PUBLISHER: Lucintel | PRODUCT CODE: 1079313
PUBLISHER: Lucintel | PRODUCT CODE: 1079313
Molybdenum in the Global Automotive Market Trends and Forecast
The future of molybdenum in the global automotive market looks promising with opportunities in the luxury cars and sport cars segments. Molybdenum in the global automotive market is expected to grow at a CAGR of 7.1% from 2021 to 2027. The major drivers for this market are increasing penetration of high strength steel per vehicle and growing demand for lithium ion batteries in electric vehicles.
Emerging Trends of Molybdenum in the Global Automotive Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing applications for molybdenum steel alloys in engines, such as driving pinion, cardan joints, and turbocharger housings.
A total of 84 figures / charts and 58 tables are provided in this 135-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the molybdenum in the global automotive market report, please download the report brochure.
Molybdenum in the Global Automotive Market by Segments
Lucintel forecasts that molybdenum for engine blocks in the global automotive market will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for molybdenum in the global automotive market by application, vehicle type, and region, as follows:
Molybdenum in the Global Automotive Market by Application [Value ($ Million) and Volume (Million lbs) from 2016 to 2027]:
Molybdenum in the Global Automotive Market by Vehicle Type [Value ($ Million) and Volume (Million lbs) from 2016 to 2027]:
Small Cars
Compact Cars
Mid-Sized Cars
Luxury Cars
SUVs & Crossovers
Molybdenum in the Global Automotive Market by Region[Value ($ Million) and Volume (Million lbs) from 2016 to 2027]:
United States
Canada
Mexico
Germany
Russia
France
United Kingdom
Italy
China
Japan
India
South Korea
Indonesia
Brazil
Turkey
List of Molybdenum in the Global Automotive Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies molybdenum companies in the global automotive market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the molybdenum companies in the global automotive market profiled in this report includes.
Molybdenum in the Global Automotive Market Insights
Features of Molybdenum in the Global Automotive Market
FAQ
Q1. What is molybdenum in the global automotive market size?
Answer: Molybdenum in the global automotive market is expected to reach an estimated $1.45 billion by 2027.
Q2. What is the growth forecast for molybdenum in the global automotive market?
Answer: Molybdenum in the global automotive market is expected to grow at a CAGR of 7.1% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of molybdenum in the global automotive market?
Answer: The major drivers for this market are increasing penetration of high strength steel per vehicle and growing demand for lithium ion batteries in electric vehicles.
Q4. What is the major application or end use industry for molybdenum in the global automotive?
Answer: Engine block is the major segment by application for molybdenum in the global automotive.
Q5. What are the emerging trends of molybdenum in the global automotive market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing applications for molybdenum steel alloys in engines, such as driving pinion, cardan joints, and turbocharger housings.
Q6. Who are the key molybdenum companies in the global automotive market?
Answer: Some of the key molybdenum companies in the global automotive market are as follows:
Q7.Which product segment of molybdenum in the global automotive market will be the largest in future?
Answer: Lucintel forecasts that molybdenum for engine blocks in the global automotive market will remain the largest segment, and it is also expected to witness the highest growth over the forecast period as molybdenum improves high internal operation pressure and peak firing pressure in engines.
Q8: In molybdenum in the global automotive market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific will remain the largest region; it is also expected to witness the highest growth over the forecast period due to high vehicle production and increasing demand for advanced high strength steel (AHSS) for various engine applications.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.