PUBLISHER: IMARC | PRODUCT CODE: 1298729
PUBLISHER: IMARC | PRODUCT CODE: 1298729
Molybdenum Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global molybdenum market size reached 5,589 Tons in 2022. Looking forward, IMARC Group expects the market to reach 6,596 Tons by 2028, exhibiting a growth rate (CAGR) of 2.6% during 2023-2028.
Molybdenum is a silvery-white, highly ductile and corrosion-resistant metal offering excellent strength and mechanical stability at high temperatures. It is widely used in rotating X-ray anodes that further find application in clinical diagnostics, glass melting furnace electrodes and sprayed coatings of automotive piston rings and machine components to reduce friction. It is also utilized in the production of components that are resistant to molten glass and heat sinks with thermal expansivity. At present, the burgeoning oil and gas, chemical and petrochemical, construction, aerospace, and defense sectors are positively influencing the demand for molybdenum across the globe.
Molybdenum Market Trends:
The growing demand for molybdenum in the steel industry to increase the hardenability, toughness, and tensile strength of steel represents one of the key factors driving the market. Moreover, there is a rise in the utilization of molybdenum in electronic devices due to its expansion under high-temperature conditions. This, along with the rising employment of molybdenum as a catalyst in petroleum refineries to help refine petroleum products and remove sulfur from natural gas, is propelling the growth of the market. In addition, there is an increase in the usage of molybdenum in the aerospace industry to reduce vibration and improve pilot and passenger comfort. It is also used to stable control surfaces for ailerons, elevators, and rudder sections of aircraft, helicopter rotor blades, and cockpit equipment. Besides this, the rising applications of molybdenum in the defense industry for manufacturing premier warheads, nozzles, and shaped charge liners, is positively influencing the market. Furthermore, key market players are introducing new primary and byproduct operations to expand their customer base. These players are also focusing on capacity expansions and mergers and acquisitions (M&A), which is projected to bolster their overall sales and profitability.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global molybdenum market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, sales channel and end use.
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 Defense
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABSCO Limited, American CuMo Mining Corporation, Centerra Gold Inc., China Molybdenum Co. Ltd., China Rare Metal Material Co. Ltd., Codelco, Freeport-McMoRan Inc., Grupo Mexico, Jinduicheng Molybdenum Co. Ltd, KGHM Polska Mied? S.A., Molten Corporation and Moly Metal L.L.P.
Key Questions Answered in This Report
1. What was the size of the global molybdenum market in 2022?
2. What is the expected growth rate of the global molybdenum market during 2023-2028?
3. What are the key factors driving the global molybdenum market?
4. What has been the impact of COVID-19 on the global molybdenum market?
5. What is the breakup of the global molybdenum market based on the product type?
6. What are the key regions in the global molybdenum market?
7. Who are the key players/companies in the global molybdenum market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Molybdenum Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Steel
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Chemical
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Foundry
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Molybdenum Metal
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Nickel Alloy
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Sales Channel
- 7.1 Manufacturer/Distributor
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Aftermarket
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End Use
- 8.1 Oil and Gas
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Automotive
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Heavy Machinery
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Energy
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Aerospace and Defense
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 ABSCO Limited
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 American CuMo Mining Corporation
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Centerra Gold Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 China Molybdenum Co. Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 China Rare Metal Material Co. Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Codelco
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Freeport-McMoRan Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Grupo Mexico
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Jinduicheng Molybdenum Co. Ltd
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 KGHM Polska Mied? S.A.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11 Molten Corporation
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Moly Metal L.L.P
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 ABSCO Limited
List of Figures
- Figure 1: Global: Molybdenum Market: Major Drivers and Challenges
- Figure 2: Global: Molybdenum Market: Volume Trends (in Tons), 2017-2022
- Figure 3: Global: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 4: Global: Molybdenum Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Molybdenum Market: Breakup by Sales Channel (in %), 2022
- Figure 6: Global: Molybdenum Market: Breakup by End Use (in %), 2022
- Figure 7: Global: Molybdenum Market: Breakup by Region (in %), 2022
- Figure 8: Global: Molybdenum (Steel) Market: Volume Trends (in Tons), 2017 & 2022
- Figure 9: Global: Molybdenum (Steel) Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 10: Global: Molybdenum (Chemical) Market: Volume Trends (in Tons), 2017 & 2022
- Figure 11: Global: Molybdenum (Chemical) Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 12: Global: Molybdenum (Foundry) Market: Volume Trends (in Tons), 2017 & 2022
