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Global Molybdenum Market 2017-2021

Global Molybdenum Market 2017-2021

About Molybdenum

Molybdenum is a hard transition metal with atomic number 42. It does not occur as a free metal; it is found in various oxidized states in minerals. It is a silvery metal with a grey cast. Also, it has a very high melting point. The density of molybdenum is only 25% greater than iron, which makes it better than other high melting-point metals. It forms hard, stable carbides in alloys, and due to this, it is primarily used in steel alloys, including high-strength alloys and superalloys. Molybdenum is a transition metal. Molybdenum is available in the Earth's crust and oceans. The major molybdenum producing countries are China, the United States, Chile, Peru, Mexico, and some European countries. Molybdenum, when added to steel and cast iron, enhances their strength, hardenability, toughness, and high temperature and corrosion resistance. In nickel-based alloys, it facilitates resistance to both corrosion and creep-formation at high temperatures.

Technavio’s analysts forecast the global molybdenum market to grow at a CAGR of 3.20% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global molybdenum market for 2017-2021. To calculate the market size, the report considers the retail selling price is considered as the average selling price of the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Molybdenum Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Centerra Gold
  • China Molybdenum
  • Codelco
  • Freeport-McMoRan
  • Grupo Mexico
Other prominent vendors
  • Anglo American
  • Antofagasta
  • CRONIMET
  • Erdene Resource Development
  • Jinduicheng Molybdenum Group
  • KGHM
  • PLANSEE
  • Rio Tinto
  • RUBAMIN
  • Shaanxi Non-ferrous Metals Holding Group
  • SMR
  • Taseko
  • Teck Resources
Market driver
  • High demand from APAC
  • For a full, detailed list, view our report
Market challenge
  • Volatility of steel prices
  • For a full, detailed list, view our report
Market trend
  • Growing wind energy industry
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Molybdenum Market 2017-2021

Technavio recognizes the following companies as the key players in the global molybdenum market: Centerra Gold, China Molybdenum, Codelco, Freeport-McMoRan, and Grupo Mexico

Other Prominent Vendors in the market are: Anglo American, Antofagasta, CRONIMET, Erdene Resource Development, Jinduicheng Molybdenum Group, KGHM, PLANSEE, Rio Tinto, RUBAMIN, Shaanxi Non-ferrous Metals Holding Group, SMR, Taseko, and Teck Resources.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing wind energy industry. Molybdenum is used in the production of various kind of steels. These steels are used in various end-user segments such as oil and gas, automotive, and heavy machinery. One of the major trends of the market for molybdenum is the growth of the renewable energy industry. This involves the use of steel infrastructures for construction. In recent years, the demand for energy has increased in all major industries. The natural resources are fast depleting. This has prompted manufacturers to venture into renewable energy resources.”

According to the report, one of the major drivers for this market is High demand from APAC. APAC is the largest and strongest growing market for steel in terms of production and consumption. Molybdenum is one of the major raw materials used for the production of steel-based products. The rapid increase in industrialization and economic development in China, India, and South Korea are the primary driver of the high consumption of molybdenum in the region.

Further, the report states that one of the major factors hindering the growth of this market is Volatility of steel prices. The use and consumption of molybdenum are highly dependent on the performance of the global steel industry. Molybdenum is extensively used as an alloying element for strengthening steels used in building and bridges. It is effective in increasing the strength of reinforcement bars used in buildings, tunnels, and bridges. It is added to the bars in prestressed concrete structures and suspension ropes. In addition, it is typically used as an alloying element for strengthening steel section.

