Molybdenum Market

Molybdenum Market: APEJ to Remain Largest & Fastest Expanding Market for Molybdenum: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2026)

  • 2017-11-28
  • REP-GB-5643
  • 170 pages
  • PDF PPT EXCEL
Molybdenum Market

An Incisive, In-depth Analysis on the Molybdenum Market

This study offers a comprehensive, 360 degree analysis on the Molybdenum market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Molybdenum market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Global Molybdenum Market to Register a CAGR of 3.8% in Terms of Volume during 2017 – 2026; APEJ and Europe Estimated to Dominate the Global Molybdenum Market over the Forecast Period

Future Market Insights delivers the key insights on the global molybdenum market in its latest report titled ‘Molybdenum Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2026’ The long-term outlook on the demand for molybdenum remains positive, with the market in terms of volume expected to increase at a CAGR of 3.8% during the forecast period (2017 – 2026).

Molybdenum is used in various sectors such as in industrial, aerospace, consumer, medical, energy, agricultural and transportation sectors. Molybdenum is a silvery-white hard metal and possesses the sixth highest melting point of any metal and is commonly used in creating high strength alloys and super alloys. When molybdenum is added to steel and cast iron, it brings many desirable properties to them such as improved hardness, strength and weld ability. It also elevates the temperature strength of steel and makes it corrosion resistant. When molybdenum is added to nickel-based alloys, it brings high-temperature deformation and gives a high resistance to corrosion.

The APEJ market is expected to dominate the global molybdenum market in terms of volume in 2017, and the trend is projected to be followed throughout the forecast period. The APEJ molybdenum market is the most attractive market, growing at a CAGR of 4.1% over the forecast period. The Oil and Gas is one of the large end-use industries in the market, which represents 55,678.1 Mn lb of the market, or 20.9% in 2017, and 80,061.9 Mn lb in 2026, or 21.5%, and a CAGR of 4.1%. It is growing at 4,876.8 Mn lb annually over the course of the forecast period, and this absolute growth is larger than the any other segment

As the demand for molybdenum bearings in the steel and chemicals sector is high, the prices of molybdenum are increasing, which is likely to benefit the market. As the energy sector in North America is expanding, the demand for molybdenum is expected to further increase and put this element in a strong position. Moreover, acceleration in the industrial activities, and an expansion in infrastructure growth in countries such as China is likely to generate more demand for steel, and this is likely to give a boost to the molybdenum market. However, the drop in demand from the Chinese oil and gas sector, has led to a fall in exploration and production activities where molybdenum steel bearings are widely used, which is likely to affect the molybdenum market in an adverse manner.

Molybdenum is Used in the Chemical Industry as a Catalyst

Molybdenum is also used in the field of chemicals. For instance, it is used in the production of refined petroleum products and as a catalyst. Molybdenum helps to remove sulfur from natural gas. This process is known as hydrodesulphurization, in which heat and pressure is applied along with catalysts such as cobalt, alumina and molybdenum. In some of the instances in this process, in order to treat difficult feedstock, molybdenum and nickel are used in the place of cobalt. Such low-sulfur containing fuels are clean and produce less emissions. Countries such as the U.S. and Canada have mandated the use of ultra-low sulfur diesel fuel in road vehicles. Molybdenum is also used as a catalyst in the production of polymers and plastics.

Molybdenum is also Used as a Lubricant, as a Pigment and in Fertilizers

Molybdenum is used as a lubricant in bullets, bicycle coaster brakes, two-stroke engines and many more. Molybdenum when mixed with sulfur gives molybdenum disulfide, which is used in lubrication purposes and used as greases for roller and ball bearings in industries such as transportation, manufacturing, mining etc. Molybdenum disulfide is geothermal in origin and hence can withstand pressure and heat. It also protects engines against wear and tear, corrosion and oxidation. Other application of Molybdenum includes pigments and as fertilizers. Production of paints and dyes also uses Molybdenum as a raw material. For instance, zinc molybdate is used as a paint primers to protect the paint against corrosion and in order to stabilize the color. Lead chromate, lead, lead, lead sulfate and molybdate are used to make Molybdenum oranges. This chemical combination produces a paint which do not fades in light and weathering over time.

