The global molybdenum market is driven by the increase in demand from large scale industries. The natural resources are depleting the manufacturers are finding the way for the new energy sources, which is required for the setting of the new renewable energy production plants. This, in turn, is driving the molybdenum market for the construction of production facilities. The demand for molybdenum is high from special chemicals and steel industries, the leading producers of the molybdenum are increasing their focus on the introducing new primary & byproduct operations. However, high price of molybdenum is a major restraint of the molybdenum market. Molybdenum is not suitable for continuous temperatures above 500 °C in an oxidized atmosphere unless it is protected by a coating. This is likely to hamper the global molybdenum market.