Molybdenum Market by End Product, Application, and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR45580

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The molybdenum market size has the potential to grow by 41.68 thousand MT during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end product (steel, chemical, foundry, molybdenum metal, and nickel alloy), application (oil and gas, automotive, heavy machinery, energy, and others), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ABSCO Ltd., Anglo American Plc, Antofagasta Plc, Centerra Gold Inc., China Molybdenum Co. Ltd., China Rare Metal Material Co. Ltd., Corporacion Nacional del Cobre de Chile, Freeport-McMoRan Inc., Grupo Mexico SAB de CV, and Rio Tinto Ltd.

Market Overview

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Market Competitive Analysis

The molybdenum market is fragmented. ABSCO Ltd., Anglo American Plc, and Antofagasta Plc are some of the major market participants. Factors such as high demand from APAC, growing demand for molybdenum in the oil and gas segment, and demand from automotive and construction industries will offer immense growth opportunities. However, volatility of steel prices, poor high temperature and oxidation resistance in molybdenum, and regulation on excess production capacity in the steel industry may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this molybdenum market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this molybdenum market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • ABSCO Ltd.
  • Anglo American Plc
  • Antofagasta Plc
  • Centerra Gold Inc.
  • China Molybdenum Co. Ltd.
  • China Rare Metal Material Co. Ltd.
  • Corporacion Nacional del Cobre de Chile
  • Freeport-McMoRan Inc.
  • Grupo Mexico SAB de CV
  • Rio Tinto Ltd.


Molybdenum Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. 

48% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for molybdenum in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the molybdenum market size.

Molybdenum Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive molybdenum market growth during the next five years
  • Precise estimation of the molybdenum market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the molybdenum industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of molybdenum market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The molybdenum market growth will increase by $41.68 thousand MT during 2019-2024.
The molybdenum market is expected to grow at a CAGR of 3.36% during 2019-2024.
Technavio has segmented the molybdenum market by other1 (Steel, Chemical, Foundry, Molybdenum metal, and Nickel alloy) ,application (Oil and gas, Automotive, Heavy machinery, Energy, and Others) , and geographic (APAC, Europe, North America, MEA, and South America).
ABSCO Ltd., Anglo American Plc, Antofagasta Plc, Centerra Gold Inc., China Molybdenum Co. Ltd., China Rare Metal Material Co. Ltd., Corporacion Nacional del Cobre de Chile, Freeport-McMoRan Inc., Grupo Mexico SAB de CV, Rio Tinto Ltd. are a few of the key vendors in the molybdenum market.
APAC will register the highest growth rate of 47.72% among the other regions. Therefore, the molybdenum market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the molybdenum market growth are:
  • High demand from APAC
The molybdenum market vendors should focus on grabbing business opportunities from the steel segment as it accounted for the largest market share in the base year.
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