Overview

The Global Molybdenum growing with a CAGR of 4.0% during the forecast period 2024-2031

As industries emphasize energy efficiency and sustainable materials, molybdenum continues to play a crucial role in steel, chemical, and foundry applications. With ongoing innovations, the molybdenum market is set for further expansion and new opportunities in the coming years. The Asia-Pacific region, accounting for over a quarter of the global market share, is a key area of growth, driven by its large population, rising disposable income, and strong construction market development.

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Market Growth Trends

Renewable Energy Sector Growth

The Global Molybdenum Market is fueled by several factors, including the expanding renewable energy sector. This sector is becoming a major growth driver, as molybdenum is used in catalysts for petroleum refining and biofuel synthesis, making it essential in the shift toward cleaner energy sources.

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Market is Segmented

By End Products:  Steel, Chemicals, Foundries, MO-Metals, Nickel Alloys

By End-User Industry:  Oil & Gas, Chemical and Petrochemical, Automotive, Industrial Usage, Building & Construction, Aerospace & Defense, Others

By Region:  North America, Latin America, Europe, Asia Pacific, Middle East, and Africa

Market Key Players

·         BHP Billiton Group

·         Jinduicheng Molybdenum Co. Ltd.

·         American CuMo Mining

·         Compañía Minera Antamina S.A.

·         S.A.B. de C.V.

·         Grupo México

·         Thompson Creek Metals

·         Moly Metal LLP

·         ENF Ltd.

·         Compañía Minera Doña Inés de Collahuasi S.C.M.

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