Press release
Molybdenum Market Report 2022-2027: Outlook, Global Trends, Size, Share And Forecast Analysis
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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.
Market Trends:
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.
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Molybdenum Market 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.
Some of these key players include:
• ABSCO Limited
• American CuMo Mining Corporation
• Centerra Gold Inc.
• Codelco
• Freeport-McMoRan Inc.
• Grupo México
• Jinduicheng Molybdenum Co. Ltd
• China Molybdenum Co. Ltd.
• China Rare Metal Material Co. Ltd.
• KGHM Polska Mied? S.A.
• Molten Corporation
• Moly Metal L.L.P.
Key Market Segmentation:
The report has segmented the global molybdenum market based on product type, sales channel, end use and region.
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
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Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Key Questions Answered in This Report:
• How has the global molybdenum market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global molybdenum market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the sales channel?
• What is the breakup of the market based on the end use?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global molybdenum market and who are the key players?
• What is the degree of competition in the industry?
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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.
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.
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.
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