Press release
Molybdenum Market Poised for Steady Growth: Global Industry Analysis
Molybdenum Market
The global molybdenum market is projected to experience consistent growth, driven by its extensive applications across various industries and significant regional developments.
Get a deeper look at the data by requesting a sample report today : https://www.maximizemarketresearch.com/request-sample/104418/
Market Overview
The molybdenum market is anticipated to reach approximately USD 338.72 billion by 2030, up from USD 294.88 billion in 2023, reflecting a Compound Annual Growth Rate (CAGR) of 2% during the forecast period. This growth is attributed to molybdenum's properties, such as high strength, corrosion resistance, and a low coefficient of thermal expansion, making it indispensable in sectors like steel manufacturing, oil and gas, and chemicals.
Competitive Landscape
The molybdenum market is characterized by strategic mergers and acquisitions, enhancing the positions of key players. Notably, CMOC Group Limited has expanded its global footprint through significant acquisitions, including assets in Brazil, China, and the Democratic Republic of Congo.
Regional Insights
United States: Molybdenum Market Growth and Trends
In the United States, molybdenum production increased by 25% in 2023, reaching 44,600 tonnes with an estimated value of USD 800 million. This surge is driven by rising energy demands and the metal's extensive use in steel and specialty chemical applications.
Gain more details with a free sample report. Inquire now : https://www.maximizemarketresearch.com/market-report/global-molybdenum-market/104418/
Asia Pacific: Molybdenum Market Opportunities and Consolidation
The Asia Pacific region presents substantial growth opportunities for the molybdenum market, primarily due to increasing industrialization and infrastructure development. China's dominance in molybdenum production, accounting for 40% of global supplies, has led to strategic export controls on specific molybdenum powders used in missile parts production, impacting global supply chains.
Europe: Molybdenum Market Trends and Updation
Europe's molybdenum market is influenced by advancements in medical technology. A recent shutdown of a nuclear reactor in the Netherlands, one of the major producers of molybdenum-99 (a crucial isotope for medical imaging), led to significant shortages and highlighted the need for stable molybdenum supplies in the healthcare sector.
Middle East and Africa: Molybdenum Market Opportunities and Consolidation
The Middle East and Africa region is witnessing increased interest in molybdenum due to its applications in oil and gas industries. CMOC Group Limited's acquisition of an 80% stake in the Tenke Fungurume Mine in the Democratic Republic of Congo underscores the region's potential in contributing to global molybdenum supplies.
Recent Developments
Lundin Mining's Strategic Acquisitions: In March 2023, Lundin Mining acquired a 51% interest in the Caserones copper-molybdenum mine from JX Nippon Mining & Metals for $950 million, later increasing its ownership to 70% for an additional $350 million.
Check out our trending studies to understand industry shifts :
Frozen Food Market https://www.maximizemarketresearch.com/market-report/frozen-food-market-industry/11588/
Vodka Market https://www.maximizemarketresearch.com/market-report/global-vodka-market/116603/
Honey Market https://www.maximizemarketresearch.com/market-report/global-honey-market/120330/
About Us
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
Reach Out to Maximize Market Research for In-Depth Analysis and Market Insights :
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
sales@maximizemarketresearch.com
www.maximizemarketresearch.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 Poised for Steady Growth: Global Industry Analysis here
News-ID: 3902989 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Automotive Haptic Technology Market Growth Forecast 2025-2032 Overview (USD 6.50 …
Automotive Haptic Technology Market size was valued at USD 4.30 Billion in 2024 and the total Global Automotive Haptic Technology Market revenue is expected to grow at a CAGR of 5.3% from 2025 to 2032, reaching nearly USD 6.50 Billion, rising demand for advanced infotainment systems.
Automotive Haptic Technology Market Overview:
The Automotive Haptic Technology Market is witnessing significant growth as automakers increasingly focus on enhancing driver engagement, safety, and comfort. Haptic…
Clinical Trials Market Set to Reach USD 88.26 Billion by 2032 with a 6.13% CAGR …
According to a new report by Maximize Market Research, the global Clinical Trials Market was valued at USD 54.83 billion in 2024 and is projected to reach USD 88.26 billion by 2032, growing at a CAGR of 6.13%. A major surge in biopharmaceutical R&D and oncology-focused studies is driving the global clinical trials market toward nearly USD 88.26 billion by 2032 at a 6.13% CAGR.
► Get a sample of the…
Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5 …
Turbo Trainer Market size was valued at USD 281.52 Mn. in 2024 and the total Turbo Trainer revenue is expected to grow at 5.16% through 2025 to 2032, reaching nearly USD 421.03 Mn.
Turbo Trainer Market Overview:
The Turbo Trainer Market is witnessing significant growth as fitness enthusiasts increasingly adopt indoor cycling equipment for year-round training. Turbo trainers, which allow users to convert regular bicycles into stationary exercise machines, have become essential…
Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of …
Sodium Acetate Market size was valued at USD 206.17 Million in 2024, and the total revenue is expected to grow at CAGR of 7 % from 2025 to 2032, reaching nearly USD 354.24 Million.
Sodium Acetate Market Overview:
The Sodium Acetate Market is experiencing steady growth due to its widespread applications across industries such as food and beverage, pharmaceuticals, textiles, and chemical manufacturing. Sodium acetate, a versatile salt of acetic acid, is…
More Releases for Molybdenum
High Purity Molybdenum Market Size, Share and Forecast By Key Players-JINDUICHEN …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global High Purity Molybdenum market is anticipated to grow at a compound annual growth rate (CAGR) of 13.04% between 2024 and 2031. The market is expected to grow to USD 25.32 Billion by 2024. The valuation is expected to reach USD 59.71 Billion by 2031.
The High Purity Molybdenum market is experiencing significant growth, driven by its critical role…
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 forecast 2017-2025 : Codelco, China Molybdenum, and Centerra G …
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 – 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…
