Molybdenum Category Intelligence
Report Coverage
- Market Analysis
- Market Drivers and Constraints
- Cost and Pricing Analysis
- Price Drivers
Production Size
Global Production Size/ Capacity
301 TMT (2020E)
CAGR
4 percent (2020–2025)
US Production Size
44 TMT
Mexico Production Size
16 TMT
Molybdenum Market Trends
Category Intelligence on Molybdenum covers the following
- Information relating to market, supply, cost, and pricing analysis
- Hard to find data on cost and TCO models, supplier details, and performance benchmarks
- Macroeconomic and regional trends impacting cost, supply, and other market dynamics
- Category-specific negotiation and sourcing advice
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Industry Outlook & Drivers
Molybdenum Global Market Outlook:
Market Overview:
Global Molybdenum demand: 297 TMT (2020E)
CAGR of 4 percent (2020–2025)
Market Drivers:
- Steel Industry
- Automotive Industry
- Oil & Gas and Petrochemicals
Porter's Analysis on Molybdenum
Supplier Power
- Supplier power is medium to high, as the top five suppliers account for approx. 47 percent of the total global molybdenum production
- This will be offset slightly by commoditized nature of molybdenum at a global level
- This trend is not expected to change in the upcoming years
Barriers to New Entrants
- Production of molybdenum is capital intensive process and requires high upfront cost
- The existing players also have robust distribution networks, whereas the new players have to make significant investments for the same
- Large economies of scale and requirement of technical expertise deter new entrants and hence, barriers to new entrants in the market is high
Intensity of Rivalry
- The intensity of rivalry is expected to be high in upcoming years among the mining companies
- Most of the molybdenum producers are backward integrated, having their own source of raw materials
- This would lead to further intensity of rivalry among the market suppliers
Threat of Substitutes
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Boron, chromium, niobium (columbium), and vanadium in alloy steels
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Tungsten in tool steels
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Graphite, tantalum, and tungsten for refractory materials in high-temperature electric furnaces
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Cadmium-red, chrome-orange, and organic- orange pigments for molybdenum orange
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Overall the threat of substitute is medium to low
Buyer Power
- Buyer power is medium, owing to main use in steel and alloys products. This is slightly offset by demand from different types of end-use industries ranging from power to chemicals
- No sector has very high buying power while procuring molybdenum
