According to the latest report by Reports and Data, the globalmolybdenum disulfide marketsize is expected to reach USD 589.24 Million in 2030 and register a CAGR of 3.68% over the forecast period. Molybdenum Disulfide Powder is extensively used in helicopter rotor blades, elevators, laser solar cells, semiconductors, warheads, nozzles, and impingement coatings. Increasing demand for Molybdenum Disulfide Powder grease in automotive applications is a key factor that will upsurge market revenue growth. Molybdenum Disulfide Powder, also known as MoS2, is a silvery black inorganic compound that can be used as a dry lubricant in paints, dispersions, and coatings. It exhibits various excellent properties such as high tensile strength, low coefficient of friction, radiation protection, and stability in most solvents.
Molybdenum Disulfide Powder finds application in the petrochemical industry as a catalyst in desulfurization, and in other organic reactions as a hydrogenation catalyst. In the electronics industry, it is utilized in ultra-low power transistors, field-effect transistors, photodetectors, and image sensors owing to its semiconductor attributes. Molybdenum Disulfide Powder transistors are expected to exceed the performance of silicon-based field-effect transistors in terms of power efficiency, and on/off ratio. MoS2can protect a component from corrosion when combined with resins or binders. In the medical sector, the potential of Molybdenum Disulfide Powder nanocomposites in cancer detection, cure, and antibacterial materials is in the stage of research.
Molybdenum Disulfide Powder is widely used in end-use industries such as chemical and petrochemical, automotive, industrial, aerospace and defense, construction, electronics, metal and mining, and others. The Chemical and petrochemical industry segment accounted for the largest revenue share in the global market in 2021. This can be attributed to the growing usage of Molybdenum Disulfide Powder as a solid lubricant and hydrodesulfurization catalyst in chemical and petrochemical applications. Asia Pacific market is expected to register the fastest CAGR among all regions over the forecast period. Major factors contributing to revenue growth are rapid industrialization, the growing automobile industry, and the construction sectors in the region.
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Some major companies operating in the marketinclude 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.
The global materials chemicals industry has gained impetus over recent years, owing to factors such as rising demand for essential consumer products including food beverages, cosmetics, and personal care hygiene products, and increasing use of chemicals and raw materials in the buildings construction, agriculture, textiles, automotive, packaging, and several other industries. The rising focus of manufacturers on deploying environmentally sustainable materials and chemicals to augment industrial productivity and reduce carbon footprint is a major factor driving the growth of this industry. Rising consciousness about environmental conservation, the introduction of technologically advanced and organic chemical products, and the growing use of high-performance specialty chemicals further boost the industry revenue growth.
Form Outlook (Volume, Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- Powder
- Crystals
Application Outlook(Volume, Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- Greases
- Pastes
- Oil Synthetic Fluid
- Water Suspensions
- Coatings
- Metal Working Compounds
- Pure/Mix Powders
End-UseOutlook (Volume, Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
- Chemical Petrochemical
- Automotive
- Industrial Usage
- Aerospace Defense
- Construction
- Electronics
- Metal Mining
- Others
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Major Regions covered in the report:
- North America(U.S.A., Canada, Mexico)
- Europe(U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific(India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America(Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Points Illustrated in theRegionalAnalysis:
- Regional contribution to the overall market revenue
- Forecast revenue share of each regional market
- Vital information and data related to the production and consumption rates in all the regions
- Factors driving the regional market growth over the forecast period
- Leading products and application segments in each regional market
- Presence of key market competitors in each of these regions
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