The Global Molybdenum (Mo) Market size was valued at around USD 5.32 billion in 2023 & is anticipated to reach around USD 6.70 billion by 2030. The market is also estimated to grow at a CAGR of around 3.92% during the forecast period, i.e., 2025-30.
Global Molybdenum (Mo) Market Driver:
Increasing Global Steel Production – The rise in steel production is the primary driver for molybdenum usage in the Global Molybdenum Market, it is to the point that 71% of the molybdenum was consumed in the production of various steel grades, amounting to 447.3 million pounds (184,058.4 metric tons) in 2023. The steel production will pick up its pace with the rise in demand. According to the World Steel Association, the short-term forecast for steel demand accounts for an increase of 2.96% from 1,599.4 million metric tons in 2023 to 1,646.7 million metric tons in 2025. Also, as the inflationary pressure on the global economy wanes due to high interest rates by the central banks over a prolonged period, any interest rate cut can lead to economic recovery boosting the steel demand. For instance,
· In June 2024, the European Central Bank lowered its interest rate by 25 basis points. The expectation for this resulted in a slight increase in production from April on a YoY basis. However, with the announcement, a significant rise in steel production of 5.1% on a YoY basis for June was observed in the European Union, this continued with the increase of 5.7% for July month yearly.
The decision to cut interest rates by major economies as the inflationary pressure declines can promote massive recovery in the global economy. This can lead to a rise in steel demand and production leading to growth in the Global Molybdenum Market.
Download a free sample copy of the Report: https://www.marknteladvisors.com/query/request-sample/molybdenum-market.html
Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Browse Full Report including (TOC+ List of Table and Figures) : https://www.marknteladvisors.com/research-library/molybdenum-market.html
Global Molybdenum (Mo) Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Application
- Electric Conductivity- Market Size & Forecast 2020-2030, Thousand Tons
- Imaging- Market Size & Forecast 2020-2030, Thousand Tons
- Metal Alloys- Market Size & Forecast 2020-2030, Thousand Tons
- Catalyst- Market Size & Forecast 2020-2030, Thousand Tons
- Others- Market Size & Forecast 2020-2030, Thousand Tons
- By End-User
- Oil & Gas- Market Size & Forecast 2020-2030, Thousand Tons
- Chemical & Petrochemical- Market Size & Forecast 2020-2030, Thousand Tons
- Electronics- Market Size & Forecast 2020-2030, Thousand Tons
- Iron & Steel- Market Size & Forecast 2020-2030, Thousand Tons
- Energy & Power- Market Size & Forecast 2020-2030, Thousand Tons
- Others (Aerospace & Defense, etc.)- Market Size & Forecast 2020-2030, Thousand Tons
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Multi Metal Development Limited, Anglo American, BHP (Peru Antamina), Antofagasta PLC, Centerra Gold Inc., CMOC Group, Codelco, Freeport-McMoRan (Climax Molybdenum), Grupo Mexico, Plansee, Rio Tinto, Zijin Mining Group Co., Ltd., ABSCO Limited, KGHM, and Others.
Have questions? Our consultant is ready to assist: https://www.marknteladvisors.com/query/talk-to-our-consultant/molybdenum-market.html
Data-Driven Insights Backed by Proven Research
We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
From smart sample selection and reliable data collection to in-depth analysis and precise forecasting, our process is designed to minimize error and maximize impact.
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Contact Us
MarkNtel Advisors
Email: sales@marknteladvisors.com
Website: www.marknteladvisors.com
Latest Press Release – https://www.marknteladvisors.com/press-release
