Molybdenum Market is anticipated to reach US$ 332.1 Bn. by 2029 from US$ 289.1 Bn. in 2023 at a CAGR of 2 % during a forecast period.
Molybdenum Market Report Overivew
The Molybdenum Market Research Report covers a detailed analysis of strategy, micro and macro market trends and scenarios, pricing analysis, and short-term market circumstances, as well as an in-depth look at the main rivals. The report covers future trends that are expected to drive the development of the Molybdenum market.
Molybdenum Market Report Scope and Research Methodology
The global Molybdenum Market report delineates both past and present growth trajectories, offering insights into the market’s Compound Annual Growth Rate (CAGR), size, forecasts, revenue share, and pricing trends. Within the report, industry-specific challenges, lucrative opportunities, and technological advancements are expounded upon, aiding key players in enhancing their revenue and fostering growth. The report not only captures prevailing trends but also anticipates those driving the evolution of the Molybdenum market. Encompassing a competitive landscape, the report delves into prospective technical and financial aspects within the Molybdenum industry. It also encompasses comprehensive company profiles, encompassing details like capacity, manufacturing, pricing, costs, revenue, and relevant statistics. Utilizing a bottom-up approach, the report estimates the Molybdenum market size in terms of both value and volume.
Molybdenum Market Regional Insights
The Molybdenum market study includes company profiles from various regions, as well as information on their business strategies and statistics. The analysis of dynamics and the Molybdenum market size has been provided at local, regional and global levels.
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1. Global Molybdenum Market, by Product (2023-2029)
• Steel
• Chemical
• Foundry
• MO-Metal
• Nickel Alloy
• Other
The steel segment is anticipated to experience the fastest growth during the projection period, with a CAGR of 5.80 percent. Molybdenum is used in many different types of steel, including stainless steel, engineering steel, and tool steel, which is what is driving the market’s expansion. The worldwide molybdenum market is anticipated to grow rapidly over the coming years. Many grades of stainless molybdenum steel are more corrosion resistant than molybdenum-free grades of stainless steel.
2. Global Molybdenum Market, by End-User Industry (2023-2029)
• Oil and Gas
• Chemical and Petrochemical
• Automotive
• Industrial Usage
• Building and Construction
• Aerospace and Defense
• Others
Oil and gas revenue was US$ Bn in 2023; from 2023 to 2029, it is anticipated to increase at a CAGR of 5.40 percent, reaching US$ Bn. Molybdenum is widely used in the oil and gas industry. The APAC and MEA regions make the most contributions to the oil and gas industry. With a CAGR of throughout the projected period, this is anticipated to account for 28,964.2 million lb. in 2023, or 50% of the Asian market, and rise to million lb. in 2029, or.45%.
3. Global Molybdenum Market, by Sales Channel (2023-2029)
• Manufacturer/Distributor
• Aftermarket
Molybdenum Market Key Players:
1 Freeport-McMoRan Inc.
2 China Molybdenum Co., Ltd.
3 Compania Minera Dona Ines De Collahuasi S.C.M.
4 Antofagasta plc
5 Jinduicheng Molybdenum Co., Ltd.
6 Grupo Méxicoh
7 Compañía Minera Antamina S.A.
8 Thompson Creek Metals Company Inc.
9 S.A.B. de C.V.
10 BHP Billiton Group
11 American CuMo Mining Corporation.
12 Moly metal LLP
13 Anglo American,
14 Rio Tinto
15 Moltun
16 Codelco
17 Others
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Key questions answered in the Molybdenum Market are:
- What are the Molybdenum Market segments?
- Who are the top players in the Molybdenum industry?
- What is the expected Molybdenum Market size by 2029?
- What was the Molybdenum Market size in 2023?
- Which region held the largest Molybdenum market share in 2023?
Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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