Molybdenum Oxide Market Insight and Forecast 2023–2030
Molybdenum Oxide Market Insight and Forecast 2023–2030
The Molybdenum Oxide Market is expected to grow from USD 7.80 Billion in 2022 to USD 4.70 Billion by 2030, at a CAGR of -7.00% during the forecast period.
What is Molybdenum Oxide?
Molybdenum oxide is used in multiple industries including metallurgy and chemicals due to its high melting point and strength.
Molybdenum Oxide Market Size
The global market for molybdenum oxide is segmented by type (technical molybdenum oxide and high pure molybdenum oxide), application (metallurgy industry, chemical industry, and others), and region (North America, Asia Pacific, Middle East, Africa, Australia and Europe). Key market players include Molibdenos y Metales S.A, Freeport-McMoRan (FCX), Codelco, Centerra Gold, Grupo Mexico, Rio Tinto Kennecott, SeAH M&S, Jinduicheng Molybdenum Group, China Molybdenum, Jinzhou New China Dragon Moly, and Linghai Hengtai Molybdenum. Regulatory and legal factors specific to market conditions include government regulations on mining and production of molybdenum oxide, as well as the impact of global trade agreements on pricing and demand.
Molybdenum Oxide Market Segment Analysis
The latest trend followed by the Molybdenum Oxide market is the increasing use of Molybdenum Oxide in the production of nanomaterials. Nanomaterials are used in various applications such as sensors, catalysts, and electronic devices, and the demand for these materials is expected to increase significantly in the coming years.
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