Molybdenum Market Analysis 2030: Size, Share & Growth Trends

Global Molybdenum (Mo) Market Research Report: Forecast (2025-2030)

Molybdenum Market Size - By Application (Electric Conductivity, Imaging, Metal Alloys, Catalyst, Others), By End-User (Oil & Gas, Chemical & Petrochemical, Electronics, Iron & Steel, Energy & Power, O... ... l, Energy & Power, Others (Aerospace & Defense, etc.)), and Others Read more

Chemicals
Feb 2025
Pages 181
Report Format: PDF, Excel, PPT

Market Definition

Molybdenum or Mo is a chemical element with a silvery-white appearance. Mo is a lightweight element with the atomic number 42, with properties such as a high melting & boiling point, low coefficient of thermal expansion, and corrosion resistance. These properties enable its extensive use in steel, energy & power, electronics, chemical & petroleum, and oil & gas industries. The element is usually found in nature in its oxidized form instead of elemental.

Market Insights & Analysis: Global Molybdenum Market (2025-30):

The Global Molybdenum (Mo) Market size was valued at around USD 5.32 billion in 2023 & is anticipated to reach around USD 6.70 billion by 2030. The market is also estimated to grow at a CAGR of around 3.92% during the forecast period, i.e., 2025-30. The Global Molybdenum Market has seen a rise in the production volume of the element rising from 575.4 million pounds (mlbs) to 627.4 mlbs. Asia-Pacific holds the biggest pie in terms of production volume with China dominating the market. China has significantly increased its Molybdenum production output since 2019 from 205.6 mlbs to 281.8 mlbs in 2023. The second largest region of Molybdenum production is South America. Since 2019, the South American region has observed a decline of 10% in the elements production. While at the same time, element production in the rest of the world fell by 3%. The primary reason for this decline is attributed to rising environmental regulations and falling ore grades.

Since 2019, the global molybdenum consumption has increased from 576.3 mlbs to 630 mlbs in 2023. The Asia-Pacific region stands as the biggest user of the element, with China holding the biggest pie. During the same period, Chinese consumption of Mo has seen a rise of 26% from 220.9 mlbs to 278.5 mlbs in 2023. Europe, the second largest user of the element, has shown a fall of 8%, with the rest of the world showing a rise of 3%.

Report Coverage	Details
Historical Years	2020–23
Forecast Years	2025–30
Market Value in 2023	USD 5.32 Billion
Market Value by 2030	USD 6.70 Billion
CAGR (2025–30)	3.92%
Leading Region	Asia-Pacific
Top Key Players	Multi Metal Development Limited, Anglo American, BHP (Peru Antamina), Antofagasta PLC, Centerra Gold Inc., CMOC Group, Codelco, Freeport-McMoRan (Climax Molybdenum), Grupo Mexico, Plansee, Rio Tinto, Zijin Mining Group Co., Ltd., ABSCO Limited, KGHM, and Others.
Segmentation	By Application (Electric Conductivity, Imaging, Metal Alloys, Catalyst, Others), By End-User (Oil & Gas, Chemical & Petrochemical, Electronic...s, Iron & Steel, Energy & Power, Others (Aerospace & Defense, etc.)), and Others
Key Report Highlights	Market Dimensions & Projections Pricing Evaluation Recent Strategic Moves by Companies Primary Stakeholders Import/Export Trend Analysis Competitive Landscape Assessment Emerging Opportunities Market Trends and Indicators

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The consumption of molybdenum is mainly due to its extensive usage in iron & metal primarily in alloy manufacturing of various attributes. According to the International Molybdenum Association (IMOA), in 2024 more than 50% of the global usage of the element comes from the iron & steel industry only, with engineering steels, stainless steel, and tool steel accounting considerable share of total global molybdenum consumption. This highlights that on the consumption front, steel products have led the Global Molybdenum Market. In 2023 the global steel production stood at 1,888.2 million metric tons according to the World Steel Association. China holds the largest market share of 53.9% in steel production. The fall in interest rates and the economic recovery that follows it give a positive outlook for the steel demand in the coming years. According to the World Steel Association's short-term outlook, the global steel demand will rise to 1,646.7 million metric tons in 2025 and is estimated to grow to 1,837.2 million metric tons by 2030.

Global Molybdenum Market Driver:

Increasing Global Steel Production – The rise in steel production is the primary driver for molybdenum usage in the Global Molybdenum Market, it is to the point that 71% of the molybdenum was consumed in the production of various steel grades, amounting to 447.3 million pounds (184,058.4 metric tons) in 2023. The steel production will pick up its pace with the rise in demand. According to the World Steel Association, the short-term forecast for steel demand accounts for an increase of 2.96% from 1,599.4 million metric tons in 2023 to 1,646.7 million metric tons in 2025. Also, as the inflationary pressure on the global economy wanes due to high interest rates by the central banks over a prolonged period, any interest rate cut can lead to economic recovery boosting the steel demand. For instance,

In June 2024, the European Central Bank lowered its interest rate by 25 basis points. The expectation for this resulted in a slight increase in production from April on a YoY basis. However, with the announcement, a significant rise in steel production of 5.1% on a YoY basis for June was observed in the European Union, this continued with the increase of 5.7% for July month yearly.

