2024년 세계 몰리브덴 시장 규모는 5,868.7톤에 달했습니다. 향후 IMARC Group은 2033년에는 7,170.2톤에 달하고, 2025-2033년 연평균 복합 성장률(CAGR)은 2.25%를 보일 것으로 예측했습니다. 아시아태평양은 현재 2024년 몰리브덴 시장 점유율의 61.4% 이상을 차지했습니다. 철강 및 합금 산업 수요 증가, 전자 및 에너지 분야의 채용 확대, 생산 공정의 지속적인 기술 발전, 신흥 경제국의 인프라 구축 등이 이 지역 시장을 주도하고 있습니다.
몰리브덴은 고온에서의 강도, 내식성, 기계적 안정성을 높이고 융점이 높은 내화 금속입니다. 콩류, 곡물, 잎채소 등 식품에 함유되어 다양한 효소 과정에서 중요한 역할을 하는 인간의 식생활에 없어서는 안 될 미량 원소입니다. 생물의 건강 유지에 도움이 됩니다. 고강도 합금 및 초합금 생산에 널리 사용되기 때문에 몰리브덴 수요는 전 세계적으로 증가하고 있습니다.
현재 몰리브덴은 내식성이 우수하여 전자 분야에서 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, 몰리브덴은 자동차 배기가스를 줄이고 엄격한 배기가스 기준을 충족시키는 촉매 컨버터의 주요 부품으로 채택이 증가하면서 시장 성장을 견인하고 있습니다. 또한, 몰리브덴의 높은 내구성과 성능으로 인해 여러 산업에서 몰리브덴의 활용이 증가하고 있으며, 이는 업계 투자자들에게 유리한 성장 기회를 제공합니다. 또한, 프리미엄 탄두, 노즐, 성형 장약 라이너의 제조가 증가하고 있는 것도 시장 성장을 뒷받침하고 있습니다.
고강도강 및 초합금 수요 증가
고강도 철강 및 초합금에 대한 수요 증가가 시장 성장에 기여하고 있습니다. 또한, 이러한 소재는 내구성과 극한의 조건에 대한 내성이 요구되는 항공우주, 자동차, 건설 산업에서 널리 사용되고 있습니다. 항공우주 분야에서 몰리브덴 기반 초합금은 극한의 열과 압력 하에서 신뢰할 수 있는 성능을 보장하기 때문에 항공기 엔진 부품에 필수적입니다. 또한, 자동차 산업에서는 연비와 안전성을 높인 경량, 고강도 자동차 부품의 제조에 사용되어 시장 전망이 밝습니다. 이와는 별도로 산업용 소재의 품질과 내구성을 높이는 것에 대한 관심도 높아지고 있습니다.
인프라 프로젝트 증가
세계적으로 인프라 개발 및 건설 프로젝트가 증가하고 있는 것이 시장 성장을 뒷받침하고 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 가능 에너지에 대한 관심 증대
이산화탄소 배출량을 줄이고 환경의 지속가능성을 유지하기 위해 재생 가능 에너지에 대한 관심이 높아지면서 시장 성장을 뒷받침하고 있습니다. 또한, 풍력 터빈과 태양광 패널은 청정 에너지 발전에 필수적인 부품으로 몰리브덴을 포함한 재료에 의존하는 경우가 많습니다. 이에 따라 풍력 터빈의 샤프트는 강도와 내피로성 때문에 이 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 was valued at 5,868.7 Tons in 2024. Looking forward, IMARC Group estimates the market to reach 7,170.2 Tons by 2033, exhibiting a CAGR of 2.25% from 2025-2033. Asia Pacific currently dominates the molybdenum market share by holding over 61.4% in 2024. The market in the region is driven by the growing demand from the steel and alloy industries, increased adoption in electronics and energy sectors, ongoing technological advancements in production processes, and infrastructure development in emerging economies.
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.
Steel represents the largest market segment
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.
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.
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.