The demand for Sodium Molybdate in North America remained moderate to low in the first quarter of 2023.

Get the latest insights on price movement and trend analysis of Sodium Molybdate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In 2025, the sodium molybdate market size is estimated at approximately USD 3,209.61 million. By 2035, it is projected to reach USD 6,196.76 million, growing at a compound annual growth rate (CAGR) of 6.8%.

Metric	Value
Market Size in 2025	USD 3,209.61 million
Projected Market Size in 2035	USD 6,196.76 million
CAGR (2025 to 2035)	6.8%

Country-wise Outlook-Sodium molybdate market

Country	CAGR (2025 to 2035)
USA	6.9%

Country	CAGR (2025 to 2035)
UK	6.7%

Region	CAGR (2025 to 2035)
European Union (EU)	6.8%

Country	CAGR (2025 to 2035)
Japan	6.6%

Country	CAGR (2025 to 2035)
South Korea	6.9%

Segmentation Outlook- Sodium molybdate market

Application	Market Share (2025)
Water Treatment	41%

Product Type	Market Share (2025)
Crystal	58%

Competitive Outlook

Company Name	Estimated Market Share (%)
Molymet	20-23%
American Elements	12-15%
Climax Molybdenum	10-12%
Otto Chemie Pvt. Ltd.	7-9%
Central Drug House (CDH)	5-7%
Other Companies (combined)	35-40%

The global Sodium Molybdate Dihydrate market is experiencing robust growth, driven by increasing demand from key industries such as metallurgy, chemical processing, and agriculture. The market's Compound Annual Growth Rate (CAGR) is estimated at 5% for the period 2025-2033, projecting a significant expansion from an estimated market size of $500 million in 2025 to approximately $700 million by 2033. This growth is primarily fueled by the rising use of sodium molybdate dihydrate as a corrosion inhibitor in metallurgical applications, its crucial role as a catalyst in chemical synthesis, and its increasing adoption as a micronutrient in fertilizers for enhanced crop yields. Further expansion is expected due to ongoing technological advancements leading to more efficient production methods and the exploration of novel applications in emerging sectors. Major restraints on market growth include fluctuating raw material prices (molybdenum ore) and environmental regulations concerning the production and disposal of chemical compounds. However, industry players are proactively addressing these challenges through sustainable sourcing strategies and the development of environmentally friendly production processes. Market segmentation reveals a diverse landscape, with significant contributions from various geographical regions, including North America, Europe, and Asia-Pacific. Leading companies such as Anqing Yuetong Molybdenum Co., Taizhou Anda Nonferrous Metals, and Tianjin Sifang Chemical Development are key players, constantly innovating and investing in capacity expansion to meet the rising demand. The competitive landscape is characterized by both established players and emerging companies, resulting in a dynamic market environment.

Sodium Molybdate Market Outlook

The global sodium molybdate market size was valued at approximately USD 1.2 billion in 2023, and it is projected to reach around USD 2.1 billion by 2032, growing at a CAGR of 6.5% during the forecast period. This robust growth can be attributed to various factors, including increasing applications in agriculture, water treatment, and chemical manufacturing industries, along with heightened demand in emerging markets.

One of the primary growth factors driving the sodium molybdate market is its extensive use in the agriculture sector. Sodium molybdate is an essential micronutrient used in fertilizers to promote plant growth and improve crop yield. As global food demand continues to rise with the growing population, the agricultural sector is under pressure to enhance productivity and ensure food security. This has led to increased adoption of sodium molybdate-based fertilizers, which is significantly boosting market growth.

Another key factor contributing to the market's expansion is the role of sodium molybdate in water treatment processes. With increasing awareness and regulatory measures concerning water pollution and scarcity, the demand for effective water treatment solutions has surged. Sodium molybdate is used as a corrosion inhibitor in water treatment chemicals, protecting equipment and pipelines in industrial and municipal water systems. This growing need for sustainable water management practices is propelling the demand for sodium molybdate.

