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Molybdenum Disilicide Market Size, Share, and Analysis, By Temperature Grade (Up to 1700 Deg, 1700 Deg.-1900 Deg, Above 1900 Deg), By Grade (Agriculture, Pharmaceutical, Technical), By Application (Industrial Furnace, Laboratory Furnace), By End-use Industry (Agriculture, Food Processing, Electronics, Steel, Glass, Ceramics, Pharmaceuticals) and Regional Forecasts, 2022-2032
The Molybdenum Disilicide market size was USD 4.25 billion in 2021 and projected to grow from USD 4.7 billion in 2023 to USD 7.2 billion by 2032, exhibiting a CAGR of 4.9% during the forecast period.
Molybdenum disilicide is also called as Molybdenum Silicide and it is an inorganic compound having a tetragonal crystal-like structure, given as MoSi2. Molybdenum disilicide by appearance is grey in color, a metallic material and a finest pure material with a notable shelf life. Molybdenum disilicide is not soluble in most of the acids except hydrofluoric acid and nitric acid. For the manufacturing of Molybdenum Disilicide, key ingredient includes 99.9% molybdenum powder and 97% of pure silicon powder.
Global Molybdenum Disilicide Market is expected to project a CAGR of 4.9% during the forecast period, 2022-2032
Global Molybdenum Disilicide Market is expected to reach USD 7.2 billion at a CAGR of 4.9% during forecast period owing to the rising preference for the compound molybdenum disilicide over other, including polysilicon which is expected to boost the Global Molybdenum Disilicide market in the forecast period. Rising utilization of this compound in the production of ceramics, steel, electronics, and glass is expected to boost the demand for molybdenum disilicide in the forecast period. Molybdenum silicide is mentioned as a silicide of molybdenum, refractory ceramic, and an intermetallic compound which is usually used in several heating elements. The availability of raw materials and affordable labor is expected to propel the Global Molybdenum Disilicide market.
Global Molybdenum Disilicide Market Segmentation:Technical segment is expected to grow with high CAGR during the forecast period
Global Molybdenum Disilicide Market is classified based on the Grade into Agriculture, Pharmaceutical, Technical. Technical segment holds the largest share in the market and is also expected to grow in the forecast period owing to the rising utilization of this compound in the production of various material like ceramics, steel, electronics, and glass which is expected to boost the demand for molybdenum disilicide market in the forecast period.
Industrial Furnace segment is expected to grow with high CAGR in 2022-2032
Global Molybdenum Disilicide Market is classified based on the Application into Industrial Furnace, Laboratory Furnace. Industrial Furnace segment holds the largest share in the market and is also expected to grow in the forecast period. Molybdenum Disilicide is electrically conductive, has a melting point of 2030 °C, having a moderate density. Molybdenum disilicide possess high emission and is thermally stability that make them usable for numerous applications. It is extensively used as high emissivity coatings and is generally used in industries which is expected to boost the molybdenum disilicide market share.
Market Dynamics: Growth Drivers
Rising Utilization in Furnaces is Expected to Boost the Growth of the Market
The use of molybdenum disilicide in furnaces is increasing which is expected to lead the growth of molybdenum disilicide market during the forecast period. There has been a huge expansion of the automotive field due to the increased demand for electric vehicles in different countries which is set to assist the vehicle manufacturing materials like glass, steel, and iron. Glass furnace building depends on selection of refractory materials as furnace’s operating depends on quality refractories.
Increased Regulations is Expected to Boost the Growth of the Market
Few stringent norms are being introduced by the government, to prevent carbon emissions into the atmosphere, so the manufacturers of vehicles are using lightweight and high-strength steel components owing to the increasing adoption of steel components by the automotive industry which is expected to drive the demand for the global molybdenum disilicide market growth in the forecast period.
Pollution Emitted in Manufacturing May Restrain the Market Growth
Manufacturing of material are using high carbon-intensive process which contain steps like baking, curing, and mining materials. Numerous pollutants like organic compounds and carbon monoxide are emitted in the atmosphere during production processes which cause harm, leading to hampering to market growth. So, stringent norms to regulate the release of such toxic gases are being implemented by the government bodies.
(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Molybdenum Disilicide Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America dominated the Global Molybdenum Disilicide Market in 2021 and is also expected to dominate over the forecast period owing to the introduction of novel melting technology of glass across the countries in the region which may boost the growth of the Global Molybdenum Disilicide market. Due to the presence of well -established cement manufacturing industry in this region, the market is expected to grow. Increasing use of refractory bricks in the cement manufacturing industry is expected to drive the growth of Global Molybdenum Disilicide market.
Impact of Covid-19 on Global Molybdenum Disilicide MarketThe outbreak of the COVID-19 pandemic has resulted in the economic slowdown across the world. Many countries imposed strict lockdowns and travel bans to control the spread of coronavirus. With the imposition of lockdown and travel bans in many countries, there was a huge disruption in the manufacturing industries. Covid-19 has affected several industries and even led to shutdown of many business activities. COVID-19 has impacted the smart water meter market slightly due to the imposition of lockdown in manufacturing industry.
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Report Attribute |
Details |
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Market size value in 2021 |
USD 4.25 billion |
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Revenue forecast in 2032 |
USD 7.2 billion |
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Growth Rate |
CAGR of 4.9% from 2022 to 2032 |
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Base year for estimation |
2021 |
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Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2032 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Temperature Grade, Grade, Application, End use Industries and Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key companies profiled |
American Elements, Schupp Ceramics, I Squared R, ZIRCAR, MHI, Shanghai Caixing, Sandvik Coromant, Kanthal, Zhengzhou Chida, Yantai Torch and Other Prominent Players |
Global Molybdenum Disilicide Market size was estimated at USD 4.25 billion in 2021 and is expected to reach USD 7.2 billion in 2032.
Molybdenum disilicide is also called as Molybdenum Silicide and it is an inorganic compound having a tetragonal crystal-like structure, given as MoSi2. Molybdenum disilicide by appearance is grey in color, a metallic material and a finest pure material with a notable shelf life. Expansion of the petrochemical industry need specialized refractory materials which are expected to create new growth opportunities for key players.
Technical and Industrial Furnace segment accounted for the largest Global Molybdenum Disilicide market share.
Key players: American Elements, Schupp Ceramics, I Squared R, ZIRCAR, MHI, Shanghai Caixing, Sandvik Coromant, Kanthal, Zhengzhou Chida, Yantai Torch and Other Prominent Players are the key players in the Global Molybdenum Disilicide Market.
Increased utilization in Furnaces and Increased regulations are the factors driving the Global Molybdenum Disilicide market.
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