몰리브덴 시장 - 세계 산업 규모, 점유율, 동향, 기회, 예측 : 판매 채널, 최종 용도, 지역별, 경쟁(2021-2031년)

The Global Molybdenum Market is projected to expand from USD 10368.21 Million in 2025 to USD 14142.35 Million by 2031, exhibiting a Compound Annual Growth Rate (CAGR) of 5.31%. Molybdenum, a refractory metallic element, is primarily used as an alloying agent to improve the hardenability, strength, and corrosion resistance of steel, cast iron, and superalloys. The market's growth is fundamentally driven by the critical demand from global construction and energy sectors for high-performance stainless steels and their indispensable role in robust infrastructure development. These industrial necessities establish a consistent demand base, independent of fleeting trends or shifting consumer preferences, with global molybdenum usage increasing 3% to 648.4 million pounds in 2024, according to the International Molybdenum Association.

Despite this strong demand, a significant challenge hindering market expansion stems from inherent supply chain volatility, largely due to geopolitical trade tensions and export restrictions. As molybdenum production is highly concentrated in specific geographical areas, any disruption in trade relations or regulatory frameworks can lead to unpredictable price fluctuations and availability issues. This instability complicates manufacturers' long-term procurement strategies and poses a critical impediment to sustained market development.

Market Driver

The primary driver for the molybdenum market is the escalating global demand for stainless steel and specialty alloys, particularly as industrial standards increasingly require materials with superior corrosion and high-temperature resistance. Molybdenum is a crucial alloying element in Grade 316 stainless steel and various superalloys, which are vital for severe environments such as seawater desalination plants and chemical processing facilities. This dependence is most evident in major industrial economies where infrastructure upgrades and manufacturing expansion are accelerating. For instance, China, the world's largest consumer, saw its molybdenum consumption rise by 10% to 305 million pounds in 2024, highlighting the significant role of the Asian manufacturing sector in global consumption, as reported by the International Molybdenum Association in April 2025.

Concurrently, the burgeoning demand for molybdenum in renewable energy applications is reshaping the market's future trajectory, driven by the global shift towards low-carbon power generation. Offshore wind energy technologies, for example, require high-strength steel gearboxes and structural components capable of withstanding extreme mechanical stress, directly increasing the need for molybdenum-bearing steels. The Global Wind Energy Council projected in September 2025 that 350 GW of offshore wind capacity will be installed between 2025 and 2034, creating a substantial new avenue for molybdenum uptake, according to Argus Media. In response to these evolving needs, global molybdenum production increased by 1% to 165.4 million pounds in the first quarter of 2025, signaling the industry's measured response to these dual demand pressures, as per the International Molybdenum Association.

Market Challenge

The foremost impediment to the Global Molybdenum Market's expansion is the intrinsic volatility within its supply chain, significantly amplified by geopolitical trade tensions and stringent export restrictions. Given that molybdenum production is heavily concentrated in a select few regions, the market is exceptionally susceptible to localized disruptions and shifts in trade policies. When diplomatic relations deteriorate or regulatory frameworks tighten in these key production hubs, the international availability of molybdenum becomes unpredictable. This uncertainty forces downstream manufacturers into a high-risk operational environment, transforming raw material procurement into a logistical challenge rather than a predictable process, thereby directly undermining the stability essential for consistent market growth.

This instability creates a disconnect between growing industrial requirements and actual material availability, preventing the market from fully capitalizing on demand from critical sectors like energy and infrastructure. Such supply-side constraints inevitably lead to price turbulence, making it difficult for end-users to forecast costs or commit to long-term projects. Recent industry data underscores this production precariousness: global production remained static at 167.8 million pounds in the third quarter of 2025, while South American production specifically declined by 6% compared to the prior year's same period, as reported by the International Molybdenum Association. This stagnation and regional decrease, occurring amidst rising usage, clearly demonstrate how supply limitations directly hinder the market's capacity for effective scaling.

Market Trends

The integration of molybdenum-based catalysts in green hydrogen electrolyzers is accelerating as the energy sector actively seeks cost-effective and durable alternatives to platinum group metals for large-scale hydrogen production. Molybdenum disulfide and specialized molybdenum-alloyed steels are increasingly vital components in electrolyzers, valued for their resilience in corrosive alkaline environments and under high current densities necessary for water splitting. This technological adoption is robustly supported by substantial capital investments in hydrogen infrastructure, establishing a new, high-value demand stream for the metal beyond traditional steelmaking. The International Energy Agency reported in June 2025 that global investment in clean hydrogen technologies is projected to surge by 70% to nearly $8 billion in 2025, highlighting the rapid financial mobilization scaling this molybdenum-intensive application.

