1. Market Research
  2. > Mining and Quarrying
  3. > Metals Market Trends
Molybdenum Disulfide (MoS2) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Molybdenum Disulfide (MoS2) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • September 2021
  • 153 pages
  • ID: 6155637
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The global molybdenum disulfide (MOS2) market was valued at over 5,280 tons in 2020, registering a CAGR of over 2% during the period, 2021-2026.

The market was negatively impacted by COVID-19. The COVID-19 pandemic, majorly affected countries across the region focuses on flattening the curve of the infection, resulting in severe lockdowns, confining millions of people in their homes, and shutting down businesses, production, and manufacturing facilities resulting in no economic activity. The losses in 2020 also came from the aerospace industry, when most of the flights were canceled and aircraft manufacturing operations were called off. For instance, the grounding of Boeing’s 737 Max aircraft.

Key Highlights
Over the short term, the major factors driving the market studied are an increase in demand from various end-user industries.
On the flip side, the impact of the COVID-19 pandemic and decline in the automotive industry is expected to hinder the growth of the market.
By application, the lubricants and coatings segment dominated the market due to the growing consumption of lubes and greases in the automotive and industrial sectors.
Asia-Pacific dominated the market across the globe with countries such as China, India, and others accounting for the largest consumption.

Key Market Trends

Automotive Segment is One of the Largest Consumers

Molybdenum disulfide is used as a lubricant additive, or as a dry lubricant coating for various applications. Molybdenum greases, and lubricants are used for various applications such as bearings, chassis lubrication points, chain drivers, and many other applications.
Molybdenum disulfide (MoS2) is primarily used in the automotive industry in the form of greases for lubrication of various parts including ball joints, pedal shafts, wheel bearing, steering linkages, and lubrication control arms. Owing to its superior lubrication properties, it is used for lubrication where wet films cannot be used. It is also used for various parts such as car engines, pistons, piston cylinders, bearings, power transmission components, and many others.
However, the global automotive industry has witnessed a downfall in the recent times. ?According to OICA, the automotive production in 2018 decreased by 1.1% with 95.6 million vehicles, followed by a decline of 5.2% in 2019, with a total production of 91.79 million vehicles. Asia-Pacific, the largest hub for automotive manufacturing, witnessed an overall decline of about 6.4% in 2019.
Even before the outbreak of COVID-19, major manufacturers, such as General Motors, Ford, and Honda, cut back production owing to continuous declining sales rate in the United States market. ?Major countries, like China, Japan, India, South Korea, Thailand, and Indonesia, have registered negative growth in production. This decline in the domestic demand, increasing labor costs, and implementation of new vehicle norms are impacting the market.
Moreover, in 2020, due to COVID-19, the global automotive production is about 77.62 million which declined by 16% compared to 91.79 million in 2019. Sales of automotive declined from 90.43 million in 2019 to 77.97 million in 2020. The declining automotive industry is likely to affect the market growth during the forecast period.
The global production reached 21.08 million vehicles in the first quarter of 2021 which increased by 16.9% compared to 18.03 million vehicles in Q1 of 2020. Moreover, compared to 23.24 million vehicles produced in Q1 2019, the production in Q1 2021 decreased by 9.3%. The automotive industry hasn’t reached pre-covid production levels yet.
With automotive production slowing down and the COVID-19 pandemic worsened the situation for the automotive industry, the market for molybdenum disulfide is expected to be affected, at least for a short- to medium-term period.

China to dominate the Asia-Pacific Market

In the Asia-Pacific region, China is the largest economy in terms of GDP. The country witnessed about 6.1% growth in its GDP during 2019, even after the trade disturbance caused due to its trade war with the United States. The economic growth rate of China in 2020 was initially expected to be moderate compared to the previous year. However, due to the onset of COVID-19 in 2020, the economic growth of China witnessed a contraction to 2.3%, and it is expected to witness recovery at a rate of 8.4% in 2021.
Molybdenum disulfide is used to produce coatings and other products that are used in the construction industry. The construction industry grew at a strong pace in 2020, but the growth was restricted due to the pandemic situation. The construction sector has supported the economic growth in the country whenever major slowdowns occurred. The country has the largest construction market in the world, encompassing 20% of all construction investments globally. China is expected to spend nearly USD 13 trillion on buildings by 2030.
According to the National Bureau of Statistics of China, the construction output value in the country increased from CNY 9.6 trillion in 2010 to CNY 26.39 trillion in 2020.
China is the world’s largest electronics manufacturing base, and current upstream manufacturers, such as South Korea, Singapore, and Taiwan, face stiff competition. In terms of demand, electronic items have the greatest growth rates in the consumer electronics section of the industry in the country. The demand for electronic items is expected to rise gradually in the future as the middle-class population’s disposable incomes rise, therefore pushing the market studied.
According to the China Association of Automobile Manufacturers (CAAM), automotive production declined by about 2% in 2020. The country produced 25,225,242 units in 2020, which declined from 25,750, 650 units in 2019. However, in Q1, 2021, the production reached 6,352,028 an increase of 81% over Q1 2020. The manufacturing activities have picking up pace, driving the demand for lubricants and greases.
China is one of the largest manufacturers of aircraft and one of the largest markets for domestic air passengers. Moreover, the aircraft parts and assembly manufacturing sector in the country is growing rapidly, with the presence of over 200 small aircraft parts manufacturers. Under the ‘Made in China 2025’ plan, China is expected to supply over 10% of homemade commercial aircraft to the domestic market by 2025. However, the aerospace industry slowed down due to the government restriction to curb the spread of COVID-19 in the short-term.
Following a disastrous year, China’s petrochemical industry is likely to find the light at the end of the tunnel in 2021, with the major drivers being rising demand, particularly from the local market, as well as a solid global economic recovery.
China is expected to increase refining capacity from 17.5 million barrels per day by the end of 2020 to 20 million barrels per day by 2025. China’s crude oil imports reached an all-time high in 2020, and the International Energy Agency believes that China will overtake the United States as the world’s top crude oil refiner this year.
Hence, owing to the aforementioned factors, the market studied in the country is likely to enhance at a healthy rate during the forecast period.

Competitive Landscape

The global molybdenum disulfide market is partially consolidated in nature, owing to the top few players occupying a significant share in the market studied in 2020. Some of the major players in the molybdenum disulfide (MoS2) market include Freeport-McMoRan, Jinduicheng Molybdenum Group Co., Ltd., Songxian Exploiter Molybdenum Co. Ltd, Luoyang Shenyu Molybdenum Co. Ltd, GRUPO MÉXICO, among others.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Molybdenum Market - Growth, Trends, and Forecast (2020 - 2025)

  • $ 4250
  • December 2020
  • 215 pages

The global molybdenum market is estimated to witness a healthy growth, at an estimated CAGR of around 4%, over the forecast period. Increasing steel production in china and growing demand from the energy ...

  • World
  • APAC
  • Molybdenum
  • Industry analysis
  • Molybdenum Production
  • Vehicle Production

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on