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Molybdenum Market Size –By Product (Primary Molybdenum and Secondary Molybdenum), By Application (Full Alloy, Stainless-Steel, Cast Iron, Catalysis, Nickel Alloy and Others), By End-use Industry (Construction, Automotive, Oil & Gas, Energy, Aerospace & Defense, Electronics, Industrial Machinery, Chemicals, Others) & Region – Global Forecasts 2024 - 2034.

  • PUBLISHED ON
  • 2024-09-30
  • NO OF PAGES
  • 330
  • CATEGORY
  • Chemicals & Materials

Market Overview

The Molybdenum (Mo) market is predicted to develop at a compound annual growth rate (CAGR) of 3.6% from 2024 to 2034, when it is projected to reach USD 7,976.43 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 5,375.85 Million in 2024.


SOURCE: We Market Research

The global molybdenum (Mo) market is a critical segment of the metals industry, driven by its diverse applications across various sectors, including steel manufacturing, chemical production, electronics, and energy. Molybdenum is valued for its high melting point, corrosion resistance, and ability to enhance the strength, toughness, and wear resistance of alloys, particularly in steel.

The global molybdenum (Mo) market refers to the international marketplace for the trading, production, and consumption of molybdenum, a silvery-white metal primarily used in steel alloys, chemical applications, and as a catalyst in various industrial processes. The global molybdenum market is essential to various industries, particularly those requiring high-performance materials, making it a critical component of the global economy.

Market Scope

Report Attributes

Description

Market Size in 2024

USD 5,375.85 Million

Market Forecast in 2034

USD 7,976.43 Million

CAGR % 2024-2034

3.6%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2034

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Product, By Application, By End-use Industry and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Molybdenum (Mo) Industry: Dynamics & Restrains

 

Market opportunity:

 

We Market Research: Molybdenum (Mo) Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.