Market Overview:
The global ammonium heptamolybdate market is expected to grow at a CAGR of 3.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ammonium heptamolybdate in various applications such as petrochemical industry, agrochemical, dyes, and others. In addition, the growing demand for molybdenum across different industries is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period.
Product Definition:
Ammonium heptamolybdate is an inorganic compound with the formula NH4Mo7O24. It is a light yellow solid that is soluble in water.
It forms upon treatment of molybdenum trioxide with ammonia: MoO3 + 6NH3 → (NH4)6Mo7O24.
This compound finds use as a reagent in analytical chemistry, e.g.
Industrial Grade:
Industrial grade is a high purity form of ammonium heptamolybdate. It has applications in various industries such as agriculture, water treatment, food & beverage and chemical industry. The product finds application as an herbicide in the agricultural industry to control weed growth and for the protection of crops from insects & diseases. In addition, it can be used as a soil fertilizer to enhance crop yield quality and quantity.
Agricultural Grade:
Agricultural grade is a product that has been produced for the sole purpose of supplying fertilizers. It contains an optimum quantity of heptamolybdate which is highly used in the production of ammonium heptamolybdate. The global market for agricultural-grade heptamolybdate is expected to witness significant growth over the forecast period owing to increasing demand from fertilizer manufacturers across various regions including North America, Europe, Asia Pacific and Central & South America.
Application Insights:
The global demand for ammonium heptamolybdate has witnessed a paradigm shift owing to the development of new processes and products in various end-use industries. The major application segments include petrochemical industry, agrochemical, dyes manufacturing and others. Petrochemical emerged as the largest application segment with a volume share of over 50% in 2017.
Petrochemicals are expected to remain the key consumers owing to rising demand for polymers such as polyheptamethylene, polydecamethylene and decalin among others from various sectors such as construction materials, paints & coatings and plastics among others. Ammonium heptamolybdate is used extensively in oil refining process also known as catalytic reforming process where it acts as an intermediate chemical between ammonia gas & heptane gas which is used primarily for lubricant purposes along with other additives like sulfuric acid or phosphoric acid etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to major chemical manufacturing companies, which are increasingly focusing on product innovation. Growing demand for ammonium heptamolybdate from various end-use industries such as petrochemicals, agrochemicals, dyes coupled with low production cost in this region will augment industry growth over the coming years.
China was estimated as a largest producer of ammonium heptamolybdate globally due to easy availability of raw materials coupled with cheap labor costs in this country. However, recent regulatory scenario has made it challenging for Chinese manufacturers owing to increasing environmental regulations by various agencies such as State Environmental Protection Administration (SEPA) and Ministry of Environmental Protection (MEP). This regulatory scenario is likely to get worse during 2018-19 financial year due to COVID 19 pandemic situation across China which may result into severe disruption at port/airport etc.
Growth Factors:
- Increasing demand for ammonium heptamolybdate in various end-use industries such as chemical, metallurgical, and others is expected to drive the market growth.
- Growing demand for molybdenum from various end-use industries is another key factor that would fuel the market growth over the forecast period.
- Rising awareness about benefits of using ammonium heptamolybdate is anticipated to propel the market growth in near future.
- Technological advancements in production process of ammonium heptamolybdate is projected to create new opportunities for this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ammonium Heptamolybdate Market Research Report
By Type
Industrial Grade, Agricultural Grade
By Application
Petrochemical Industry, Agrochemical, Dyes, Others
By Companies
Molibdenos y Metales S.A., Climax Molybdenum Company, NIPPON INORGANIC COLOUR & CHEMICAL, Rubamin, TAIYO KOKO, Jinduicheng Molybdenum Group, China Molybdenum, Anqing Yuetong Molybdenum, Taizhou Anda Nonferrous Metals, Henan Energy And Chemical Industry Group, Molibdenos y Metales S.A., Jiangsu Dongtai Fengfeng Tungsten & Molybdenum,Material, Taizhou Best Molybdenum Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Ammonium Heptamolybdate Market Report Segments:
The global Ammonium Heptamolybdate market is segmented on the basis of:
Types
Industrial Grade, Agricultural Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Petrochemical Industry, Agrochemical, Dyes, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Molibdenos y Metales S.A.
