Molybdenum Disulfide (MoS2) Market Size, Share, Growth, Trends, and Global Industry Analysis:  By Form (Powder, Crystals), By Application (Lubricants and Coatings, Semiconductor, Catalysts, Others), By End-User Industry (Automotive, Aerospace and Defense, Electrical and Electronics, Construction, Chemical and Petrochemical, Others) and Region Forecast 2019-2030

Molybdenum Disulfide (MoS₂) Market size was valued at US$ 482.3 million in 2023 and is poised to grow at a CAGR of 2.1% from 2024-2030. Molybdenum disulfide (MoS₂) is a naturally occurring inorganic molecule made up of sulphur (S) and molybdenum (Mo) atoms, black in appearance and mostly unreactive with most chemical elements widely used as a dry lubricant because of its low friction and robustness. The rising demand for smartphones, tablets, and other consumer electronics as well as the development of cutting-edge technologies like 5G and the Internet of Things (IoT) drives the market. Due to its distinctive qualities, including high electron mobility and superior thermal conductivity, MoS₂ is employed as a crucial component in electrical and semiconductor devices.

For instance, in 2019 new wireless smartphone was developed that assisted personal healthcare monitoring systems using a MoS2-based flexible, wearable, and ultra-low-cost functional sensor. Furthermore, MoS₂, being a 2D material with unique properties, holds significant opportunities in nanotechnology applications. For instance, MoS₂ nanosheets display strong fluorescence in the visible range because of their direct bandgap, which makes MoS₂ a suitable and appropriate candidate for cost-efficient optical biosensors. Moreover, the growing concern about environmental sustainability influences the choice of material used in industries, and MoS2, being a solid lubricant acts as a potential replacement for certain harmful additives. But the presence of alternatives such as tungsten disulfide (WS₂) hinders market growth. However, its extensive use in the aerospace, military, and automobile industry, rise in buying power, urbanization, increased competition among key players, and developed infrastructure are anticipated to heighten the market growth.

Key Developments

• In December 2022, Researchers at KAUST and Aramco made an announcement regarding the development of a three-dimensional molybdenum disulfide foam with a structural hierarchy spanning seven orders of magnitude.
• In June, 2021, Fuchs Petrolub SE acquired Gleitmo Technik AB’s lubricants business and integrated it into its subsidiary Fuchs Lubricants Sweden AB.
• In September 2019, OPET FUCHS, the joint venture of FUCHS PETROLUB and OPET Petrolcülük, started operation at its new greenfield plant in Aliaga, Izmir, Turkey with an investment of EUR 24 million and a production capacity of 60,000 tons of lubricant in one shift per year.