Market Forecast By By End Product (Steel, Chemical, Foundry, MO-Metal, Nickel Alloy, Others), By By End-user Industry (Oil and Gas, Chemical and Petrochemical, Automotive, Industrial Usage, Building and Construction, Aerospace and Defense, Others) And Competitive Landscape
Product Code: ETC191954 | Publication Date: May 2022 | Updated Date: Feb 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Brazil Molybdenum Market report thoroughly covers the market by end product and by end-use industry. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Brazil is a leading producer and exporter of molybdenum, a critical metal commonly used in the production of various industrial applications, including high-strength alloys, stainless steel, and lubricants. Also, the rising demand for high-strength alloys and the country's abundant reserves of molybdenum ores. However, the market has several obstacles that need to be overcome to ensure its sustainable growth. The government's initiatives to promote investment in the mining sector and the growing use of molybdenum in the energy and environmental sectors are positive developments.
According to 6Wresearch, the Brazil Molybdenum Market size is projected to widen at a CAGR of 3.9% during the forecast period 2024-2030. The country's growing demand for high-strength alloys in the automotive and aerospace sectors. Additionally, the growing construction sector is increasing the molybdenum demand backed by its use in the production of high-strength steels, which are widely employed in the construction of bridges, buildings, and other infrastructure projects. Despite the enormous growth, the Brazil Molybdenum industry faces several challenges that could hamper its growth. Such as the lack of investment in exploration and production of molybdenum ores and an intense competition from Chinese producers. Despite these challenges, some ongoing trends are estimated to surge the market growth such as the increased demand for molybdenum in the energy and environmental sectors as it is used in the production of wind turbines and solar panels, which are gaining popularity in Brazil due to the government's efforts to increase the share of renewable energy sources in the country's energy mix. Another trend is the growing oil and gas industry is creating high demand for molybdenum required to produce high-strength alloys that can withstand the extreme conditions of deep-water drilling.
The Brazilian government has been supporting the Brazil Molybdenum Market groth. For instance, the National Mineral Production Department (DNPM) has streamlined the licensing process for mining and exploration activities, making it easier for investors to obtain mining permits. The government has also encouraged investment by providing tax incentives in the mining and mineral processing sectors, which could benefit molybdenum producers.
The Brazilian molybdenum market is dominated by a few key players, including Mantiqueira Mineração, Anglo American, and Votorantim Metais. These are the leading producers and exporters in the country.
According to Ravi Bhandari, Research Head, 6Wresearch, MO-Metal has emerged as the only growing sector in the Brazil Molybdenum Market. The demand for MO-Metal is influenced by growing application across various industries such as the aerospace, defence, and petrochemical industries.
Based on the end use industry, the years, the building, and construction industry are leading and driving demand for the mineral. Molybdenum has become an essential component in the development of Brazil's infrastructure plan, and the use of high-performance alloys in construction has made it possible to build stronger, and more sustainable buildings.
The report offers a comprehensive study of the subsequent market segments:
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 Brazil Molybdenum Market Overview |
3.1 Brazil Country Macro Economic Indicators |
3.2 Brazil Molybdenum Market Revenues & Volume, 2020 & 2030F |
3.3 Brazil Molybdenum Market - Industry Life Cycle |
3.4 Brazil Molybdenum Market - Porter's Five Forces |
3.5 Brazil Molybdenum Market Revenues & Volume Share, By By End Product, 2020 & 2030F |
3.6 Brazil Molybdenum Market Revenues & Volume Share, By By End-user Industry, 2020 & 2030F |
4 Brazil Molybdenum Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Brazil Molybdenum Market Trends |
6 Brazil Molybdenum Market, By Types |
6.1 Brazil Molybdenum Market, By By End Product |
6.1.1 Overview and Analysis |
6.1.2 Brazil Molybdenum Market Revenues & Volume, By By End Product, 2020 - 2030F |
6.1.3 Brazil Molybdenum Market Revenues & Volume, By Steel, 2020 - 2030F |
6.1.4 Brazil Molybdenum Market Revenues & Volume, By Chemical, 2020 - 2030F |
6.1.5 Brazil Molybdenum Market Revenues & Volume, By Foundry, 2020 - 2030F |
6.1.6 Brazil Molybdenum Market Revenues & Volume, By MO-Metal, 2020 - 2030F |
6.1.7 Brazil Molybdenum Market Revenues & Volume, By Nickel Alloy, 2020 - 2030F |
6.1.8 Brazil Molybdenum Market Revenues & Volume, By Others, 2020 - 2030F |
6.2 Brazil Molybdenum Market, By By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Brazil Molybdenum Market Revenues & Volume, By Oil and Gas, 2020 - 2030F |
6.2.3 Brazil Molybdenum Market Revenues & Volume, By Chemical and Petrochemical, 2020 - 2030F |
6.2.4 Brazil Molybdenum Market Revenues & Volume, By Automotive, 2020 - 2030F |
6.2.5 Brazil Molybdenum Market Revenues & Volume, By Industrial Usage, 2020 - 2030F |
6.2.6 Brazil Molybdenum Market Revenues & Volume, By Building and Construction, 2020 - 2030F |
6.2.7 Brazil Molybdenum Market Revenues & Volume, By Aerospace and Defense, 2020 - 2030F |
7 Brazil Molybdenum Market Import-Export Trade Statistics |
7.1 Brazil Molybdenum Market Export to Major Countries |
7.2 Brazil Molybdenum Market Imports from Major Countries |
8 Brazil Molybdenum Market Key Performance Indicators |
9 Brazil Molybdenum Market - Opportunity Assessment |
9.1 Brazil Molybdenum Market Opportunity Assessment, By By End Product, 2020 & 2030F |
9.2 Brazil Molybdenum Market Opportunity Assessment, By By End-user Industry, 2020 & 2030F |
10 Brazil Molybdenum Market - Competitive Landscape |
10.1 Brazil Molybdenum Market Revenue Share, By Companies, 2023 |
10.2 Brazil Molybdenum Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |