Molybdenum Market Future Scope, Demand and Industry Analysis Report 2034
Molybdenum Market Overview 2024-2034
Molybdenum Market Growth is a metallic element with the atomic number 42 and the chemical symbol Mo. Because of its high melting point, strength, and corrosion resistance, it is frequently found in a variety of minerals. When making steel, molybdenum is frequently added as an alloying agent to increase the material's strength and durability. Among other industries, it is used in lubricants, electronics, and catalysts.
The Molybdenum (Mo) market is anticipated to expand at a 3.6% compound annual growth rate (CAGR) between 2024 and 2034, reaching USD 7,976.43 million in 2034 based on an average growth pattern. In 2024, it is projected that the market will be worth USD 5,375.85 million.
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