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Molybdenum Disulfide (MoS2) Market to Grow by USD 99.6 Million from 2024-2028, Driven by Rising Demand from End-User Industries and AI-Driven Market Transformation – Technavio

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NEW YORK, Nov. 6, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global molybdenum disulfide (MOS2) market size is estimated to grow by USD 99.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.2% during the forecast period. Increasing demand due to growing end-user industries is driving market growth, with a trend towards increased construction activities to provide enhanced opportunities. However, presence of alternative materials poses a challenge.Key market players include American Elements, ARK Co. Ltd., Centerra Gold, EPRUI Biotech Co. Ltd., Freeport McMoRan Inc., FUCHS PETROLUB SE, JinMo Group, Luoyang Shenyu Molybdenum Co. Ltd, McGee Industries Inc., Moly Metal LLP, Omkar Speciality Chemicals, Rose Mill Co., Sigma Aldrich Chemicals Pvt Ltd, Shanghai Xinglu Chemical Technology Co. Ltd., Treibacher Industrie AG, and US Research Nanomaterials Inc..

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Molybdenum Disulfide (MoS2) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.2%

Market growth 2024-2028

USD 99.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.0

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 52%

Key countries

Germany, China, US, India, and Japan

Key companies profiled

American Elements, ARK Co. Ltd., Centerra Gold, EPRUI Biotech Co. Ltd., Freeport McMoRan Inc., FUCHS PETROLUB SE, JinMo Group, Luoyang Shenyu Molybdenum Co. Ltd, McGee Industries Inc., Moly Metal LLP, Omkar Speciality Chemicals, Rose Mill Co., Sigma Aldrich Chemicals Pvt Ltd, Shanghai Xinglu Chemical Technology Co. Ltd., Treibacher Industrie AG, and US Research Nanomaterials Inc.

Market Driver

The global molybdenum disulfide (MOS2) market is set to experience notable growth due to its increasing usage in construction activities. MoS2 is a preferred choice for construction machinery and equipment due to its excellent lubrication properties, which enhances their efficiency and lifespan. Its ability to endure high pressures and temperatures makes it suitable for heavy-duty applications. Moreover, MoS2 is employed in protective coatings to safeguard structures from corrosion and wear, increasing its demand in the construction sector. With urbanization and infrastructure development on the rise, particularly in emerging economies, the requirement for efficient construction materials like MoS2 is anticipated to expand. This trend is likely to generate lucrative opportunities for MoS2 manufacturers and suppliers, contributing to the expansion of the market. The material’s versatility and effectiveness in diverse applications make it an essential component in contemporary construction projects, fostering innovation and efficiency throughout the industry. Therefore, these factors are projected to fuel the growth of the MoS2 market during the forecast period. 

The Molybdenum Disulfide (Mos2) market is experiencing significant growth due to its unique properties in various industries. In the aerospace sector, Mos2 is used for lubrication in bearings and chassis, providing excellent friction reduction and corrosion resistance. In the transportation sector, Mos2 is utilized as a solid lubricant in heavy vehicles and railway grease, enhancing oxidation resistance and chemical stability. Mos2 is also a popular choice in the electronics industry for its electrical conductivity and use in semiconductors. General engineering and manufacturing processes benefit from Mos2’s high conductivity and quality control capabilities. Urbanization and infrastructure investments have led to increased demand for Mos2 in water treatment and petrochemicals, where it is used as an alternative to Tungsten disulfide in engine oils and transmission fluids. Mos2’s inorganic compound structure offers superior corrosion resistance and chemical stability. Moreover, Mos2’s use extends to advanced semiconductor technology, light emitting diodes, lasers, and super capacitors. Its trending use as an OEM lubricant and in microelectronics highlights its importance in high-tech industries. With growing environmental awareness, Mos2’s use as a solid lubricant in various industries offers a sustainable solution for friction reduction. 

