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Molybdenum Market Size, Top Players, Regional Analysis, Industry Outlook And Forecast, 2022-2027

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Molybdenum Market Size, Top Players, Regional Analysis, Industry Outlook And Forecast, 2022-2027

March 02
20:01 2023
Molybdenum Market Size, Top Players, Regional Analysis, Industry Outlook And Forecast, 2022-2027
The global molybdenum market is primarily driven by the rising demand for steel alloys in the iron and steel industry due to the increasing construction of residential and commercial spaces.

The latest report published by IMARC Group, titled “Molybdenum Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global molybdenum market reached a volume of 5,400 Tons in 2021. Looking forward, IMARC Group expects the market to reach a volume of 6,429 Tons by 2027, exhibiting a CAGR of 2.80% during 2022-2027.

Industry Definition and Application:

Molybdenum is a metallic element that appears silvery-white in color and offers high flexibility, ductility, lightweight, and excellent corrosion resistance. It exhibits exceptional mechanical stability and strength at high temperatures. It is widely utilized in rotating X-ray anodes which are essential components in clinical diagnostics. It is also used to create electrodes for glass melting furnaces, sprayed coatings for automotive piston rings, machine components to reduce friction, and components that can withstand exposure to molten glass and high temperatures. At present, molybdenum finds extensive applications in the oil and gas, chemical and petrochemical, construction, aerospace, and defense industries across the globe.

Request a Free PDF Sample of the Report: https://www.imarcgroup.com/molybdenum-market/requestsample

What is the market outlook for molybdenum?

The global molybdenum market is primarily driven by the rising demand for steel alloys in the iron and steel industry due to the increasing construction of residential and commercial spaces. Moreover, the rising use of molybdenum in manufacturing several automobile components is positively influencing the market growth. Additionally, several favorable initiatives by governments of numerous countries that allow the use of stainless steel in the food and beverage (F&B) industry has catalyzed market growth.

Furthermore, the increasing adoption of molybdenum catalysts in sulfur removal procedures and petroleum product refining is contributing to market growth. Other factors, including ongoing research and development (R&D) activities, the rising demand for carbon emission reduction, and rapid urbanization and industrialization, are also anticipated to drive the market further.

Molybdenum Industry 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global molybdenum market has been studied in the report with the detailed profiles of the key players operating in the market.

Major Players Covered:

  • ABSCO Limited
  • American CuMo Mining Corporation
  • Centerra Gold Inc.
  • China Molybdenum Co. Ltd.
  • China Rare Metal Material Co. Ltd.
  • Codelco
  • Freeport-McMoRan Inc.
  • Grupo México
  • Jinduicheng Molybdenum Co. Ltd
  • KGHM Polska Mied? S.A.
  • Molten Corporation
  • Moly Metal L.L.P.

 

Key Market Segmentation:

The report has segmented the market on the basis of region, 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 Defence
  • Others

 

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

 

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure:  https://www.imarcgroup.com/request?type=report&id=5407&flag=C

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

 

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Browse More Chemical & Materials Industry Related Reports:

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:134 N 4th St.
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

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