Molybdenum Market Projected to Reach USD 500 Billion by 2033, Driven by Steel Industry Demand and Electronic Applications

The molybdenum market is experiencing substantial growth, with its size projected to reach USD 316.0 billion in 2023 and surge to USD 500 billion by 2033. This impressive increase is driven by a robust CAGR of 4.7% throughout the forecast period. The expanding demand for molybdenum, a key element in steel alloys and high-performance materials, …