Global molybdenum market segmentation by application and end-products
Technavio’s report on the global molybdenum market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by application, which includes oil and gas, automotive, heavy machinery, energy along with aerospace and defense. As projected in 2016, around 32% of the market share originated from oil and gas.
Based on end-products, the global molybdenum market has been segmented into steel, chemicals, foundries, mo-metals, and nickel alloys. As of 2016, 69% of the market share came from steel.
“The global molybdenum market by the steel segment is anticipated to experience high growth in terms of revenue during the forecast period. The growth in the steel market is attributed to the increase in demand for concrete in infrastructure, transportation, and other end-user industries around the world,” says Mohd Shakeel Iqbal, a lead analyst at Technavio for metals and minerals research.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Molybdenum market: competitive vendor landscape
The global molybdenum market is very concentrated. The major vendors of the molybdenum market compete on factors such as operation cost, price, economies of scale, product quality, and innovation. Centerra Gold, China Molybdenum, Codelco, Freeport-McMoRan, and Grupo Mexico are the leading players in the global molybdenum market. These vendors are better equipped to withstand changes in market conditions owing to their better technological, and financial resources.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Other topics covered in the report:
- High demand from APAC
- Demand from automotive and construction industries
- Volatility of steel prices
- Regulation on excess production capacity in steel industry
- Growing wind energy industry
- Increasing demand for stainless-steel from Turkey
Get a sample copy of the global molybdenum market report free of cost
Access Technavio’s continuously growing metals and minerals research library and find expert analysis on hundreds of markets.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.