As per MarkNtel Advisors 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 Systems Market Outlook:

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Global Molybdenum (Mo) Market Systems Market Segmentation:

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.

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Global Molybdenum 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.

Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
• In-depth pricing trends and segment-wise cost evaluations
• Key industry strategies, including innovation, partnerships, and acquisitions
• Critical value chain analysis and stakeholder profiling
• Regional import-export market insights and trade flow assessment
• Thorough competitive benchmarking of top hearing aid manufacturers
• Identification of new growth opportunities and niche market segments
• Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Global Molybdenum (Mo) Market are:

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.

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

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