市場調查報告書
商品編碼
1520557
2024-2032 年按產品類型、銷售通路、最終用途和地區分類的鉬市場報告Molybdenum Market Report by Product Type, Sales Channel, End Use, and Region 2024-2032 |
2023年全球鉬市場規模達5,734.3IMARC Group。對高強度鋼和高溫合金的需求不斷成長,對再生能源的日益關注以減少環境排放,以及基礎設施和建設項目數量的增加是推動市場的一些主要因素。
鉬是一種難熔金屬,在高溫下具有增強的強度、耐腐蝕性和機械穩定性,並且具有高熔點。它存在於豆類、穀物和葉菜等食物中,是人類飲食中必需的微量元素,在各種酶促過程中發揮著至關重要的作用。它有助於維持生物體的健康。由於鉬廣泛用於生產高強度合金和高溫合金,全球對鉬的需求不斷增加。
目前,由於鉬的耐腐蝕特性,其在電子產業的使用量不斷增加,推動了市場的成長。與此一致的是,航空航太領域對減少振動並提高飛行員和乘客舒適度的需求日益成長,這正在加強市場的成長。此外,鉬的採用越來越多,因為它是催化轉換器的關鍵部件,可以減少車輛的排放並符合嚴格的排放標準,正在推動市場的成長。此外,由於其耐用性和高性能,鉬在多個行業中的利用率不斷提高,為行業投資者提供了利潤豐厚的成長機會。此外,優質彈頭、噴嘴和聚能射孔彈內襯製造的不斷成長正在支持市場的成長。
對高強度鋼和高溫合金的需求不斷成長
對高強度鋼和高溫合金的需求不斷成長促進了市場的成長。此外,這些材料也廣泛應用於航空航太、汽車和建築行業,這些行業注重耐用性和耐極端條件。在航空航太領域,鉬基高溫合金對於飛機引擎零件至關重要,以確保在極熱和高壓下具有可靠的性能。此外,在汽車行業,它被用來製造輕質、高強度的汽車零件,提高燃油效率和安全性,這提供了積極的市場前景。除此之外,人們越來越關注提高工業材料的品質和耐用性。
基礎設施項目數量不斷增加
全球基礎設施開發和建設項目數量的不斷增加正在支持市場的成長。據此,它在確保關鍵基礎設施項目的壽命和性能方面發揮著至關重要的作用。除此之外,耐高溫對於發電廠和化學加工設施中使用的壓力容器等基礎設施部件至關重要。此外,它被廣泛用於建造橋樑、摩天大樓和高速公路,並在承受惡劣天氣條件的同時提供所需的強度和耐腐蝕性。除此之外,世界各地大眾對住宅裝修的需求不斷成長正在推動市場的成長。
日益關注再生能源以減少排放
人們越來越關注再生能源以減少碳排放和維持環境永續性,這正在支持市場的成長。此外,風力渦輪機和太陽能板是清潔能源發電的重要組成部分,通常依賴含鉬材料。與此相符,風力渦輪機軸由於其強度和抗疲勞性而需要這種難熔金屬。除此之外,能源基礎設施的擴張以及對清潔能源的關注也促進了市場的成長。此外,它還用於在惡劣條件下運行的鑽井工具和設備,包括極端溫度和高壓環境。
The global molybdenum market size reached 5,734.3 Tons in 2023. Looking forward, IMARC Group expects the market to reach 7,093.7 Tons by 2032, exhibiting a growth rate (CAGR) of 2.3% during 2024-2032. The growing demand for high-strength steel and superalloys, rising focus on renewable energy to reduce emissions in the environment, and increasing number of infrastructure and construction projects are some of the major factors propelling the market.
Molybdenum is a refractory metal that offers enhanced strength, corrosion resistance, and mechanical stability at high temperatures and has a high melting point. It is found in foods like legumes, grains, and leafy vegetables and is an essential trace element in the human diet that plays a vital role in various enzymatic processes. It assists in maintaining the health of living organisms. As it is widely employed in the production of high-strength alloys and superalloys, the demand for molybdenum is increasing across the globe.
At present, the rising employment of molybdenum in the electronics sector due to its corrosion-resistant properties is contributing to the growth of the market. In line with this, the increasing need to reduce vibration and improve pilot and passenger comfort in the aerospace sector is strengthening the growth of the market. Moreover, the rising adoption of molybdenum, as it is a key component in catalytic converters, which reduces emissions in vehicles and aligns with stringent emissions standards, is bolstering the growth of the market. In addition, the increasing utilization of molybdenum in several industries due to its durability and high performance is offering lucrative growth opportunities to industry investors. Furthermore, the rising manufacturing of premier warheads, nozzles, and shaped charge liners is supporting the growth of the market.
Rising demand for high-strength steel and superalloys
The rising demand for high-strength steel and superalloys is contributing to the growth of the market. In addition, these materials are widely utilized in the aerospace, automotive, and construction industries, where durability and resistance to extreme conditions are concerned. In the aerospace sector, molybdenum-based superalloys are vital for aircraft engine components to ensure reliable performance under extreme heat and pressure. Moreover, in the automotive industry, it is used to create lightweight and high-strength vehicle components with enhanced fuel efficiency and safety, which is offering a positive market outlook. Apart from this, there is a rise in the focus on enhancing the quality and durability of industrial materials.
