Molybdenum Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by End Product (Steel, Chemical, Foundry, MO-Metal, Nickel Alloy, and Other End Products), End-user Industry (Oil & Gas, Chemical & Petrochemical, Automotive, Industrial Usage, Building & Construction, Aerospace & Defense, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, and Rest of the World)

Market Snapshot

Molybdenum Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %
Molybdenum Market Major Players

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Market Overview

The global molybdenum market is estimated to witness a healthy growth, at an estimated CAGR of around 4%, over the forecast period. Increasing steel production in china and growing demand from the energy sector are expected to drive the market growth.

  • High cost of molybdenum is likely to hinder the markets growth.
  • Increasing demand for molybdenum-bearing in chemicals is likely to augment the market’s growth in the future.
  • Asia-Pacific holds the major share in the consumption of molybdenum. The region is also expected to witness the fastest growth during the forecast period, powered by the growth in various end user industries in the region.

Scope of the Report

The global molybdenum market report includes:

End Product
Nickel Alloy
Other End Products
End-user Industry
Oil and Gas
Chemical and Petrochemical
Industrial Usage
Building and Construction
Aerospace and Defense
Other End-user Industries
Production Analysis
United States
Other Countries
Consumption Analysis
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
Rest of the World
South America
Middle-East and Africa

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Key Market Trends

Increasing Demand from Aerospace & Defence Industry

  • Molybdenum is one of the essential materials for the aerospace and defense industry because of various properties, such as high-temperature stability, tensile strength, density, radiation protection, and their excellent material machinability.
  • In the aerospace industry, molybdenum is used to reduce the vibration and to improve the pilot and passenger comfort, as the material has high strength and less weight. It is also used for the stabilization of control surfaces for ailerons, elevators, and rudder sections of aircraft, helicopter rotor blades, and cockpit instrumentation.
  • The commercial airline sector is expected to continue its decade-long trend of above-average growth rates. This market has been growing globally, particularly at a higher rate in the emerging economies, owing to increasing purchasing power.
  • In the defense industry, it is used for the manufacturing of premier warheads, nozzles, and shaped charge liners. There has been an increase in defense budgets with the resurgence of global security threats for the United States, as well as the other countries like Russia, France, China, and several other countries.
  • Overall, a steady growth rate in the aerospace and defense industry and increase in molybdenum applications in the segment are expected to provide huge opportunity to the molybdenum market for it to grow.
Molybdenum Market Trends

China to Dominate the Market in Asia-Pacific Region

  • Asia-Pacific is expected to have the largest market globally for molybdenum during the forecast period. The rapid industrialization and rising consumption are expected to boost the market.
  • China is the largest producer of molybdenum in the world. Major producers of molybdenum in the country are China Molybdenum Co., Ltd., Rio Tinto, and Jjinduicheng molybdenum group co., ltd., among others.
  • Some of the resource locations for molybdenum are in Henan, operated by China Molybdenum Company Limited, Shaanxi, operated by Jinduicheng Molybdenum Group Co. Ltd, and Liaoning, operated by Yangjiazhangzi Molybdenum Mine.
  • The country consumes around 8.6 kg molybdenum per 100 metric tons of steel in comparison to the global average of 14.3 kg molybdenum per 100 metric tons of steel. In order to reach the global average, it would be needing an additional 100.6 million pounds of molybdenum per year.
  • The central government-led steel production capacity cutbacks are predominantly targeting steel mills producing crude and sub-standard steel products. The government is targeting to towards green and efficient capacity which produces specialty steel.
  • With the increasing demand for molybdenum from various end-user industries, the production is expected to increase further during the forecast period.
Molybdenum Market Growth

Competitive Landscape

The global molybdenum market is a consolidated market, with the top players accounting for a major chunk of the market. Key players in the molybdenum market include Anglo American, Antofagasta plc, China Molybdenum Co. Ltd, Grupo México, and Rio Tinto, among others.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Steel Production in China

      2. 4.1.2 Growing Demand from the Energy Sector

      3. 4.1.3 Increasing Demand for Molybdenum-bearing in Chemicals

    2. 4.2 Restraints

      1. 4.2.1 High Cost of Molybdenum

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Import and Export Trends

    6. 4.6 Price Trends


    1. 5.1 End Product

      1. 5.1.1 Steel

      2. 5.1.2 Chemical

      3. 5.1.3 Foundry

      4. 5.1.4 MO-Metal

      5. 5.1.5 Nickel Alloy

      6. 5.1.6 Other End Products

    2. 5.2 End-user Industry

      1. 5.2.1 Oil and Gas

      2. 5.2.2 Chemical and Petrochemical

      3. 5.2.3 Automotive

      4. 5.2.4 Industrial Usage

      5. 5.2.5 Building and Construction

      6. 5.2.6 Aerospace and Defense

      7. 5.2.7 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Production Analysis

        1. China

        2. United States

        3. Chile

        4. Peru

        5. Mexico

        6. Armenia

        7. Other Countries

      2. 5.3.2 Consumption Analysis

        1. Asia-Pacific

          1. China

          2. India

          3. Japan

          4. South Korea

          5. Rest of Asia-Pacific

        2. North America

          1. United States

          2. Canada

          3. Mexico

        3. Europe

          1. Germany

          2. United Kingdom

          3. Italy

          4. France

          5. Russia

          6. Rest of Europe

        4. Rest of the World

          1. South America

          2. Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Anglo American

      2. 6.4.2 Antofagasta plc

      3. 6.4.3 China Molybdenum Co. Ltd

      4. 6.4.4 Codelco

      5. 6.4.5 Freeport-McMoRan

      6. 6.4.6 Grupo Mexico

      7. 6.4.7 Jinduicheng molybdenum group Co. Ltd

      8. 6.4.8 MOLTUN

      9. 6.4.9 Rio Tinto

      10. 6.4.10 Thompson Creek Metals Company Inc.

    5. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The Molybdenum Market market is studied from 2016 - 2026.

The Molybdenum Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Anglo American, Antofagasta plc, Grupo México, Rio Tinto are the major companies operating in Molybdenum Market.

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