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Molybdic Acid Market
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Molybdic Acid Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1309043, Published - January 2025

Segmented in Industry Use (Chemical Facilities, Laboratories, Pharmaceutical Companies, Industrial Manufacturing), Product Type (Pure, Modified, Mixed), Distribution Channel, Application and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Molybdic Acid Market Outlook

The market, for Molybdic acid was estimated at $205.3 million in 2024; and it is anticipated to increase to $270.4 million by 2030 with projections indicating a growth to around $340.3 million by 2035. This expansion represents a compound annual growth rate (CAGR) of 4.7% over the forecast period.

The consistent rate of expansion reveals opportunities within both immediate and future market progressions. This compound plays a role in various industries by being an essential element in production processes for manufacturing and serving a wide range of functions in laboratory settings and petrochemical operations. It stands out as a contributor to driving innovation and strengthening infrastructure within specific sectors while solidifying its importance, in the worldwide market landscape.


Molybdic acid is a crystal substance known for its white to pale yellow color and ability to dissolve in water that has been showing significant progress in various industries lately. It is widely used in making paints and dyes and in producing molybdenum compounds well as serving as a catalyst to speed up chemical reactions. The growing global need, for high quality petrochemical products and industrial items is driving the market for acid upward. .


Market Size Forecast & Key Insights

2019
$205M2024
2029
$324M2034

Absolute Growth Opportunity = $120M

The Molybdic Acid market is projected to grow from $205.3 million in 2024 to $324 million in 2034. This represents a CAGR of 4.7%, reflecting rising demand across Catalyst, Pharmaceutical Industry and Pigment Production.

The Molybdic Acid market is set to add $120 million between 2024 and 2034, with manufacturer targeting Laboratories & Pharmaceutical Companies Industry Use projected to gain a larger market share.

With Increasing demand in petrochemical industry, and Rise of the agricultural sector, Molybdic Acid market to expand 58% between 2024 and 2034.

Opportunities in the Molybdic Acid Market

Untapped Potential in Agricultural Sector

Molybdic acid plays a yet underutilized role in agriculture when used as a micronutrient in fertilizers The agricultural landscapes in countries such as India that prioritize sustainable farming methods offer great potential for development and expansion, in this area.

Exploitation in Water Treatment and Demand Spike in Semiconductor Industry

The unique chemical properties of acid make it a promising candidate for use in water treatment applications that has not only been fully explored yet. The rising trend indicates a growing interest in utilizing acid as a corrosion inhibitor in water treatment facilities due to its ability to create a protective coating against corrosion. This area shows promise, for growth potential.

The semiconductor sector in China and South Korea is on the brink of an upswing with a sharp rise in demand anticipated for molybdic acid—a key component, in producing molybdenum disulfide transistors as next gen semiconductor tech advances further boosting theindustry'sdependence on this acid and signaling substantial growth ahead.

Growth Opportunities in North America and Asia Pacific

Asia Pacific Outlook

The Asia Pacific region stands out for its prospects in the Molybdic acid market with key players like China and India driving the growth alongside Japan. The increasing industrialization and urban development in these nations have spurred demand for Molybdic acid in the pigment and catalyst industries due to significant investments, in infrastructure projects.

North America Outlook

In North America's market for acid relies heavily on its use in galvanizing and stainless steel industries as the main focus point is here in this region dominated by large manufacturers and a well established industrial sector presenting ample opportunities for using Molybdic acid effectively given the eco friendly corrosion inhibitors required due to strict environmental regulations set by entities like the U. S EPA that have boosted demand for it significantly; despite this positive outlook there are challenges posed by intense competition among major players and fluctuations, in raw material prices that could impact market growth unpredictably. In this region's market scenario is shaped by the growth of the steel sector and the rise in activity alongside a rising interest, in eco friendly goods.

