Press release
Molybdenum Market to Reach 389.22 Million Tons by 2030 Driven by Steel Applications and Alloy Demand
Mordor Intelligence has published a new report on the "Molybdenum Market" offering a comprehensive analysis of trends, growth drivers, and future projectionIntroduction
The Molybdenum Market size is estimated at 317 million tons in 2025 and is projected to reach 389.22 million tons by 2030, registering a CAGR of 4.19% during the forecast period (2025-2030). Molybdenum is essential in modern industrial processes due to its high melting point, tensile strength, and resistance to corrosion. It plays a critical role in alloying steel and producing superalloys used in demanding environments such as oil and gas pipelines, refineries, aerospace, and automotive manufacturing.
Its widespread use in strengthening stainless steel, coupled with robust demand from Asia-Pacific's manufacturing sector, continues to support market growth. Furthermore, industrial development and energy investments across emerging economies are expected to sustain consumption growth in the coming years.
Report Overview: https://www.mordorintelligence.com/industry-reports/molybdenum-market?utm_source=openpr
Key Trends
Strong Demand from the Steel Industry
Steel production remains the leading application segment for molybdenum, accounting for a significant share of global consumption. The addition of molybdenum enhances steel's strength, hardness, weldability, and resistance to corrosion. Its usage is critical in stainless steel grades for pipelines, chemical tanks, desalination plants, and construction equipment. Rising infrastructure spending and industrialisation, particularly in Asia-Pacific, will maintain this demand trajectory.
Expanding Applications in Chemical and Petrochemical Sectors
The chemical and petrochemical industries are major consumers of molybdenum, where it serves as a catalyst in hydrodesulfurisation processes to remove sulfur from crude oil. With refiners upgrading capacity and adopting stricter environmental regulations to produce cleaner fuels, molybdenum catalysts will see consistent demand.
Growth in Automotive and Aerospace Alloys
In the automotive sector, molybdenum enhances steel strength in structural components, drive shafts, and engine parts, supporting lightweighting and performance requirements. The aerospace sector relies on molybdenum-based superalloys for engine components and turbine parts due to their high-temperature stability and strength-to-weight ratio. As aircraft production and electric vehicle adoption expand, molybdenum usage in alloys will continue rising.
Mining Output Stability and Recycling Initiatives
Mining companies are optimising operations to stabilise supply amid fluctuating prices. Furthermore, recycling molybdenum from spent catalysts and allo is gaining importance, aligning with sustainability goals while ensuring supply security for end-user industries.
Asia-Pacific as the Leading Regional Market
Asia-Pacific dominates molybdenum consumption, led by China, Japan, South Korea, and India. Strong industrial manufacturing, construction activities, and investments in petrochemicals and energy projects underpin regional demand. The region's steel sector remains a key driver, and future growth is supported by urbanisation and infrastructure expansion initiatives.
Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/molybdenum-market?utm_source=openpr
Market Segmentation
The molybdenum market is segmented based on end product, product form, end-use industry, and geography, reflecting its diverse industrial applications:
By End Product
Steel
Chemical
Foundry
Other End Products
Steel holds the dominant market share due to molybdenum's alloying properties enhancing performance under extreme conditions.
By Product Form
Molybdenum Concentrates
Roasted Molybdenum
Ferromolybdenum
Other Forms
Ferromolybdenum remains critical in alloy production, while roasted molybdenum and concentrates cater to chemical and catalyst applications.
By End-Use Industry
Oil & Gas
Chemical & Petrochemical
Automotive
Industrial
Building & Construction
Other Industries
Oil & gas leads demand due to pipeline and refinery component requirements, followed closely by chemical and automotive industries.
By Geography
Asia-Pacific
North America
Europe
Rest of the World
Asia-Pacific remains the largest regional market, driven by high steel production and industrial consumption.
Explore Our Full Library of Metals and Minerals Research Industry Reports: https://www.mordorintelligence.com/market-analysis/metals-and-minerals?utm_source=openpr
Key Players
The global molybdenum market is moderately consolidated, with major mining and refining companies operating globally to ensure stable supply to steel, chemical, and alloy manufacturers. Key players include:
Antofagasta plc
A Chile-based mining group with significant molybdenum production as a copper by-product, supplying global steel and chemical sectors.
China Molybdenum Co. Ltd.
One of the world's leading molybdenum producers, with mining and refining operations catering to domestic and export markets.
Codelco
Chile's state-owned mining company remains a major global supplier of molybdenum, produced as a by-product from its copper operations.
Freeport-McMoRan
With extensive mining operations in North and South America, Freeport-McMoRan is a key supplier to alloy and steel industries globally.
GRUPO MÉXICO
This diversified mining company produces molybdenum from its copper mining operations, focusing on efficient production and supply continuity.
These companies are investing in process optimization, sustainability initiatives, and capacity expansions to cater to growing demand from steel, energy, automotive, and chemical industries.
