Molybdenum Market Set for USD 6.7 Billion Valuation by 2030 | Leading Players: Freeport-McMoRan, Codelco, BHP, Rio Tinto

Global Molybdenum Market Size: 2025 Outlook

The global molybdenum market is poised for significant growth, with projections indicating that the market size, valued at approximately USD 5.32 billion in 2023, is anticipated to reach around USD 6.70 billion by 2030. This growth represents a compound annual growth rate (CAGR) of approximately 3.92% from 2025 to 2030. The increasing demand for molybdenum in various applications, particularly in the steel industry, is driving this upward trajectory. With Asia-Pacific, especially China, dominating both production and consumption, the molybdenum market is set to witness further advancements as industries adopt new technologies and enhance their production capabilities.

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Global Molybdenum Market Statistics

• Market size anticipated to grow from USD 5.32 billion in 2023 to USD 6.70 billion by 2030.
• Projected CAGR of 3.92% during the forecast period (2025-2030).
• Asia-Pacific is expected to continue leading in molybdenum production and consumption.
• Molybdenum production increased from 575.4 million pounds (mlbs) to 627.4 mlbs from 2023 to 2025.
• The iron and steel industry consumes more than 50% of global molybdenum production.

Global Molybdenum Market Trend

The global molybdenum market is experiencing an upward trend, primarily due to increased steel production and the growing demand for high-performance alloys. As industries shift towards advanced new-age technologies, the demand for molybdenum's properties-such as high thermal and electrical conductivity-has become paramount. The adoption of digital technologies, including semiconductors and the Internet of Things (IoT), is anticipated to further bolster molybdenum demand, given its essential role in these applications.

Global Molybdenum Market Key Growth Challenge

Despite its robust growth potential, the global molybdenum market faces a significant challenge due to evolving environmental, social, and governance (ESG) regulations. These regulations aim to mitigate the impacts of climate change and pollution, leading to heightened compliance costs for mining companies. Such challenges may affect production capacities and introduce volatility into the molybdenum market, potentially constraining growth in the coming years.

Leading Companies and Competitive Landscape of the Global Molybdenum Market

The competitive landscape of the global molybdenum market features several key players, each contributing to the sector's dynamism. The following companies are leading the charge in molybdenum production and innovation:

• Multi Metal Development Limited
• Anglo American
• BHP (Peru Antamina)
• Antofagasta PLC
• Centerra Gold Inc.
• CMOC Group
• Codelco
• Freeport-McMoRan (Clemax Molybdenum)
• Grupo Mexico
• Plansee
• Rio Tinto
• Zijin Mining Group Co., Ltd.
• ABSCO Limited
• KGHM
• Others

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Global Molybdenum Market Segmentation and Region

The global molybdenum market can be segmented based on application and region as follows:

Segmentation by Application:

> Electric Conductivity
> Imaging
> Metal Alloys
> Catalyst
> Others

Segmentation by End-User:

> Oil & Gas
> Chemical & Petrochemical
> Electronics
> Iron & Steel
> Energy & Power
> Others (Aerospace & Defense, etc.)

Regional Breakdown:

> North America
> South America
> Europe
> Middle East & Africa
> Asia-Pacific

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List of Tables

• Table 1: Global Molybdenum Market Size & Analysis by Revenues (USD Million)
• Table 2: Global Molybdenum Market Size & Analysis by Volume (Thousand Tons)
• Table 3: Global Molybdenum Market Share & Analysis by Application
• Table 4: Global Molybdenum Market Size & Forecast by Electric Conductivity (Thousand Tons)
• Table 5: Global Molybdenum Market Size & Forecast by Imaging (Thousand Tons)
• Table 6: Global Molybdenum Market Size & Forecast by Metal Alloys (Thousand Tons)
• Table 7: Global Molybdenum Market Size & Forecast by Catalyst (Thousand Tons)
• Table 8: Global Molybdenum Market Size & Forecast by Others (Thousand Tons)
• Table 9: Global Molybdenum Market Size & Analysis by End-User
• Table 10: Global Molybdenum Market Outlook by Region
• Table 11: North America Molybdenum Market Size & Analysis by Revenues (USD Million)
• Table 12: North America Molybdenum Market Size & Analysis by Volume (Thousand Tons)
• Table 13: North America Molybdenum Market Size & Forecast by Application (Thousand Tons)
• Table 14: North America Molybdenum Market Size & Forecast by End-User (Thousand Tons)
• Table 15: South America Molybdenum Market Size & Analysis by Revenues (USD Million)
• Table 16: South America Molybdenum Market Size & Analysis by Volume (Thousand Tons)
• Table 17: Europe Molybdenum Market Size & Analysis by Revenues (USD Million)
• Table 18: Europe Molybdenum Market Size & Analysis by Volume (Thousand Tons)
• Table 19: The Middle East & Africa Molybdenum Market Size & Analysis by Volume (Thousand Tons)
• Table 20: Asia-Pacific Molybdenum Market Size & Analysis by Revenues (USD Million)
• Table 21: Asia-Pacific Molybdenum Market Size & Analysis by Volume (Thousand Tons)
• Table 22: Company Profiles and Financial Details of Key Players

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Scope of the Report

• Comprehensive analysis of market dynamics and forecasting for 2025-2030.
• Evidence-based insights derived from extensive secondary and primary research.
• Detailed segmentation analysis of market applications and end-users.
• Geographical distribution and trend assessments across key regions.
• Competitive landscape analysis highlighting the key industry players and strategies.

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