According to the research report titled ‘Global Molybdenum Disulfide Market by Type (Molybdenum Disulfide (MoS2) Powder and Molybdenum Disulfide (MoS2) Crystals), Application (Lubricant and coatings, Semiconductor, Catalysts, and Other Applications), by End-user Industry (Automotive, Aerospace and Defense, Electrical and Electronics, Construction, Chemical and Petrochemical, and Other End-user Industries),Regional Forecasts 2021-2027’, available with MarketStudyReport, global molybdenum disulfide market is anticipated to expand at a y-o-y growth rate of more than 2% during 2021-2027.
 

As per the report findings, increase in demand from various end-user industries, especially aerospace and defense industries, are majorly driving global molybdenum disulfide market growth.
 

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For the record, China Association of Automobile Manufacturers (CAAM) cites that automobile output saw a decrease in production by roughly 2%, in 2020. This figure saw a huge jump of 81% in Q1 2021. Growth in automotive and manufacturing sectors altogether is enhancing the demand for molybdenum disulfide.
 

On the contrary, presence of better alternatives may impede market expansion over the projection period, claims the study.
 

For the unversed, molybdenum disulfide is a silvery black solid mineral found in nature with a low friction coefficient of less than 0.1, and thermal and chemical stability. It is a dry/solid lubricant with excellent dry lubrication properties and can withstand temperatures as high as 350 degrees Celsius.
 

From regional perspective, Latin America, Asia Pacific, North America and Europe are the major regions considered for assessing global molybdenum disulfide industry size. Expert state that Asia Pacific captures majority market share owing to flourishing construction and electronic industry in the region.
 

Moreover, China is the world's largest electronics manufacturing base, and current upstream producers such as South Korea, Singapore, and Taiwan are competing aggressively, further enhancing the regional market outlook.
 

Considering competitive aspect, Centerra Gold Inc., Jinduicheng Molybdenum Group Co. Ltd., Songxian Exploiter Molybdenum Co. Ltd., Luoyang Shenyu Molybdenum Co. Ltd., Moly metal LLP, Merck KGaA, Tribotecc GmbH, American Elements, Freeport-McMoRan Inc., and Grupo Mexico are the major companies impacting the market dynamics.