openPR Logo
Press release

Molybdenum Market forecast 2017-2025 : Codelco, China Molybdenum, and Centerra Gold

10-12-2018 11:01 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

Molybdenum Market forecast 2017-2025 : Codelco, China

Global Molybdenum Market: Snapshot

Molybdenum is a highly resilient, lightweight, reliable and durable metal, which has a silvery-white lustrous appearance. The metal has a relatively lower degree of thermal expansion, which enables it to be used in high temperature application, also the metal has high corrosion resistance. It has one of the highest melting temperatures of all the elements, yet unlike most other high-melting point metals, its density is only 25% greater than iron's. Its coefficient of thermal expansion is the lowest of the engineering materials, while its thermal conductivity exceeds all but a handful of elements. Molybdenum-based alloys have a unique combination of properties, including high strength at elevated temperatures, high thermal and electrical conductivity, and low thermal expansion. Molybdenum metal and its alloys are the first choice in many demanding specialized applications.

The surge in demand for molybdenum bearings in the industries of steel and chemicals is elevating the product’s rates. This is expected to propel the molybdenum market to a great extent. Additionally, the booming industrial activities, coupled with the infrastructural growth in countries, such as India, Indonesia, and China are forecasted to witness a higher demand for steel, which is predicted to fuel the global molybdenum market during the forecast period.

The demand for molybdenum is also seen to rise in the oil and gas sector on account of its applications as an alloying agent in oil and natural gas pipelines. Furthermore, it is also used as alloys and refinery catalysts in the oil and gas industry. The industry is anticipated to contribute considerably to the growth of the molybdenum market in the coming years, due to the increasing usage of molybdenum in applications including the development of liquefied natural gas (LNG) and deep oil production.

Request Sample Copy of the Report @

https://www.tmrresearch.com/sample/sample?flag=B&rep_id=3248

Global Molybdenum Market: Overview

The global molybdenum market is predicted to find growth in profit-making industries such as oil and gas, aerospace and defense, energy, and heavy machinery. However, the demand for molybdenum could see a drastic increase owing to its role as an alloying agent in pipelines for oil and natural gas. The growing usage of molybdenum in deep oil production, LNG development, and other applications in the oil and gas industry could bode well for the market. Furthermore, the industry uses molybdenum as a refinery catalyst and an alloy. Molybdenum is also used as an additional component in the manufacture of tool, engineering, and stainless steels.

Global Molybdenum Market: Trends and Opportunities

Extensive use of molybdenum in steel is mainly observed in the construction and automotive industries due to the growing interest of a large count of manufacturers. The world molybdenum market is foreseen to accept a positive impact from these industries because of the rising demand for the metal. Global steel consumption is said to be substantially accounted for by the construction industry. Nonetheless, the consumption could be relatively high in other industries, viz. transportation and automobile as well. The application of molybdenum in the steel industry is expected to gain impetus on the back of transportation, infrastructure, and other end-use industries significantly raising the demand for concrete.

Global Molybdenum Market: Market Potential

In April 2018, University of Alberta researchers under the leadership of Professor Abdulhakem Elezzabi converted a smart window into rechargeable battery with high capacity. According to the researchers, the transparent smart window could store electrical energy and also recover it when required to power electrical devices. Here, the use of tungsten molybdenum oxide nanowires was key for the nanohybridization of molybdenum oxide to allow energy storing smart windows exercise solution-processed fully reversible switching. This system helps molybdenum smart windows yield 50% optical contrast modulation and 100% enhanced energy capacity simultaneously.

Request TOC of the Report @

https://www.tmrresearch.com/sample/sample?flag=T&rep_id=3248

Global Molybdenum Market: Regional Outlook

The international molybdenum market is projected to find growth opportunities resting on the rise of the automotive industry in the U.S. While this is forecasted to influence the market in a positive manner, the consumption of steel in Asia Pacific and ensuing increase in the demand for molybdenum could not be turned a blind eye to. The requirement of high-strength steel in Taiwan, China, and India is envisaged to increase with the economic development of the emerging countries. Moreover, rapid urbanization, increasing size of the middle-income population group, and high infrastructure development could further raise the consumption of steel and eventually molybdenum in Asia Pacific.

Global Molybdenum Market: Competitive Landscape

Leading companies operating in the industry are envisioned to possess better ability to deal with changes in market conditions due to their superior molybdenum, financial, and technological sources. The international molybdenum market is marked by the presence of ace players such as Codelco, China Molybdenum, and Centerra Gold. Players are anticipated to compete on the grounds of economies of scale, price, operation cost, and other aspects.