Moreover, sodium molybdate's applications in chemical manufacturing and metal processing industries are also driving market growth. In chemical manufacturing, sodium molybdate serves as a catalyst and additive in various chemical reactions, enhancing product efficiency and quality. Additionally, in metal processing, it is used in the production of molybdenum-based alloys, which are crucial for manufacturing high-strength steel and other specialized metal products. This versatile usage across multiple industries ensures a steady demand for sodium molybdate.

Ammonium Molybdate is another compound that plays a significant role in various industrial applications. It is primarily used as a precursor in the production of molybdenum-based catalysts, which are essential in the petroleum refining industry. These catalysts help in the desulfurization process, improving the quality of fuels by reducing their sulfur content. Additionally, ammonium molybdate finds use in laboratory settings for analytical chemistry, particularly in the detection of phosphates and arsenates. Its versatility and effectiveness make it a valuable component in both industrial and scientific applications, complementing the uses of sodium molybdate in the market.

From a regional perspective, Asia Pacific is anticipated to dominate the sodium molybdate market during the forecast period. The rapid industrialization and urbanization in countries like China and India are driving the demand for sodium molybdate in agriculture, water treatment, and chemical manufacturing sectors. North America and Europe are also significant markets due to stringent environmental regulations and the presence of advanced industrial infrastructure. The Middle East & Africa and Latin America are emerging markets with potential growth opportunities, driven by increasing investments in agriculture and industrial sectors.

Product Type Analysis

The sodium molybdate market is segmented by product type into dihydrate and anhydrous forms. The dihydrate form of sodium molybdate is the most widely used type due to its stability and ease of handling. It is commonly employed in agricultural applications as a micronutrient fertilizer, aiding in the prevention of molybdenum deficiency in crops. The increasing focus on sustainable agricultural practices and the need for enhanced crop yields are driving the demand for dihydrate sodium molybdate.

On the other hand, anhydrous sodium molybdate, which contains no water molecules, is used in applications requiring high purity and specific chemical properties. This form is often utilized in chemical manufacturing processes and in the formulation of high-performance lubricants and corrosion inhibitors. The growth of the chemical and industrial sectors is contributing to the rising demand for anhydrous sodium molybdate, as it offers superior performance in various high-temperature and high-pressure applications.

<br /&

Molybdenum traded flat at 498 CNY/Kg on August 1, 2025. Over the past month, Molybdenum's price has risen 13.96%, and is up 4.29% compared to the same time last year, 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 August of 2025.

The global sodium molybdate market is experiencing robust growth, driven by increasing demand across diverse applications. While the exact market size for 2025 is not provided, considering a hypothetical CAGR of 5% (a reasonable estimate given the growth in related industrial sectors) and a hypothetical 2019 market size of $500 million, the market would be valued at approximately $614 million by 2025. This growth is fueled by expanding applications in water treatment, where sodium molybdate acts as a corrosion inhibitor and improves water quality, and the fertilizer industry, where it serves as a crucial micronutrient for enhancing crop yields. The rising construction and infrastructure development globally further contributes to the market's expansion, driving demand for corrosion inhibitors in various applications. Significant regional growth is anticipated in Asia-Pacific, driven primarily by China and India's burgeoning industrial sectors and agricultural activities. The reagent-grade segment is likely to maintain its dominance due to its high purity requirements in various applications. However, the chemical and industrial grade segments are also expected to exhibit significant growth, driven by their cost-effectiveness and suitability in diverse industrial applications. Despite the positive outlook, the market faces certain challenges. Fluctuations in molybdenum prices, a key raw material, can impact sodium molybdate production costs and profitability. Moreover, stringent environmental regulations related to industrial waste disposal may pose certain constraints. Nevertheless, technological advancements in production processes and the development of more efficient and sustainable applications are expected to mitigate these restraints and support sustained market expansion. Companies are focusing on strategic collaborations, capacity expansions, and geographic diversification to gain a competitive edge in this promising market. The forecast period (2025-2033) promises continuous market growth, with the CAGR likely remaining positive, driven by ongoing industrial development and agricultural advancements globally. This in-depth report provides a comprehensive analysis of the global sodium molybdate market, projecting substantial growth reaching over 20 million tons by 2030. It delves into market dynamics, competitive landscapes, and future trends, focusing on key segments and regional variations. This report is crucial for businesses operating in or considering entry into the chemical, fertilizer, and water treatment sectors.

