Market Size of Molybdenum Disulfide (MoS2) Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 5.54 kilotons |
| Market Volume (2029) | 6.09 kilotons |
| CAGR (2024 - 2029) | 1.92 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players_Market.webp)
*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.
