The global molybdenum disilicide market is poised for substantial growth, with an anticipated valuation of US$ 8.5 billion by 2032, representing a robust CAGR of 7.2% from 2022 to 2032. This growth trajectory is driven by a shifting preference toward molybdenum disilicide over alternative compounds like polysilicon.
Currently valued at US$ 4.1 billion in 2022, the market is experiencing a surge in demand across various industries. Molybdenum disilicide, often referred to as molybdenum silicide, is a versatile refractory ceramic and intermetallic compound extensively employed in the manufacturing of ceramics, electronics, steel, and glass.
What sets molybdenum disilicide apart is its exceptional properties. With a high electrical conductivity, a remarkable melting point of 2030°C, and moderate density, it proves indispensable in heating elements. Moreover, at elevated temperatures, it forms a protective silicon dioxide passivation layer, shielding itself from oxidation.
This compound’s attributes, such as high emissivity and thermal stability, make it a vital material for various applications, including serving as high emissivity coatings for atmospheric entry in heat shields. As industries continue to harness its unique properties, the molybdenum disilicide market is on an upward trajectory, promising significant growth in the years to come.
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Market Dynamics: Molybdenum Disilicide Market
The use of Molybdenum Disilicide in refractory furnaces is considered to be a major driver for the market growth. Additionally, the use of molybdenum disilicide as a contact material in microelectronics is also aiding the growth of molybdenum disilicide market.
The preference of using molybdenum disilicide over substitute compounds such as Polysilicon due to very low hazardous effects and cost is also augmenting its consumption in the end use industries. However, as molybdenum disilicide is in the initial stage of growth with its awareness of use at a limited extent, the growth of molybdenum disilicide market has been restrained on global scale.
In spite of the current scenario, the subsequent growth of global molybdenum disilicide market is expected to gain traction in forthcoming years. The growth opportunities are also expected to offer from other end use industries such as food processing and pharmaceuticals for the global molybdenum disilicide market in the near future.
Regional Outlook: Molybdenum Disilicide Market
Molybdenum disilicide market is experiencing positive growth in the end use industry owing to, structural development, government initiative towards the manufacturing sector growth, etc. In terms of incremental $ opportunity, manufacturers from North America and Western Europe are estimated to represent a significant incremental $ opportunity in between forecast period.
On the basis of regional perspective, North America followed by Western Europe is estimated to be the key producer as well as consumer of molybdenum disilicide globally and is expected to witness for lucrative growth in the coming future owing to increasing demand from glass and ceramics industries in the region.
Developing countries in the Asia Pacific region, especially China and India, estimated to play substantial role in the growth of the molybdenum disilicide market during the forecast period owing to, increasing industrial activities, and accessibility of raw materials.
In terms of market volume share, more than two third of market volume is dominated by Asia Pacific region, especially from China, India and ASEAN countries. Middle East & Africa and Latin America region are expected to witness for moderate growth in the second half of forecast period as compared to first half.
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Some of the key players of the molybdenum disilicide market are
- I Squared R
- American Elements
- ZIRCAR
- Kanthal
- MHI
- SCHUPP
- Zhengzhou Chida
- Shanghai Caixing
- Yantai Torch
The molybdenum disilicide report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with molybdenum disilicide market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Molybdenum Disilicide market is segmented on the basis of temperature grade, application, grades and end use
On the basis of temperature grade
- Up to 1700 Deg.
- 1700 Deg.–1900 Deg.
- Above 1900 Deg.
On the basis of the application
- Industrial
- Laboratory
On the basis of grades
- Agriculture
- Pharmaceutical
- Technical
On the basis of end-use industry
- Agriculture
- Food Processing
- Electronics
- Steel
- Glass
- Ceramics
- Pharmaceuticals
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