Molybdenum Trioxide Nanopowder Market Forecasts to 2028 - Global Analysis By Particle Size (<80 nm, 80-100 nm and Other Particle Sizes), Purity (>99.99%, ≥99.94%-99.99%, ≥99.5%-99.94% and Other Purities), Application (Electrochemical Capacitors, Catalysts and Other Applications), End User (Automotive and Transportation, Ceramics and Other End Users) and Geography
According to Stratistics MRC, the Global Molybdenum Trioxide Nanopowder Market is accounted for $1.8 billion in 2022 and is expected to reach $4.4 billion by 2028 growing at a CAGR of 15.5% during the forecast period. High-purity molybdenum oxide is available as MoO3 nanopowder. Molybdenum trioxide is a suitable material to be used in catalysis, such as cracking catalysis, electrocatalysis, photocatalysis, and hydrogenation catalysis, due to its properties, such as better temperature stability and higher mechanical strength than its bulk counterpart. With MoO3 octahedra that overlap edges and verges, the molybdenum trioxide structure is uniquely layered and takes the form of a puckered-layered unit.
According to Penn State and North-eastern University, wearable gas sensors for environmental and human health monitoring are expected to be commercially available in the near future.
Market Dynamics:
Driver:
Rise in Usage of Electrochemical Energy Storage
Increased investment in the renewable sector is expected to aid in supplying the growing demand for energy worldwide. Systems for storing energy play an essential role in the storage of renewable energy. Additionally, they assist the grid's efficient integration of renewable energy sources. Systems for storing electrochemical energy have the ability to significantly aid in the development of sustainable energy. They absorb, store, and discharge electrical energy. As a result, the development of flexible, portable electronics and energy storage technologies, primarily fuel cells and supercapacitors, has increased. Furthermore, they enable consistent power production, peak and frequency control, and reserve capacity. As a result, a majority of energy-related companies are making massive investments in energy storage technologies, which is promoting market growth.
Restraint:
High price of Advanced Ceramics to Restrict Growth
The high cost of cutting-edge products has limited their use in many industries. Due to the expense of their R&D, production process, and use of premium stones, their products are expensive. High-end machinery is needed for process stages such as raw material processing, sintering, and diamond grinding, which raises the product's cost and consequently its price. Additionally, sophisticated ceramics are more expensive than metal and alloy alternatives because they have higher abrasion and electrical resistance. Furthermore, the demand for customised products from end users drives up the price of these materials and prevents their widespread application.
Opportunity:
Increase in Demand for Transition Metal Oxides as Catalysts
Owing to their low cost, high activity, and stability, transition metal oxides are widely used in environmental and energy catalysis. MoO3 is a transition metal oxide that offers high stability, n-type semiconductivity, and nontoxicity. As a result, MoO3 nanopowder is frequently used in redox chemistry, photocatalysis, and electrocatalysis. Additionally, it is used in catalytic cracking, electrocatalytic hydrogen evolution, photocatalytic hydrogen evolution, and ammonia borane dehydrogenation as a hydrogenation catalyst. Therefore, it is predicted that growth in the catalyst sector will increase the molybdenum trioxide nanopowder market throughout the forecast period.
Threat:
High initial cost of the gas sensors
Electronic devices become more automated with the inclusion of sensors, but it also comes with an additional expense, so it is generally avoided in applications that are intended to be more economically viable. Although the use of sensors allows for additional features and increases automation, doing so comes at a cost; hence, it is avoided in systems that are intended to be economical. Smart phones, laptops, and cameras are just a few examples of devices that are used continuously for extended periods of time. As these devices have temperature-sensitive components, the sensors in these devices cause heating problems and reduce their overall life. Because sensors depend on the device battery to function, battery-powered devices have shorter battery lives hindering the market growth.
Covid-19 Impact
The COVID-19 epidemic had a significant effect on every aspect of the world's economies. It had a huge influence on the molybdenum trioxide nanopowder market, causing the majority of companies to change how they operated in reaction to the outbreak. The pandemic affected business revenues directly, but it also delayed overall development for most Molybdenum Trioxide Nanopowder enterprises, which had an influence on long-term goals and revenue projections.
The <80 nm segment is expected to be the largest during the forecast period
The efficacy of nanomaterials in catalysis and reaction kinetics is affected by particle size. Increased circulation, biodistribution, and clearance are imparted by nanoparticles with smaller particle sizes. This enables the unexpected optical, physical, and chemical properties of nanoparticles. This indicates that nanoparticles with particle sizes of about 80 nm improve performance.
The catalysts segment is expected to have the highest CAGR during the forecast period
Catalysts for various catalytic reactions include MoO3 nanopowder. The use of MoO3 nanopowder to minimise NOx gas emissions in the environment is likely being driven by growing pollution concerns. The electrocatalytic evolution of hydrogen uses MoO3 as a catalyst. Additionally, to generate hydrogen from water, the photocatalytic hydrogen evolution reaction is essential. Furthermore, hydrogen is one of the most viable energy carriers due to its high calorific value and clean attributes.
Region with largest share:
The Asia-Pacific region's expanding infrastructure development is to account for a substantial portion. Furthermore, the region's molybdenum trioxide nanopowder market is also expanding due to the availability of raw materials for product manufacturing. Due to the low cost of healthcare in nations like China and India, numerous initiatives are being launched to enhance sanitation and boost medical tourism in this market.
Region with highest CAGR:
The market expansion in Europe will be attributed to the region's rapid increase in technical product demand as well as the increasing use of ceramic coatings. Furthermore, the growing electronics industry in the area is also anticipated to raise demand for electro-ceramic in Molybdenum Trioxide Nanopowder market. Additionally, the rise in the export of tiles and kitchenware due to their high product quality is boosting the market in Europe.
Key players in the market
Some of the key players in Molybdenum Trioxide Nanopowder market include US Research Nanomaterials, Inc, Nanografi Nano Technology, American Elements, Nano Research Elements Inc, Merck KGaA, Nanoshel LLC, Hongwu International Group, SAT Nano Technology Material Co., Ltd, SkySpring Nanomaterials, Inc, Novarials Corporation, Hunan Fushel Technology Ltd., Shanghai Theorem Chemical Technology Co., Ltd and Edgetech Industries LLC
Key Developments:
In October 2022, Merck KGaA opened a new manufacturing facility in Martillac, France, to support the service delivery of its Life Sciences division “Millipore CTDMO” in order to increase its production capacity and flexibility. It has a 2000-liter bioreactor for rapid scaling of production. The company also announced expansion plans in its life sciences division in the U.S., Ireland, China, Germany, Switzerland, and France.
In April 2022, SAT NANO’s technical team developed a breakthrough in the nano-dispersion technology that is used to prepare a variety of nanomaterial dispersions with excellent dispersibility.
Particle Sizes Covered:
• <80 nm
• 80-100 nm
• Other Particle Sizes
Purities Covered:
• >99.99%
• ≥99.94%-99.99%
• ≥99.5%-99.94%
• Other Purities
Applications Covered:
• Electrochemical Capacitors
• Catalysts
• Nanofibers
• Optoelectronic Components
• Nanowires
• Gas Sensors
• Lithium-ion Batteries
• Other Applications
End Users Covered:
• Automotive and Transportation
• Ceramics
• Electronics
• Textiles
• Glass
• Chemicals
• Pigments
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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