Molybdenum Market Emerging Technology, Investor Analysis and Worldwide Forecast till 2031 | BHP Billiton Group, Jinduicheng Molybdenum Co. Ltd., American CuMo Mining

Molybdenum Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Molybdenum market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Molybdenum market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Molybdenum Market reached USD 8.2 billion in 2022 and is expected to reach USD 11.1 billion by 2031, growing with a CAGR of 4.0% during the forecast period 2024-2031

What is Molybdenum Market?

Molybdenum is a silvery-white metallic element with the chemical symbol Mo and atomic number 42. It is a transition metal known for its high melting point, strength, and resistance to corrosion, making it valuable in various industrial applications. Molybdenum is primarily used in steel production to enhance the strength, toughness, and wear resistance of steel alloys, especially in high-temperature and high-stress environments. Additionally, it plays a critical role in the manufacturing of electrical contacts, filaments, and molybdenum disulfide, a lubricant. Molybdenum is also an essential trace element in human nutrition, required for certain enzymatic processes.

Growth Driver

Renewable Energy Sector Growth

The global molybdenum market is influenced by several factors, notably the expansion of the renewable energy sector. As a key component in this industry, molybdenum is utilized in the production of catalysts for petroleum refining and biofuel synthesis. Moreover, molybdenum-based materials play a vital role in photovoltaic solar cells and energy storage systems. With the rising emphasis on clean energy sources and the transition toward renewable solutions, the demand for molybdenum within the renewable energy sector is anticipated to increase significantly.

Key Players:

Profiles of some of the major players in the global Molybdenum market, which include:

BHP Billiton Group, Jinduicheng Molybdenum Co. Ltd., American CuMo Mining, Compañía Minera Antamina S.A, S.A.B. de C.V, Grupo México, Thompson Cek Metals, Moly metal LLP, ENF Ltd. and Compania Minera Dona Ines De Collahuasi S.C.M.

Industry Development:

On January 18, 2023, European molybdenum prices hit a record high of USD 9,680 per tonne, driven by a surge in copper prices. On March 14, 2023, the CME Group reported the first 90 contract trades of molybdenum oxide futures, reflecting increased applications in clean power technologies. Additionally, on June 16, 2023, Greenland Resources signed a Letter of Intent (LOI) with FLSmidth to receive technical support, technology, and metallurgical process equipment.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Molybdenum market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By End Products: Steel, Chemicals, Foundries, MO-Metals, Nickel Alloys

By End-User Industry: Oil & Gas, Chemical and Petrochemical, Automotive, Industrial Usage, Building & Construction, Aerospace & Defense, Others

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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