- Climax Molybdenum Company
- NIPPON INORGANIC COLOUR & CHEMICAL
- Rubamin
- TAIYO KOKO
- Jinduicheng Molybdenum Group
- China Molybdenum
- Anqing Yuetong Molybdenum
- Taizhou Anda Nonferrous Metals
- Henan Energy And Chemical Industry Group
- Molibdenos y Metales S.A.
- Jiangsu Dongtai Fengfeng Tungsten & Molybdenum,Material
- Taizhou Best Molybdenum Products
Highlights of The Ammonium Heptamolybdate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Agricultural Grade
- By Application:
- Petrochemical Industry
- Agrochemical
- Dyes
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ammonium Heptamolybdate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ammonium heptamolybdate is a salt of ammonium and heptamolybdenum. It is used in medicine as an antiseptic, to treat burns, and to prevent infection.
Some of the major players in the ammonium heptamolybdate market are Molibdenos y Metales S.A., Climax Molybdenum Company, NIPPON INORGANIC COLOUR & CHEMICAL, Rubamin, TAIYO KOKO, Jinduicheng Molybdenum Group, China Molybdenum, Anqing Yuetong Molybdenum, Taizhou Anda Nonferrous Metals, Henan Energy And Chemical Industry Group, Molibdenos y Metales S.A., Jiangsu Dongtai Fengfeng Tungsten & Molybdenum,Material, Taizhou Best Molybdenum Products.
The ammonium heptamolybdate market is expected to register a CAGR of 3.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ammonium Heptamolybdate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ammonium Heptamolybdate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ammonium Heptamolybdate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ammonium Heptamolybdate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ammonium Heptamolybdate Market Size & Forecast, 2020-2028
4.5.1 Ammonium Heptamolybdate Market Size and Y-o-Y Growth
4.5.2 Ammonium Heptamolybdate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Industrial Grade
5.2.2 Agricultural Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Petrochemical Industry
6.2.2 Agrochemical
6.2.3 Dyes
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ammonium Heptamolybdate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ammonium Heptamolybdate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Industrial Grade
9.6.2 Agricultural Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Petrochemical Industry
9.10.2 Agrochemical
9.10.3 Dyes
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Industrial Grade
10.6.2 Agricultural Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Petrochemical Industry
10.10.2 Agrochemical
10.10.3 Dyes
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Industrial Grade
11.6.2 Agricultural Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Petrochemical Industry
11.10.2 Agrochemical
11.10.3 Dyes
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Industrial Grade
12.6.2 Agricultural Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Petrochemical Industry
12.10.2 Agrochemical
12.10.3 Dyes
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Industrial Grade
13.6.2 Agricultural Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Petrochemical Industry
13.10.2 Agrochemical
13.10.3 Dyes
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ammonium Heptamolybdate Market: Competitive Dashboard
14.2 Global Ammonium Heptamolybdate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Molibdenos y Metales S.A.
14.3.2 Climax Molybdenum Company
14.3.3 NIPPON INORGANIC COLOUR & CHEMICAL
14.3.4 Rubamin
14.3.5 TAIYO KOKO
14.3.6 Jinduicheng Molybdenum Group
14.3.7 China Molybdenum
14.3.8 Anqing Yuetong Molybdenum
14.3.9 Taizhou Anda Nonferrous Metals
14.3.10 Henan Energy And Chemical Industry Group
14.3.11 Molibdenos y Metales S.A.
14.3.12 Jiangsu Dongtai Fengfeng Tungsten & Molybdenum,Material
14.3.13 Taizhou Best Molybdenum Products
