Product Code: ETC191976 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The India molybdenum market import shipment demonstrated robust growth from 2020 to 2024, with a notable CAGR of 47.3%. The growth momentum continued into the following year, with a growth rate of 15.5% between 2023 and 2024. The market expanded significantly, indicating a strong upward trend in demand during the period.
Molybdenum is an essential trace element used in several industrial applications ranging from steel alloys to lubricants. In India, the molybdenum market size was valued at USD 136.2 million and is estimated to reach USD 165.4 million by 2031, with a growth rate of 3.06% during the forecast period (2025-2031). Rise in demand for molybdenum from various end user industries like construction & fabrication and automotive industry are expected to boost the growth of India Molybdenum Market over the forecast period.
The major drivers for increasing demand of molybdenum include growing end-user industries such as energy, aerospace & defense, electronics and chemicals; increased usage of stainless steel in consumer goods; rising investment in infrastructure projects; growing demand for lighter weight materials for automobiles; surging technological advancements;and improving economic conditions across developing countries such as China, India etc which are fueling its demand even further. Additionally, factors like rapid urbanization and increase in disposable income has pushed up consumption levels significantly leading to higher production volumes thus resulting into increased use of molybdenum alloys products manufactured therein.
High cost associated with extraction process coupled with stringent government regulations may restrict new investments into this sector thereby hampering its overall growth potentials. Rising environmental concerns related to its disposal have also raised certain apprehensions amongst stakeholders thus affecting their willingness towards investing more funds or resources into this sector. Moreover , volatility in prices due to high degree uncertainty arising out due sudden rise or fall of supply might act as restraint on market???s progress over near term future outlook. The coronavirus pandemic has also had a negative impact on the global economy impacting many sectors including metals & mining sector which have experienced significant disruption both financially and operations wise posing risk onto businesses worldwide seeking returns through investments made in them.
Some key players operating within India Molybdenum Market includes Jindal Steel & Power Ltd., Hindalco Industries Limited , Vedanta Resources plc , JSW Steel Ltd., Norilsk Nickel Co., Nucor Corporation , POSCO Group , Sumitomo Metal Mining Co.,Ltd., Outokumpu Oyj , Freeport McMoRan Incorporated etc among others. Competition remains intense within domestic space characterized by presence large number participants vying share revenues pie generated via sale different types products available
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Molybdenum Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Molybdenum Market Revenues & Volume, 2021 & 2031F |
3.3 India Molybdenum Market - Industry Life Cycle |
3.4 India Molybdenum Market - Porter's Five Forces |
3.5 India Molybdenum Market Revenues & Volume Share, By End Product, 2021 & 2031F |
3.6 India Molybdenum Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 India Molybdenum Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in industrial activities in India, leading to increased demand for molybdenum in manufacturing sectors. |
4.2.2 Rising infrastructure development projects in India, driving the need for molybdenum in construction and engineering applications. |
4.2.3 Technological advancements in molybdenum production and processing, improving efficiency and reducing costs. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of molybdenum in the global market, impacting the profitability of Indian molybdenum producers. |
4.3.2 Regulatory challenges and compliance requirements affecting molybdenum mining and extraction in India. |
5 India Molybdenum Market Trends |
6 India Molybdenum Market, By Types |
6.1 India Molybdenum Market, By End Product |
6.1.1 Overview and Analysis |
6.1.2 India Molybdenum Market Revenues & Volume, By End Product, 2021-2031F |
6.1.3 India Molybdenum Market Revenues & Volume, By Steel, 2021-2031F |
6.1.4 India Molybdenum Market Revenues & Volume, By Chemical, 2021-2031F |
6.1.5 India Molybdenum Market Revenues & Volume, By Foundry, 2021-2031F |
6.1.6 India Molybdenum Market Revenues & Volume, By MO-Metal, 2021-2031F |
6.1.7 India Molybdenum Market Revenues & Volume, By Nickel Alloy, 2021-2031F |
6.1.8 India Molybdenum Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Molybdenum Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 India Molybdenum Market Revenues & Volume, By Oil and Gas, 2021-2031F |
6.2.3 India Molybdenum Market Revenues & Volume, By Chemical and Petrochemical, 2021-2031F |
6.2.4 India Molybdenum Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.5 India Molybdenum Market Revenues & Volume, By Industrial Usage, 2021-2031F |
6.2.6 India Molybdenum Market Revenues & Volume, By Building and Construction, 2021-2031F |
6.2.7 India Molybdenum Market Revenues & Volume, By Aerospace and Defense, 2021-2031F |
7 India Molybdenum Market Import-Export Trade Statistics |
7.1 India Molybdenum Market Export to Major Countries |
7.2 India Molybdenum Market Imports from Major Countries |
8 India Molybdenum Market Key Performance Indicators |
8.1 Average selling price of molybdenum in the Indian market. |
8.2 Rate of adoption of molybdenum in new applications or industries in India. |
8.3 Investment in research and development for molybdenum-related technologies in India. |
9 India Molybdenum Market - Opportunity Assessment |
9.1 India Molybdenum Market Opportunity Assessment, By End Product, 2021 & 2031F |
9.2 India Molybdenum Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 India Molybdenum Market - Competitive Landscape |
10.1 India Molybdenum Market Revenue Share, By Companies, 2024 |
10.2 India Molybdenum Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |