Molybdenum Disulfide (MoS2) Market Projections & Future Opportunities Recorded for the Period 2022-2031

Japan, Japan, Thu, 24 Feb 2022 08:09:55 / Comserve Inc. / -- Molybdenum Disulfide (MoS2) Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast

The market molybdenum disulfide is expected to grow at a CAGR of more than 4% during the forecast period. Major factors driving the market studied are an increase in demand from various end-user industries. On the flipside, the impact of the COVID-19 pandemic is expected to hinder the growth of the market.

- By application, the lubricants 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.

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Key Market Trends

Automotive Segment to Dominate the Market

- 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.
- The automobile industry growth in the country is facing a downward trend for the past three years. The production of vehicles is declining, and the country produced 2.02 million vehicles in 2018, which is down by 7.9% compared to the previous year (2017 also witnessed a decline in production by 7.2%). The industry witnessed an almost similar trend in 2019, as the production is down by 5.4% to 1.92 million vehicles. The downward trend is expected to continue in 2020, as there is a drop in sales by about 3.2% in 2019 compared to 2018. This market scenario and lack of domestic demand are likely to impact the automotive industry, thereby affecting the market studied.
- In almost all the major economies, the automotive industry has been under severe shortage of growth, which is further affected by the outbreak of COVID-19. However, the automotive industry is expected to increase in the coming years, thereby driving the consumption of molybdenum in the coming years.
- In Q1 2020, the production of automotive has seen a decline of more than 23.1% year-on-year over Q1 2019. While in second quarter of 2020, the production has further declined by 32.4%. However, as lockdowns are being lifted combined with economic aid stimulus packages has helped automotive sales in third quarter of 2020 in turn partially clearing some of the negative sentiments in previous quarters affecting the market studied.
- The rise in need for personal vehicles in COVID-19 scenarios is also a positive factor observed in developing economies which has pushed the automotive sales in third quarter of 2020. For instance, in September, the global automotive market has posted a decline of only 7.5% over 2019 (September) compared to more than 20%-30% decline in previous quarters.
- However, due to the outbreak of COVID-19, the automotive industry was the most affected industry, with a rapid decrease in production. A total of 6.13 million vehicles were produced in the first half of 2020 compared to 10.44 million vehicles in H1 2019, which registered a huge decline of about 41.3%.

China to dominate the Asia-Pacific Market

- In Asia-Pacific, China is the largest economy, in terms of GDP. The country witnessed about a 6.1% GDP growth rate in 2019, even after the trade disturbance caused due to its trade war with the United States.
- Although China was the first country affected by COVID-19 and its related lockdown, it was the first country to come out of lockdown as well. Additionally, manufacturing is heavily impacted, and it is expected to continue with slow growth in 2020. Moreover, a significant share of the Chinese economy is linked to foreign exports, where demand was low due to lockdowns being practiced in various countries because of the COVID-19 outbreak. This has negatively affected the Chinese industry, in 2020.
- According to the International Monitory Fund (IMF) projections, the Chinese GDP growth is forecasted to be about 1.9% in 2020 due to the COVID-19 outbreak in the country. However, it is expected to recover and reach 8.2 by the end of 2021.
- The Chinese automotive manufacturing industry is the largest in the world. The industry witnessed a slowdown in 2018, wherein the production and sales declined. A similar trend continued, with the production witnessing a 7.5% decline during 2019. The performance of the automotive industry was affected by the economic shifts and China's trade war with the United States.
- However, due to the coronavirus pandemic and the implementation of lockdown, the automotive manufacturing units have been shut down in the first quarter. ​In the first quarter of 2020, the production of automotive vehicles in the country has seen a decline to more than 45%, owing to COVID-19 impact, which has severely affected the demand for automotive interior coatings in the country.
- China is one of the largest manufacturer of aircrafts and one of the largest market for domestic air passengers. According to International Air Transport Association, IATA, the domestic air passenger in China in 2018 are 515 million and are expected to crossed 600 million by 2020. The growing aerospace industry in the country is expected to boost the market for Molybdenum. This in turn is boosting booth construction and aerospace industry simultaneously. However, the aviation industry in China is hard hit due to the corona virus. In 2020, the aviation industry suffered a loss of about CNY 38.1 billion in first quarter and about CNY 34.2 billion in second quarter. According to Civil Aviation Administration of China CAAC, a total of 30.74 million passengers flew in June, down by 42.4% year on year.

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- Construction industry is one of the largest industries in the country. The sector has witnessed a significant growth even in middle of economic crisis. This is due to the country's belief that infrastructure investment is an option to boost economic growth during slow down. Similar kind of investments are expected in the construction industry to push the economic growth, back to recovery post covid-19. The construction activity in the country resumed from April, after implementation of lockdown when almost all industries have been shutdown in January.
- All these aforementioned factors are projected to increase the consumption of molybdenum disulfide during the forecast period in the country.

Competitive Landscape

The molybdenum disulfide (MoS2) market is partially fragmented in nature, with no major player having a clear dominance over the market. Some of the major players in the molybdenum disulfide (MoS2) market include Freeport-McMoRan, GRUPO MÉXICO, Jinduicheng Molybdenum Group Co., Ltd., Rose Mill Co., and TRIBOTECC GMBH, among others.

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increase in Demand from Various End-user Industries
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Impact of COVID-19 Pandemic
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5 MARKET SEGMENTATION

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