Molybdenum Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel, By End Use, By Region and Competition, 2020-2030F
The Global Molybdenum Market was valued at USD 10,330.67 million in 2024 and is projected to reach USD 15,972.03 million by 2030, growing at a CAGR of 5.26% during the forecast period. Molybdenum, recognized for its high melting point, corrosion resistance, and strength, plays a critical role as an alloying agent in steel production, enhancing strength and durability. The ongoing industrialization and infrastructure boom in emerging economies is fueling the demand for high-performance steel, thereby propelling the consumption of molybdenum. The metal's widespread use in energy applications, particularly in catalysts for oil refining and components operating under extreme conditions, is further supporting market growth. Additionally, its increasing utilization in aerospace and automotive sectors, where lightweight and high-strength materials are essential, underscores its importance in modern engineering solutions. However, fluctuations in molybdenum supply and regulatory challenges related to mining activities, especially in key producing nations such as China, Chile, and the U.S., contribute to price volatility and may influence market dynamics.
Market Overview
Forecast Period
2026-2030
Market Size 2024
USD 10,330.67 Million
Market Size 2030
USD 15,972.03 Million
CAGR 2025-2030
5.26%
Fastest Growing Segment
Direct
Largest Market
Asia Pacific
Key Market Drivers
Growth in Electronic Industry
The global electronics sector's rapid growth is significantly boosting the molybdenum market. With consumer electronics revenues reaching USD 977.7 billion in 2025, molybdenum's high thermal and electrical conductivity makes it a critical material in electronic components and semiconductors. It is especially prominent in thin-film transistors (TFTs), crucial to flat-panel displays such as OLED and LCD screens. Molybdenum's thermal stability and reliability make it ideal for gate electrodes and interconnects in modern devices. Advancements in materials, like molybdenum disulfide (MoS2), are enabling new applications in flexible electronics and wearables, reinforcing the metal's value in next-generation technologies.
Key Market Challenges
Volatility in Raw Material Prices
Price instability of raw materials, especially molybdenite ore, remains a major hurdle for the global molybdenum market. These fluctuations stem from geopolitical tensions, environmental regulations, and operational disruptions in top-producing countries. Supply chain uncertainties and regulatory hurdles affecting mining operations can sharply impact molybdenum pricing and availability. Such volatility hampers long-term planning and investment for both producers and end-users, leading to uncertainty in procurement and production strategies.
Key Market Trends
Growing Focus on Sustainability
Sustainability is becoming a central theme in the molybdenum market, driven by its applications in clean and energy-efficient technologies. Molybdenum's role in renewable energy solutions, including solar panels, wind turbines, and hydrogen fuel cells, is gaining prominence. It supports the manufacturing of thin-film photovoltaic cells and other components vital for the transition to a low-carbon economy. Major producers are emphasizing responsible sourcing and aligning with global decarbonization efforts, thereby enhancing the material's appeal in environmentally focused industries.
Key Market Players
Grupo Mexico
Codelco
Climax Molybdenum Company
Teck Resources Limited
Rio Tinto
Antofagasta PLC
KGHM Polska Miedz S.A.
Jiangxi Copper Corporation
Jinduicheng Molybdenum Co. Ltd
CMOC Group Limited
Report Scope
In this report, the Global Molybdenum Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Molybdenum Market, By Sales Channel:
Direct
Indirect
Molybdenum Market, By End Use:
Engineering Steel
Chemicals
Electronics & Semiconductors
Aerospace
Others
Molybdenum Market, By Region:
North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Molybdenum Market.
Available Customizations:
Global Molybdenum Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. Impact of COVID-19 on Global Molybdenum Market
5. Global Molybdenum Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Sales Channel (Direct, Indirect)
5.2.2. By End Use (Engineering Steel, Chemicals, Electronics & Semiconductors, Aerospace, Others)
5.2.3. By Region
5.2.4. By Company (2024)
5.3. Market Map
6. North America Molybdenum Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Sales Channel
6.2.2. By End Use
6.2.3. By Country
6.3. North America: Country Analysis
6.3.1. United States Molybdenum Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Sales Channel
6.3.1.2.2. By End Use
6.3.2. Mexico Molybdenum Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Sales Channel
6.3.2.2.2. By End Use
6.3.3. Canada Molybdenum Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Sales Channel
6.3.3.2.2. By End Use
7. Europe Molybdenum Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Sales Channel
7.2.2. By End Use
7.2.3. By Country
7.3. Europe: Country Analysis
7.3.1. France Molybdenum Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Sales Channel
7.3.1.2.2. By End Use
7.3.2. Germany Molybdenum Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Sales Channel
7.3.2.2.2. By End Use
7.3.3. United Kingdom Molybdenum Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Sales Channel
7.3.3.2.2. By End Use
7.3.4. Italy Molybdenum Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Sales Channel
7.3.4.2.2. By End Use
7.3.5. Spain Molybdenum Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Sales Channel
7.3.5.2.2. By End Use
8. Asia Pacific Molybdenum Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Sales Channel
8.2.2. By End Use
8.2.3. By Country
8.3. Asia Pacific: Country Analysis
8.3.1. China Molybdenum Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Sales Channel
8.3.1.2.2. By End Use
8.3.2. India Molybdenum Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Sales Channel
8.3.2.2.2. By End Use
8.3.3. South Korea Molybdenum Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Sales Channel
8.3.3.2.2. By End Use
8.3.4. Japan Molybdenum Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Sales Channel
8.3.4.2.2. By End Use
8.3.5. Australia Molybdenum Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Sales Channel
8.3.5.2.2. By End Use
9. South America Molybdenum Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Sales Channel
9.2.2. By End Use
9.2.3. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Molybdenum Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Sales Channel
9.3.1.2.2. By End Use
9.3.2. Argentina Molybdenum Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Sales Channel
9.3.2.2.2. By End Use
9.3.3. Colombia Molybdenum Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Sales Channel
9.3.3.2.2. By End Use
10. Middle East and Africa Molybdenum Market Outlook