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The Global Molybdenum Market accounted for USD 350,000 million by end of 2026 and is projected to grow at a CAGR of 3.3% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2017, 2018, the base year of calculation is 2019 and the forecast period is 2019 to 2026.
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Global Molybdenum Market, By End Product Type (Steel, Chemicals, Foundries, Mo-Metals, Nickel Alloy, Others), By Application (Oil & Gas, Automotive, Heavy Machinery, Energy, Aerospace & Defense, Others), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Complete report on Global Molybdenum Market Research Report 2019-2026 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Molybdenum Market
Molybdenum compounds have low solubility in water, but when molybdenum-bearing minerals contact oxygen and water, the resulting molybdate ion MoO2−
4 is quite soluble. Industrially, molybdenum compounds are used in high-pressure and high-temperature applications as pigments and catalysts. There is a growing demand for Molybdenum in oil and gas industry, which is expected to be one of the major drivers of the market over the next few years.
Key Questions Answered in Global Molybdenum Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Molybdenum Market in 2024?
- What are the key factors driving, Analysis by Applications and Countries Global Molybdenum Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Molybdenum Market?
- Who are Opportunities, Risk and Driving Force of Global Molybdenum Market?
- Who are the opportunities and threats faced by the vendors in Global Molybdenum Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Molybdenum Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- Induicheng Molybdenum Co., Ltd.
- BHP Billiton Group
- Compania Minera Dona Ines De Collahuasi S.C.M.
- Compañía Minera Antamina S.A.
- Thompson Creek Metals Company Inc.
- Antofagasta plc
- China Molybdenum Co., Ltd.
- American CuMo Mining Corporation
- Grupo México
- A.B. de C.V. and Freeport-McMoRan Inc.
- Shaanxi Non-ferrous Metals Holding Group Co., Ltd.
- Antofagasta plc.
- Moly metal L.L.P
- ENF Ltd.
- many more.
Major Market Drivers:
- Increasing Focus on Renewable Energy Production
- APAC region excluding japan to Remain Largest and Fastest Growing Market for Molybdenum.
- Oil & Gas Industry will be largest consumer of Molybdenum
- Oversupply for weaker demand has resulted into reduced capital spending
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Customize report of “Global Molybdenum Market” as per customers requirement also available.
Global Molybdenum Market is segmented on the basis of
- End Product Type
Market Segmentations in Details:
On the basis of End Product Type into Steel, Chemicals, Foundries, Mo-Metals, Nickel Alloy, Others
On the basis of Application the molybdenum market is segmented into Oil & Gas, Automotive, Heavy Machinery, Energy, Aerospace & Defense, Others.
On the basis of Geography,
- North America
- South America
- Middle East & Africa
Competitive Landscape: Global Molybdenum Market
The Global Molybdenum Market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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