Increasing number of infrastructure projects
The increasing number of infrastructure development and construction projects across the globe is supporting the growth of the market. In line with this, it plays a crucial role in ensuring the longevity and performance of critical infrastructure projects. Besides this, it is resistance to high temperatures that is vital in infrastructure components like pressure vessels used in power plants and chemical processing facilities. Moreover, it is widely utilized to build bridges, skyscrapers, and highways and provides the required strength and corrosion resistance while withstanding harsh weather conditions. Apart from this, the rising demand for residential renovation among the masses around the world is propelling the growth of the market.
Growing focus on renewable energy to reduce emissions
The growing focus on renewable energy to reduce carbon emissions and maintain environmental sustainability is supporting the growth of the market. Additionally, wind turbines and solar panels are essential components of clean energy generation that often rely on molybdenum-containing materials. In line with this, wind turbine shafts require this refractory metal due to their strength and resistance to fatigue. Apart from this, the expansion of energy infrastructure, along with the focus on a cleaner energy source, are contributing to the growth of the market. In addition, it is used in drilling tools and equipment that operate in harsh conditions, including extreme temperatures and high-pressure environments.
IMARC Group provides an analysis of the key trends in each segment of the market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on product type, sales channel and end use.
Steel
Chemical
Foundry
Molybdenum Metal
Nickel Alloy
Steel represents the largest market segment
The report has provided a detailed breakup and analysis of the market based on the product type. This includes steel, chemical, foundry, molybdenum metal, and nickel alloy. According to the report, steel represented the largest segment. Molybdenum is used as an alloying agent in the production of high-strength and specialty steels. It imparts critical properties to steel, such as increased tensile strength, resistance to corrosion, and improved high-temperature performance. In the automotive industry, it is used to create lightweight and strong vehicle components to improve fuel efficiency and safety. Similarly, the aerospace sector requires enhanced strength and heat resistance steel that ensures reliable performance in extreme conditions.
Manufacturer/Distributor
Aftermarket
The report has provided a detailed breakup and analysis of the market based on the sales channel. This includes manufacturer or distributor and aftermarket.
Manufacturer or distributor includes the sale of products directly from manufacturers or through authorized distributors. Manufacturers supply their products to various industries and end-users through this channel. Authorized distributors often play a crucial role in reaching a broader customer base and providing technical support and expertise.
Aftermarket sales involve the resale of products or services by entities other than the original manufacturers or distributors. This channel includes businesses specializing in the recycling of materials and offering maintenance, repair, and replacement services. Aftermarket providers ensure the continued functionality and longevity of products.
Oil and Gas
Automotive
Heavy Machinery
Energy
Aerospace and Defense
Others
The report has provided a detailed breakup and analysis of the market based on the end use. This includes oil and gas, automotive, heavy machinery, energy, aerospace and defense, and others.
The oil and gas industry utilizes this metal, particularly in the form of specialized steel alloys. It enhances the strength and corrosion resistance of materials used in drilling equipment, such as drill pipes and casing, and in offshore structures and pipelines. In harsh and corrosive environments deep underground or underwater, it ensures the durability and safety of oil and gas operations.
In the automotive industry, it plays a crucial role in enhancing the performance and safety of vehicles. It is used to manufacture lightweight and high-strength components like engine parts, chassis components, and safety features. This not only improves fuel efficiency but also contributes to the structural integrity of vehicles, making them safer and more reliable.
The heavy machinery sector relies on this metal for construction and industrial equipment. It is used in the manufacturing of components for heavy machinery, such as bulldozer blades, excavator buckets, and crane parts. In addition, these components require exceptional strength and wear resistance.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific exhibits a clear dominance, accounting for the largest molybdenum market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
Asia Pacific held the biggest market share due to the rapid industrialization and urbanization. Apart from this, the rising development of high-quality steel and alloys is contributing to the growth of the market in the region. In line with this, the increasing utilization of molybdenum-infused steel for lightweight and strong vehicles is propelling the growth of the market. Besides this, the rising adoption of cleaner technologies is bolstering the growth of the market in the Asia Pacific region.
Several companies are rapidly investing in the mining and extraction of molybdenum ores by focusing on exploration, drilling, and ore processing activities. They are ensuring a consistent supply of raw materials for downstream applications. In line with this, key manufacturers are refining raw concentrates to create various products, such as molybdenum oxide, ferromolybdenum, and molybdenum alloys. Apart from this, many companies are investing in research and development (R&D) activities to develop innovative alloys and materials. In addition, they are focusing on adopting sustainable practices to reduce the environmental impact of mining operations. Furthermore, major players are ensuring product quality and compliance with industry standards and regulations.
ABSCO Limited
American CuMo Mining Corporation
Centerra Gold Inc.
China Molybdenum Co. Ltd.
China Rare Metal Material Co. Ltd.
Codelco
Freeport-McMoRan Inc.
Grupo Mexico
Jinduicheng Molybdenum Co. Ltd
KGHM Polska Miedz S.A.
Molten Corporation
Moly Metal L.L.P
In 2021, China Molybdenum Co., Ltd. (CMOC) announced its strategic partnership in the area of new energy metals with Contemporary Amperex Technology Co., Ltd. ("CATL").
In 2023, Grupo Mexico, one of the largest copper producers in the world and the main one in Mexico, is considering acquiring Banamex, one of the country's largest banks. The purchase would increase the company's financial capacity, boosting its mining, infrastructure and transportation operations.
In 2023, KGHM Polska Miedz, Portland's largest ore miner, announced that they can verify four more viable mining pits in its flagship Sierra Gorda copper and molybdenum mine in Chile.