Molybdenum Disulfide Market is forecast to reach $743.56 billion by 2025, after growing at a CAGR of 4.45% during 2019-2025. MoS2 is a dry lubricant film that can be used in the production of various products for different industries. In Asia-Pacific, MoS2 is expected to be the fastest-growing market, by increasing investments in the region’s ever-growing population and rising consumer power. Further, enhance the overall Molybdenum Disulfide Market demand during the forecast period.
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Form – Segment Analysis
Molybdenum Disulfide (MoS2) Powder segment held the largest share in the Molybdenum Disulfide Market in 2018. A fine powder is used for its well-documented lubrication characteristics. Using MoS2 in large crystal form is more difficult for being used as a substrate material.
Application – Segment Analysis
The lubricant sector has been the primary market for Molybdenum Disulfide for many years. Molybdenum disulfide (MoS2) friction coefficient can be as low as 0.05. Diluted acids and oxygen are also not affected. Such properties help provide a wide variety of loads with effective lubrication. The low friction coefficient of MoS2 helps to transfer lubricant between two mating surfaces to reduce wear and tear for heavy vehicles like trucks and construction vehicles.
End-Use Industry – Segment Analysis
Automotive & The transportation sector has been the primary market for Molybdenum Disulfide for many years is growing at a CAGR of 3.98%. It is widely used in greases and grease-like products for lubrication and for automotive systems such as ball joints, wheel bearing, pedal shafts, steering linkages, and lubrication control arms are commonly used. It is a suitable material used to chassis lubrication for trucks and construction vehicles. Railway curve-rail greases with MoS2 can be used in the transport sector to reduce wheel wear and the consumption of fuel.
Geography – Segment Analysis
APAC dominated the Molybdenum Disulfide Market share with more than 35%, followed by North America and Europe. The usage in many end-use applications driving rapid growth in end-use industries like automobiles, transport, electronics, constructions and general engineering. The growth of the Asia-Pacific manufacturing sector has led to increasing demand for low-friction coatings and lubricants due to the change in manufacturing bases by global players due to the availability of cheap raw materials and labor. In addition, the major markets of electronics production in countries such as China, South Korea, Taiwan, and Japan have global demand. Thus, expected to remain steady demand for MoS2, which is added to semiconductors, transistors, LEDs, lasers of solar cells and others. The automobile and construction industries are seeing tremendous growth as a result of increasing infrastructure investments in emerging economies such as India, driven by the region’s rapid urbanization.
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Drivers – Molybdenum Disulfide Market
Increasing Demand due to growing End-use Industries
One of the most common solid lubricants are molybdenum disulfide (MoS2) which is used to smooth functioning of machines and equipment in different industries which includes automotive & transportation, electronics, aerospace, and various other industries. For construction markets grease containing MoS2, with applications on kingpins, ball joints, pivot pins, spherical pivot bearings, etc., can be used as OEM lubricants. These coatings are used to improve the operation of new components and to protect load-bearing surfaces. The properties of MoS2 make it suitable for use in LED, laser, photonics, photovoltaic and other microelectronics applications in the electronics industry. MoS2 has a range of applications in different end-use industries that have favorable growth due to the current trend of growth in industries, such as automotive, electronics and construction.
Challenges – Molybdenum Disulfide Market
Presence of alternative materials
The presence of alternatives like tungsten disulfide (WS2), however, will restrict the growth of the demand in molybdenum disulfide. Molybdenum disulfide properties include non-effectiveness in the application only at low temperatures. In addition, local competitors will supply low-quality products to curb the growth of the global molybdenum disulfide market during the forecast period.
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Molybdenum Disulfide market. In 2018, the market of Molybdenum Disulfide has been consolidated by the top five players accounting for xx% of the share. Major players in the Molybdenum Disulfide Market are Tribotecc GmbH, Metal Coatings Corp., Moly Metal LLP, Exploiter Molybdenum Co. Ltd, Hanwha Chemical, Solvay SA, Luoyang Shenyu Molybdenum Industry Co. Ltd, Cor-Pro Systems Inc., US Research Nanomaterials Inc., Freeport-McMoRan Inc., and Strem Chemicals, among others.
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