North America Outlook

In North America's market for acid relies heavily on its use in galvanizing and stainless steel industries as the main focus point is here in this region dominated by large manufacturers and a well established industrial sector presenting ample opportunities for using Molybdic acid effectively given the eco friendly corrosion inhibitors required due to strict environmental regulations set by entities like the U. S EPA that have boosted demand for it significantly; despite this positive outlook there are challenges posed by intense competition among major players and fluctuations, in raw material prices that could impact market growth unpredictably. In this region's market scenario is shaped by the growth of the steel sector and the rise in activity alongside a rising interest, in eco friendly goods.

Asia Pacific Outlook

The Asia Pacific region stands out for its prospects in the Molybdic acid market with key players like China and India driving the growth alongside Japan. The increasing industrialization and urban development in these nations have spurred demand for Molybdic acid in the pigment and catalyst industries due to significant investments, in infrastructure projects.

Growth Opportunities in North America and Asia Pacific

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, China, Germany, India, Japan are expected to grow at 3.3% to 4.3% CAGR

2

Emerging Markets : Brazil, Indonesia, South Africa are expected to grow at 5.2% to 6.6% CAGR

Market Analysis Chart

In chemical and manufacturing sectors Molybdic acid plays a crucial role and encounters specific factors that impact its supply and demand trends directly. A key driver for acid in the market is its widespread use in catalyst production. As industries aim to boost efficiency and cut down on production expenses the need for catalysts naturally increases, presentinfavorable market conditions, for Molybdic acid.

Recent Developments and Technological Advancement

December 2024

ChemCo Limited has revealed plans to enlarge its acid manufacturing sites due, to increasing market needs. This move highlights the rising importance of acid within the chemical industry.

November 2024

BioTech Industries introduced Bio Moly as a product derived from Molybdic acid. This advancement solidifies Molybdic acids status as an element, in the field of biotechnology.

October 2024

Global Chemical Inc landed a deal to provide Molybdic acid to several electronics companies—a clear sign of the growing importance of this substance, in the industry.

The importance of acid in different industries remains notable as it impacts market trends and advancements significantly while confirming its high demand persists unchanged over time. The rising use of acid in industrial settings is primarily attributed to its notable features, like potent oxidizing capabilities and ability to create intricate compounds.

Impact of Industry Transitions on the Molybdic Acid Market

As a core segment of the Specialty Chemicals industry, the Molybdic Acid market develops in line with broader industry shifts. Over recent years, transitions such as Transition Towards Green Chemistry and Emphasis on Technological Integration have redefined priorities across the Specialty Chemicals sector, influencing how the Molybdic Acid market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Transition Towards Green Chemistry:

The Molybdic acid industry is undergoing a change towards green chemistry due to increasing environmental consciousness and stricter regulations driving companies to seek sustainable options. Growing awareness and stricter regulations are pushing businesses to look for sustainable alternatives. As an example Molybdic acid is now playing a role in creating eco friendly catalysts for the chemical synthesis sector demonstrating a move towards environmentally friendly practices. This shift signifies a transformation, in the value chain from sourcing raw materials to applications of end products focusing more on operational efficiency and lowering environmental impact.

2

Emphasis on Technological Integration:

There have been changes in the Molybdic acid industry with the advancement of technology playing a key role in this transition. Modern production methods have made it possible to produce high quality acid that is now widely utilized in the production of advanced electronic devices and high tech gadgets. The growing trend of integrating technology is further highlighted by the increasing use of acid in nanotechnology which has paved the way, for new innovative uses and applications of this compound. This change represents a drive for creativity and advancement, in the field to enhance effectiveness and output.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Specialty Chemicals industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Specialty Chemicals industry cascade into the Molybdic Acid market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Increasing Demand in Petrochemical Industry, and Innovation in the Electronic Field