In 2015, Molybdenum was One of the Worst-performing Commodities

In the year 2015, molybdenum was a worst-performing commodity, falling 49 percent during the year. The future outlook for molybdenum isn’t positive, since it has been over produced. Coupled with this, the demand in China is continuing to slip, and there has not been enough supply adjustment. Most of the molybdenum is used for the production of steel, which is largely governed by the industrial activities in China. China is the largest producer of molybdenum. Since the past few years, several molybdenum mines have been closed in North America, which along with China, has more than two-thirds of the production of molybdenum. Freeport-McMoRan, which was the largest producer of molybdenum in the year 2015, has cut back production by 19 percent. Chinese producers have also scaled back molybdenum production in 2016. This may help molybdenum prices to recover.

molybdenum market

Molybdenum Reserves Need to be Conserved

The ores that can be extracted of scare minerals such as antimony, molybdenum and zinc may get exhausted within several decades to a century, if they are extracted at the same rate. Hence, if the conservation of such scarce minerals is left to market forces, it is not certain that such scarce minerals will be timely and sufficiently conserved for our future generations. Hence, it is recommended by several scholars to prepare international policy measures so that price of such scarce mineral resources is increased, in order to ensure that substation and recycling processes start and such scarce minerals can be conserved.

Segmentation Analysis

The molybdenum market is segmented on the basis of application and end users. On the basis of application type, the full alloy molybdenum market segment is projected to witness robust growth in terms of volume over the forecast period. The chemicals and petrochemicals segment in the molybdenum market is projected to create total opportunity of 19,578 Mn lb between 2017 and 2026. This segment is expected to account for a 15.3% share in the global market volume. Oil and Gas molybdenum segment is expected to expand at 4.1% CAGR over the forecast period and to be valued at 80,061.9 Mn lb. by 2026 end. The largest share is contributed by APEJ region in oil and gas market. This is expected to represent 28,964.2 Mn lb., or 50% of the market in 2018, to reach 41,138.0 Mn lb. in 2026, or 51.4%, representing a CAGR across forecast period of 4.5%.

Asia Pacific Excluding Japan is Expected to Remain the Dominant Regional Market over the Forecast Period

On the basis of geography, the global Molybdenum market is segmented into North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East & Africa, and Japan. Europe just produced four metric tons of molybdenum in the year 2012 and the figure stood at eight tons in the year 2013, and all the production was carried out in Norway. The consumption of molybdenum stood at 63.5 kt in the year 2013. However, Europe is the world’s second biggest consumer of molybdenum, with an average consumption of 63,500 tons, representing 25% of the yearly production of molybdenum in the world. It is perceived that as Europe has good trade relationships with the molybdenum producing countries, and possesses a strong industrial base and due to its relatively low cost and high abundance, the demand and supply balance of molybdenum should not be of high concern for Europe at least for the medium term. FMI forecasts the China molybdenum market to grow from 83,186.6 Mn lb in 2017 to 119,895.6 Mn lb in 2026. This represents a compound annual growth rate (CAGR) of 4.1% from 2017 to 2026. Volume from India molybdenum market is anticipated to increase at a CAGR of 4.8% over 2017-2026, to reach 17,115.4 Mn lb by 2026. By the end of 2026, Thailand molybdenum market is projected to reach 6,271.1 Mn lb, expanding at a CAGR of 5.1% over the forecast period.

Leading Market Players Dominating the Global Molybdenum Market

Manufacturers are focused on production and supply of molybdenum for the consumer base to retain the market share. Key players are increasing penetration in the market by increasing their global presence. New entrants need to comprehensively study Molybdenum market in order to penetrate and sustain in price sensitive market. Many industries such as Oil & Gas, Infrastructure, Energy production, and Automotive etc. are focusing towards Steel Moly alloy products for the consumers help in prevailing the growth of the market and creating new opportunities for new entrants. Companies profiled in the Molybdenum market report include Freeport-McMoRan Inc., China Molybdenum Co., Ltd., Compania Minera Dona Ines De Collahuasi S.C.M., Antofagasta plc, Jinduicheng Molybdenum Co., Ltd., Grupo México, Compañía Minera Antamina S.A., Thompson Creek Metals Company Inc., S.A.B. de C.V., BHP Billiton Group and American CuMo Mining Corporation.

Additional Questions Answered

  • key concerns related to regulatory standards for Molybdenum market

  • What trends are impacting the sales of Molybdenum and how can Molybdenum manufacturers leverage them?

  • Which is the most lucrative regional market with respect to the Molybdenum adoption and demand?

  • Why are the sales of Molybdenum highest in North America?

  • Why is APEJ attracting most of the leading Molybdenum manufacturers?

  • How logistics and supply chain management is critical element (as it requires compliance from source to customer) in Molybdenum volume chain?