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Market Challenges

The Molybdenum Disulfide (MoS2) market may face challenges due to the availability of alternative materials, specifically Tungsten Disulfide (WS2). WS2 shares a similar lamellar structure and features with MoS2, including a low coefficient of friction, good chemical stability, and thermal stability. With the advancement of mechanical exfoliation techniques, single layers of WS2 can be isolated, revealing its unique properties. WS2’s bandgap changes from indirect to direct when transitioning to a 2D material, making it a promising material for various applications. Like MoS2, WS2 boasts a high on/off ratio in field-effect transistors, controllable spin and valley polarization, and tunable photoluminescence. Consequently, the presence of WS2 as a viable alternative may hinder the growth of the MoS2 market during the forecast period.The Molybdenum Disulfide (Mos2) market is experiencing significant growth due to its unique properties in various industries. In microelectronics, Mos2 is used as an alternative to Tungsten disulfide in high-tech industries for its superior conductivity and electrical stability in semiconductors and advanced semiconductor technology. In infrastructure investments, Mos2 is utilized in water treatment for its chemical stability and corrosion resistance. The petrochemical industry uses Mos2 in engine oils and transmission fluids for friction reduction and lubrication. In the manufacturing processes of super capacitors, Mos2’s high conductivity and electrical stability are essential. For infrastructure development, Mos2’s use in construction as a reinforcing agent is increasing. The aerospace and defense industry, electric vehicles, and automotive production also benefit from Mos2’s lightweight, high-strength, and excellent thermal stability. The transition metal dichalcogenide is also used in lubricants for commercial airplanes, consumer electronics, and greases. The environmental awareness trend is driving the demand for Mos2 in the production of lubricants for electric vehicles. The challenges for the Mos2 market include ensuring quality control, cost-effective manufacturing processes, and the development of alternatives to crystalline MoS2 for specific applications. The military sector is also exploring the potential uses of Mos2 in various applications due to its excellent conductivity, conductive stability, and friction coefficient.

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Segment Overview

This molybdenum disulfide (mos2) market report extensively covers market segmentation by

Product 1.1 Powder1.2 CrystalGeography 2.1 APAC2.2 North America2.3 Europe2.4 South America2.5 Middle East and Africa

1.1 Powder- The molybdenum disulfide (MoS2) powder segment holds a significant position in the global MoS2 market due to its extensive applications. Its exceptional lubrication properties make it a preferred choice in industries such as automotive, aerospace, and industrial machinery. MoS2 powder reduces friction and wear, improving mechanical component performance and longevity. In 2022, the powder segment accounted for the largest revenue share, driven by its use in lubrication, friction reduction, and as a solid lubricant. The automotive industry benefits from MoS2 powder, enhancing engine efficiency and reducing wear on moving parts. Historically used as a lubricant in greases, MoS2 powder is a dry, insoluble in water and dilute acids, powdered lubricant ingredient. It is also employed as a co-catalyst in petrochemistry for desulfurization processes like hydrodesulfurization. These factors are expected to fuel the growth of the MoS2 powder segment in the forecast period.

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Research Analysis

Molybdenum Disulfide, also known as MoS2, is a versatile inorganic compound known for its exceptional properties, including high lubricity, oxidation resistance, and corrosion protection. It is widely used in various industries due to its ability to enhance the performance of lubricants in extreme conditions. In the transportation sector, MoS2 is extensively used in automotive production and heavy vehicles for chassis lubrication and in railway grease. The electric vehicle industry also utilizes MoS2 in lubricants for improved efficiency and longevity. In the aerospace and defense sector, MoS2 is used in lubricants for bearings and other critical components due to its high performance under extreme temperatures and pressures. The electrical and electronics industry uses MoS2 in the form of powders and crystals for applications such as lubricants in LEDs, lasers, and water treatment. The petrochemical industry uses MoS2 in engine oils and transmission fluids to enhance their performance and longevity. Overall, Molybdenum Disulfide is a valuable resource for various industries, offering superior lubrication, oxidation resistance, and corrosion protection.

Market Research Overview

Molybdenum Disulfide (Mos2), a transition metal dichalcogenide, is a versatile inorganic compound with unique properties that make it an essential component in various industries. Its high thermal and conductive stability, low friction coefficient, and excellent lubrication properties make it an ideal choice for use in lubricants, particularly in the transportation sector. In automotive production, Mos2 is used in greases for chassis lubrication and in heavy vehicles for bearing applications. In the aerospace and defense industry, it is used for corrosion protection and oxidation resistance in commercial airplanes and military applications. In the electrical and electronics sector, Mos2 is used in solid lubricants for microelectronics, semiconductors, and advanced semiconductor technology. Its use extends to the construction industry for infrastructure investments, and in the petrochemical industry for engine oils and transmission fluids. Mos2 is also used in the manufacturing processes of light emitting diodes, lasers, and water treatment systems. Its high electrical conductivity and chemical stability make it an essential component in super capacitors and batteries. The growing trend towards electric vehicles and environmental awareness is driving the demand for Mos2 as an alternative to traditional lubricants like tungsten disulfide.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductPowderCrystalGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Green Cubes Technology Unveils Revolutionary Swappable Power Platform for Mobile Workstations

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Innovative Swappable Power Platform is designed for mobile medical and industrial workstations

KOKOMO, Ind., Nov. 6, 2024 /PRNewswire-PRWeb/ — Green Cubes Technology, a leader in providing cutting-edge power solutions, today announced the launch of its innovative Swappable Power Platform designed for mobile medical and industrial workstations. This breakthrough AC platform aims to streamline the power system design process for manufacturers, providing a cost-effective and time-saving solution for powering mobile workstations.

