세계의 몰리브덴 시장 규모는 2023년에 5,734.3톤에 달했습니다. IMARC Group은 2032년 시장 규모는 7,093.7톤에 달하며, 2024-2032년 2.3%의 성장률(CAGR)을 보일 것으로 예측하고 있습니다. 고강도 철강 및 초합금에 대한 수요 증가, 환경 배출 감소를 위한 재생 에너지에 대한 관심 증가, 인프라 및 건설 프로젝트 증가 등이 시장을 촉진하는 주요 요인입니다.
몰리브덴은 고온에서 강도, 내식성, 기계적 안정성을 높이고 융점이 높은 내화 금속입니다. 두류, 곡물, 잎채소 등 식품에 함유되어 있으며 인간의 식생활에 없어서는 안될 미량 원소이며 다양한 효소 과정에서 중요한 역할을 합니다. 생물의 건강 유지에 도움이 됩니다. 몰리브덴은 고강도 합금 및 초합금 생산에 널리 사용되기 때문에 전 세계에서 수요가 증가하고 있습니다.
현재 몰리브덴은 우수한 내식성으로 인해 전자 분야에서 몰리브덴의 채택이 증가하고 있으며, 이는 시장 성장에 기여하고 있습니다. 이에 따라 항공우주 분야에서는 진동을 줄이고 조종사 및 승객의 편안함을 향상시키기 위한 필요성이 증가하면서 시장 성장을 강화하고 있습니다. 또한 자동차 배기가스를 줄이고 엄격한 배기가스 규제에 대응하기 위한 촉매 컨버터의 주요 부품인 몰리브덴의 채택이 증가하고 있는 것도 시장 성장을 가속하고 있습니다. 또한 몰리브덴의 높은 내구성과 성능으로 인해 여러 산업 분야에서 몰리브덴의 사용이 증가하고 있으며, 이는 업계 투자자들에게 유리한 성장 기회를 제공합니다. 또한 프리미엄 탄두, 노즐 및 성형 탄약 라이너의 생산이 증가하고 있는 것도 시장 성장을 지원하고 있습니다.
고강도강 및 초합금에 대한 수요 증가
고강도 철강 및 초합금에 대한 수요 증가가 시장 성장에 기여하고 있습니다. 또한 이러한 소재는 내구성과 극한의 조건에 대한 저항성이 요구되는 항공우주, 자동차 및 건설 산업에서 널리 사용되고 있습니다. 항공우주 분야에서 몰리브덴계 초합금은 극한의 열과 압력에서도 안정적인 성능을 보장하기 때문에 항공기 엔진 부품에 필수적입니다. 또한 자동차 산업에서는 연비와 안전성을 향상시킨 경량화 및 고강도 자동차 부품 제조에 사용되어 시장 전망이 밝습니다. 이와는 별도로 산업용 소재의 품질과 내구성 향상에 대한 관심도 높아지고 있습니다.
인프라 프로젝트 증가
전 세계에서 인프라 구축 및 건설 프로젝트가 증가하면서 시장 성장을 촉진하고 있습니다. 이에 따라 중요한 인프라 프로젝트의 수명과 성능을 보장하는 데 중요한 역할을 하고 있습니다. 또한 발전소 및 화학 처리 시설에서 사용되는 압력 용기와 같은 인프라 부품에 필수적인 고온에 대한 내성이 있습니다. 또한 교량, 고층 빌딩, 고속도로 건설에 널리 사용되어 혹독한 기상 조건을 견디는 데 필요한 강도와 내식성을 제공합니다. 이와는 별도로, 전 세계 대중들 사이에서 주택 리모델링에 대한 수요가 증가하고 있는 것도 시장 성장을 가속하고 있습니다.
배출량 감축을 위한 재생 에너지에 대한 관심 증가
탄소 배출량을 줄이고 환경의 지속가능성을 유지하기 위해 재생 에너지에 대한 관심이 높아지면서 시장 성장을 지원하고 있습니다. 또한 풍력 터빈과 태양광 패널은 청정 에너지 발전에 필수적인 부품으로 몰리브덴 함유 재료에 의존하는 경우가 많습니다. 이에 따라 풍력 터빈의 샤프트는 강도와 피로 저항으로 인해 내화 금속이 필요합니다. 이와는 별도로, 에너지 인프라의 확대와 청정 에너지원에 대한 관심이 시장 성장에 기여하고 있습니다. 또한 극한의 온도 및 고압 환경과 같은 가혹한 조건에서 사용되는 드릴링 공구 및 장비에도 사용됩니다.
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.