Global Molybdenum Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global molybdenum market in its upcoming report titled, “Global Molybdenum Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global molybdenum market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global molybdenum market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global molybdenum market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global molybdenum market report has been segmented on the basis of application, end user, and region.
Molybdenum is considered an alloying agent as it contributes to the toughness and hardenability of tempered steels. Molybdenum is a lightweight lustrous metal appears in silvery-white color, and is durable, reliable, and resilient. The molybdenum has a relatively lower degree of thermal expansion, this property of it helps to improve strength of steel at high temperature. In addition, molybdenum properties comprise of high electrical conductivity, and good resistance against corrosion.
Increasing adoption of molybdenum in electronics & electrical devices, and medical equipment owing to its high electrical conductivity which is a key factor driving growth of the global molybdenum market. In addition, rising adoption of molybdenum in thermal spray coatings, and aerospace & defense sector are other factors anticipated to fuel growth to the global molybdenum market over the forecast period. Also, molybdenum is used in material processing equipment’s and high temperature furnaces which are another factors expected to support growth of the global molybdenum market.
However, high price of molybdenum is a major factor restraining growth of the global molybdenum market. In addition, molybdenum is not suitable for continued service at temperatures above 500°C in an oxidizing atmosphere unless protected by an adequate coating, which is another factor expected to hamper growth of the global molybdenum market over the forecast period.
The market in Asia pacific is expected to dominate the global molybdenum market and accounts for highest market share in terms of revenue owing to rising adoption of molybdenum and it’s alloys in electronics and electrical devices in countries in the region. The market in North America is expected to account for the second-highest revenue share contribution to the global molybdenum market followed by markets in Europe, Latin America, and Middle East & Africa respectively. The growth in these market is anticipated by increasing demand for molybdenum from aerospace & defense sector.
Global Molybdenum Market segmentation:
Global molybdenum market segmentation by application:
- Full Alloy
- Stainless Steel
- Cast Iron
Global molybdenum market segmentation by end-user:
- Oil & Gas
- Aerospace and Defense
- Electronics and Medical
Global molybdenum market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Freeport-McMoRan Inc.
- China Molybdenum Co., Ltd.
- Luoyang Hi-Tech Metals Co.
- Antofagasta PLC
- Jinduicheng Molybdenum Co., Ltd.
- Thompson Creek Metals Company Inc.
- Codelco Inc
- Southern Copper Corporation
- Rio Tinto Group
- Teck Resources Limited
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