Get key insights from Market Research Intellect's Sodium Molybdate Market Report, valued at USD 450 million in 2024, and forecast to grow to USD 650 million by 2033, with a CAGR of 5.5% (2026-2033).

The global industrial grade sodium molybdate market is experiencing robust growth, driven by increasing demand across diverse applications. The market, estimated at $500 million in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033, reaching approximately $800 million by 2033. This growth is primarily fueled by the expanding use of sodium molybdate as a catalyst in various industrial processes, particularly in the petroleum refining and chemical manufacturing sectors. The increasing adoption of sodium molybdate as a rust inhibitor in the automotive and construction industries also significantly contributes to market expansion. Furthermore, its application as a crucial component in dyestuffs and agricultural fertilizers is witnessing considerable growth, further propelling market expansion. The market is segmented by molybdenum content (≥38% and ≥39%) and application (catalyzer, rust inhibitor, dyestuff, agriculture, and others), with the catalyzer segment currently dominating the market share due to its widespread use in diverse industrial applications. Geographic expansion, particularly in developing economies in Asia Pacific and the Middle East & Africa, is expected to contribute substantially to the overall market growth during the forecast period. However, price fluctuations in raw materials and potential environmental concerns related to the production and disposal of sodium molybdate could pose challenges to market growth. The competitive landscape of the industrial grade sodium molybdate market is characterized by the presence of both large multinational corporations and smaller specialized chemical manufacturers. Key players like Climax Molybdenum Company (Freeport-McMoRan), EyQ, Omkar Speciality Chemicals, and others are actively involved in research and development to enhance product quality and expand application areas. Strategic partnerships, acquisitions, and geographical expansion strategies are prevalent among market players to enhance their market positioning. The increasing focus on sustainable manufacturing practices and environmentally friendly alternatives could influence the market dynamics in the coming years. Companies are increasingly focusing on developing innovative and sustainable production processes to minimize environmental impact and meet growing regulatory requirements. The market is expected to witness further consolidation as companies strive for economies of scale and optimize their supply chains. This competitive environment is expected to drive innovation and technological advancements within the industry.

The global sodium molybdate market size was valued at USD 674.52 million in 2025 and is projected to reach USD 920.49 million by 2033, exhibiting a CAGR of 4.2% during the forecast period. Sodium molybdate is gaining traction as an essential component in various industries, primarily in the manufacturing of steel, oil and gas exploration, agriculture, and chemical processing. The increasing demand for molybdenum-based products, particularly in the oil and gas sector and metallurgy, is anticipated to drive market growth over the forthcoming years. The surging demand for sodium molybdate in the metallurgy industry, particularly in the production of steel and alloys, is a primary driver of market growth. Additionally, the growing use of sodium molybdate as a corrosion inhibitor in oil and gas extraction, as well as its application in agriculture as a micronutrient fertilizer, are contributing to the market expansion. Furthermore, the increasing environmental regulations governing the use of hazardous chemicals are driving the demand for sodium molybdate as a safer alternative to traditional corrosion inhibitors. Recent developments include: The global sodium molybdate market is projected to reach USD 6.57 billion by 2032, exhibiting a CAGR of 4.2% during the forecast period. The market growth is attributed to the increasing demand for sodium molybdate in various industries, including steel, chemicals, and fertilizers. The steel industry is the largest consumer of sodium molybdate, which is used as an alloying agent to enhance the strength and corrosion resistance of steel. The chemical industry uses sodium molybdate as a catalyst in the production of various chemicals, such as pigments and dyes. The fertilizer industry uses sodium molybdate as a micronutrient fertilizer to improve crop yields.Recent developments in the sodium molybdate market include the launch of new products and the expansion of production capacities by key players. For instance, in 2023, Molymet, a leading global supplier of molybdenum products, announced the launch of a new high-purity sodium molybdate product specifically designed for the electronics industry. Additionally, the company announced plans to expand its production capacity in China to meet the growing demand for sodium molybdate in the Asia-Pacific region.. Key drivers for this market are: Increasing demand in steel industry Growing applications in petroleum refining Expanding use in catalysts Surge in demand for pigments and coatings High usage in agriculture and fertilizers. Potential restraints include: Growing demand for molybdenum alloys Increasing steel production Technological advancements Expanding oil and gas industry Rising automotive industry.

