MoS2 Market to Grow by USD 131.08 million | Increasing Demand Due to Growing End-use Industries to Boost Growth | Technavio

Molybdenum Disulfide (MoS2) Market: Drivers and Challenges

The increasing demand due to growing end-use industries is one of the key factors driving the global molybdenum disulfide market growth. The high strength and low weight of molybdenum lead to its use 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. In addition, molybdenum is an ideal option for use in LEDs, lasers, photonics, photovoltaics, and other microelectronics applications due 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.

The presence of alternative materials is one of the major challenges faced by the global molybdenum disulfide market growth. The easy availability of substitutes such as tungsten disulfide (WS2) is lowering the demand for MoS2. Other features of WS2, compared with molybdenum disulfides, such as low coefficient of friction, good chemical stability, and thermal stability, will also raise 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.

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Molybdenum Disulfide (MoS2) Market: Key Vendors and Their Offerings

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, are some of the key vendors operating in the molybdenum disulfide (MoS2) market. The key offerings of some of these vendors are mentioned below:

• American Elements - The company offers molybdenum disulfide nanotubes which have a melting point of 1,185 degrees celsius.
• ARK Co. Ltd. - The company offers molybdenum disulfide nanotubes which are used as dry lubricants.
• Centerra Gold Inc. - The company mines molybdenum disulfide in cluster county.

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Molybdenum Disulfide (MoS2) Market: Segmentation Analysis

This market forecast report segments the molybdenum disulfide (MoS2) market by product (powder and crystal) and geography (APAC, North America, Europe, South America, and MEA). APAC led the molybdenum disulfide (MoS2) market in 2021, followed by North America, Europe, South America, and MEA, respectively. During the forecast period, APAC is expected to register the highest growth due to factors such as 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.

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Some of the key topics covered in the report include:

Market Challenges

Market Drivers

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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