Companies Mentioned

Centerra Gold, China Molybdenum, Codelco, Freeport-McMoRan, Grupo Mexico, Anglo American, Antofagasta, CRONIMET, Erdene Resource Development, Jinduicheng Molybdenum Group, KGHM, PLANSEE, Rio Tinto, RUBAMIN, Shaanxi Non-ferrous Metals Holding Group, SMR, Taseko, and Teck Resources.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Major properties of molybdenum
      • Table Production process of molybdenum
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Global non-ferrous metal market overview
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - inclusions and exclusions checklist
    • Market size and forecast 2016-2021
      • Table Global molybdenum market 2016-2021 (thousand metric tons)
      • Table Global molybdenum market - Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2016-2021 (%)
    • Comparison by application
      • Table Comparison by application
    • Oil and gas - Market size and forecast 2016-2021
      • Table Oil and gas - Market size and forecast 2016-2021 (thousand metric tons)
      • Table Oil and gas - Year-over-year growth 2017-2021 (%)
    • Automotive - Market size and forecast 2016-2021
      • Table Automotive - Market size and forecast 2016-2021 (thousand metric tons)
      • Table Automotive - Year-over-year growth 2017-2021 (%)
    • Heavy machinery - Market size and forecast 2016-2021
      • Table Heavy machinery - Market size and forecast 2016-2021 (thousand metric tons)
      • Table Heavy machinery - Year-over-year growth 2017-2021 (%)
    • Energy - Market size and forecast 2016-2021
      • Table Energy- Market size and forecast 2016-2021 (thousand metric tons)
      • Table Energy - Year-over-year growth 2017-2021 (%)
    • Aerospace and defense - Market size and forecast 2016-2021
      • Table Aerospace and defense - Market size and forecast 2016-2021 (thousand metric tons)
      • Table Aerospace and defense - Year-over-year growth 2017-2021 (%)
    • Others - Market size and forecast 2016-2021
      • Table Others - Market size and forecast 2016-2021 (thousand metric tons)
      • Table Others - Year-over-year growth 2017-2021 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by end products
    • Segmentation by end products
      • Table End products - Market share 2016-2021 (%)
    • Comparison by end-user
      • Table Comparison by end products
    • Steel - Market size and forecast 2016-2021
      • Table Steel - Market size and forecast 2016-2021 (thousand metric tons)
      • Table Steel - Year-over-year growth 2017-2021 (%)
    • Chemicals - Market size and forecast 2016-2021
      • Table Chemicals- Market size and forecast 2016-2021 (thousand metric tons)
      • Table Chemicals - Year-over-year growth 2017-2021 (%)
    • Foundries - Market size and forecast 2016-2021
      • Table Foundries - Market size and forecast 2016-2021 (thousand metric tons)
      • Table Foundries - Year-over-year growth 2017-2021 (%)
    • Mo-metals - Market size and forecast 2016-2021
      • Table Mo-metals - Market size and forecast 2016-2021 (thousand metric tons)
      • Table Mo-metals - Year-over-year growth 2017-2021 (%)
    • Nickel alloys- Market size and forecast 2016- 2021
      • Table Nickel alloys - Market size and forecast 2016-2021 (thousand metric tons)
      • Table Nickel alloys - Year-over-year growth 2017-2021 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global Molybdenum Market- market size & forecast 2016-2021
    • Regional comparison
      • Table Regional comparison
    • APAC - market size and forecast
      • Table APAC - market size and forecast 2016-2021 (thousand metric tons)
      • Table APAC - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • EMEA - market size and forecast
      • Table EMEA - market size and forecast 2016-2021 (thousand metric tons)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • Americas - market size and forecast
      • Table Americas - market size and forecast 2016-2021 (thousand metric tons)
      • Table Americas - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing wind energy industry
    • Increasing demand for stainless-steel from Turkey
      • Table Investments in Turkish steel market
    • Impact of Brexit on the oil market
  • Vendor landscape
    • Other prominent vendors
  • Vendor analysis
    • Vendor overview
    • Centerra Gold
      • Table Centerra Gold: Business segmentation by revenue 2016
    • China Molybdenum
      • Table China Molybdenum: Business segmentation by revenue 2016
      • Table China Molybdenum: Geographical segmentation by revenue 2016
    • Codelco
      • Table Codelco: Business segmentation by revenue 2016
      • Table Codelco: Geographical segmentation by revenue 2016
    • Freeport-McMoRan
      • Table Freeport-McMoRan: Business segmentation by revenue 2016
      • Table Freeport-McMoRan: Geographical segmentation by revenue 2016
    • Grupo Mexico
      • Table Grupo Mexico: Business segmentation by revenue 2016
      • Table Grupo Mexico: Geographical segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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