QYR: The production of Molybdenum Powder
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QYR: The production of Molybdenum Powder is expected to be 836.81 Million USD in 2022
Molybdenum (Mo) is a silvery-white shiny metal, hard but at the same time softer and more flexible than tungsten. It has an excellent resistance to corrosion, good wear and resistance to abrasion, and superior thermal and electrical properties. It is an essential element when it comes to alloys, as it enhances hardenability and persistence of tempered and destroyed steels.
According to QYResearch, In the last six years, the development of global Molybdenum Powder industry market is stable at an average growth rate of 4.98% (Revenue). In 2016, the global Molybdenum Powder Industry market was more than 641.23 Million USD, the production of Molybdenum Powder was about 18018.1 MT, while it is expected to be 836.81 Million USD in 2022.
Molybdenum Powder product demand market has a certain space, but basically showing the scarcity of high-end products, low-end products, excess capacity, there is a large market demand for high-end products to seize market share, local enterprises export more low-end products over capacity or molding process basic Materials.
In 2016, Europe is the largest supplier with Production market share of 35.69% in 2016, and Europe is the consumption market of Molybdenum Powder with Consumption market share of 34.75% due to the great demand.
In recent years, the price of Molybdenum Powder is increasing slowly due to the limited resources.
As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. Currently, the Chinese Molybdenum Powder industry begins to transit to high-end Molybdenum Powder products, as well as extends in the resource-rich land and downstream industry chain. All manufactures in the world are committed to the improvement of product. These two years, some Chinese manufactures can almost catch up with the world's leading technology too.
Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area; there will be more investments to enter the field.
QYR tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.