According to the latest report by Reports and Data, the 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 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 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 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.
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Market Overview:
Demand for innovative materials is driven by transformations in the energy, automotive, logistics, manufacturing, construction, and other industries, as well as growing industry 4.0 technologies. Sustainability, lightweighting, 3D printing, and surface engineering are all hot topics in the materials sector, as are intelligent materials, nano-formulations, and new composites with improved properties. Furthermore, increased adoption of artificial intelligence (AI), machine learning (ML), and data management strategies encourages scientists to investigate and develop novel materials considerably more quickly, reducing time-to-market from decades to only a few years.
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.
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.
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 the Regional Analysis:
- 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
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-Use Outlook (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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