openPR Logo
Press release

Molybdenum Market Price Trends 2024, Industry Size, Demand Analysis, Growth, Outlook Report 2032

01-22-2024 09:44 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Molybdenum Market

Molybdenum Market

IMARC Group, a leading market research company, has recently releases report titled "Molybdenum Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032" The global molybdenum market size reached 5,734.3 Tons in 2023. Looking forward, IMARC Group expects the market to reach 7,093.7 Tons by 2032, exhibiting a growth rate (CAGR) of 2.3% during 2024-2032.

Factors Affecting the Growth of the Molybdenum Industry:

• Increasing demand in steel manufacturing:

The global molybdenum market is significantly influenced by the steel industry, as molybdenum is a critical component in the production of high-strength steel alloys. The demand for these alloys is driven by their widespread applications in construction, automotive, aerospace, and energy sectors. As these industries experience growth, particularly in emerging economies, the need for molybdenum is escalating. The ongoing efforts in the steel industry to enhance the strength, durability, and corrosion resistance of steel are further reinforcing this demand. This trend is expected to continue as industrial and infrastructural developments across the globe maintain an upward trajectory.

• Technological advancements in molybdenum mining and processing:

Technological innovations have significantly impacted the molybdenum market by improving the efficiency and reducing the environmental impact of molybdenum mining and processing. Advanced techniques in mining, such as automated and precision mining, enhance production capacity and resource extraction. Furthermore, improvements in processing technologies have increased the recovery rates and purity of molybdenum, making it more suitable for a wide range of industrial applications. These advancements are also reducing operational costs and minimizing environmental footprints, thereby supporting the market growth.

• Diversification of applications:

The diversification of molybdenum applications is a key driver of its market. Beyond its traditional use in steel alloys, molybdenum is increasingly utilized in chemical applications, electronics, and as a catalyst in the oil refining industry. Its unique properties, such as high melting point, corrosion resistance, and strength at elevated temperatures, make it an invaluable component in these sectors. The expansion of these industries, especially in regions with rapid industrialization, is creating a robust demand for molybdenum. Additionally, the growing focus on renewable energy and the use of molybdenum in photovoltaic cells for solar panels is projected to widen the scope of the market.

Request For Sample Copy of Report: https://www.imarcgroup.com/molybdenum-market/requestsample

Leading Companies Operating in the Global Molybdenum Industry:

• 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 Miedz S.A.
• Molten Corporation
• Moly Metal L.L.P

Global Molybdenum Market Trends:

The increasing focus on sustainable and eco-friendly practices in mining and processing is leading to the development of greener technologies, which are projected to create opportunities for market expansion. This environmental consciousness is particularly relevant given the stringent regulations and standards being implemented worldwide. Furthermore, the evolving landscape of the electronics industry, where miniaturization and efficiency are crucial, presents significant opportunities for molybdenum due to its excellent electrical conductivity and thermal stability.

Another notable trend is the growing application of molybdenum in high-performance materials, particularly in aerospace and defense sectors. The demand for materials that can withstand extreme conditions while maintaining structural integrity is on the rise, and its unique properties make molybdenum an ideal product. Besides this, the expanding research and development (R&D) in the field of molybdenum alloys, aiming to enhance their properties and discover new applications, indicates a potential for market growth and diversification. This ongoing innovation, coupled with industrial growth, positions the molybdenum market for sustained expansion and diversification in the coming years.

Explore Full Report: https://www.imarcgroup.com/molybdenum-market

Molybdenum Market Report Segmentation:

Breakup by Product Type:

• Steel
• Chemical
• Foundry
• Molybdenum Metal
• Nickel Alloy

Based on the product type, steel dominates as the largest segment in product type due to the extensive use of molybdenum in steel alloys, which enhances their strength and corrosion resistance, meeting the diverse demands of industries such as construction, automotive, and infrastructure development.

Breakup by Sales Channel:

• Manufacturer/Distributor
• Aftermarket

Based on the sales channel, the market is classified into manufacturer/distributor and aftermarket.

Breakup by End Use:

• Oil and Gas
• Automotive
• Heavy Machinery
• Energy
• Aerospace and Defense
• Others

Based on the end use, the market is divided into oil and gas, automotive, heavy machinery, energy, aerospace and defense, and 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

Based on the region, Asia Pacific holds the largest market share due to its rapid industrialization, significant growth in construction, automotive, and aerospace sectors, and the presence of emerging economies that have increasing demands for high-strength steel and other molybdenum-based products.

Other Key Points Covered in the Report:

• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations

Contact US:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

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 Group'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.

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 Price Trends 2024, Industry Size, Demand Analysis, Growth, Outlook Report 2032 here

News-ID: 3357951 • Views:

More Releases from IMARC Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insights
India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig …
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential: The India seafood
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025-2033
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 …
Mutual Funds Market in India 2025: Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 2.50 Billion Market Size in 2033: USD 5.90 Billion Market Growth Rate (CAGR) 2025-2033: 10.03% How Big is the India Mutual Funds Industry? The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033. Request
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Expanding at a CAGR of 8.09%
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex …
Market Overview: The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARC
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, Project Economics
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P …
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay. IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a

All 5 Releases


More Releases for Moly

Arch City Steel: Common Applications of 4130 Chrome-Moly Tubing
Image: https://www.globalnewslines.com/uploads/2025/04/1745938646.jpg Arch City Steel & Alloy, Inc. operates as a specialty distributor serving critical industries that depend on high-performance metal components. The St. Louis-based firm has carved out a reputation for stocking hard-to-find alloys and providing technical guidance on material selection across numerous sectors. From power generation facilities to aerospace manufacturers, clients turn to Arch City when standard suppliers fall short on specialized requirements. Their decades-long presence in the metals
Moly Grease Moly Paste Market Size Top Leading Players, Drivers, Share, Competit …
Market Overview: Moly Grease and Moly Paste Molybdenum disulfide, commonly known as moly, is a solid lubricant with a high resistance to pressure, heat, and extreme conditions. It is used extensively in various industries as part of molybdenum-based greases and pastes. The moly grease and moly paste market has shown a steady growth trajectory over the last decade due to their superior lubricating properties, versatility, and extensive use in high-demand sectors
Engine Flush Market Opportunities 2023-2030 | Liqui Moly, Motul, STP
According to HTF Market Intelligence, the Global Engine Flush market to witness a CAGR of 3.85% during forecast period of 2023-2028. The market is segmented by Global Engine Flush Market Breakdown by Application (Passenger Vehicles, Commercial Vehicles, Industrial Machinery) by Type (Solvent-Based Engine Flush, Synthetic Engine Flush, Bio-Based Engine Flush) by Sales Channel (Online, Offline) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Engine Flush market
Luxury Ampoule Market to See Massive Growth by 2026 | Estee Lauder, Cremorlab, T …
The Latest research study released by HTF MI “Global Luxury Ampoule Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this Research
Luxury Ampoule Market to See Massive Growth by 2026 | Estee Lauder, Cremorlab, T …
The Latest research study released by HTF MI “Global Luxury Ampoule Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this Research
Global Molybdenum Powder Market 2017 - H.C. Starck, Molymet, Plansee, Exploiter, …
Molybdenum (Mo) is a silvery-white shiny metal, hard but at the same time softer and more flexible than tungsten. It has an excellent resistance to corrosion, good wear and resistance to abrasion, and superior thermal and electrical properties. It is an essential element when it comes to alloys, as it enhances hardenability and persistence of tempered and destroyed steels. Scope of the Report: This report focuses on the Molybdenum Powder in Global