Global Molybdenum Market Booming at a CAGR of 3.3% to Estimated 0 Billion Gro
Posted by Onkar Nimbalkar on September 17th, 2019
Molybdenum compounds have low solubility in water, but when molybdenum-bearing minerals contact oxygen and water, the resulting molybdate ion MoO2− molybdenum compounds are used in high-pressure and high-temperature applications as pigments and catalysts. There is a growing demand for Molybdenum in oil and gas industry, which is expected to be one of the major drivers of the market over the next few years.
Analysis of Global Molybdenum Market report:
The Global Molybdenum Market accounted for USD 350,000 million by end of 2025 and is projected to grow at a CAGR of 3.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015, 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Drivers:
· Increasing Focus on Renewable Energy Production
· APAC region excluding japan to Remain Largest and Fastest Growing Market for Molybdenum.
· Oil & Gas Industry will be largest consumer of Molybdenum
· Oversupply for weaker demand has resulted into reduced capital spending
Leading Key players profiled in this report are:
Some of the major players in Global Molybdenum Market market include induicheng Molybdenum Co., Ltd., BHP Billiton Group, Compania Minera Dona Ines De Collahuasi S.C.M., Compañía Minera Antamina S.A., Thompson Creek Metals Company Inc., Antofagasta plc, China Molybdenum Co., Ltd., American CuMo Mining Corporation, Grupo México, S.A.B. de C.V., and Freeport-McMoRan Inc. Shaanxi Non-ferrous Metals Holding Group Co., Ltd., Antofagasta plc. Moly metal L.L.P, ENF Ltd. many more.
Global Molybdenum Market Segmentation:
· The Molybdenum Market is segmented on the basis of end product type into Steel, Chemicals, Foundries, Mo-Metals, Nickel Alloy, Others
· On the basis of application the molybdenum market is segmented into Oil & Gas, Automotive, Heavy Machinery, Energy, Aerospace & Defense, Others.
· On the basis of geography, the carbon black market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
The Global Molybdenum Market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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The Global Molybdenum Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Molybdenum Market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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About the AuthorOnkar Nimbalkar
Joined: September 17th, 2019
Articles Posted: 64
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