Molybdenum Disulfide Market Size to Worth USD 589.24 Million in 2030 | Reports and Data
According to the latest report by Reports and Data, global molybdenum disulfide market size is expected to reach USD 589.24 Million in 2030 and register a CAGR of 3.68% over the forecast period. Molybdenum disulfide is extensively used in helicopter rotor blades, elevators, laser solar cells, semiconductors, warheads, nozzles, and impingement coatings. Increasing demand for molybdenum disulfide grease in automotive applications is a key factor that will upsurge market revenue growth. Molybdenum disulfide, also known as MoS2, is silvery black inorganic compound that can be used as dry lubricant in paints, dispersions, and coatings.
Molybdenum disulfide finds application in petrochemical industry as a catalyst in desulfurization, and in other organic reactions as hydrogenation catalyst. In the electronics industry, it is utilized in ultra-low power transistors, field-effect transistors, photo detectors, and image sensors owing to its semiconductor attributes. Molybdenum disulfide transistors are expected to exceed the performance of silicon-based field-effect transistors in terms of power efficiency, and on/off ratio. MoS2 can protect a component from corrosion when combined with resins or binders. In the medical sector, the potential of molybdenum disulfide nanocomposites in cancer detection, cure, and antibacterial materials is in the stage of research.
Molybdenum disulfide is widely used in end-use industries such as chemical and petrochemical, automotive, industrial, aerospace and defense, construction, electronics, metal and mining, and others. Chemical and petrochemical industry segment accounted for largest revenue share in the global market in 2021. This can be attributed to growing usage of molybdenum disulfide as solid lubricant and hydro desulfurization catalyst in chemical and petrochemical applications.
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Some Key Highlights From the Report:
- In February 2021, the Fuchus group acquired 70% of the lubricant business of the specialty distributor STD & S Co., Ltd. based in Vietnam and integrated it into the subsidiary Fuchus Lubricants Vietnam Company Ltd.
- Powder form segment is expected to register fastest CAGR over the forecast period. Recent development of 2D molybdenum disulfide and growing demand for its application in cold forging are important drivers for market revenue growth in the segment.
- The North America molybdenum disulfide market accounted for second largest revenue share in the global market in 2021. Presence of major molybdenum producing countries , growing end-use industries such as aerospace and automotive are some major factors fostering market revenue growth of the North America molybdenum disulfide market.
- Some major companies operating in the market include Moly Metal LLP, Rose Mill Company, China Molybdenum Co., Ltd, Yogi Dye Chem Pvt. Ltd., Omkar Speciality Chemicals Ltd., Sisco Research Laboratories Pvt. Ltd., US Research Nanomaterials, Inc., American Elements, Fuchs Petrolub SE, DuPont de Nemours, Inc., among others.
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North America market accounted for a 22.68% revenue share in the global market in 2021 and is expected to be the second fastest-growing market in terms of revenue over the forecast period. High demand from end-use industries such as automotive, industrial, aerospace, and chemicals coupled with growing demand for heavy machinery that is utilized in construction, agriculture, mining, and industrial sectors are expected to fuel market revenue growth in the region. Additionally, the recovery of the automotive industry in the US, alongside growing automotive sales in Mexico, is expected to drive revenue growth of the North America molybdenum disulfide market.
Molybdenum disulfide market in Europe is expected to register a significantly fast market growth over the forecast period. Italy, Germany, France, and the UK hold the major share in demand for product’s growth of market revenue. The increasing demand for lubricants in the automotive sector is expected to support revenue growth in the region. Based on statistics published by the European Automobile Manufacturers Association, around 18.5 million cars, vans, trucks, and buses are manufactured per year in the region. Furthermore, the automotive investment in research and development (R&D) in the region has increased by 6.1%. Growing demand from automotive industry is expected to drive revenue growth of the Europe molybdenum disulfide market.
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Segments covered in the report:
For the purpose of this report, Reports and Data have segmented global Molybdenum Disulfide Market on the basis of Type, Material, End Users, Application and region:
Form Outlook (Volume, Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
Application Outlook (Volume, Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- Oil & Synthetic Fluid
- Water Suspensions
- Metal Working Compounds
- Pure/Mix Powders
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North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of EU)
Asia-Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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