Read Comprehensive Overview of Report @

https://www.tmrresearch.com/molybdenum-market

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Molybdenum Market forecast 2017-2025 : Codelco, China Molybdenum, and Centerra Gold here

News-ID: 1299385 • Views: 299

More Releases from TMR Research

Physical Security Market Overview and Regional Outlook Study 2017 - 2025 | Cisco …
Global Physical Security Market: Snapshot Driving the global physical security market at this high growth rate are factors such as a greatly increasing awareness of protecting confidential data and the rapid rate of industrialization creating a sprawling infrastructure landscape. This holds true especially for the Asia Pacific region, with countries such as China and India currently in a state of heavy industrialization. The market is expected to further expand at a
Protocol Conversion Gateway Market Trends and Forecast to 2018-2028 | Estimote, …
Protocol Conversion Gateway Market – Introduction With the rapid penetration of technology in numerous industry, the evolution of novel devices has been witnessed, which further requires efficient communication between two or more devices to optimize their operations. Protocol conversion gateway is one such robust solution addressing the requisites of devices to enable communication between them by underpinning specific protocols to become compatible with the existing equipment. The significance of protocol conversion
Predictive Maintenance Market | Robert Bosch, PTC, RapidMiner, SAP SE, General E …
Global Predictive Maintenance Market: Snapshot The global market for predictive maintenance has expanded at a promising pace in the past few years owing to the vast uptake of automation techniques and IoT in the industrial sector. With the massive rise in connected products, processes, an operations in the industrial sector, the implementation of predictive maintenance tools and solutions has become easier, thus bringing about a massive rise in their uptake across
Outdoor Small Cell Antenna Market Latest Technological Developments Report 2018- …
Outdoor Small Cell Antenna Market Introduction There has been a rise in the realization of an efficient network, which suffices the ever-evolving demand for a faster data connection. Outdoor small cell antenna forms a crucial part of the contemporary 4G LTE network and next-gen’s 5G network. They are miniaturized wireless transmitters as well as receivers developed to enhance the network coverage of small areas. Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=4845 With

All 5 Releases


More Releases for Molybdenum

Molybdenum Market 2025 | Codelco, China Molybdenum Centerra Gold
Global Molybdenum Market: Overview The global molybdenum market is predicted to find growth in profit-making industries such as oil and gas, aerospace and defense, energy, and heavy machinery. However, the demand for molybdenum could see a drastic increase owing to its role as an alloying agent in pipelines for oil and natural gas. The growing usage of molybdenum in deep oil production, LNG development, and other applications in the oil and
Molybdenum Market - Qualitative Insights 2025 | Codelco, China Molybdenum
Global Molybdenum Market: Snapshot Molybdenum is a highly resilient, lightweight, reliable and durable metal, which has a silvery-white lustrous appearance. The metal has a relatively lower degree of thermal expansion, which enables it to be used in high temperature application, also the metal has high corrosion resistance. It has one of the highest melting temperatures of all the elements, yet unlike most other high-melting point metals, its density is only 25%
Molybdenum Market – Future Utilization Survey 2025 | Codelco, China Molybdenum
Global Molybdenum Market: Snapshot Molybdenum is a highly resilient, lightweight, reliable and durable metal, which has a silvery-white lustrous appearance.  The metal has a relatively lower degree of thermal expansion, which enables it to be used in high temperature application, also the metal has high corrosion resistance. It has one of the highest melting temperatures of all the elements, yet unlike most other high-melting point metals, its density is only 25%
Molybdenum market Comprehensive Insights 2018 to 2025
The Molybdenum market outlook of the global industry is provided based on the Molybdenum growth drivers, constraints and threats, SWOT analysis, and Molybdenum market share study. The drivers and constraints of Molybdenum industry recognize the rise and fall of the Molybdenum market. The study is served based on the Molybdenum haggling power of buyers, haggling power of suppliers, the risk of new entrants, the risk from replacement, and Molybdenum industrial
Molybdenum Market – Consumption Insights 2025 | Codelco, China Molybdenum
Global Molybdenum Market: Snapshot Molybdenum is a highly resilient, lightweight, reliable and durable metal, which has a silvery-white lustrous appearance. The metal has a relatively lower degree of thermal expansion, which enables it to be used in high temperature application, also the metal has high corrosion resistance. It has one of the highest melting temperatures of all the elements, yet unlike most other high-melting point metals, its density is only
Molybdenum Market - Opportunities for improvement 2025
Global Molybdenum Market: Snapshot Molybdenum is a highly resilient, lightweight, reliable and durable metal, which has a silvery-white lustrous appearance. The metal has a relatively lower degree of thermal expansion, which enables it to be used in high temperature application, also the metal has high corrosion resistance. It has one of the highest melting temperatures of all the elements, yet unlike most other high-melting point metals, its density is only