The Green Cubes swappable battery platform is configurable and can be easily integrated into a comprehensive platform to provide the power required,” said Joe Richards, Senior Vice President of Product Development at Green Cubes, “making the conversion to power as simple as design in and go.”

The Swappable Power Platform is a complete pre-engineered energy storage solution that includes three essential components:

1. Battery Assembly:

Utilizes LiFePO4 technologyOffers 290Whr at 19.2 volts nominalDelivers a continuous power output of up to 300WCompliant with IEC 62133 standards

2. Cart Power Module:

Supports one or two batteries with 300 Watt continuous power outputAvailable models with 120VAC @ 60 Hz and 230VAC @ 50 Hz outputFeatures universal input from 100VAC to 230VAC @ 50Hz to 60 HzIncludes 2 minutes of integrated battery backup for hot swap operationCharges both internal integrated and external swap batteriesMeets IEC 60601 standardsOptional remote LCD display available

3. Charger:

Capable of charging two or four batteries simultaneouslyUniversal input from 100VAC to 230VAC @ 50Hz to 60 HzCompliant with IEC 60601 standardsOptional remote LCD display available

“Designed with the OEM in mind, the Green Cubes swappable battery platform is configurable and can be easily integrated into a comprehensive platform to provide the power required,” said Joe Richards, Senior Vice President of Product Development at Green Cubes. “This makes the conversion to power as simple as design in and go.”

Exceeding the highest performance for equipment manufacturers, the Green Cubes swappable battery platform offers a highly accurate state-of-charge display with a five-stage LED indicator. Its advanced technology, featuring cell balancing, ensures maximum cycle life and runtime.

About Green Cubes Technology
Green Cubes Technology develops and manufactures safe and reliable electrification solutions that enable its OEM and enterprise customers to transition from Lead Acid and Internal Combustion Engine (ICE) power to Lithium-ion battery power. Green Cubes utilizes proven hardware and software platforms to build the most reliable Lithium power solutions in its industries. With over 300 employees across six countries, Green Cubes has been producing innovative, high-performance and high-quality power solutions since 1986. For more information about Green Cubes Technology and its innovative power solutions, please visit http://www.greencubes.com.

Media Contact

Hayley Luz, Green Cubes Technology, 425-918-2742, hluz@greencubes.com, www.greencubes.com

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Big wins await retailers that focus on the first and final hours of seasonal sales

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Criteo research finds that online sales in the opening and closing hours of Singles Day capture over 300% increase in transaction volume across Southeast Asia

SINGAPORE, Nov. 7, 2024 /PRNewswire/ — Criteo (NASDAQ: CRTO), the commerce media company, today unveiled key insights from the 2023 Singles’ Day sales across Southeast Asia (SEA) and Greater China.

Singles’ Day (11/11) presents an enormous opportunity for retailers in these regions to connect with consumers at crucial decision-making moments, build brand loyalty and stand out from the competition. In 2023, online retail transactions in SEA surged 140% compared to the first week of October, and the average basket size increased by 16% compared to the same baseline. In Greater China, online retail transactions grew 237% while the average basket size saw a 6% uptick.

“As the year-end sales season draws near, it’s timely to glean past insights to better seize the opportunities that lie ahead,” said Taranjeet Singh, Managing Director, Venture Markets, APAC at Criteo. “One thing is clear: such e-commerce events hold tremendous potential and impact for brands and retailers to capitalise on the moment. In providing these datasets, we hope to empower our brand and retail partners to maximise sales opportunities and enhance customer experiences as Singles’ Day draws around once more.”

Key findings: 

1.    Singles’ Day is the largest seasonal sales opportunity for retailers

Across the board, all sales metrics perform higher on Singles’ Day – be it online retail transactions, unit sales, and average basket sizes. This marks consumers’ willingness to spend during this period, which is widely known for its festive deals, loyalty promotions, and immersive e-commerce experiences.

