The molybdenum market size is projected to be valued at USD 316.0 billion in 2023 and is expected to rise to USD 500 billion by 2033. The sales of molybdenum are anticipated to grow at a significant CAGR of 4.7% during the forecast period. The increasing use of molybdenum in electronics, electrical devices, and medical …
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Molybdenum Market Anticipates Robust Growth Amid Increasing Demand Across Various Applications
The global molybdenum market is poised for significant expansion over the next decade, driven by rising demand across various industries and innovative applications. Molybdenum, a versatile and highly valuable metal, is finding increased utilization in sectors ranging from construction and automotive to electronics and energy. This surge in demand is projected to propel the market …