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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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
