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 th...