Explore more insights on molybdenum market competitive landscape: https://www.mordorintelligence.com/industry-reports/molybdenum-market/companies?utm_source=openpr
Conclusion
The molybdenum market outlook remains robust, anchored by strong steel industry demand and expanding applications in chemical, automotive, and aerospace sectors. Asia-Pacific will continue to dominate consumption due to its large manufacturing base and infrastructure investments, while North America and Europe maintain steady demand driven by alloy and chemical processing industries.
As the market progresses, mining output stability, recycling initiatives, and efficient resource management will remain crucial to meeting industry needs. Companies with strategic production capabilities and sustainability-focused operations are well-positioned to support global molybdenum demand growth over the forecast period.
For complete market analysis on Brick Market visit the Mordor Intelligence page: https://www.mordorintelligence.com/industry-reports/molybdenum-market?utm_source=openpr
Industry Related Reports
Platinum Group Metals Market: The Platinum Group Metals Report is Segmented by Metal Type (Platinum, Palladium, Rhodium, and More), Application (Auto Catalysts, Electrical and Electronics, and More), Source (Primary (Mined), Recycled/Secondary), End-Use Industry (Automotive, Industrial Chemicals, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (tons).
Get more insights: https://www.mordorintelligence.com/industry-reports/platinum-group-metals-market?utm_source=openpr
Titanium Market: The Titanium Market report segments the industry into Product Type (Titanium Metal, Titanium Alloy, Titanium Compounds And Catalysts, Others), Application (Aerospace, Industrial, Power Generation, Chemical Processing, Medical, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East And Africa).
Get more insights: https://www.mordorintelligence.com/industry-reports/titanium-market?utm_source=openpr
Selenium Market: Selenium Market is Segmented by Type (Inorganic Selenium, Organic Selenium), Form (Powder, Liquid, Tablet), End-Use Industry (Food and Beverage, Pharmaceuticals, Cosmetics, Electronics), Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa).
Get more insights: https://www.mordorintelligence.com/industry-reports/selenium-market?utm_source=openpr
Hafnium Market: The Hafnium Market Report is Segmented by Type (Hafnium Oxide, Hafnium Carbide, And Other Types), Application (Super Alloy, Optical Coating, Nuclear, Plasma Cutting, And Other Applications), And Geography (France, United States, China, India, Japan, Russia, European Union and Rest of the World)
Get more insights: https://www.mordorintelligence.com/industry-reports/hafnium-market?utm_source=openpr
For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/
Mordor Intelligence, 11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli, Hyderabad, Telangana - 500032, India
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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 to Reach 389.22 Million Tons by 2030 Driven by Steel Applications and Alloy Demand here
News-ID: 4094650 • Views: …
More Releases from Mordor Intelligence
Hyperloop Technology Market Size to Reach USD 9.98 billion by 2030 - Rising Focu …
The Hyperloop Technology Market size is estimated at USD 1.83 billion in 2025, and is expected to reach USD 9.98 billion by 2030, at a CAGR of 40.45% during the forecast period (2025-2030). This next-generation transport system combining magnetic levitation and low-pressure tube infrastructure offers ultra-fast, energy-efficient, and sustainable alternatives to existing air and rail networks. Growing urbanization, public infrastructure investments, and a global shift toward low-emission mobility solutions are…
Ad Tech Market to Reach USD 1.46 Trillion by 2030, Driven by Expanding CTV Adver …
Mordor Intelligence has published a new report on the Ad Tech Market, offering a comprehensive analysis of trends, growth drivers, and future projections.
Overview of the Ad Tech Market
The advertising tech market size was valued at USD 0.9 trillion in 2025 and is predicted to reach USD 1.46 trillion by 2030 after expanding at a 10.25% CAGR from 2025. North America currently holds the largest Ad Tech Market share,…
3D Cell Culture Market to Reach USD 4.71 billion by 2030 Driven by Growing Deman …
Introduction: Rising Demand Strengthens Global 3D Cell Culture Market Growth
The 3D cell culture market size is valued at USD 2.32 billion in 2025 and is forecast to reach USD 4.71 billion by 2030, progressing at a 15.26% CAGR during 2025-2030, according to the latest analysis from Mordor Intelligence. This growth reflects the increasing use of three-dimensional cell culture systems in drug discovery, cancer biology, and tissue engineering. As research…
Antivenoms Market Forecast to Reach USD 1.44 Billion by 2030; Driven by Rural He …
Mordor Intelligence has published a new report on the "antivenoms market" offering a comprehensive analysis of trends, growth drivers, and future projection-Mordor intelligence
Introduction
The antivenoms market is projected to grow from approximately USD 1.24 billion in 2025 to around USD 1.44 billion by 2030, reflecting an annual growth trajectory near 3.13 percent per year. This steady climb in market value underscores the continued demand for effective treatment of…
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…