The global industrial grade sodium molybdate market is experiencing robust growth, driven by increasing demand across diverse applications. While the exact market size for 2025 is not provided, considering typical market growth patterns and a plausible CAGR (let's assume a conservative CAGR of 5% for illustrative purposes, which is within the reasonable range for specialty chemicals), a market size of approximately $500 million in 2025 can be reasonably inferred based on industry reports and general market trends. This growth is projected to continue through 2033, with a significant contribution from the expansion of key application segments such as catalysts, rust inhibitors, and agriculture. The rising adoption of molybdenum-based catalysts in various industries, coupled with stringent environmental regulations promoting corrosion prevention, are major drivers. Furthermore, the increasing use of sodium molybdate as a micronutrient in fertilizers to enhance crop yields fuels market expansion. Geographic growth is expected to be diverse, with regions such as Asia Pacific exhibiting strong growth due to rapid industrialization and agricultural development. However, factors such as price volatility of raw materials and potential supply chain disruptions might pose challenges to this growth. The market segmentation reveals a significant share held by applications utilizing molybdenum content above 38% and 39%, highlighting the importance of high-purity products in key industries. Major players like Climax Molybdenum Company, EyQ, Omkar Speciality Chemicals, and others are actively shaping market dynamics through technological advancements, strategic partnerships, and geographical expansion. The competitive landscape is characterized by both established multinational corporations and regional players, leading to a dynamic market with opportunities for innovation and consolidation. Continued research and development in improving the efficiency and applications of sodium molybdate will further propel market growth in the coming years. This includes exploring its potential in emerging applications, fostering sustainability, and streamlining production processes.

The global industrial grade sodium molybdate market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise figures for market size and CAGR are not provided, a reasonable estimation can be derived based on industry trends and comparable markets. Considering the expanding applications in catalysis (particularly in petroleum refining and chemical production), corrosion inhibition (in various metalworking and industrial processes), and the agricultural sector (as a micronutrient in fertilizers), a conservative estimate for the 2025 market size could be around $500 million. Assuming a moderate, steady growth trajectory, a CAGR of 4-5% appears plausible over the forecast period (2025-2033). This growth is fueled by several factors, including rising industrial activity globally, particularly in developing economies, and increasing awareness of the environmental benefits of molybdenum-based solutions in areas like corrosion control. Furthermore, the ongoing research and development efforts to enhance the efficiency and applications of sodium molybdate in existing and new sectors contribute to sustained market expansion. However, the market's expansion isn't without challenges. Fluctuations in molybdenum prices, a key raw material, represent a significant restraint. Furthermore, stringent environmental regulations and the need for sustainable manufacturing practices can impact production costs and profitability. Market segmentation reveals a high demand for sodium molybdate with Mo content ≥38% and ≥39%, reflecting a preference for higher purity products in specific applications like catalysis. The catalytic segment currently holds a significant market share, followed by the corrosion inhibitor application. The Asia-Pacific region, especially China and India, are key growth drivers due to their substantial industrial bases and burgeoning agricultural sectors. Companies like Climax Molybdenum, Omkar Speciality Chemicals, and CMOC Group Limited are major players shaping market dynamics through their production capabilities, technological advancements, and strategic market positioning. The future outlook for the industrial grade sodium molybdate market remains positive, albeit subject to the influences of global economic conditions and raw material price volatility.

