Molybdenum Industry on Track for 3.4% Annual Growth, Reaching $8.47 Billion by 2035
Molybdenum Market Introduction 2025-2035
Molybdenum Market Size is expected to experience substantial growth from 2025 to 2035, driven by its widespread applications across multiple industries. By 2025, the market is projected to reach approximately USD 8.47 billion. However, by 2035, it is anticipated to decline to around USD 5.64 billion, reflecting an annual growth rate of 3.4% over the decade.
Molybdenum (Mo) is a metallic element with an atomic number of 42, commonly found in various minerals. Known for its high melting point, strength, and corrosion resistance, it is widely used as an alloying agent in steel production to enhance durability and toughness. Additionally, molybdenum plays a crucial role in industries such as electronics, catalysis, and lubrication.
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Molybdenum Market Introduction 2025-2035
Molybdenum Market Size is expected to experience substantial growth from 2025 to 2035, driven by its widespread applications across multiple industries. By 2025, the market is projected to reach approximately USD 8.47 billion. However, by 2035, it is anticipated to decline to around USD 5.64 billion, reflecting an annual growth rate of 3.4% over the decade.
Molybdenum (Mo) is a metallic element with an atomic number of 42, commonly found in various minerals. Known for its high melting point, strength, and corrosion resistance, it is widely used as an alloying agent in steel production to enhance durability and toughness. Additionally, molybdenum plays a crucial role in industries such as electronics, catalysis, and lubrication.
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07:47 AM - Mar 21, 2025 (UTC)
