According to a new country report published by Lucintel, the future of molybdenum in the automotive market in the United States looks promising with opportunities in the passenger car and light commercial vehicle markets. The molybdenum in automotive market in the United States is primarily driven by increasing penetration of high strength steel per vehicle and growing demand for lithium ion batteries in electric vehicles.
This report studies factors affecting the molybdenum in automotive market in the United States from both demand and supply sides. The report also analyzes growth opportunities in different applications and provides comprehensive data and analysis on trends, key drivers, and directions.
Among various growth areas, Lucintel forecasts that engine blocks will remain the largest segment for molybdenum material, as molybdenum improves high internal operation pressure and peak firing pressure in engines. In this market, molybdenum is primarily used in steel for the manufacturing of engine blocks, exhaust systems, crankshaft, piston rings, steering components, and axel shafts. Molybdenum enhances strength, hardenability, weldability, toughness, and corrosion resistance of steel.
An emerging trend, which has a direct impact on the dynamics of molybdenum in the automotive industry, includes increasing applications for molybdenum steel alloys in engines, such as driving pinion, cardan joints, and turbocharger housings.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the current market trends, forecasts, new market opportunities, and competitive landscape for the molybdenum in automotive market in the United States and has come up with a comprehensive research report entitled “Opportunities for the Molybdenum in Automotive Market in the United States.” The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes the market size and forecast for the molybdenum in automotive market in the United States by application and vehicle type as follows:
Molybdenum in the Automotive Market by Application:
• Engine Block
• Exhaust System
• Crankshaft
• Piston Rings
• Others
Molybdenum in the Automotive Market by Vehicle Type:
• Passenger Cars
• Small Cars
• Compact Cars
• Mid-Sized Cars
• Luxury Cars
• SUVs & Crossovers
• Light Commercial Vehicles
This 60-page country research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed scope, benefits, and other details of this report, please contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/United-States/molybdenum-in-automotive.aspx or write to us at helpdesk@lucintel.com
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