Market Segmentation
Introduction
1. Market Definition
2. Research Process
3. Assumption
Executive Summary
Global Molybdenum Market Trends & Insights
Global Molybdenum Market Dynamics
1. Growth Drivers
2. Challenges
Global Molybdenum Market Hotspot & Opportunities
Global Molybdenum Market Supply Chain Analysis
Global Molybdenum Market Regulation & Policy
Global Molybdenum Market Outlook, 2020- 2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Application
    1. Electric Conductivity- Market Size & Forecast 2020-2030, Thousand Tons
    2. Imaging- Market Size & Forecast 2020-2030, Thousand Tons
    3. Metal Alloys- Market Size & Forecast 2020-2030, Thousand Tons
    4. Catalyst- Market Size & Forecast 2020-2030, Thousand Tons
    5. Others- Market Size & Forecast 2020-2030, Thousand Tons
  2. By End-User
    1. Oil & Gas- Market Size & Forecast 2020-2030, Thousand Tons
    2. Chemical & Petrochemical- Market Size & Forecast 2020-2030, Thousand Tons
    3. Electronics- Market Size & Forecast 2020-2030, Thousand Tons
    4. Iron & Steel- Market Size & Forecast 2020-2030, Thousand Tons
    5. Energy & Power- Market Size & Forecast 2020-2030, Thousand Tons
    6. Others (Aerospace & Defense, etc.)- Market Size & Forecast 2020-2030, Thousand Tons
  3. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific
  4. By Company
    1. Competition Characteristics
    2. Revenue Shares
North America Molybdenum Market Outlook, 2020- 2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Application- Market Size & Forecast 2020-2030, Thousand Tons
  2. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
  3. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Molybdenum Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Size & Analysis
    1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
4. Canada Molybdenum Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Size & Analysis
    1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
5. Mexico Molybdenum Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Size & Analysis
    1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
South America Molybdenum Market Outlook, 2020- 2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Application- Market Size & Forecast 2020-2030, Thousand Tons
  2. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
  3. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Molybdenum Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Size & Analysis
    1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
4. Argentina Molybdenum Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Size & Analysis
    1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
Europe Molybdenum Market Outlook, 2020- 2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Application- Market Size & Forecast 2020-2030, Thousand Tons
  2. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
  3. By Country
    1. The UK
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. The UK Molybdenum Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Size & Analysis
    1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
4. Germany Molybdenum Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Size & Analysis
    1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
5. France Molybdenum Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Size & Analysis
    1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
6. Italy Molybdenum Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Size & Analysis
    1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
7. Spain Molybdenum Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Size & Analysis
    1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
The Middle East & Africa Molybdenum Market Outlook, 2020- 2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Application- Market Size & Forecast 2020-2030, Thousand Tons
  2. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
  3. By Country
    1. Saudi Arabia
    2. The UAE
    3. South Africa
    4. Rest of The Middle East & Africa
3. Saudi Arabia Molybdenum Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Size & Analysis
    1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
4. The UAE Molybdenum Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Size & Analysis
    1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
5. South Africa Molybdenum Market Outlook, 2020-2030
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Volume (Thousand Tons)
  2. Market Size & Analysis
    1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
Asia-Pacific Molybdenum Market Outlook, 2020- 2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Share & Analysis
  1. By Application- Market Size & Forecast 2020-2030, Thousand Tons
  2. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
  3. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Australia
    6. Rest of Asia-Pacific
China Molybdenum Market Outlook, 2020-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Size & Analysis
  1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
Japan Molybdenum Market Outlook, 2020-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Size & Analysis
  1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
South Korea Molybdenum Market Outlook, 2020-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Size & Analysis
  1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
India Molybdenum Market Outlook, 2020-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Size & Analysis
  1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
Australia Molybdenum Market Outlook, 2020-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Volume (Thousand Tons)
2. Market Size & Analysis
  1. By End-User- Market Size & Forecast 2020-2030, Thousand Tons
Global Molybdenum Market Key Strategic Imperatives for Success & Growth
Competitive Outlook
1. Company Profiles
  1. Multi Metal Development Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances Or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Anglo American
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances Or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. BHP (Peru Antamina)
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances Or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Antofagasta PLC
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances Or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Centerra Gold Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances Or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. CMOC Group
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances Or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Codelco
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances Or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Freeport-McMoRan (Climax Molybdenum)
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances Or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Grupo Mexico
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances Or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Plansee
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances Or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Rio Tinto
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances Or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Zijin Mining Group Co., Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances Or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. ABSCO Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances Or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. KGHM
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances Or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

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4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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