In Southeast Asia:

Online retail transactions surged by 140% compared to the first week of October 2023.In comparison, sales on Black Friday 2023 increased 101% from the first four weeks of October 2023.Unit sales, which denotes the number of individual items sold, skyrocketed by 178%, compared to 139% in 2022.During Cyber 6 (Black Friday to Cyber Wednesday 2023), sales increased 4% compared to the same period in 2022.The average basket size, which indicates the quantity of products purchased per transaction, also saw a notable uptick of 16%, compared to the first week of October 2023.The top-performing product categories, based on indexed transactions from the first week of October 2023, comprise Baby & Toddler (+407%), Health & Beauty (+352%) and Furniture (+277%). 

In Greater China:

Online retail transactions surged by 237% compared to the first week of October.In comparison, sales on Black Friday 2023 rose 58% from the first four weeks of October 2023.Unit sales saw a 257% increase, compared to 248% in 2022.Sales during Cyber 6 (Black Friday to Cyber Wednesday 2023) increase 2% compared to the same period in 2022.The average basket size saw an uptick of 6%, compared to the first week of October.The top-performing product categories, based on indexed transactions from the first week of October 2023, comprise: Health & Beauty (417%), Home & Garden (326%), Luggage & Bags (311%) and Toys & Games (311%).Online transactions saw a 9% Year-on-Year growth on Singles’ Day.Interestingly, average order values showed an increase of 14%, with the average unit price going up by 7%.

2.     Shoppers are prepared to spend the most during the first and last hours of Singles’ Day

Shopper activity tends to spike in the first (12AM – 1AM) and last hours (11PM – 12AM) of the day. Early bird shoppers are a segment of shoppers who tend to prepare their shopping baskets ahead of time in anticipation of discounts and offers. These early bird shoppers represent a crucial segment for brands to capitalise on by offering flash discounts or loyalty promotions. Meanwhile, last-minute shoppers tend to seize deals available at the day’s final hours – marking a final opportunity to convert buyers who hold out until the very end for a good deal. Savvy retailers that take note of this pattern will leverage their retail media platforms to drive and serve ads in the lead-up to and prior to the closing of these sales events.

The first hour of Singles’ Day (12AM – 1AM) sees the greatest spike in SEA online transactions (+325%) and unit sales (+370%), compared to baseline sales at the start of October.This trend is reversed in Greater China, with online transactions (+345%) and unit sales (363%) spiking in the final hour of Singles’ Day (11PM – 12AM).

3.      ‘Tis the season to convert new buyers: conversion rates are exceptionally high during Singles’ Day

In the past few years, Singles’ Day has consistently recorded substantial spikes in new purchases by new buyers. While the number of new buyers fell in 2023, there is still a clear opportunity to convert new customers and establish lasting customer relationships during this period. Retailers who can build on this momentum of first-time buyers during Singles’ Day will also see the chance to ensure continued patronage as the holiday season progresses.

Singles’ Day 2023 saw a whopping 63% increase in new shoppers in SEA compared to the month of October.

Taking action:

Sales events such as Singles’ Day are becoming more important for consumers today and represent a growing opportunity for retailers and brands. To realise the true potential of such events, retailers and brands should follow these key learnings for sales season:

1.     Starting Early Matters: with sales events recording much higher-than-average transaction figures, ensuring the relevant media collateral and sales logistics are ready in advance will be helpful to signpost and facilitate consumer purchases. Shoppers tend to plan their purchases in advance, and 47% of consumers globally[1] tend to start their search at retailers rather than search engines, when they know the general type of item they want to buy. As retail media continues to grow with new formats such as offsite and in-store, using retail media allows brands and retailers to engage shoppers further up the funnel, to aid product discovery and boost brand awareness.  Kicking off new campaigns early also ensures campaigns are optimised as shoppers start researching. Brands can also gain a sales boost by expanding their retailer sets to small or medium-size retailers.

2.     Go Full-Funnel: Retail media can help drive positive outcomes during sales events and build lasting customer relationships. Layering sponsored products and offsite campaigns push the needle in capturing new and returning customers during such events and keeping the brand or retail platform top of mind. Keeping in mind that shoppers tend to view several brands before deciding, these tactics also build brand appeal and create a strong impression with shoppers in each stage of their shopping journey.

3.     Be Diligent with Speed: There is increased shopper activity in the first and final hours of these sales events. Savvy retailers and brands drive additional sales by leveraging the data to plan budget accordingly and positioning key advertisements in front of these shoppers in those critical moments.

