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.