Molybdenum oxide production in 2028 is estimated at 228.04,000 tons

In terms of volume, the global molybdenum oxide production was 237.98,000 tons in 2022 and is expected to reach 248.04,040 tons in 2028, at a CAGR of more than 0.75%. In 2022, the global molybdenum oxide market will be led by the Asia-Pacific region, accounting for about 49.93% of the global molybdenum oxide output. Europe is the second largest regional market with her 20.52% production share.

At present, Molibdenos y Metales S.A., Freeport-McMoRan (FCX), Codelco, Jinduicheng Molybdenum Group, China Molybdenum, etc. are major producers of molybdenum oxide. Molibdenos y Metales S.A. is the world market leader, holding a production market share of 24.25% in 2022.

Molybdenum oxide is widely used in application fields, and recently, molybdenum oxide has become more and more important in various fields such as metallurgical industry, chemical industry and so on. Globally, the molybdenum oxide market is mainly driven by increasing demand from the metallurgical industry, which accounts for nearly 79.92% of the downstream consumption of molybdenum oxide.

In the future, the global market is expected to grow significantly due to the increasing applications, so the production of molybdenum oxide will show a steady growth trend in the coming years. Molybdenum oxide production in 2028 is estimated at 248.04,000 tons.

Today’s industrial market is increasingly competitive, and survival requires the ability to reduce costs, increase yields, and increase precision. The ability to drive development and get products to market faster is also important for companies looking to be truly successful. In addition, potential supply changes impact uncertainties on the cost and availability of raw materials and certain components. Raw material costs have a significant impact on the level of expenses. If related factors such as raw material prices and energy prices increase and new companies are unable to pass these price increases on to their customers, the company’s operating results and financial position will deteriorate.

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