Hyderabad, Telangana, India - September 02, 2026 - According to Mordor Intelligence, the global molybdenum market size to reach 404.79 million tons by 2031, increasing from 329.21 million tons in 2026 at 4.22% CAGR.
Demand is being supported by the use of high-strength low-alloy steel in automotive and pipeline projects, corrosion-resistant alloys for deep-water energy equipment, and molybdenum-containing materials used in renewable-energy systems. Chemical applications are also gaining attention as petroleum refineries renew hydrodesulfurization catalysts and developers explore molybdenum disulfide electrodes for green-hydrogen applications.
Molybdenum Market Upcoming Trends
EV power electronics: Molybdenum heat spreaders and related components are being used in power-electronics systems where thermal management is important.
Aerospace and defense demand: Mo-Re alloys and high-purity molybdenum materials are used in applications requiring high-temperature performance.
High-purity powder applications: Fine molybdenum powders are finding demand in additive manufacturing, semiconductor applications, and specialized heat-sink components.
Explore Japan’s Market & Trends: https://www.mordorintelligence.com/ja/industry-reports/molybdenum-market?utm_source=abnews
Molybdenum Market Segmentation
By End Product: Steel, Chemical, Foundry, Molybdenum Metal, and Nickel Alloys. Steel accounted for 71.08% of the Molybdenum market Share in 2025. The chemical segment is forecast to grow at a 4.71% CAGR through 2031.
By Product Form: Ferromolybdenum, Molybdenum Concentrates, Roasted Molybdenum (Technical Oxide), Molybdenum Metal Powder, and Molybdenum Chemicals. Ferromolybdenum held a 39.31% contribution to market volume in 2025, while molybdenum metal powder is forecast to grow at a 4.78% CAGR.
By End-use Industry: Oil and Gas, Chemical and Petrochemical, Automotive, Industrial, Building and Construction, Aerospace and Defense, and Other End-use Industries, including energy generation and storage, electronics, and semiconductors. Aerospace and defense is projected to record the fastest growth at a 4.82% CAGR through 2031.
By Geography: Production analysis covers China, the United States, Chile, Peru, Mexico, Armenia, and other producer countries. Consumption analysis covers Asia-Pacific, North America, Europe, South America, and the Middle East and Africa.
- Antofagasta plc
- Aurubis AG
- BHP
- Codelco
- First Quantum Minerals
- Freeport-McMoRan
- Glencore
- Grupo Mexico (Southern Copper Corporation)
- Hindustan Copper Limited
- Jiangxi Copper Corporation
- Kaz Minerals
- KGHM
Molybdenum Market Share by Regions
Asia-Pacific dominated the market with a 54.08% share in 2025 and is expected to remain the largest and fastest-growing regional market through 2031, supported by specialty steel production, infrastructure development, electronics, and renewable-energy applications. North America and Europe remain important markets, while South America benefits from major molybdenum-producing countries such as Chile and Peru.
Molybdenum Industry Conclusion
Overall, market Trends indicate that steel will remain the primary demand base, while chemical products, metal powders, aerospace materials, and renewable-energy applications provide additional sources of Molybdenum market Growth. These developments are expected to support the global Molybdenum industry as the market
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