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Global Molybdenum Market To Be Driven By The Rising Demand With Rising Demand From End-Use Industries In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Molybdenum Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026’, gives an in-depth analysis of the Global Molybdenum Market, assessing the market based on its segments like types, process types, distribution channels, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/molybdenum-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 4%

Molybdenum is used as a catalyst in the petroleum industry to remove sulfur from natural gas and refined petroleum products, propelling the market’s growth. Due to molybdenum’s extremely high melting point, it is used to make moly steel alloys used in various engines, thereby assisting the industry’s growth. Additionally, the use of molybdenum in stainless steel alloys used in tanker trucks and pharmaceutical and chemical mills contributes significantly to the market’s overall growth. Developing economies’ governments, such as India and China, are investing heavily in constructing roads, trains, power plants, and water systems increasing demand for energy production.

Industry Definition and Major Segments

Molybdenum is a silvery-white element that is highly ductile and corrosion-resistant. It is a transition metal recovered as a by-product of the mining of tungsten and copper. It is used to increase the hardness, electrical conductivity, resistance, and strength of alloys.

The market can be divided into the following segments on the basis of type:

  • Steel
  • Chemical
  • Foundry
  • MO-Metal
  • Nickel Alloy
  • Others

The market can be divided based on end-use into:

  • Oil and Gas
  • Chemical and Petrochemical
  • Automotive
  • Industrial Usage
  • Building and Construction
  • Aerospace and Defence
  • Others

The leading regional markets for Molybdenum are:

  • North America
  • Latin America
  • Middle East and Africa
  • Europe
  • Asia Pacific

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/molybdenum-market

Market Trends

The rising demand for stainless steel for the manufacture of stainless-steel service pipes, which can help address the global problem of water leakage, catalyzes the market’s growth. Additionally, favorable government regulations that permit the use of stainless steel in the food and beverage industry contribute to the market’s growth. The aviation industry’s rapid growth is increasing demand for superior aircraft powered by turbine engines capable of high performance and efficiency due to molybdenum’s superior thermomechanical and chemical properties and its ability to withstand extreme weather support, jet engines, and landing systems, further catalyzing the market growth.

Key Market Players

The major players in the market are Anglo American plc, Antofagasta plc, China Molybdenum Co., Ltd, Codelco, and Freeport-McMoRan Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research
Contact Person: Sofia Williams, Business Consultant
Email: [email protected]
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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