Market Overview:
The global high purity ferromolybdenum market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for ferromolybdenum in various applications, such as military, automotive, processing and manufacturing, and other applications. Ferromolybdenum is used as an alloying agent in steel production owing to its superior properties such as resistance against wear and tear, corrosion resistance, and toughness. It also helps in improving the machinability of steel products. These factors are expected to drive the demand for high purity ferromolybdenum during the forecast period.
Product Definition:
Ferromolybdenum is a ferrous alloy with molybdenum as the main component. It has high strength and toughness, good resistance to wear and corrosion, and good machinability. It is widely used in various industries.
Powder:
Powder is a mixture of ferromolybdenum and iron powder. It acts as an intermediate material in the production of steel, cement, and other products. The global demand for powder is expected to witness significant growth on account of growing industrialization in emerging economies such as China & India coupled with increasing construction activities across the globe.
Lump:
Lump is a by-product of the manufacturing process of high purity ferromolybdenum. It is also known as brown wollastonite or refractory clay. Lump can be used in various applications such as in the production of bricks, tiles, and pottery along with fireclay pipes and chimneys which are further used for cooking fires across Asia Pacific region.
Application Insights:
High purity ferromolybdenum is used in various applications including milling, automotive, processing and manufacturing, other. Other application segments include energy and power generation. The milling segment dominated the global market accounting for a share of over 45% in 2017 owing to its usage as an alloy modifier in steel alloys used for construction of machine tools. It also finds application as a strengthening agent in tool steels that are utilized for drilling and grinding operations.
The automotive industry is expected to emerge as one of the key end-use markets over the forecast period on account of increasing demand from China, India & South East Asia regions due to rising middle-class population coupled with growing disposable income levels thereon.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and accounted for a revenue share of over 45%. The region is expected to continue its dominance over the forecast period. This can be attributed to growing demand from end-use industries, such as automotive, electronics, machinery and chemical. In addition, increasing foreign investments coupled with favorable government policies are anticipated to drive the regional market growth.
The European high purity ferromolybdenum industry is projected to witness significant growth during the forecast period owing to rising military expenditure coupled with stringent environmental regulations by various regulatory bodies such as ECHA (European Chemicals Agency) and EPA (Environment Protection Agency). Increasing production capacities of major automobile manufacturers in Europe are also likely boost product demand across this region.
North America emerged as one of the most promising regions for high purity ferromolybdenum market during 2017 due to rapid industrialization along with increasing investments in aerospace & defense sector by U.S.-based companies like Boeing Co.
Growth Factors:
- Increasing demand for high purity ferromolybdenum in various end-use industries such as aerospace, automotive, and energy due to its superior properties
- Growing investments in research and development activities for the enhancement of the properties of high purity ferromolybdenum
- Rising popularity of molybdenum alloys owing to their excellent mechanical properties
- Increasing demand for high purity ferromolybdenum from emerging economies such as China and India
- Technological advancements that have led to the development of new applications for high purity ferromolybdenum
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Ferromolybdenum Market Research Report
By Type
Powder, Lump, Pieces
By Application
Millitery, Automotive, Processing and Manufacturing, Other
By Companies
American Elements, Freeport-McMoRan, China Molybdenum, JINDUICHENG MOLYBDENUM, Molymet, JAYESH, New China Dragon, Moly Metal LLP, Huludao Wonful
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Ferromolybdenum Market Report Segments:
The global High Purity Ferromolybdenum market is segmented on the basis of:
Types
Powder, Lump, Pieces
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
Millitery, Automotive, Processing and Manufacturing, Other
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:
- American Elements
- Freeport-McMoRan
- China Molybdenum
- JINDUICHENG MOLYBDENUM
- Molymet
- JAYESH
- New China Dragon
- Moly Metal LLP
- Huludao Wonful
Highlights of The High Purity Ferromolybdenum 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:
- Powder
- Lump
- Pieces
- By Application:
- Millitery
- Automotive
- Processing and Manufacturing
- Other
- 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 High Purity Ferromolybdenum 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
High Purity Ferromolybdenum is a type of ferromolybdenum that has been processed to remove any impurities. This makes it a more pure form of the metal, which makes it easier to work with and allows for better performance in various applications.
Some of the major players in the high purity ferromolybdenum market are American Elements, Freeport-McMoRan, China Molybdenum, JINDUICHENG MOLYBDENUM, Molymet, JAYESH, New China Dragon, Moly Metal LLP, Huludao Wonful.
The high purity ferromolybdenum market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Ferromolybdenum 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 High Purity Ferromolybdenum Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Ferromolybdenum 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 High Purity Ferromolybdenum 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 High Purity Ferromolybdenum Market Size & Forecast, 2020-2028
4.5.1 High Purity Ferromolybdenum Market Size and Y-o-Y Growth
4.5.2 High Purity Ferromolybdenum 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 Powder
5.2.2 Lump
5.2.3 Pieces
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 Millitery
6.2.2 Automotive
6.2.3 Processing and Manufacturing
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Ferromolybdenum 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 High Purity Ferromolybdenum 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 Powder
9.6.2 Lump
9.6.3 Pieces
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 Millitery
9.10.2 Automotive
9.10.3 Processing and Manufacturing
9.10.4 Other
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 Powder
10.6.2 Lump
10.6.3 Pieces
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 Millitery
10.10.2 Automotive
10.10.3 Processing and Manufacturing
10.10.4 Other
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 Powder
11.6.2 Lump
11.6.3 Pieces
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 Millitery
11.10.2 Automotive
11.10.3 Processing and Manufacturing
11.10.4 Other
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 Powder
12.6.2 Lump
12.6.3 Pieces
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 Millitery
12.10.2 Automotive
12.10.3 Processing and Manufacturing
12.10.4 Other
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 Powder
13.6.2 Lump
13.6.3 Pieces
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 Millitery
13.10.2 Automotive
13.10.3 Processing and Manufacturing
13.10.4 Other
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 High Purity Ferromolybdenum Market: Competitive Dashboard
14.2 Global High Purity Ferromolybdenum Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Elements
14.3.2 Freeport-McMoRan
14.3.3 China Molybdenum
14.3.4 JINDUICHENG MOLYBDENUM
14.3.5 Molymet
14.3.6 JAYESH
14.3.7 New China Dragon
14.3.8 Moly Metal LLP
14.3.9 Huludao Wonful
