Molybdenum Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2026
Molybdenum is used in various sectors including industrial, aerospace, consumer, medical, energy, agricultural and transportation. Molybdenum is a silvery-white hard metal and possesses the sixth highest melting point of any metal and is commonly used in creating high strength alloys and super alloys. When molybdenum is added to steel and cast iron, it brings many desirable properties to them such as improves the hardness, strength and weld ability. It also elevates the temperature strength of steel and makes it corrosion resistant. When molybdenum is added to nickel-based alloys, it brings high-temperature deformation and gives a high resistance to corrosion. The APEJ market is expected to dominate the global molybdenum market in terms of volume in 2017, and the trend is projected to grow throughout the forecast period. The APEJ molybdenum market is the most attractive market, growing at a CAGR of 4.1% over the forecast period. The Oil and Gas is one of the large end-use industri