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Molybdenum Disulfide (MoS2) Market Size Worth USD 579.5 Million in 2032 | Emergen Research
Molybdenum Disulfide (MoS2) Market
Molybdenum Disulfide, an inorganic compound composed of one molybdenum atom and two sulfur atoms, finds extensive application in high-tech industries such as automotive, aerospace, construction, chemical, and petrochemical sectors. The market is characterized by the utilization of two primary forms, namely powder MoS2 and crystals MoS2, crucial for industries where performance is paramount.
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Market Drivers:
The surge in automotive and aviation industries' adoption of MoS2 as a lubricant is a significant driver for market growth. With the automotive sector experiencing a steady rise in demand, the need for lubricants is expected to increase, further fueling market growth. MoS2's exceptional temperature and pressure resistance make it indispensable in lubricant production, meeting the industry's stringent performance requirements.
Market Developments:
Technological advancements, such as the development of microscopic supercapacitors with enhanced storage capacity, are driving market innovation. These advancements open avenues for MoS2 utilization in various devices, including consumer electronics, electric cars, and medical devices, enhancing its market potential.
Market Restraints:
Challenges in manufacturing processes and high production costs pose restraints to market growth. The complex manufacturing process and stringent quality control measures contribute to elevated operational expenses, potentially affecting market competitiveness. Additionally, the limited conductivity and availability of MoS2 may prompt buyers to explore cost-effective alternatives, hindering market growth.
Segment Insights:
The global MoS2 market is segmented into powder MoS2 and crystals MoS2, with the powder segment holding the largest revenue share in 2022. The rising demand for powder MoS2 in lubrication, friction reduction, and solid lubricant applications contributes significantly to its market dominance.
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Application Insights:
In terms of applications, the lubricants segment is expected to register steady revenue growth during the forecast period, driven by increasing adoption in automotive, aviation, and aerospace industries. MoS2's corrosion resistance and ability to reduce friction make it a preferred material for lubricant production, ensuring machinery longevity and optimal performance.
Molybdenum Disulfide Top Companies and Competitive Landscape
The global MoS2 market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective Molybdenum Disulfide (MoS2) products in the market.
Some of the major companies included in the global Molybdenum Disulfide (MoS2) market report are:
• Rose Mill Company
• China Molybdenum Co., Ltd.
• Moly Metal LLP
• Omkar Speciality Chemicals Ltd.
• Yogi Dye Chem Pvt. Ltd.
• US Research Nanomaterials Inc.
• Sisco Research Laboratories Pvt Ltd.
• American Elements
• DuPont
• Fuchs
• Ascensus LLC
• G6 Materials Corp.
• Otto Chemie Pvt. Ltd.
• Merck KGaA
• Tribotecc GMBH
• Graphene Flagship
• Exploiter Molybdenum Co., Ltd.
• Freeport-McMoRan
• Eprui Biotech Co., Ltd.
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Molybdenum Disulfide (MoS2) Latest Industry News
• On 23 December 2022, Scientists at KAUST and Aramco created a three-dimensional foam made of molybdenum disulfide that exhibits a structural hierarchy spanning seven orders of magnitude. This foam establishes an interconnected network, facilitating efficient charge transport, swift ion diffusion, and offering a mechanically robust and chemically stable foundation for electrochemical reactions. The remarkable electrochemical capabilities of the MoS2 foam surpass those of the majority of previously reported molybdenum disulfide-based anodes for Lithium-ion batteries, as well as state-of-the-art materials.
Molybdenum Disulfide (MoS2) Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global MoS2 market on the basis of type, application, end-use, and region:
• Type Outlook (Revenue, USD Million; 2019-2032)
o Powder Molybdenum disulfide
o Crystals Molybdenum disulfide
• Application Outlook (Revenue, USD Million; 2019-2032)
o Lubricants
o Semiconductors
o Catalysts
o Others
• End-use Outlook (Revenue, USD Million; 2019-2032)
o Automotive
o Aerospace & Defense
o Construction
o Chemicals and Petrochemical
o Others
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