The usage of Molybdic Acid as a catalyst is also widespread in the petroleum and petrochemical industries due to advancements in this field that are also increasing the need for high quality catalysts to enhance refining capabilities and meet fuel quality requirements effectively. The rising trend in the oil and gas sector plays a role in driving the demand, for Molybdic acid as an essential catalyst component thereby significantly boosting its market expansion.
The exceptional conductivity of acid is also crucial in the electronics sector, for creating energy efficient gadgets and cutting edge electronics components amid the fast paced expansion of the industry.
The wide-ranging applications of Molybdic acid in agriculture further stimulate its market. A primary component in plant fertilizers, the compound promotes nitrification and nitrogen fixation, crucial for plant growth. The rising global populace surges the demand for high-quality food and agricultural products, indirectly boosting the need for Molybdic acid.

Restraint: Stringent Regulatory Standards

Stringent environmental and health regulations worldwide have posed a challenge for the molybdic acid market in developed countries. The need for handling and proper disposal of molybdic acid due to its health risks has led to higher expenses for manufacturers. This has resulted in a decrease in market demand for acid. Companies that do not only comply with these regulations may be subject, to significant fines or even suspension. This discourages entrants from entering the market.

Challenge: Fluctuating Raw Material Prices

The fluctuation in prices of the materials needed for making molybdic acid poses a significant challenge in the market as well. Molybdenum is the raw material and its price is influenced by global market changes. Economic uncertainties and geopolitical factors can lead to pricing trends for commodities leading to ambiguity, in molybdic acid production costs.

Supply Chain Landscape

Raw Material Extraction

Freeport-McMoran

Codelco

Primary Manufacturing

Climax Molybdenum

China Molybdenum Co

Secondary Manufacturing
Thailand Smelting and Refining Co / Southern Copper
End Users
H.C. Starck / Toray Advanced Materials
Raw Material Extraction

Freeport-McMoran

Codelco

Primary Manufacturing

Climax Molybdenum

China Molybdenum Co

Secondary Manufacturing

Thailand Smelting and Refining Co

Southern Copper

End Users

H.C. Starck

Toray Advanced Materials

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Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Corrosion Inhibition
Chemical Industry
3M
Continuous research and development for advanced solutions
Catalysts in Petroleum Refining
Oil and Gas Industry
ExxonMobil
Focus on sustainable and efficient refining techniques
Dyes and Pigments
Textile Industry
Huntsman Corporation
Innovation and sustainability in color solutions
Pharmaceutical Applications
Healthcare Industry
Pfizer
Emphasis on comprehensive health solutions offering improved patient care

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Molybdic Acid market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Molybdic Acid in Pharmaceutical Industry, Catalyst and Pigment Production

Pharmaceutical Industry

The pharmaceutical industry uses acids health benefits to enhance enzyme functions, in the human body through its crystalline form known for aiding in nutrient metabolism and overall well being.

Catalyst

Acids natural ability to aid crucial chemical reactions makes it a key catalyst in different industries. Most notably used as a catalyst in the production of petroleum and petrochemicals for its role in improving the efficiency of the hydro cracking process. Big industry names, like BASF and Honeywell UOP take advantage of this characteristic in their processes to maximize the benefits brought by acid.

Pigment Production

The properties of acid are utilized in the production of pigments for ceramics and textiles to meet both aesthetic and practical requirements effectivelyThe anhydrous form of molybdic acid is commonly employed in pigment production due to its excellent coloring capabilities It plays a key role in producing vivid pigments that are long lasting and resistant to high temperatures Prominent companies such, as Heubach GmbH and Ferro Corporation extensively incorporate molybdic acid in their pigment manufacturing operations.

Molybdic Acid vs. Substitutes:
Performance and Positioning Analysis

The widespread use of acid in various industries sets it apart from alternatives such as sodium molybdate due to its enhanced solubility and reactivity levels in the market today. Making it a top choice, for many sectors seeking growth opportunities and innovation potential.

