Molybdenum Market Growth, Demand and Challenges of the Key Industry Players 2027

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Global Molybdenum Market Research and Forecast
Report 2022-2027




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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Report Description
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Report Description and Highlights
Report Description
Global Molybdenum Market Research Report The
latest report by IMARC, titled Molybdenum
Market Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2022-2027 the
global molybdenum market reached a volume of
5,400 Tons in 2021. Molybdenum is a
silvery-white, lustrous, lightweight, transition
metal that is recovered from mining copper and
tungsten. Durable, corrosion-resistant, strong,
and stable at high temperatures, it offers
excellent strength and mechanical stability. The
material also has low thermal expansion
properties, making it more efficient at retaining
shape. Additionally, it is a vital trace mineral
that occurs naturally in milk, cereal grains,
leafy vegetables, and organ meats. It is
primarily used as an alloying agent in the
manufacturing of structural steel and stainless
steel to enhance hardness, electrical
conductivity, and tensile strength. In addition
to being used in rotating X-ray anodes, it is
also employed in molten glass-resistant
components and heat sinks that are thermally
expansive. Request Free Sample Report
https//www.imarcgroup.com/molybdenum-market/reque
stsample
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Report Description and Highlights
Report Description

Global Molybdenum Market Trends The global
market is majorly driven by the escalating demand
for steel alloys in the iron and steel industry
across the globe. This can be attributed to the
widespread construction of residential and
commercial spaces. In addition to this, the rapid
product utilization in the automotive industry
for the manufacturing of several automobile
components is providing an impetus to the market.
Besides this, favorable government regulations
that permit stainless steel to be used in the
food and beverage industry are fueling the demand
for food-grade stainless steel, which, in turn,
is driving the market. Moreover, the growing
adoption of molybdenum catalysts in sulfur
removal procedures and refining petroleum
products is impacting the market positively. In
line with this, the escalating demand for
superior aircraft turbine engines due to
considerable growth in the aviation industry is
resulting in a higher product uptake. Also, the
augmenting demand for molybdenum in the defense
industry to manufacture high-quality war
equipment and devices is positively influencing
the market. The market is further propelled by
the increasing usage of molybdenum in electronic
devices due to its tendency to expand at high
temperatures. Some of the other factors
contributing to the market include rapid
urbanization and industrialization, the
augmenting demand for reducing carbon emission,
inflating disposable income levels and extensive
research and development (RD) activities. On
account of the aforementioned factors, the market
is anticipated to reach a volume of 6,429 Tons by
2027, exhibiting a CAGR of 2.80 during
2022-2027. Looking forward, the market value is
projected to reach a strong growth during the
forecast period (2022-2027).
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Report Description and Highlights
Report Description
Market Summary Breakup by Product Type
Steel Chemical Foundry
Molybdenum Metal Nickel Alloy Bre
akup by Sales Channel Manufacturer/Dist
ributor Aftermarket Breakup by End Use
Oil and Gas Automotive
Heavy Machinery Energy Aer
ospace and Defense

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Report Description and Highlights
Report Description
Others Breakup by Region Nor
th America United States
Canada Asia-Pacific
China Japan
India South Korea
Australia Indonesia
Others Europe
Germany France
United Kingdom Italy
Spain

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Report Description and Highlights
Report Description
Russia Others
Latin America Brazil
Mexico Others
Middle East and Africa

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Report Description and Highlights
Report Description

• Competitive Landscape with Key Players
• ABSCO Limited
• American CuMo Mining Corporation
  Centerra Gold Inc. China Molybdenum Co. Ltd. China
  Rare Metal Material Co. Ltd. Codelco Freeport-McM
  oRan Inc. Grupo México Jinduicheng Molybdenum Co.
  Ltd KGHM Polska Mied? S.A. Molten Corporation Moly
  Metal L.L.P.
• View Full Report with TOC List of Figure
  https//www.imarcgroup.com/molybdenum-market

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

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