The molybdenum market worldwide is expected to grow steadily, with an estimated value of USD 346.3 billion in 2025, which is expected to reach around USD 548 billion by 2035, increasing at a CAGR of approximately 4.7%.

Market Metrics

Metrics	Values
Industry Size (2025E)	USD 346.3 billion
Industry Value (2035F)	USD 548 billion
CAGR (2025 to 2035)	4.7%

Country Wise Analysis

Country	CAGR (2025 - 2035 )
USA	5.3%
Uk	4.6%
France	4.2%
Germany	4.8%
Italy	4.1%
South Korea	5 %
Japan	4.4%
China	6.5%
Australia	4.7%
New Zealand	3.9%

Competitive Outlook

Company Name	Market Share (%)
Freeport-McMoRan Inc.	20-24%
Grupo México, S.A.B. de C.V.	16-20%
China Co., Ltd.	12-16%
Antofagasta plc	10-14%
Thompson Creek Metals Company Inc.	8-12%
Others (combined)	30-40%

The Molybdenum Market Report is Segmented by End Product (Steel, Chemical, Foundry, and More), Product Form (Molybdenum Concentrates, Roasted Molybdenum, Ferromolybdenum, and More), End-Use Industry (Oil & Gas, Chemical & Petrochemical, Automotive, Industrial, Building & Construction, and More), and Geography (Asia-Pacific, North America, Europe, Rest of the World). The Market Forecasts are Provided in Terms of Volume (Tons).

The Molybdenum Market size is expected to reach a valuation of USD 6.8 billion in 2033 growing at a CAGR of 3.00%. The Molybdenum Market research report classifies market by share, trend, demand, forecast and based on segmentation.

Molybdenum traded flat at 507.50 CNY/Kg on September 30, 2025. Over the past month, Molybdenum's price has fallen 2.39%, but it is still 6.84% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Molybdenum - values, historical data, forecasts and news - updated on October of 2025.

The global molybdenum market size is expected to increase over the forecasted period. the report includes analysis of the market size, share, prices as well as the demand.

Molybdenum Market is estimated to reach USD 571.2 Billion by 2034, growing at a CAGR of 5.2% during the forecast period.

Molybdenum Market is segmented By Application (Alloys, Catalysts, Fertilizers, Foundryand Others) and End-use Industry (Automotive, Oil & Gas, Aerospace & Defense, Chemical, Energyand Others)

Global Molybdenum Market was valued at USD 10330.67 Million in 2024 and is expected to reach USD 15972.03 Million by 2030 with a CAGR of 5.26%.

Pages	185
Market Size	2024: USD 10330.67 Million
Forecast Market Size	2030: USD 15972.03 Million
CAGR	2025-2030: 5.26%
Fastest Growing Segment	Direct
Largest Market	Asia Pacific
Key Players	1. Grupo México 2. Codelco 3. Climax Molybdenum Company 4. Teck Resources Limited 5. Rio Tinto 6. Antofagasta PLC 7. KGHM Polska Miedź S.A. 8. Jiangxi Copper Corporation 9. Jinduicheng Molybdenum Co. Ltd 10. CMOC Group Limited

The molybdenum market attained a value of USD 4.71 Billion in 2024. The industry is expected to grow at a CAGR of 5.30% during the forecast period of 2025-2034. By 2034, the market is expected to reach USD 7.89 Billion.

The influx of stricter environmental policies across the globe are impacting the molybdenum market outlook for pollution control and cleaner production processes. Across the United States and Europe, regulations limiting nitrogen oxide emissions are driving the need for molybdenum-based catalysts in chemical and refining plants. For instance, in November 2024, Syamcat introduced an iron–molybdenum catalyst to facilitate efficient methanol-to-formaldehyde conversion. The global push towards circular economy principles is further promoting the recycling of molybdenum-containing scrap whilst reducing the environmental impacts.

Governments worldwide are recognizing molybdenum as a critical mineral for national security given its use in defense alloys and energy infrastructure. The United States Department of Defense and European Union are prioritizing molybdenum in strategic stockpiling efforts to mitigate supply risks amid geopolitical uncertainties. This trend is encouraging investments in mining and processing facilities within politically stable regions, further influencing global market flows as well as long-term supply security.