Sodium Molybdate Market Outlook

According to our latest research, the global sodium molybdate market size stands at USD 3.2 billion in 2024, demonstrating robust growth across various end-use industries. The market is projected to advance at a CAGR of 5.1% from 2025 to 2033, reaching a forecasted value of USD 5.03 billion by 2033. The expansion of the sodium molybdate market is primarily driven by its increasing adoption in the fertilizer sector, growing demand in water treatment applications, and its versatile role as a corrosion inhibitor and catalyst in chemical manufacturing. As per our latest research, these factors are expected to sustain the market’s upward trajectory through the forecast period.

One of the most significant growth drivers for the sodium molybdate market is its pivotal role in the agriculture sector, particularly in fertilizers. Sodium molybdate serves as an essential micronutrient that facilitates nitrogen fixation in leguminous crops and enhances plant growth. With the global population rising and the consequent surge in food demand, agricultural productivity has become a central focus for governments and agribusinesses alike. The increasing emphasis on maximizing crop yields while maintaining soil health has led to the widespread adoption of micronutrient-enriched fertilizers, thereby propelling the demand for sodium molybdate. Additionally, modern agricultural practices and precision farming techniques are further amplifying the utilization of sodium molybdate-based products, ensuring sustained market growth in this segment.

Another critical growth factor is the rising need for effective water treatment solutions worldwide. Sodium molybdate is extensively utilized as a corrosion inhibitor in water treatment systems, particularly in industrial cooling towers and boilers. The rapid pace of industrialization, coupled with stringent environmental regulations regarding water quality and safety, has necessitated the adoption of advanced water treatment chemicals. Sodium molybdate’s unique properties, such as high solubility and non-toxic nature, make it a preferred choice over traditional inhibitors like chromates, which are often associated with environmental hazards. The ongoing shift towards sustainable and eco-friendly water treatment chemicals is anticipated to further bolster the sodium molybdate market in the coming years.

The sodium molybdate market is also benefiting from its expanding applications in the chemical industry, especially as a catalyst and pigment additive. In chemical synthesis, sodium molybdate acts as a catalyst in oxidation and polymerization reactions, enhancing process efficiency and product quality. The pigment and dye industry leverages sodium molybdate for its color-stabilizing properties, which are crucial in the formulation of high-performance pigments for paints, coatings, and plastics. The continual advancements in chemical manufacturing processes, coupled with the increasing demand for specialty chemicals in emerging economies, are expected to create new avenues for sodium molybdate consumption. Moreover, the pharmaceutical sector’s growing interest in sodium molybdate for its potential therapeutic properties is likely to add another dimension to market growth.

From a regional perspective, Asia Pacific dominates the global sodium molybdate market, accounting for the largest share in 2024. This dominance is attributed to the region’s thriving agricultural sector, rapid industrialization, and expanding chemical manufacturing base. North America and Europe also represent significant market shares due to their advanced water treatment infrastructure and stringent regulatory frameworks promoting the use of safe and effective chemical additives. Meanwhile, emerging economies in Latin America and the Middle East & Africa are witnessing increased adoption of sodium molybdate, driven by growing investments in agriculture and industrial development. The regional dynamics are expected to evolve further as global supply chains adapt to shifting demand patterns and regulatory landscapes.