Molybdic Acid
  • Tungstic Acid /
  • Phosphomolybdic Acid /
  • Sodium Molybdate
    High solubility in water, versatile applications in industries like metallurgy and chemical processing
    Toxic on ingestion, can cause environmental
    Lower cost, more availability
    Less effective, swing in market prices

Molybdic Acid vs. Substitutes:
Performance and Positioning Analysis

Molybdic Acid

  • High solubility in water, versatile applications in industries like metallurgy and chemical processing
  • Toxic on ingestion, can cause environmental

Tungstic Acid / Phosphomolybdic Acid / Sodium Molybdate

  • Lower cost, more availability
  • Less effective, swing in market prices

The widespread use of acid in various industries sets it apart from alternatives such as sodium molybdate due to its enhanced solubility and reactivity levels in the market today. Making it a top choice, for many sectors seeking growth opportunities and innovation potential.

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Research Methodology

This market research methodology defines the Molybdic Acid market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Specialty Chemicals ecosystem, we analyze Molybdic Acid across Inorganic Chemistry, Catalyst, and Flame Retardant Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Climax Molybdenum, Jinduicheng Molybdenum Group, and Centerra Gold by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Extraction, Primary Manufacturing, and Secondary Manufacturing. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Specialty Chemicals revenues to estimate the Molybdic Acid segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Extraction (Freeport-McMoran, Codelco), Primary Manufacturing (Climax Molybdenum, China Molybdenum Co), and Secondary Manufacturing. Our parallel substitute analysis examines Tungstic Acid, Phosphomolybdic Acid, and Sodium Molybdate, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Climax Molybdenum, Jinduicheng Molybdenum Group, and Centerra Gold, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Molybdic Acid market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Molybdic Acid Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 214 million
Revenue Forecast in 2034USD 324 million
Growth RateCAGR of 4.7% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 2024205 million
Growth OpportunityUSD 120 million
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD million and Industry Statistics
Market Size 2024205 million USD
Market Size 2027235 million USD
Market Size 2029258 million USD
Market Size 2030270 million USD
Market Size 2034325 million USD
Market Size 2035340 million USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredIndustry Use, Product Type, Distribution Channel, Application
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledClimax Molybdenum, Jinduicheng Molybdenum Group, Centerra Gold, Thompson Creek Metals Company, SeAH M&S, Southern Copper Corp, Freeport-McMoRan, China Molybdenum, American Pacific Corporation, Antofagasta plc, General Moly Inc and Grupo Mexico
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Molybdic Acid Market Size, Opportunities & Strategic Insights, by Industry Use

4.1Chemical Facilities
4.2Laboratories
4.3Pharmaceutical Companies
4.4Industrial Manufacturing
Chapter 5

Molybdic Acid Market Size, Opportunities & Strategic Insights, by Product Type

5.1Pure
5.2Modified
5.3Mixed
Chapter 6

Molybdic Acid Market Size, Opportunities & Strategic Insights, by Distribution Channel

6.1Direct Sales
6.2Distributors
6.3Online Retailers
6.4Specialty Stores
Chapter 7

Molybdic Acid Market Size, Opportunities & Strategic Insights, by Application

7.1Inorganic Chemistry
7.2Catalyst
7.3Flame Retardant
7.4Corrosion Inhibitor
7.5Pigments
7.6Others
Chapter 8

Molybdic Acid Market, by Region

8.1North America Molybdic Acid Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Molybdic Acid Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Molybdic Acid Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Molybdic Acid Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Molybdic Acid Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Molybdic Acid Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Climax Molybdenum
9.2.2Jinduicheng Molybdenum Group
9.2.3Centerra Gold
9.2.4Thompson Creek Metals Company
9.2.5SeAH M&S
9.2.6Southern Copper Corp
9.2.7Freeport-McMoRan
9.2.8China Molybdenum
9.2.9American Pacific Corporation
9.2.10Antofagasta plc
9.2.11General Moly Inc
9.2.12Grupo Mexico