Molybdenum compounds, mainly molybdenum disulfide, are serving as key catalysts in refining petroleum and petrochemicals. Hydrodesulfurization catalysts limit sulfur content in fuels for matching the stricter environmental regulations globally. The introduction of the Global Strategy is urging countries to reach low sulfur fuels by up to 50 ppm by 2025, favoring the molybdenum industry. This trend is driving the growth in refining capacities in emerging countries. Moreover, molybdenum-based catalysts are increasingly applied in green chemical processes for enhancing their strategic importance in sustainable industry practices.

Copper Molybdenum Market Outlook

The global copper molybdenum market size was valued at approximately $5.82 billion in 2023 and is expected to reach around $9.63 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period. This steady growth can be attributed to a variety of factors including increased demand in key industries such as construction, automotive, and electronics, driven by technological advancements and infrastructure developments worldwide.

One of the key growth factors for the copper molybdenum market is the rising demand for high-performance materials in various industrial applications. Copper molybdenum alloys are known for their excellent mechanical properties, including high strength, resistance to high temperatures, and corrosion resistance. These properties make them indispensable in the manufacturing of components for the automotive, aerospace, and defense sectors, which are witnessing robust growth. Additionally, the expanding use of copper molybdenum in electronics, due to its superior electrical conductivity, further fuels market growth.

Another significant growth driver is the ongoing advancements in chemical processing industries. Molybdenum, when alloyed with copper, enhances the catalytic properties of various chemical processes. This has led to an increased adoption of copper molybdenum alloys in petrochemical and chemical manufacturing sectors. Furthermore, the rise in global steel production, where molybdenum is used as an alloying element to improve the strength and durability of steel, is another critical factor bolstering the market.

Environmental regulations and sustainability concerns are also playing a crucial role in market expansion. Industries are increasingly focusing on materials that offer longevity and reduce waste. Copper molybdenum alloys fit this profile, as they are highly recyclable and have a longer lifespan compared to traditional materials. This shift towards sustainable materials is significantly contributing to the market’s growth trajectory.

The regional outlook for the copper molybdenum market is promising, with Asia Pacific leading the charge. The region's dominance can be attributed to its booming industrial sector, particularly in countries like China, India, and Japan. These nations are major consumers of copper molybdenum alloys, driven by their expanding automotive, electronics, and construction industries. North America and Europe are also key markets, with substantial contributions from the aerospace and defense sectors. Meanwhile, Latin America and the Middle East & Africa are emerging as potential markets due to increasing industrial activities and infrastructure development projects.

Product Type Analysis

The copper molybdenum market is segmented by product type into concentrates, oxides, alloys, and others. Each of these segments plays a vital role in various industrial applications, contributing to the overall market dynamics. Concentrates, for instance, are a primary source of molybdenum extraction and are essential in the initial stages of production. The demand for concentrates is driven by their use in producing various molybdenum compounds and alloys, which are then utilized in multiple industries, including steel production and chemical processing.

Oxides, another critical segment, are widely used in the chemical and electronics industries. Molybdenum oxides are known for their catalytic properties and are extensively used in petroleum refining and chemical synthesis. The growing need for efficient catalysts in these sectors is expected to drive the demand for molybdenum oxides significantly. Additionally, the use of oxides in the electronics industry for the production of semiconductors and other high-tech components further boosts this segment.

Alloys represent a substantial portion of the copper molybdenum market. These alloys are extensively used in industries that require materials with high strength, thermal stability, and corrosion resistance. The automotive and aerospace industries, in particular, are major consumers of copper molybdenum alloys due to their superior performance characteristics. The increasing demand for high-performance materials in these sectors is expected to drive the growth of the alloy segment.

The 'others' category includes various specialized products and compounds derived from copper molybdenum. This segment caters to niche applications in industries such as medical, where molybdenum's biocompatibility is lev

Global Molybdenum market size is expected to reach $6.14 billion by 2029 at 4.7%, segmented as by steel, stainless steel, alloy steel, carbon steel, structural steel, other steel products

Explore the key factors influencing the global molybdenum market, from growing demand for high-strength steel to geopolitical events impacting supply and prices. Learn how industries like construction and automotive are driving the market's growth despite economic uncertainties.

