Molybdenum Market Overview 2022-2027, Global Size, Share, Trends and Forecast Report
According to the latest report by IMARC Group, "Global Molybdenum Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027", the global molybdenum market reached a volume of 5,400 Tons in 2021. Looking forward, IMARC Group expects the market to reach a volume of 6,429 Tons by 2027, exhibiting a CAGR of 2.80% during 2022-2027.
What is Molybdenum? How Big is Molybdenum Market?
Molybdenum (MO) is a metallic
element utilized in strengthening and hardening alloy steel while producing
components resistant to molten glass and heat sinks. It is a silvery-white
lightweight material that provides numerous benefits, such as density,
radiation protection, durability, resilience, electrical conductivity, and
reliability. It is also applied in rotating X-ray anodes, which are used in glass
melting furnace electrodes, clinical diagnostics, and sprayed coatings of
automotive piston rings and machine components. As a result, MO finds extensive
applications across the defense, oil and gas, chemical, petrochemical, building
and construction, and aerospace industries.
Request to Get the Sample Report: https://www.imarcgroup.com/molybdenum-market/requestsample
Market Trends and Drivers:
The market is primarily driven by
the increasing product utilization in industrial applications due to its significant
benefits, such as enhancing the toughness, hardenability, and tensile strength
of steel. In addition, the usage of molybdenum in the aviation industry to
decrease vibration and stabilize control surfaces for ailerons, rudder sections
of aircraft, helicopter rotor blades, elevators, and cockpit equipment while
improving pilot and passenger comfort represents another major growth-inducing
factor. Besides this, molybdenum is widely utilized in electronic devices due
to its high electrical conductivity property and expansion under
high-temperature conditions.
Moreover, the increasing usage of MO as a catalyst in petroleum refineries to help refine petroleum products and in the defense industry for producing nozzles-shaped charge liners and premier warheads is also contributing to market growth. Apart from this, molybdenum is employed as a lubricant in bicycle coaster brakes, bullets, and two-stroke engines and as greases for ball bearings and rollers in the manufacturing, mining, and transportation industries. Furthermore, the leading market players are investing in research and development (R&D) activities, capacity expansions, and mergers and acquisitions (M&A) to strengthen their foothold in the market, which is also creating a positive market outlook.
|
Molybdenum
Market Report Scope |
|
|
Report Coverage |
Details |
|
Market size volume in 2021 |
US$ 5,400 Tons |
|
Market forecast in 2027 |
US$ 6,429 Tons |
|
Growth Rate |
CAGR of 2.80% from 2022 to 2027 |
|
Base year for estimation |
2021 |
|
Historical data |
2016-2021 |
|
Forecast period |
2022-2027 |
COVID-19 Scenario: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Molybdenum Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been
studied in the report with the detailed profiles of the key players operating
in the market.
Some of these top key players include:
- ABSCO Limited
- American CuMo Mining Corporation
- Centerra Gold Inc.
- China Molybdenum Co. Ltd.
- China Rare Metal Material Co. Ltd.
- Codelco
- Freeport-McMoRan Inc.
- Grupo México
- Jinduicheng Molybdenum Co. Ltd
- KGHM Polska Mied? S.A.
- Molten Corporation
- Moly Metal L.L.P.
Do you know more information, Contact to our analyst at: https://www.imarcgroup.com/molybdenum-market
The report has segmented the market on the basis of region,
product type, sales channel and end use.
Breakup by Product Type:
- Steel
- Chemical
- Foundry
- Molybdenum
Metal
- Nickel
Alloy
Breakup by Sales Channel:
- Manufacturer/Distributor
- Aftermarket
Breakup by End Use:
- Oil and
Gas
- Automotive
- Heavy Machinery
- Energy
- Aerospace
and Defence
- Others
Breakup by Region:
- North
America: (United States, Canada)
- Asia
Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe:
(Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin
America: (Brazil, Mexico, Others)
- Middle
East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market
Performance (2016-2021)
- Market
Outlook (2022- 2027)
- Porter’s
Five Forces Analysis
- Market
Drivers and Success Factors
- SWOT
Analysis
- Value
Chain
- Comprehensive
Mapping of the Competitive Landscape
If you need specific information that is not currently
within the scope of the report, we can provide it to you as a part of the
customization.
About Us:
IMARC Group is a leading market research company that
offers management strategy and market research worldwide. We partner with
clients in all sectors and regions to identify their highest-value
opportunities, address their most critical challenges, and transform their
businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market,
scientific, economic and technological developments for business leaders in
pharmaceutical, industrial, and high technology organizations. Market forecasts
and industry analysis for biotechnology, advanced materials, pharmaceuticals,
food and beverage, travel and tourism, nanotechnology and novel processing
methods are at the top of the company’s expertise.
Comments
Post a Comment