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Global Molybdenum Market: Overview

Molybdenum is a chemical element which is valued as an alloying agent in stainless steel or structural steel due to its strength, ability to hold shape, corrosion resistance, and ability to operate at high temperatures. Molybdenum is a byproduct of copper mining. It is lightweight, silvery-white lustrous metal, with reminiscence of tin. It is reliable, durable, resilient, and has low degree of thermal expansion.  

Global Molybdenum Market: Drivers & Restraints

The global molybdenum market is driven by the increase in demand from large scale industries. The natural resources are depleting the manufacturers are finding the way for the new energy sources, which is required for the setting of the new renewable energy production plants. This, in turn, is driving the molybdenum market for the construction of production facilities. The demand for molybdenum is high from special chemicals and steel industries, the leading producers of the molybdenum are increasing their focus on the introducing new primary & byproduct operations. However, high price of molybdenum is a major restraint of the molybdenum market. Molybdenum is not suitable for continuous temperatures above 500 °C in an oxidized atmosphere unless it is protected by a coating. This is likely to hamper the global molybdenum market.

Global Molybdenum Market:  Applications

Molybdenum is used in various applications such as fully alloy, stainless steel, cast steel, and catalysis. It is also used as a raw material in end-use applications such as oil & gas, automotive, aerospace, defense, electronics, and medical. Molybdenum is extensively used in the oil & gas industry. It is also used in the construction industry, as molybdenum is required in steel in large amount. Molybdenum is also used in automotive, aerospace, defense, electronics, and medical industries.

Global Molybdenum Market: Key Segments

The molybdenum market can be segmented based on product types such as chemicals, steel, Mo-Metals, Foundries and others. In the steel and chemical sectors there is high demand for the molybdenum bearing. Mo-Metals are used as the additional material with the steel to increase its strength. 

Global Molybdenum Market: Regional Outlook

Based on region, the global molybdenum market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of revenue, Asia Pacific holds a prominent share of the market due to the use of molybdenum and its alloys in electronics and electrical devices in the region. Rapid industrialization and rise in the consumption of molybdenum in steel are expected to boost the molybdenum market in Asia Pacific. Increase in steel manufacturing in emerging economics such as China and India is expected to boost the molybdenum market in Asia Pacific. North America and Europe hold considerable share of the global molybdenum market. The market in these regions is expected to expand at a sluggish pace in the near future. Latin America and Middle East & Africa are projected to hold less share of the global molybdenum market.

Global Molybdenum Market: Key Players

Key players operating in the global molybdenum market include BHP Billiton Group, Jinduicheng Molybdenum Co., Ltd., American CuMo Mining, Compania Minera Dona Ines De Collahuasi S.C.M, S.A.B. de C.V, Grupo México, Thompson Cek Metals, Moly metal LLP, and ENF Ltd. 

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
  • Europe
  • 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.

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Molybdenum Market

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