Find detailed analysis in Market Research Intellect's High Purity Molybdenum Market Report, estimated at USD 250 million in 2024 and forecasted to climb to USD 450 million by 2033, reflecting a CAGR of 7.5%.Stay informed about adoption trends, evolving technologies, and key market participants.

Global Molybdenum Market valued at USD 5 billion, driven by steel production, aerospace, and high-performance alloys, with growth from technological advancements and emerging markets.

Global molybdenum market is estimated to be USD 4.411 billion in 2019 and is projected to surpass USD 5.069 billion by 2026, expanding at a CAGR of around 2.34% during the forecast period, 2020 – 2026. Molybdenum is an important material used in aerospace and defense industry due to the presence of its various properties such as high-temperature stability, tensile strength, density, radiation protection, and their excellent material machinability.



Molybdenum has high strength and less weight and is therefore very crucial in the reduction of vibration and improvement in the pilot and passenger comfort. It is extensively used for stabilization of control surfaces for ailerons, elevators, and rudder sections of aircraft, helicopter rotor blades, and cockpit instrumentation.

Market Drivers, Restraints, Opportunities, and Trends:

• Surging demand of molybdenum-bearing in chemicals is the driving factor propelling the growth of the market.
• Increasing purchasing power in the emerging economies and increasing demand of commercial airlines are major factors boosting the growth of the market.
• Manufacturers are exploring innovative ways for finding new energy sources which is essential for setting of the new renewable energy production plants and is hence creative lucrative opportunities in the market.
• High price of molybdenum is a major restraining factor which can hinder the growth of the market as it isn’t suitable for continuous temperatures above 500 °C in an oxidized atmosphere unless it is protected by a coating.

Scope of the Report

The report on the global molybdenum market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Base Year	2019
Historic Data	2018–2019
Forecast Period	2020–2026
Regional Scope	Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Table of Contents

• Molybdenum Market Scope:

The report on Molybdenum Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. for the forecast years. The global molybdenum market is segmented on the basis of type, application, and geography. The worldwide market for Molybdenum Market is expected to grow at a CAGR of roughly x.x% over the next ten years, and will reach US$ XX.X Mn in 2028, from US$ XX.X Mn in 2018, according to a new Market.us (Prudour Research) study.

Molybdenum Market Scope:

By type, the market is segmented into Steel, Chemicals, Foundries, Mo-metals, and Nickel alloys. By application, the market is divided into Oil and gas, Automotive, Heavy machinery, Energy, and Aerospace and defense. Read More

The size of the Molybdenum Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of XXX % during the forecast period. The molybdenum market is growing consistently as the demand for molybdenum-based applications increases in industries related to steel production, electronics, and aerospace. Molybdenum is mainly used as a steel alloying agent, thus improving the strength, durability, and high-temperature and corrosion resistance of steel. The need for good quality steel in such infrastructural development, production of automobiles, and industrial machines has fueled the demand for the metal and thus for molybdenum. Molybdenum is also critical in the electronics industry; it is used in the semiconductor and electrical contacts manufacturing sectors. It is also found in aerospace applications, since it can withstand extreme temperatures in jet engines and rockets. Investments in renewable energy and advanced technologies, such as solar panels and electric vehicles, are also rising and are contributing to market growth. However, geopolitical factors and mining challenges associated with supply can impact market dynamics. Amidst these challenges, the steady growth of the molybdenum market can be predicted.

In 2024, the Indian ferro-molybdenum market decreased by -38.4% to $65M, falling for the second consecutive year after three years of growth. In general, consumption continues to indicate a perceptible contraction. Over the period under review, the market hit record highs at $109M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Learn about the expected growth in the Northern American ferro-molybdenum market over the next decade, driven by increasing demand. Market performance is projected to expand with a CAGR of +2.0%, reaching 11K tons in volume and $327M in value by 2035.

The EU molybdenum market shrank rapidly to $57M in 2024, waning by -21.5% against the previous year. Over the period under review, consumption, however, posted a moderate expansion. As a result, consumption reached the peak level of $113M. From 2015 to 2024, the growth of the market remained at a lower figure.