Molybdenum Market – Size, Share, Outlook,
and Opportunity Analysis, 2018 – 2025
The research report on Molybdenum Market is segmented by
Application, by End-use Industry and by Regions – Size, Share,
Outlook, and Opportunity Analysis, 2018 – 2025
Molybdenum is a silver-grey colored metal that is hard, malleable, and ductile in nature with
excellent strength at high temperature, high melting point, and high thermal conductivity. It is
highly resistant to heat, which makes it useful in the production of alloys of iron and steel.
Molybdenum is extracted from molybdenite and the major molybdenite deposits are in the U.S.,
China, Canada, and Chile. According to the U.S. Geological Survey (USGS), China, Chile, the
U.S., Peru, Mexico, and Armenia accounted approximately 95% of total global molybdenum
production in descending order.
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Market Dynamics
Molybdenum is used in stainless steel, commonly in the range of 2 to 4%, which helps in
improving the resistance to pitting in chloride environments and to fissure in Fe-Cr-Ni alloys
and Fe-Cr alloys. This is one of the major factors driving growth of the molybdenum market.
Furthermore, increasing demand for various steel such as stainless steel, structural steels, and