Molybdenum Disulfide (MoS2) Market was valued at USD 482.3 million in 2022 and is poised to grow at a CAGR of 2.1% over 2023-2029. 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 Molybdenum Disulfide (MoS2) 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.
Fastest Growing Market
The market is expected to rise as the application of Molybdenum Disulfide (MoS2) as a lubricant due to its remarkable lubricating qualities, such as low friction coefficient, high load-carrying capacity, wide temperature range, and resistance to chemical and corrosive environments, molybdenum disulfide (MoS2) is frequently employed as a solid lubricant. Moreover, MoS2 is frequently used in machineries such as cutting tools, sliding mechanisms, bearings, automotive engines, and gears because it reduces friction and wear. It is especially preferred in situations when traditional liquid lubricants might not be appropriate because of high temperatures, extremely high pressures, or chemical abrasiveness. MoS2 improves mechanical systems' overall performance and lowers maintenance costs, and energy efficiency because it is a solid lubricant.
The Molybdenum Disulfide (MoS2) market valued at USD 482.3 Million in 2022 and is expected to grow at 2.1% CAGR over the forecast period 2023 – 2029.
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 Molybdenum Disulfide (MoS2) market.
Grupo Mexico, Centerra Gold Inc., Tribotecc GmbH, Exploiter Molybdenum Co., Ltd, Rose Mill Co. LLC, EPRUI Nanoparticles & Microspheres Co. Ltd, Freeport-McMoRan Inc., TRITRUST INDUSTRIAL (CHINA) CO, LTD, Graphene Laboratories Inc., American Elements, Strem Chemicals, Moly Metal L.L.P, Luoyang Shenyu Molybdenum Industry Co., Ltd, US Research Nanomaterials, Inc. are a few companies operating in Molybdenum Disulfide (MoS2) market.