A new report has been recently published by Report and Data, titled Global Molybdenum Market Forecast to 2027. A detailed overview of the market with current information about market growth, product types, revenue share, market size and top companies is provided in the report. It also offers an extensive historical analysis for all market segments and sub-segments. The data is derived form authentic sources, verified by industry experts. The prime objective of this report is to help user understand market insights such as definition, market potential, drivers, restraints, market elements and challenges. The report also employs various analytical tools such as pricing analysis, SWOT analysis and Porter’s five forces analysis to give accurate insights of the market.
Molybdenum, a silvery white metal with a grey cast is 54th most abundant element in the Earth`s crust as well as 25th most abundant element in the oceans. Apart from being used extensively in the oil & gas industry as well as in the construction industry, the metal is also used in other sectors like automotive, aerospace, medical industries, electronics and defense. Molybdenum has high melting point, low thermal expansion coefficient as well as very high shape stability. It also has very large electric resistance which is why it is used as a heater for high temperature furnaces and as electrodes.
Global Molybdenum market size is expected to increase over the forecasted period. The report includes analysis of the market size, share, prices as well as the demand of the product along with the trends witnessed and the growth projections for the forecasted period. China happens to be the biggest market.
Major driver for the growth in the demand of Molybdenum market is the growth in the heavy industries. Automotive industry which is witnessing change in the form of electrification of vehicles will be the main driving force for the increase in the demand of steel consumption in which molybdenum is used, therefore leading to increase in the demand for Molybdenum over the forecasted period.
High price of Molybdenum which is continually increasing over the years is a major restraint for the growth of the Molybdenum market.
High production of Molybdenum in China in 2017 due to the increase in the demand led to the rise in the global primary output in 2017.
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The report provides a detailed information about current competitive landscape, emphasizing on the activities undertaken by key players in the market. The key players listed in the report are focusing on various commercial activities and strategies such as mergers and acquisitions, collaborations, product launches to move closer to their desired market position during the forecast period. Some of the major key companies operating in the global Molybdenum Market Report include
- BHP Billiton Group
- Jinduicheng Molybdenum Co.
- American CuMo Mining
- Thompson Creek metals
- Moly Metal LLP
- ENF Ltd.
- Compania Minera Dona Ines De Collahuasi S.C.M.
- Freeport McMoran
Furthermore, the report offers insights of the market segments based on product type, applications, end users, and geographical regions.
Molybdenum Market segmentation by Application:
- Steel
- Chemicals
- Foundries
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Regional Outlook of Molybdenum Market:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- What market segment is expected to register the highest growth in the forecast period?
- What are the risks and threats that are projected to influence the market growth?
- Which region is expected to dominate the market in the coming years?
- Who are the prominent players of the industry? What strategic business plans have they undertaken?
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