Molybdenum Disulfide (MoS2) Market Size (2024 - 2029)

The Molybdenum Disulfide market is projected to experience growth over the forecast period, driven by its increasing use in lubricants and rising demand from the automotive sector. Despite challenges posed by the availability of superior alternatives, the market's expansion is supported by opportunities in the electric vehicles sector. The Asia-Pacific region, particularly China and India, leads in consumption and is expected to maintain its dominance.

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Market Size of Molybdenum Disulfide (MoS2) Industry

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Molybdenum Disulfide (MoS2) Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 1.92 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Molybdenum Disulfide (MoS2) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Molybdenum Disulfide (MoS2) Market Analysis

The Molybdenum Disulfide Market size is estimated at 5.54 kilotons in 2024, and is expected to reach 6.09 kilotons by 2029, growing at a CAGR of 1.92% during the forecast period (2024-2029).

  • The COVID-19 pandemic majorly affected countries across the regions, resulting in severe lockdowns, confining millions of people in their homes, and shutting down businesses, production, and manufacturing facilities resulting in no economic activity. However, the market retained its growth trajectory in 2022.
  • Over the short term, the major factor driving the market studied is the growing application of lubricants in various end-use industries. Moreover, increasing demand for molybdenum sulfide from the automotive industry is expected to fuel the growth of the market.
  • On the flip side, the availability of better alternatives is expected to hinder the growth of the market.
  • Nevertheless, the growth in the electric vehicles market is expected to act as an opportunity in the future.
  • The Asia-Pacific region dominated the global market and is expected to continue doing so, with countries such as China and India accounting for the largest consumption.

Molybdenum Disulfide (MoS2) Industry Segmentation

The compound Molybdenum Disulfide (MoS2) is classed as a transition metal dichalcogenide. With a friction coefficient of less than 0.1, it is widely renowned for its thermal and conductive stability. 

The molybdenum disulfide market is segmented by type, application, end-user industry, and geography. By type, the market is segmented into molybdenum disulfide (MoS2) powder and molybdenum disulfide (MoS2) crystals. By application, the market is segmented into lubricants and coatings, semiconductors, catalysts, and other applications. By end-user industry, the market is segmented into automotive, aerospace and defense, electrical and electronics, construction, chemical and petrochemical, and other end-user industries. The report also covers the market size and forecasts for the molybdenum sulfide market in 15 countries across major regions. 

For each segment, the market sizing and forecasts have been done based on volume (kilotons).

Type
Molybdenum Disulfide (MoS2) Powder
Molybdenum Disulfide (MoS2) Crystals
Application
Lubricants and Coatings
Semiconductor
Catalysts
Other Applications
End-user Industry
Automotive
Aerospace and Defense
Electrical and Electronics
Construction
Chemical and Petrochemical
Other End-user Industries (Heavy Equipment and Solvents)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Molybdenum Disulfide (MoS2) Market Size Summary

The molybdenum disulfide (MoS2) market is poised for steady growth over the forecast period, driven by its increasing application as a lubricant additive in various industries, particularly automotive. The market's resilience was evident as it regained its growth trajectory post-COVID-19 disruptions. The automotive sector's demand for MoS2, especially in electric vehicles, presents significant growth opportunities. However, the market faces challenges from the availability of superior alternatives. The Asia-Pacific region, led by China and India, dominates the global market due to its robust manufacturing activities across sectors like aerospace, defense, and electronics, which significantly contribute to the demand for MoS2.

The market landscape is characterized by a fragmented structure with several key players, including Freeport-McMoRan and Jinduicheng Molybdenum Co. Ltd. Innovations, such as the development of advanced molybdenum disulfide foams for enhanced electrochemical applications, highlight ongoing research and development efforts. The Asia-Pacific region's dominance is further supported by the region's burgeoning automotive and electronics industries, with China and India leading in vehicle production and consumer electronics growth. This regional strength is expected to sustain the market's expansion, making it a critical area of focus for industry stakeholders.

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Molybdenum Disulfide (MoS2) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Application of Lubricants in Various End-use Industries

      2. 1.1.2 Increasing Demand from Automotive Industries

      3. 1.1.3 Growing Utilization in LEDs, Lasers and other Electronic Industry Applications

    2. 1.2 Restraints

      1. 1.2.1 Availability of Better Alternatives

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Type

      1. 2.1.1 Molybdenum Disulfide (MoS2) Powder

      2. 2.1.2 Molybdenum Disulfide (MoS2) Crystals

    2. 2.2 Application

      1. 2.2.1 Lubricants and Coatings

      2. 2.2.2 Semiconductor

      3. 2.2.3 Catalysts

      4. 2.2.4 Other Applications

    3. 2.3 End-user Industry

      1. 2.3.1 Automotive

      2. 2.3.2 Aerospace and Defense

      3. 2.3.3 Electrical and Electronics

      4. 2.3.4 Construction

      5. 2.3.5 Chemical and Petrochemical

      6. 2.3.6 Other End-user Industries (Heavy Equipment and Solvents)

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Molybdenum Disulfide (MoS2) Market Size FAQs

The Molybdenum Disulfide (MoS2) Market size is expected to reach 5.54 kilotons in 2024 and grow at a CAGR of 1.92% to reach 6.09 kilotons by 2029.

In 2024, the Molybdenum Disulfide (MoS2) Market size is expected to reach 5.54 kilotons.

Molybdenum Disulfide (MoS2) Market Report Snapshots

Molybdenum Disulfide (MoS2) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)