Molybdate is an odorless compound containing molybdenum and oxygen ions. Ammonium molybdate is an organic compound, which is manufactured by reacting molybdenum trioxide in the presence of excess ammonia. The compound is available in different physical forms: solid powder, liquid, crystals, and chunks.
The global ammonium molybdate market can be segmented based on product type, application, end- use industry, and region. In terms of product type, the ammonium molybdate market can be segmented into ammonium orthomolybdate, ammonium molybdate tetrahydrate, ammonium octamolybdate, and others. Ammonium molybdate tetrahydrate is also known as ammonium heptamolybdate. It is manufactured by liberating ammonium upon heating ammonium orthomolybdate. In terms of application, the market can be divided into analytical reagent, fertilizers & micronutrient, catalyst, metals & ceramic, electroplating, corrosion inhibitor, pigment, and others. Ammonium molybdate is used in end-use industries such as chemical manufacturing, molybdate products, life science, research & laboratories, and others.
As analytical reagent, ammonium molybdate is used to measure levels of phosphates, arsenates, silicates, and lead in aqueous mediums such as river and seawater. Ammonium molybdate tetrahydrate is employed as a cryo-negative stain in cryo-preservation and biological electron microscopy. The compound is utilized in saturated concentration to visualize particles in cryo-preservation. Ammonium molybdate, in the form of molybdate salt, is employed in some fertilizers for growth of crops. The salts (molybdenum) are essential for functioning of enzymes required for nitrogen fixation. By mouth ingestion or in the form of injection, ammonium molybdate is used as a supplement in the diet. As a catalyst, ammonium molybdate is employed in desulfurization reactions in petroleum refining. The compound is also used as a catalyst in production of polymers and other commercial chemical processes. Ammonium molybdate is also applied as an intermediate in some industries. Due to bright color of molybdate, the compound is employed in paints, inks, and as an indicator & reagent in different colorimetric chemical experiments. Ammonium molybdate is employed as an analgesic in the medical industry. It is employed as a source of molybdate ion for the production of molybdenum metals and ceramics. Ammonium molybdate is manufactured in different grades such as reagent & technical grade, laboratory grade, food & pharmaceutical grade, and industrial grade. These grades are utilized in different industries. Based on region, the ammonium molybdate market can be divided into Asia Pacific, Europe, Middle East & Africa, North America, and Latin America.
Advancements in technology and growth in the chemical industry are factors driving the ammonium molybdate market. The ammonium molybdate tetrahydrate segment is anticipated to hold major share of the ammonium molybdate market during the forecast period due to its widespread applications in different end-user industries. Demand for ammonium molybdate is expected to be higher in the chemical manufacturing segment in the next few years. Increasing cost of raw materials and toxicity of ammonium molybdate are estimated to restrain the ammonium molybdate market. The compound is harmful for eyes, skin, kidneys, blood, and respiratory tract if swallowed or inhaled. Asia Pacific is estimated dominate the market in the near future. Industrial and economic growth in the region, and increase manufacturing capacities are boosting the ammonium molybdate market in Asia Pacific, particularly in China, Japan, and India. The ammonium molybdate market is anticipated to expand at a rapid pace in North America.
Major players operating in the global ammonium molybdate market include H. C. Starck GmbH, Cobase Enterprises Inc., China Molybdenum Co. Ltd., and Molymet.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.