Molybdenum Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Molybdenum Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : September, 2020 | Chemical & Materials | PPT format

Report Digest


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% greater than iron's. Its coefficient of thermal expansion is the lowest of the engineering materials, while its thermal conductivity exceeds all but a handful of elements. Molybdenum-based alloys have a unique combination of properties, including high strength at elevated temperatures, high thermal and electrical conductivity, and low thermal expansion. Molybdenum metal and its alloys are the first choice in many demanding specialized applications.

The surge in demand for molybdenum bearings in the industries of steel and chemicals is elevating the product’s rates. This is expected to propel the molybdenum market to a great extent. Additionally, the booming industrial activities, coupled with the infrastructural growth in countries, such as India, Indonesia, and China are forecasted to witness a higher demand for steel, which is predicted to fuel the global molybdenum market during the forecast period.

The demand for molybdenum is also seen to rise in the oil and gas sector on account of its applications as an alloying agent in oil and natural gas pipelines. Furthermore, it is also used as alloys and refinery catalysts in the oil and gas industry. The industry is anticipated to contribute considerably to the growth of the molybdenum market in the coming years, due to the increasing usage of molybdenum in applications including the development of liquefied natural gas (LNG) and deep oil production.

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 gas industry could bode well for the market. Furthermore, the industry uses molybdenum as a refinery catalyst and an alloy. Molybdenum is also used as an additional component in the manufacture of tool, engineering, and stainless steels.

Global Molybdenum Market: Trends and Opportunities

Extensive use of molybdenum in steel is mainly observed in the construction and automotive industries due to the growing interest of a large count of manufacturers. The world molybdenum market is foreseen to accept a positive impact from these industries because of the rising demand for the metal. Global steel consumption is said to be substantially accounted for by the construction industry. Nonetheless, the consumption could be relatively high in other industries, viz. transportation and automobile as well. The application of molybdenum in the steel industry is expected to gain impetus on the back of transportation, infrastructure, and other end-use industries significantly raising the demand for concrete.

Global Molybdenum Market: Market Potential

In April 2018, University of Alberta researchers under the leadership of Professor Abdulhakem Elezzabi converted a smart window into rechargeable battery with high capacity. According to the researchers, the transparent smart window could store electrical energy and also recover it when required to power electrical devices. Here, the use of tungsten molybdenum oxide nanowires was key for the nanohybridization of molybdenum oxide to allow energy storing smart windows exercise solution-processed fully reversible switching. This system helps molybdenum smart windows yield 50% optical contrast modulation and 100% enhanced energy capacity simultaneously.

Global Molybdenum Market: Regional Outlook

The international molybdenum market is projected to find growth opportunities resting on the rise of the automotive industry in the U.S. While this is forecasted to influence the market in a positive manner, the consumption of steel in Asia Pacific and ensuing increase in the demand for molybdenum could not be turned a blind eye to. The requirement of high-strength steel in Taiwan, China, and India is envisaged to increase with the economic development of the emerging countries. Moreover, rapid urbanization, increasing size of the middle-income population group, and high infrastructure development could further raise the consumption of steel and eventually molybdenum in Asia Pacific.

Global Molybdenum Market: Competitive Landscape

Leading companies operating in the industry are envisioned to possess better ability to deal with changes in market conditions due to their superior molybdenum, financial, and technological sources. The international molybdenum market is marked by the presence of ace players such as Codelco, China Molybdenum, and Centerra Gold. Players are anticipated to compete on the grounds of economies of scale, price, operation cost, and other aspects.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?