Methodology

Criteo captures organic data from 20 countries, 600 product categories and over 19,000 advertiser clients. Indexed sales are monitored on retailers who partner with Criteo Marketing Solutions and Criteo Retail Media. Criteo data includes only product categories represented by at least 5 retailers at the most granular level. Organic data means that all events from our clients, including those not attributed to Criteo, are leveraged. This allows us to produce insights regarding the market rather than Criteo campaigns.

About Criteo 

Criteo (NASDAQ: CRTO) is the global commerce media company that enables marketers and media owners to drive better commerce outcomes. Its industry leading Commerce Media Platform connects thousands of marketers and media owners to deliver richer consumer experiences from product discovery to purchase. By powering trusted and impactful advertising, Criteo supports an open internet that encourages discovery, innovation, and choice. For more information, please visit www.criteo.com.

[1] Criteo shopper survey, Q3 2024, Global (N=7120)

Criteo 2023 Holiday Shopping Season Country-Specific Findings 

In Singapore:

Singles’ Day remains the largest seasonal sales opportunity for retailers in Singapore, with online sales skyrocketing +159% on 11/11 compared to the first four weeks of October.In comparison, sales on Black Friday 2023 surged 104%, compared to the first four weeks of October 2023.

In Indonesia

Singles’ Day remains the largest seasonal sales opportunity for retailers in Indonesia, with online sales skyrocketing +194% on 11/11 compared to the first four weeks of October.In comparison, sales on Black Friday 2023 surged 56%, compared to the first four weeks of October 2023.

 

View original content:https://www.prnewswire.com/apac/news-releases/big-wins-await-retailers-that-focus-on-the-first-and-final-hours-of-seasonal-sales-302298185.html

SOURCE Criteo

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CapBridge is an Authorised Distribution Partner of UBS’s First Tokenised Money Market Fund, uMINT

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SINGAPORE, Nov. 7, 2024 /PRNewswire/ — On November 1st, UBS Asset Management announced the launch of its first tokenised investment, UBS USD Money Market Investment Fund Token (uMINT).  CapBridge, a digital investment platform and a member of FOMO Group, has been selected as an authorised distribution partner of uMINT, offering this innovative investment product to its corporate and institutional clients.

Built on the Ethereum blockchain, the launch of uMINT forms part of the broader expansion of UBS’s tokenisation services through UBS Tokenize. Tokenholders can now access UBS Asset Management’s institutional grade cash management solutions underpinned by high quality money market instruments based on a conservative, risk-managed framework. UBS’s tokenisation services seek to address growing investor demand for tokenised financial assets across asset classes.

Johnson Chen, Founder and CEO of CapBridge, said, “At CapBridge, we are always committed to bridging the gap between digital and traditional assets. The launch of UBS’s first tokenised money market fund highlights the synergy between traditional banking and digital asset innovation. CapBridge is delighted to be an authorised distribution partner of uMINT, contributing to the greater mission of making digital finance products more accessible to a wider range of investors and moving towards the seamless integration of traditional and digital finance.”

Earlier in May this year, CapBridge was also selected to be the international partner for Hong Kong’s virtual asset ETFs, namely spot virtual asset ETF products issued by Bosera Asset Management, China Asset Management, and Harvest Global Investment listed on the Hong Kong Stock Exchange.

Looking ahead, CapBridge remains dedicated to serving as a one-stop platform for investors looking to invest in both traditional and digital asset funds.  

About CapBridge
CapBridge, a member of FOMO Group, is a leading digital investment platform headquartered in Singapore. As a Capital Markets Services licensee, CapBridge is regulated by the Monetary Authority of Singapore (MAS) to deal in capital markets products, including securities and collective investment schemes, and to provide custodial services. It is also an exempt financial adviser licensed to issue or promulgate analyses and reports on investment products.

CapBridge enables HNWIs and institutional clients to invest in traditional and digital assets via its one-stop digital investment platform, providing highly curated, top-quality, and institutional-grade opportunities to meet clients’ diverse asset allocation needs. Through CapBridge’s associated company, FOMO Pay Pte Ltd, a regulated MAS Payment Services Act (PSA) Digital Payment Token (DPT) entity, qualified clients can also invest into CapBridge curated products using DPTs, providing a seamless bridge between Traditional Finance (TradFi) and Web3 Finance.

For more information, please visit www.capbridge.sg. For media inquiries, please contact media@capbridge.sg

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