Future Market Insights has announced the addition of the “Molybdenum Market Global Industry Analysis and Opportunity Assessment, 2017 - 2026"report to their offering.

Valley Cottage, NY -- (SBWire) -- 04/25/2018 --Molybdenum is anticipated to find extensive application in the oil and gas industry despite the innate cost ramifications associated with industry. Recovering of oil prices and growing stakeholder confidence are two major forces that are expected to support the growth in consumption of molybdenum by the oil & gas industry. Meanwhile, chemicals & petrochemicals and automotive are among the other important end-use industries of molybdenum.

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APEJ to the Spearhead the Global Market for Molybdenum Over 2026: Among regions, Asia-Pacific excluding Japan (APEJ) is likely to remain the most lucrative market for molybdenum during the forecast period. Factors such as robust industrialization and economic growth is likely to favour the consumption of molybdenum in the region over the next couple years. In addition, growth of the steel manufacturing sector in emerging countries such as China and India is expected to have a positive impact on the growth of the market in the region. Europe and North America are the two other important market for molybdenum.

Both the regions are project to exhibit a steady CAGR during the assessment period. Latin America's contribution to the growth of the global market for molybdenum remain negligible during the projection period.On the basis of application the, full alloy segment is expected to remain highly lucrative in 2017 and beyond. Meanwhile, stainless steel will retain the second spot over 2026. Application of molybdenum for stainless steel processing is expected to grow further in the near future owing to product's standout functionalities. HSLA and catalysts will remain the two other key application segments of the market accounting for significant revenue shares throughout the assessment period.

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Competitive Landscape: Leading companies profiled in FMI's report include China Molybdenum Co., Ltd., Jinduicheng Molybdenum Co., Ltd., Compania Minera Dona Ines De Collahuasi S.C.M., Thompson Creek Metals Company Inc., Grupo México, Freeport-McMoRan Inc., BHP Billiton Group, Compañía Minera Antamina S.A., Antofagasta plc, American CuMo Mining Corporation, and S.A.B. de C.V.