Molybdenum Market 2017 Growth, Opportunities, Analysis and Forecast to 2021

Molybdenum is a hard transition metal with atomic number 42. It does not occur as a free metal; it is found in various oxidized states in minerals. It is a silvery metal with a grey cast. Also, it has a very high melting point. The density of molybdenum is only 25% greater than iron, which makes it better than other high melting-point metals. It forms hard, stable carbides in alloys, and due to this, it is primarily used in steel alloys, including high-strength alloys and superalloys. Molybdenum is a transition metal. Molybdenum is available in the Earth's crust and oceans. The major molybdenum producing countries are China, the United States, Chile, Peru, Mexico, and some European countries. Molybdenum, when added to steel and cast iron, enhances their strength, hardenability, toughness, and high temperature and corrosion resistance. In nickel-based alloys, it facilitates resistance to both corrosion and creep-formation at high temperatures.

Publisher's analysts forecast the global molybdenum market to grow at a CAGR of 3.20% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the global molybdenum market for 2017-2021. To calculate the market size, the report considers the retail selling price is considered as the average selling price of the product.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

Publisher's report, Global Molybdenum Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Centerra Gold
- China Molybdenum
- Codelco
- Freeport-McMoRan
- Grupo Mexico

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Other prominent vendors
- Anglo American
- Antofagasta
- CRONIMET
- Erdene Resource Development
- Jinduicheng Molybdenum Group
- KGHM
- PLANSEE
- Rio Tinto
- RUBAMIN
- Shaanxi Non-ferrous Metals Holding Group
- SMR
- Taseko
- Teck Resources

Market driver
- High demand from APAC
- For a full, detailed list, view our report

Market challenge
- Volatility of steel prices
- For a full, detailed list, view our report

Market trend
- Growing wind energy industry
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Posted by Rajat Sahni on Tuesday November 28 2017, 12:01 AM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0