mining, and others rely on molybdenum disulfide, a byproduct of molybdenum mixing with sulfur, to lubricate roller and ball bearings. Because of its geothermal origin, molybdenum disulfide is resistant to high temperatures and pressures. In addition to preventing oxidation, corrosion, and wear and tear, it safeguards engines. Pigments and fertilizers are two more places you could find molybdenum in use. Molybdenum is a key ingredient in many paints and colors. As an example, zinc molybdate is utilized as a primer in paint to prevent corrosion and preserve the color. Manufacturing molybdenum oranges requires lead chromate, lead, lead sulfate, and molybdate. Paint made from this chemical mixture is resistant to the fading effects of sunlight and weather.
Report Coverage
Global Molybdenum research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Molybdenum report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Molybdenum competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Molybdenum market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Molybdenum market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Molybdenum market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Freeport-McMoRan, China China Molybdenum Co., Ltd., BHP Billiton Group, Compania Minera Dona Ines De Collahuasi S.C.M., Antamina., Centerra Gold IncAntofagasta plc, American CuMo Mining, Grupo México, S.A.B. de C.V.,. Shaanxi Non-ferrous Metals Holding Group Co., Ltd., Antofagasta plc., Moly metal L.L.P, ENF Ltd., Jinduicheng Molybdenum Co,Ltd, CODELCO, Southern Copper Corporation, among others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Molybdenum market based on the below-mentioned segments:
Global Molybdenum market, By Application
Full Alloy
Stainless Steel
HSLA
Tools
Carbon
Cast Iron
Catalysts
MO Metal Alloy
Super alloy
Other Applications
Global Molybdenum Market, By End User
Oil and Gas
Chemicals and Petrochemicals
Automotive
Mechanical Engineering
Building and Construction
Power Generation
Aerospace and Defence
Electronics and Medical
Process Industry
Other Industries
Global Molybdenum market, Regional Analysis
A chemical element with minimal thermal expansion, molybdenum is strong, can maintain its shape even when heated, and is resistant to corrosion. The copper mining process yields molybdenum, a shiny, silver-white metal that is similar to tin and has a light weight. One factor driving the market growth rate is the increasing use of molybdenum in thermal spray coatings for aerospace and defense applications.
Since molybdenum has a high electrical conductivity, it is finding widespread use in electrical and electronic devices as well as medical equipment, which bodes well for future market expansion. But the molybdenum market can't expand because of how expensive it is. One of the many predicted prospects for the market is the anticipated increase in the use of molybdenum and its alloys in electrical and electronic equipment. The fact that molybdenum, without a protective coating, cannot withstand continuous temperatures over 500 °C in an oxidized atmosphere is a key factor limiting the market's potential for growth.
The molybdenum market report covers all the latest news and developments in the industry, including regulations for trade, analysis of imports and exports, production methods, optimization of value chains, market share, the influence of local and national players, opportunities for growth based on emerging revenue streams, market size, category market growth, application niches and dominance, product approvals, launches, geographical expansions, and technological innovations. Contact Data Bridge Market Research for an Analyst Brief if you would like additional information about the molybdenum market. Our staff is here to assist you in making a well-informed decision that will lead to progress in the market.
In 2023, the worldwide molybdenum market was negatively affected by COVID-19. Lockdowns caused by COVID-19 reduced steel production globally, particularly in China, which in turn reduced demand for molybdenum in 2023. Molybdenum is present in many products, including refinery catalysts and steels, and it finds substantial application in the oil and gas industry. The COVID-19 outbreak prompted extensive lockdown procedures that drastically restricted transportation, which in turn caused the crude oil price to plummet. In December 2019, the price of a barrel of Brent crude oil was $67.3 USD; in April 2023, it dropped to $18.4.
The supply of molybdenum from the United States, Chile, and China is anticipated to boost molybdenum prices. Demand will also rise as a result of the ongoing creation and implementation of goods that are more efficient, user-friendly, and eco-conscious. Strong demand for renewable energy technology and an improving steel market have analysts hopeful about the metal's overall success over the future years.
Molybdenum finds application in many different fields, including manufacturing, aircraft, medicine, consumer goods, energy, farming, and transportation. One of the most prevalent ingredients in high-strength and super-alloys is molybdenum, a hard metal with a silvery white hue and the sixth-highest melting point of any metal. Adding molybdenum to steel and cast iron improves their hardness, strength, and weldability, among other desirable attributes. In addition to making steel corrosion-resistant, it increases its thermal strength. Molybdenum improves the corrosion resistance and high-temperature deformation capabilities of nickel-based alloys.
Bullets, coaster brakes, two-stroke engines, and countless more things rely on molybdenum as a lubricant. Industries like transportation, manufacturing, mining, and others rely on molybdenum disulfide, a byproduct of molybdenum mixing with sulfur, to lubricate roller and ball bearings. Because of its geothermal origin, molybdenum disulfide is resistant to high temperatures and pressures. In addition to preventing oxidation, corrosion, and wear and tear, it safeguards engines. Pigments and fertilizers are two more places you could find molybdenum in use. Molybdenum is a key ingredient in many paints and colors. As an example, zinc molybdate is utilized as a primer in paint to prevent corrosion and preserve the color. Manufacturing molybdenum oranges requires lead chromate, lead, lead sulfate, and molybdate. Paint made from this chemical mixture is resistant to the fading effects of sunlight and weather.
Report Coverage
Global Molybdenum research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Molybdenum report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Molybdenum competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Molybdenum market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Freeport-McMoRan, China China Molybdenum Co., Ltd., BHP Billiton Group, Compania Minera Dona Ines De Collahuasi S.C.M., Antamina., Centerra Gold IncAntofagasta plc, American CuMo Mining, Grupo México, S.A.B. de C.V.,. Shaanxi Non-ferrous Metals Holding Group Co., Ltd., Antofagasta plc., Moly metal L.L.P, ENF Ltd., Jinduicheng Molybdenum Co,Ltd, CODELCO, Southern Copper Corporation, among others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Molybdenum Market from 2021 to 2031.
- Market Forecast for Molybdenum Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Molybdenum competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Molybdenum
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Molybdenum market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Molybdenum market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Freeport-McMoRan, China China Molybdenum Co., Ltd., BHP Billiton Group, Compania Minera Dona Ines De Collahuasi S.C.M., Antamina., Centerra Gold IncAntofagasta plc, American CuMo Mining, Grupo México, S.A.B. de C.V.,. Shaanxi Non-ferrous Metals Holding Group Co., Ltd., Antofagasta plc., Moly metal L.L.P, ENF Ltd., Jinduicheng Molybdenum Co,Ltd, CODELCO, Southern Copper Corporation, among others.
Primary Target Market
- Market Players of Molybdenum
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Molybdenum market based on the below-mentioned segments:
Global Molybdenum market, By Application
Full Alloy
Stainless Steel
HSLA
Tools
Carbon
Cast Iron
Catalysts
MO Metal Alloy
Super alloy
Other Applications
Global Molybdenum Market, By End User
Oil and Gas
Chemicals and Petrochemicals
Automotive
Mechanical Engineering
Building and Construction
Power Generation
Aerospace and Defence
Electronics and Medical
Process Industry
Other Industries
Global Molybdenum market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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