- Figure 13: Global: Molybdenum (Foundry) Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 14: Global: Molybdenum (Molybdenum Metal) Market: Volume Trends (in Tons), 2017 & 2022
- Figure 15: Global: Molybdenum (Molybdenum Metal) Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 16: Global: Molybdenum (Nickel Alloy) Market: Volume Trends (in Tons), 2017 & 2022
- Figure 17: Global: Molybdenum (Nickel Alloy) Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 18: Global: Molybdenum (Manufacturer/Distributor) Market: Volume Trends (in Tons), 2017 & 2022
- Figure 19: Global: Molybdenum (Manufacturer/Distributor) Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 20: Global: Molybdenum (Aftermarket) Market: Volume Trends (in Tons), 2017 & 2022
- Figure 21: Global: Molybdenum (Aftermarket) Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 22: Global: Molybdenum (Oil and Gas) Market: Volume Trends (in Tons), 2017 & 2022
- Figure 23: Global: Molybdenum (Oil and Gas) Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 24: Global: Molybdenum (Automotive) Market: Volume Trends (in Tons), 2017 & 2022
- Figure 25: Global: Molybdenum (Automotive) Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 26: Global: Molybdenum (Heavy Machinery) Market: Volume Trends (in Tons), 2017 & 2022
- Figure 27: Global: Molybdenum (Heavy Machinery) Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 28: Global: Molybdenum (Energy) Market: Volume Trends (in Tons), 2017 & 2022
- Figure 29: Global: Molybdenum (Energy) Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 30: Global: Molybdenum (Aerospace and Defense) Market: Volume Trends (in Tons), 2017 & 2022
- Figure 31: Global: Molybdenum (Aerospace and Defense) Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 32: Global: Molybdenum (Other End Uses) Market: Volume Trends (in Tons), 2017 & 2022
- Figure 33: Global: Molybdenum (Other End Uses) Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 34: North America: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 35: North America: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 36: United States: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 37: United States: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 38: Canada: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 39: Canada: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 40: Asia-Pacific: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 41: Asia-Pacific: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 42: China: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 43: China: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 44: Japan: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 45: Japan: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 46: India: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 47: India: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 48: South Korea: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 49: South Korea: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 50: Australia: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 51: Australia: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 52: Indonesia: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 53: Indonesia: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 54: Others: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 55: Others: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 56: Europe: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 57: Europe: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 58: Germany: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 59: Germany: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 60: France: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 61: France: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 62: United Kingdom: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 63: United Kingdom: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 64: Italy: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 65: Italy: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 66: Spain: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 67: Spain: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 68: Russia: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 69: Russia: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 70: Others: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 71: Others: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 72: Latin America: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 73: Latin America: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 74: Brazil: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 75: Brazil: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 76: Mexico: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 77: Mexico: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 78: Others: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 79: Others: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 80: Middle East and Africa: Molybdenum Market: Volume Trends (in Tons), 2017 & 2022
- Figure 81: Middle East and Africa: Molybdenum Market: Breakup by Country (in %), 2022
- Figure 82: Middle East and Africa: Molybdenum Market Forecast: Volume Trends (in Tons), 2023-2028
- Figure 83: Global: Molybdenum Industry: SWOT Analysis
- Figure 84: Global: Molybdenum Industry: Value Chain Analysis
- Figure 85: Global: Molybdenum Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Molybdenum Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Molybdenum Market Forecast: Breakup by Product Type (in Tons), 2023-2028
- Table 3: Global: Molybdenum Market Forecast: Breakup by Sales Channel (in Tons), 2023-2028
- Table 4: Global: Molybdenum Market Forecast: Breakup by End Use (in Tons), 2023-2028
- Table 5: Global: Molybdenum Market Forecast: Breakup by Region (in Tons), 2023-2028
- Table 6: Global: Molybdenum Market: Competitive Structure
- Table 7: Global: Molybdenum Market: Key Players
