DUBLIN--(BUSINESS WIRE)--The "Global Molybdenum Market - Segmented by End Products, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global molybdenum market is expected to witness a CAGR of 3.5% during the forecast period of 2018 - 2023.
The growing demand for molybdenum bearings in the steel and chemical sectors is alleviating its prices. This is expected to benefit the molybdenum market to a great extent. Additionally, the increase in industrial activities, accompanied by the infrastructural expansion in countries, like China, India, and Indonesia, are expected to witness a growth in demand for steel, which is likely to drive the market for molybdenum during the forecast period.
Molybdenum is heavily required in steel for the building and construction sector, and the growth of the construction market in Asia-Pacific is likely to boost the demand for molybdenum. The growing steel consumption in end-user industries including the automotive and transportation sector is expected to account for a huge share in the market. With the growing demand for lightweight and electronic vehicles globally, there has been a huge increase in the total automotive production. These levels are expected to rise further, boosting the demand for steel.
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. Additionally, steel manufacturing in emerging economies, such as China and India, is expected to further augment the growth of the molybdenum market during the forecast period.
- Anglo American PLC
- Antofagasta PLC
- China Molybdenum Co. Ltd.
- Grupo Mxico
- Rio Tinto
- Thompson Creek Metals Company Inc.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
9. Future of the Market
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