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Molybdenum Market Grows with Rising Demand from Steel Production
The global Molybdenum Market was valued at USD 5.13 billion in 2025 and is projected to reach USD 8.69 billion by 2035, growing at a 5.43% CAGR from 2026–2035. Rising demand for high-strength alloys, corrosion-resistant stainless steel, energy infrastructure, automotive components, and advanced industrial materials is driving market growth. North America currently leads the market, while Asia-Pacific is expected to register the fastest growth during the forecast period.
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