  • Which end-user base to target in Molybdenum market?

Future Market Insights in its report titled “Molybdenum Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2026)” offers detailed insights and in-depth research on the global molybdenum market over a 10-year forecast period 2017 – 2026. The report covers the important factors driving the growth of the global molybdenum market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the global molybdenum market and other insights across various key segments.

The report identifies the drivers and restraints affecting the growth of the global molybdenum market. Changing trends are also analysed and incorporated in the report to equip the client with exhaustive information about the market resulting in better decision making. Macroeconomic factors that directly and indirectly affect the growth of the global molybdenum market are also incorporated in the report.

The report provides detailed market share analysis of the global molybdenum on the basis of key manufacturers. A section of the report highlights country-wise global molybdenum. It provides a market outlook for 2017–2026 and sets the forecast within the context of the report. The report sheds light on key developments and activities executed by the prominent service providers operating in the A global molybdenum market.

Key Segments Covered in the Report

To understand and assess opportunities in the global molybdenum market, the report has been divided into five sections based on market segmentation as under:

Region

End Use industry

Application

North America

Oil and Gas

Full Alloy

Latin America

Chemicals and Petrochemicals

Stainless Steel

Europe

Automotive

HSLA

Japan

Mechanical Engineering

Tools

APEJ

Building and Construction

Carbon

MEA

Power Generation

Cast Iron

 

Aerospace and Defence

Catalysts

 

Electronics and Medical

MO Metal Alloy

 

Process Industry

Super alloy

 

Other Industries

Other Applications

The market volume for all segments is taken in Mn lb for all the segments.

On the basis of end use industry type, Chemicals and Petrochemicals molybdenum segment is anticipated to witness robust growth in terms of volume over the forecast period. Oil and Gas molybdenum segment is expected to expand at 4.1% CAGR over the forecast period. The largest share is contributed by APEJ region in oil and gas market. This is expected to represent 28,964.2 Mn lb, or 50% of the market in 2018, representing a CAGR across forecast period of 4.5%.

On the basis of application type, the full alloy molybdenum segment is anticipated to dominate the market in terms of volume. This segment accounted for 22.2% volume share in 2016

Molybdenum Market: Report Structure

The report starts with the market overview and provides market definition and analysis about drivers, restraints, opportunities, supply chain analysis and key trends in the global molybdenum market. The next section includes global market analysis, analysis by application, end use and regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the market and cover present scenario and future prospects.

A section of the report highlights country-wise molybdenum demand. It provides a market outlook for 2017–2026 and sets the forecast within the context of the global molybdenum market, including the new technological developments as well as product offerings for niche applications in the global molybdenum market.

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. The report provides details market share analysis of the molybdenum market on the basis of key manufacturers. Detailed profiles of manufacturers are also included within the scope of the report to evaluate strategies, key offerings and recent developments in the global molybdenum market.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the same on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities for market players.

Another key feature of this global coil coating market report is the analysis of all key segments in terms of absolute dollar. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as in identifying potential resources from a sales and delivery perspective in the global coil coating.

Our Research Methodology

Market volume is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analysed and average market volume is deduced and reconfirmed prior to incorporating in the report. The price of molybdenum is deduced on the basis of material type, where the average price of each material type application is inferred across all the seven assessed regions.

For the 10-year forecast of the global molybdenum market, various macroeconomic factors and changing trends have been observed, giving an idea about future of the market. Other important factors considered to arrive at market forecast are the size of the current market, inputs from the demand side and the supply side and other dynamics shaping the scenario of the market.

In the compilation of the report, the forecast is conducted in terms of CAGR, while other important criteria i.e. year-on-year growth have also been incorporated presenting the client with crystal clear insights and future opportunities as far as the global molybdenum market is concerned.

Leading Market Players Dominating the Global Molybdenum Market

This report offers an all-inclusive assessment of the global molybdenum market. In this report, the reader will come across information pertaining to leading market player along with their financials, market shares and key developments. Such information will allow stakeholders to slate important growth strategies with a view of staying ahead of the curve and overcoming difficulties arising in the market. Companies profiled in the report include Freeport-McMoRan Inc., China molybdenum Co., Ltd., Compania Minera Dona Ines De Collahuasi S.C.M., Antofagasta plc, Jinduicheng molybdenum Co., Ltd., Grupo México, Compañía Minera Antamina S.A., Thompson Creek Metals Company Inc., S.A.B. de C.V., BHP Billiton Group and American CuMo Mining Corporation.

Molybdenum Market Reports - Table of Contents

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