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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.
Molybdenum Disulfide 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 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 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.
Consumers are placing higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had a considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of “in silico” simulations. Companies’ existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and worksites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Molybdenum Disulfide market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Molybdenum Disulfide market.
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Form Outlook (Volume, Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
Application Outlook (Volume, Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
End-Use Outlook (Volume, Tons; 2019-2030 and Revenue, USD Million; 2019-2030)
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Chapter 4. Global Pharma & Healthcare Market Segmentation
4.1. Global Pharma & Healthcare Market COVID-19 Impact Analysis
4.4. Porter’s Five Forces Analysis
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