Simultaneously, the development of molybdenum-enriched alloys for Small Modular Nuclear Reactors (SMRs) is redefining material requirements within the power generation industry. Unlike conventional plants, these compact reactors operate under intensified neutron flux and thermal stress, necessitating containment materials with superior creep resistance and structural integrity. Advanced molybdenum-steel blends are specifically fulfilling these critical roles. This development phase is marked by a proliferation of competing engineering approaches, each demanding specialized alloy formulations to ensure long-term safety and performance. According to the Nuclear Business Platform in January 2025, the global landscape for these next-generation reactors now features over 80 diverse designs, indicating a broad innovation cycle that is progressively deepening the sector's reliance on molybdenum-enhanced metallurgy.

Key Market Players

• China Molybdenum Co., Ltd.
• Freeport-McMoRan Inc.
• Grupo Mexico, S.A.B. de C.V.
• Antofagasta plc
• Rio Tinto plc
• BHP Group Limited
• KGHM Polska Miedz S.A.
• Southern Copper Corporation
• Teck Resources Limited
• Codelco - Corporacion Nacional del Cobre de Chile

Report Scope

In this report, the Global Molybdenum Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Molybdenum Market, By Sales Channel

• Direct
• Indirect

Molybdenum Market, By End Use

• Engineering Steel
• Chemicals
• Electronics & Semiconductors
• Aerospace
• Others

Molybdenum Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Molybdenum Market.

Available Customizations:

Global Molybdenum Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Molybdenum Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Sales Channel (Direct, Indirect)
  • 5.2.2. By End Use (Engineering Steel, Chemicals, Electronics & Semiconductors, Aerospace, Others)
  • 5.2.3. By Region
  • 5.2.4. By Company (2025)
• 5.3. Market Map

6. North America Molybdenum Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Sales Channel
  • 6.2.2. By End Use
  • 6.2.3. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Molybdenum Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Sales Channel
      • 6.3.1.2.2. By End Use
  • 6.3.2. Canada Molybdenum Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Sales Channel
      • 6.3.2.2.2. By End Use
  • 6.3.3. Mexico Molybdenum Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Sales Channel
      • 6.3.3.2.2. By End Use

7. Europe Molybdenum Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Sales Channel
  • 7.2.2. By End Use
  • 7.2.3. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Molybdenum Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Sales Channel
      • 7.3.1.2.2. By End Use
  • 7.3.2. France Molybdenum Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Sales Channel
      • 7.3.2.2.2. By End Use
  • 7.3.3. United Kingdom Molybdenum Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Sales Channel
      • 7.3.3.2.2. By End Use
  • 7.3.4. Italy Molybdenum Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Sales Channel
      • 7.3.4.2.2. By End Use
  • 7.3.5. Spain Molybdenum Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Sales Channel
      • 7.3.5.2.2. By End Use

8. Asia Pacific Molybdenum Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Sales Channel
  • 8.2.2. By End Use
  • 8.2.3. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Molybdenum Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Sales Channel
      • 8.3.1.2.2. By End Use
  • 8.3.2. India Molybdenum Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Sales Channel
      • 8.3.2.2.2. By End Use
  • 8.3.3. Japan Molybdenum Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Sales Channel
      • 8.3.3.2.2. By End Use
  • 8.3.4. South Korea Molybdenum Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Sales Channel
      • 8.3.4.2.2. By End Use
  • 8.3.5. Australia Molybdenum Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Sales Channel
      • 8.3.5.2.2. By End Use

9. Middle East & Africa Molybdenum Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Sales Channel
  • 9.2.2. By End Use
  • 9.2.3. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Molybdenum Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Sales Channel
      • 9.3.1.2.2. By End Use
  • 9.3.2. UAE Molybdenum Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Sales Channel
      • 9.3.2.2.2. By End Use
  • 9.3.3. South Africa Molybdenum Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Sales Channel
      • 9.3.3.2.2. By End Use

10. South America Molybdenum Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Sales Channel
  • 10.2.2. By End Use
  • 10.2.3. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Molybdenum Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Sales Channel
      • 10.3.1.2.2. By End Use
  • 10.3.2. Colombia Molybdenum Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Sales Channel
      • 10.3.2.2.2. By End Use
  • 10.3.3. Argentina Molybdenum Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Sales Channel
      • 10.3.3.2.2. By End Use

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Molybdenum Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. China Molybdenum Co., Ltd.
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Freeport-McMoRan Inc.
• 15.3. Grupo Mexico, S.A.B. de C.V.
• 15.4. Antofagasta plc
• 15.5. Rio Tinto plc
• 15.6. BHP Group Limited
• 15.7. KGHM Polska Miedz S.A.
• 15.8. Southern Copper Corporation
• 15.9. Teck Resources Limited
• 15.10. Codelco - Corporacion Nacional del Cobre de Chile

16. Strategic Recommendations

17. About Us & Disclaimer