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The molybdenum disulfide (MoS2) market share is expected to increase by USD 131.08 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.43%.
This molybdenum disulfide market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers molybdenum disulfide market segmentation by product (powder and crystal) and geography (APAC, North America, Europe, South America, and MEA). The molybdenum disulfide market report also offers information on several market vendors, including American Elements, ARK Co. Ltd., Centerra Gold Inc., Freeport-McMoRan Inc., Jinduicheng Molybdenum Group Co. Ltd, Luoyang Shenyu Molybdenum Co. Ltd, Merck KGaA, Moly Metal LLP, Rose Mill Co., and Treibacher Industrie AG among others.
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The increasing demand due to growing end-use industries is notably driving the MoS2 market growth, although factors such as the presence of alternative materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the molybdenum disulfide industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Molybdenum Disulfide Market Driver
One of the key factors driving the global molybdenum disulfide market growth is the increasing demand due to growing end-use industries. The great strength and low weight of molybdenum enable its usage in the aviation sector to minimize vibration and increase pilot and passenger comfort. It is also used to stabilize control surfaces for aircraft ailerons, elevators, and rudder sections, helicopter rotor blades, and cockpit instruments. Moreover, molybdenum is an ideal option for use in LEDs, lasers, photonics, photovoltaics, and other microelectronics applications owing to its low electrical conductivity and superior radiation stability. Therefore, the increase in demand in various end-user industries for molybdenum will drive the global MoS2 market growth during the forecast period.
Key Molybdenum Disulfide Market Challenge
One of the major challenges impeding the global molybdenum disulfide market growth is the presence of alternative materials. The easy availability of substitutes such as tungsten disulfide (WS2) is reducing the demand for MoS2. Other significant features of WS2 compared with molybdenum disulfides such as low coefficient of friction, good chemical stability, and thermal stability will also increase the demand for tungsten disulfide. Moreover, when switching from bulk material to a 2D material, the bandgap of WS2 changes from an indirect bandgap of 1.4eV to a direct bandgap of 2eV, precisely like MoS2. Due to this bandgap, WS2 is considered an intriguing material for a wide range of applications. Therefore, with similar properties to that of MoS2, tungsten disulfide can potentially hinder the growth of the market during the forecast period.
This molybdenum disulfide market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the molybdenum disulfide market encompasses successful business strategies deployed by the key vendors. The MoS2 market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The molybdenum disulfide market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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37% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the molybdenum disulfide in APAC. However, the market growth rate in this region will be slower than the growth of the market in North America, Europe, South America, and MEA.
The widespread use of MoS2 in a variety of end-use applications and the increasing expansion of end-use sectors such as automotive, transportation, electronics, and construction will facilitate the molybdenum disulfide market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The molybdenum disulfide market share growth by the powder segment will be significant during the forecast period. The increase in the demand for MoS2 powder due to its application as a co-catalyst in petrochemistry for desulfurization, such as hydrodesulfurization will drive the growth in this segment. The growth will be further enabled by its usage in grease, oils, polymers, paints, and other coatings.
This report provides an accurate prediction of the contribution of all the segments to the growth of the MoS2 market size and actionable market insights on post COVID-19 impact on each segment.
Molybdenum market - The market size has the potential to grow by 41.68 thousand MT during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
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Molybdenum Disulfide Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.43% |
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Market growth 2022-2026 |
$ 131.08 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.15 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 37% |
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Key consumer countries |
China, India, US, Germany, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
American Elements, ARK Co. Ltd., Centerra Gold Inc., Freeport-McMoRan Inc., Jinduicheng Molybdenum Group Co. Ltd, Luoyang Shenyu Molybdenum Co. Ltd, Merck KGaA, Moly Metal LLP, Rose Mill Co., and Treibacher Industrie AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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