Molybdenum Market – Size, Share, Insights, Outlook, and Opportunity Analysis, 2018

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Molybdenum Market- Size, Share, Outlook, and
Opportunity Analysis, 2018 2025

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REPORT DESCRIPTION
Molybdenum Market Overview
Molybdenum is a silver-grey colored metal that is
hard, malleable, and ductile in nature with
excellent strength at high temperature, high
melting point, and high thermal conductivity. It
is highly resistant to heat, which makes it
useful in the production of alloys of iron and
steel. Molybdenum is extracted from molybdenite
and the major molybdenite deposits are in the
U.S., China, Canada, and Chile. According to the
U.S. Geological Survey (USGS), China, Chile, the
U.S., Peru, Mexico, and Armenia accounted
approximately 95 of total global molybdenum
production in descending order. Market
Dynamics Molybdenum is used in stainless steel,
commonly in the range of 2 to 4, which helps in
improving the resistance to pitting in chloride
environments and to fissure in Fe-Cr-Ni alloys
and Fe-Cr alloys. This is one of the major
factors driving growth of the molybdenum market.
Furthermore, increasing demand for various steel
such as stainless steel, structural steels, and
others, particularly in China, fuels growth of
this market. According to the World Steel
Association, China is the largest producer of
steel, by producing 803.8 million metric tons in
2015 and it was increased to 808.4 million metric
tons in 2016. However, molybdenum fumes and dust
produced during metalworking or mining may be
toxic if ingested, which is expected to hinder
growth of the global molybdenum market.
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REPORT DESCRIPTION

• Molybdenum Market Taxonomy
• On the basis of application, the global
  molybdenum market is segmented into
• Alloys
• Catalysts
• Fertilizers
• Foundry
• Others
• On the basis of end-use industry, the global
  molybdenum market is segmented into
• Automotive
• Oil Gas
• Aerospace Defense
• Chemical
• Energy
• Others
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REPORT DESCRIPTION
Market Outlook North America holds a significant
position in the global molybdenum market growth,
owing to growing oil and gas industry in the
region. Shale gas revolution has paved path to
increasing exploration and production activities
in this region. According to the U.S. Energy
Information Administration, the total shale
production in the U.S. in 2014 was 13.4 trillion
cubic feet, which raised up to 15.2 trillion
cubic feet in 2015. Increasing offshore EP
activities in shallow and deep water contributed
to the growth of oil and gas chemicals in this
region. Furthermore, increasing mining production
of molybdenum results in growth of the molybdenum
market. According to the United States Geological
Survey (USGS), in the U.S., mine production in
2016 was 35,800 metric tons, which increased up
to 44,600 metric tons in 2017. Key Players Some
of the leading players operating in the global
molybdenum market include Centerra Gold Inc.,
Codelco Mining Company, China Molybdenum Company
Limited, Freeport-McMoRan Inc., Anglo American
plc., Cronimet Group, Jinduicheng Molybdenum
Group Co., Ltd., Shaanxi Non-Ferrous Metals
Holding Group Co., Ltd, Antofagasta plc., Grupo
México, and S.A.B. de C.V. Request Customization
Of Research Report _at_https//www.coherentmarketinsi
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