The Molybdenum Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Molybdenum Market?
The molybdenum market has seen consistent growth recently with an increase from $4.87 billion in 2024 to $5.11 billion in 2025, with a compound annual growth rate (CAGR) of 4.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Molybdenum Industry?
The global molybdenum market is projected to reach a value of $6.14 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.7%.
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What are the Key Growth Drivers Fueling the Molybdenum Market?
The key drivers in the molybdenum market are:
• Increased construction and infrastructure projects
• Growth in automotive production
• Increased recycling of molybdenum-containing products
• Growing adoption of molybdenum in medical equipment
Global Market Segmentation: Identifying Major Molybdenum Industry Segments
The molybdenummarket covered in this report is segmented –
1) By Product Type: Steel, Chemicals, Foundries, Mo-Metals, Nickel Alloy, Other Product Types
2) By Application: Full Alloy, Stainless-Steel, Cast Iron, Catalysis
3) By End-User Industry: Oil And Gas, Chemicals And Petrochemicals, Automotive, Mechanical Engineering, Industrial Usage, Power Generation, Aerospace And Defense, Electronics And Medical, Process Industry, Other End User Industries
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What are the emerging Trends Shaping the Future of the Molybdenum Market?
The key trends in the molybdenum market are:
• The innovations in mining and processing technologies are emerging trends in the market.
• Growing emphasis on sustainability and recycling significantly influences the market.
• Larger investment in research and development is a steady upward trend.
• Changes in regional demand patterns depict the emerging trends in the market.
Who Are the Top Competitors & Leading Players in the Molybdenum Market?
Major companies in the molybdenum market are:
• BHP Group Limited
• Rio Tinto Group
• Anglo American plc
• Freeport-McMoRan Inc.
• Teck Resources Limited
• Codelco
• Grupo México
• CMOC Group Limited
• Southern Copper Corporation
• Sumitomo Metal Mining Co. Ltd.
• KGHM Polska Miedz S.A.
• Antofagasta PLC
• China Daye Non-Ferrous Metals Mining Limited
• Lundin Mining Corporation
• Ivanhoe Mines Ltd.
• Hudbay Minerals Inc.
• Jinduicheng Molybdenum Co. Ltd.
• Zangezur Copper Molybdenum Combine CJSC
• Centerra Gold Inc.
• Taseko Mines Limited
• Copper Mountain Mining Corporation
• Sierra Metals Inc.
• Imperial Metals Corporation
• Amerigo Resources Ltd.
• Thompson Creek Metals Company Inc.
• Avanti Kitsault Mine Ltd.
• Erdene Resource Development Corp.
• General Moly Inc.
• Highland Copper Company Inc.
Regional Dominance: Which Area Leads the Global Molybdenum Market?
Asia-Pacific was the largest region in the molybdenum market in 2024
