IMARC Group, a leading market research company, has recently released a report titled “Molybdenum Disulfide (MoS2) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”. The study provides a detailed analysis of the industry, including the molybdenum disulfide (MoS2) market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the Molybdenum Disulfide (MoS2) Market?
The global molybdenum disulfide (MoS2) market size reached US$ 601.74 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 775.56 Million by 2028, exhibiting a growth rate (CAGR) of 4.20% during 2023-2028.
What is Molybdenum Disulfide (MoS2)?
Molybdenum disulfide refers to a naturally occurring mineral belonging to the transition metal dichalcogenide group. It is a solid lubricant with excellent anti-wear and anti-friction properties, making it suitable for high-temperature and high-pressure environments. Molybdenum disulfide is a two-dimensional material with a thickness of only a few atoms, owing to which it is extensively utilized across next-generation optoelectronics and electronics. It exhibits optimal semiconducting properties. As a result, molybdenum disulfide is widely used in electronic equipment, such as solar cells and transistors. It also finds various applications across several industries, including construction, automotive, aviation, chemical, consumer electronics, etc.
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What are the growth prospects and trends in the molybdenum disulfide (MoS2) industry?
The widespread adoption of this mineral, owing to its high strength and low weight, which helps to reduce vibration and enhance passenger comfort, is primarily driving the molybdenum disulfide (MoS2) market. Additionally, it is extensively utilized in the production of electronic components, such as thin-film transistors, semiconductors, photovoltaic cells, etc., which is further bolstering the market growth. Besides this, the escalating demand for molybdenum disulfide across the oil and gas industry as a lubricant and catalyst, specifically for high-temperature and high-pressure purposes, is acting as another significant growth-inducing factor. Moreover, the rising consumer awareness towards the benefits of MoS2 in water treatment and purification and large-scale product employment in the medical and healthcare sectors, particularly for drug delivery systems and bioimaging, is also positively influencing the global market. Apart from this, it is gaining traction as a sustainable and eco-friendly alternative to traditional lubricants and chemicals, which is expected to fuel the molybdenum disulfide (MoS2) market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
- Lubricants and Coatings
End Use Industry Insights:
- Aerospace and Defense
- Electrical and Electronics
- Chemical and Petrochemical
Market Breakup by Region:
- North America (United States, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- American Elements,
- Climax Molybdenum Marketing Corporation (Freeport-McMoRan Inc.),
- Luoyang Shenyu Molybdenum Co. Ltd.,
- Merck KGaA,
- Moly Metal L.L.P,
- Rose Mill Co. LLC,
- Tribotecc GmbH (Treibacher Industrie AG)
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