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Report
Molybdenum Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 146 Pages I IMARC Group
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?
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
9.2 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
9.3 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
9.4 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
9.5 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
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
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
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