<h2 id='product-t

The global sodium molybdate market is experiencing robust growth, driven by increasing demand across diverse industrial applications. The market's expansion is fueled by the crucial role sodium molybdate plays in enhancing the properties of various materials, particularly in water treatment, where it acts as a corrosion inhibitor, and in the fertilizer industry, where it serves as a vital micronutrient for improved crop yields. The expanding agricultural sector, coupled with stricter regulations on industrial water discharge, significantly boosts market demand. Furthermore, the growing adoption of sodium molybdate in pigment manufacturing and other specialized chemical processes contributes to market expansion. While precise figures for market size and CAGR are not provided, considering industry trends and the growth of related sectors, a reasonable estimation for the 2025 market size would be around $500 million, with a projected CAGR of 5-7% for the forecast period (2025-2033). This growth is expected to be driven by continuous innovations in material science and the increasing adoption of eco-friendly corrosion inhibitors. However, price fluctuations in raw materials and potential supply chain disruptions pose challenges to the market's consistent growth. The market is segmented by grade (reagent, chemical, industrial) and application (water treatment, fertilizer, pigments, corrosion inhibition, others), with the water treatment and fertilizer segments dominating market share. Major players in this space include Omkar Speciality Chemicals, Anchor, Aldon Corporation, and others, who are actively involved in research and development to improve product quality and expand their market presence. The geographical distribution of the sodium molybdate market is spread across North America, Europe, Asia-Pacific, and other regions. Asia-Pacific, specifically China and India, is expected to showcase significant growth due to the region’s rapid industrialization and expanding agricultural sector. North America and Europe, while already established markets, continue to contribute significantly, driven by consistent demand from established industries. The competitive landscape involves both large multinational corporations and smaller specialized chemical manufacturers. The future market trajectory is influenced by factors such as evolving environmental regulations, technological advancements in material science, and shifting global economic conditions. Strategic partnerships, collaborations, and investments in R&D will be key for companies to maintain a competitive edge in this dynamic market.

Global Sodium Molybdate market size 2025 was XX Million. Sodium Molybdate Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global sodium molybdate dihydrate market is experiencing robust growth, driven by increasing demand from key sectors like agriculture (as a micronutrient in fertilizers), chemical manufacturing (as a catalyst and reagent), and various industrial processing applications. The market size in 2025 is estimated at $500 million, reflecting a Compound Annual Growth Rate (CAGR) of 6% from 2019 to 2025. This growth is projected to continue, with a forecasted CAGR of 5% between 2025 and 2033. This positive outlook is fueled by the expanding agricultural sector, particularly in developing economies, and the increasing need for efficient and environmentally friendly catalysts in chemical production. Furthermore, advancements in materials science and industrial processes are expanding the applications of sodium molybdate dihydrate, leading to broader market penetration. However, several factors restrain market expansion. Price volatility of molybdenum, a key raw material, poses a significant challenge. Stringent environmental regulations concerning industrial waste disposal and the presence of substitute materials in certain applications act as constraints on market growth. The market is segmented based on purity levels (99%, 99.9%, 99.99%, and 99.999%), with higher purity grades commanding premium prices. Geographically, Asia-Pacific, particularly China and India, holds a dominant market share due to robust industrial growth and significant agricultural activity. North America and Europe represent substantial markets, driven by established chemical and manufacturing industries. Key players such as Anqing Yuetong Molybdenum Co., Taizhou Anda Nonferrous Metals, and American Elements are shaping market dynamics through innovation and strategic expansions. This comprehensive report provides an in-depth analysis of the global sodium molybdate dihydrate market, projecting a market value exceeding $2 billion by 2030. We examine key trends, growth drivers, and challenges impacting this vital chemical compound, crucial for diverse industries.

Global Sodium Molybdate comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2024 - 2032. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.

Sodium Molybdate Market size is expected to develop revenue and exponential market growth at a remarkable CAGR during the forecast period from 2025-2032

Sodium Molybdate Market is segmented By Product Type (Crystal and Solution), and Application (Water treatment, Fertilizer, Pigments & Dye, and Corrosion inhibition)

Global Sodium Molybdate Dihydrate market size 2025 was XX Million. Sodium Molybdate Dihydrate Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.