Press release
Molybdenum Market Forecast 2023-2030: Projected Growth to USD 338.72 Billion
Molybdenum Market
Molybdenum Market is anticipated to reach US$ 338.72 Bn. by 2030 from US$ 294.88 Bn. in 2023 at a CAGR of 2 % during a forecast period.
๐๐ฅ๐ข๐๐ค ๐ญ๐ก๐ ๐๐๐ฅ๐จ๐ฐ ๐ฅ๐ข๐ง๐ค ๐๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.maximizemarketresearch.com/request-sample/104418/
Molybdenum Market Overview
Molybdenum is a light, strong, and highly durable metal that possesses excellent resistance to corrosion and a minimal thermal expansion rate. It is a heat-resistant metal primarily utilized in applications requiring high temperatures. Molybdenum bearings are utilized in the steel, oil and gas, and chemical sectors.
Emerging Technologies in the Molybdenum Market Industry
The Molybdenum Market is undergoing significant transformation due to the introduction of emerging technologies. Molybdenum, a crucial metal used primarily in steel production and various high-temperature applications, is benefiting from advancements that enhance its extraction, processing, and application. Here are some key emerging technologies shaping the molybdenum market:
Overview: The development of hydrometallurgical processes allows for more efficient extraction of molybdenum from ores and concentrates.
Impact: This method minimizes the need for energy-intensive pyrometallurgical processes, resulting in lower emissions and waste. Enhanced recovery rates also contribute to more sustainable mining practices, making molybdenum production more environmentally friendly.
Molybdenum Market Regional insight
The APAC molybdenum market was valued at US$ XX Bn. in 2023, with a projected CAGR of around 5.12 percent between 2024 and 2030, reaching US$ XX Bn. by 2030. The increase is a result of quick advancements and increasing need for materials in Asian nations such as China, India, and Korea. Efforts by the government to develop environmentally friendly and productive specialty steel capability are predicted to increase the molybdenum market in the APAC region. Meanwhile, North America held the second-highest market percentage of 21.10 in 2023, trailing behind Europe and MEA markets. Increasing need for molybdenum in the oil and gas industry, along with the aerospace and defines sectors, is expected to boost growth in these markets. China holds the title of being the largest producer of molybdenum worldwide. According to the MMR report, the molybdenum market in China is forecasted to grow to XX million lb by 2030 from 83,186.6 million lb in 2023. Major Chinese molybdenum manufacturers include Rio Tinto, China Molybdenum Co., Ltd., and Jjinduicheng Molybdenum Group.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/104418/
Molybdenum Market Segmentation
By Product
Steel
Chemical
Foundry
MO-Metal
Nickel Alloy
Other
By End-User
Oil and Gas
Chemical and Petrochemical
Automotive
Industrial Usage
Building and Construction
Aerospace and Defense
Others
By Sales channel
Manufacturer/Distributor
Aftermarket
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-molybdenum-market/104418/
Molybdenum Market leaders
1 Freeport-McMoRan Inc.
2 China Molybdenum Co., Ltd.
3 Compania Minera Dona Ines De Collahuasi S.C.M.
4 Antofagasta plc
5 Jinduicheng Molybdenum Co., Ltd.
6 Grupo Mรฉxicoh
7 Compaรฑรญa Minera Antamina S.A.
8 Thompson Creek Metals Company Inc.
9 S.A.B. de C.V.
10 BHP Billiton Group
11 American CuMo Mining Corporation.
12 Moly metal LLP
13 Anglo American,
14 Rio Tinto
15 Moltun
16 Codelco
17 Others.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค:https://www.maximizemarketresearch.com/request-sample/104418/
Key questions answered in the Market are:
What was the Market size in 2023?
What is the projected demand for the Molybdenum Market?
Which are the factors expected to drive the Market growth?
What is the future projection for the Molybdenum Market?
Key Offerings:
Past Molybdenum Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Molybdenum Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Maximize
Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
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