Molybdenum Trioxide Nanopowder Market - Forecasts from 2023 to 2028

The molybdenum trioxide nanopowder market was valued at US$109.586 million in 2021.

Molybdenum trioxide nanopowder is a highly versatile and innovative material that has gained significant growth in its consumption in recent years due to its unique properties and potential applications in a wide range of industries. It is a fine, white powder made up of extremely small particles that offer high surface area and reactivity, enhancing its usage in a variety of advanced applications such as gas sensors, catalysts, nanofibers, nanowires, lithium-ion batteries, optoelectronic components, and electrochemical capacitors. It is a high-performance material that can improve the performance of various products and systems due to unique properties, such as high electrical conductivity, catalytic activity, and mechanical strength, which is increasing its adoption in various industries such as electronics, energy storage, chemical, textile, ceramic, glass, automotive, and others driven by the growing demand for advanced materials in these industries. The advancement in nanotechnology is stimulating the development of the molybdenum trioxide nanopowder market as it enables the production of molybdenum trioxide nanopowder with higher purity and better performance characteristics in comparison with traditional molybdenum trioxide. Further, the growing demand for energy storage devices and the expansion of the electronic sector is expected to increase the consumption of molybdenum trioxide nanopowder over the forecast period.

The growing demand for electric vehicles is expected to augment the molybdenum trioxide nanopowder demand.

The material finds extensive application as an electrode material for electrochemical capacitors used in electric vehicles to store and deliver energy quickly driven by its high stability and electrical conductivity in acidic electrolytes. In addition, molybdenum trioxide nanopowder has potential applications in other components of electric vehicles, such as battery electrodes and catalysts for fuel cells. It has been shown to improve the performance of lithium-ion batteries by increasing their capacity and reducing their charging time. The rise in the production of electric vehicles and the development of EV technology is expected to boost its demand during the forecast period. For instance, the International Energy Agency revealed that the sales of electric vehicles in 2021 contributed to approximately 10% of the aggregate value of all EVs sold worldwide, totaling 6.6 million.

The availability of substitute materials and regulatory and environmental concerns are a couple of restraining factors. 

The similar properties of molybdenum trioxide nanopowder and certain other materials lead to its substitution by alternative materials. For example, graphene and carbon nanotubes also have high surface area and electrical conductivity properties enabling their application as electrode materials for energy storage devices such as supercapacitors and batteries instead of molybdenum trioxide nanopowder. Further, the cost of producing graphene and carbon nanotubes has been declining in recent years, enhancing their accessibility and consumption in various industries, which is further limiting the growth of the molybdenum trioxide nanopowder market in certain applications where graphene or carbon nanotubes are viable alternatives. In addition, the production and use of molybdenum trioxide nanopowder could raise regulatory and environmental concerns, as nanoparticles can have unique health and environmental impacts that are not fully understood.

Product Offerings:

• Molybdenum trioxide nanopowder by SkySpring Nanomaterials Inc.- SkySpring Nanomaterials Inc. is a US-based company that manufactures different types of nanopowders and nanoparticles manufactures molybdenum trioxide nanopowder with a purity of 99.5% in 5g and 25g packets. The product can be purchased in small quantities to facilitate research work or in large quantities for industrial purposes. 
• Molybdenum trioxide nanopowder by Ultrananotech Private Limited -Ultrananotech Private Limited is an Indian company specializing in producing and supplying various specialty materials, including nanopowders. It manufactures Molybdenum Trioxide Nano Powder which contains particles whose diameter measures 40, has a purity of 99.9%, and is available in varying sizes of 10gm, 25gm, and 50gm packets. 
• Molybdenum trioxide nanopowder by Sigma Aldrich- Sigma Aldrich is a leading chemical company in the US that manufactures Molybdenum (VI) oxide product that contains molybdenum trioxide in nanopowder form containing particles sized 100 nm packaged in poly bottles of 5g. The product is applied in gas sensors, photocatalytic systems, and lithium-ion batteries. 

By application, the gas sensors segment is expected to hold a significant share of the molybdenum trioxide nanopowder market.

Molybdenum trioxide nanopowder is adopted in gas sensing applications and the development of gas sensors due to its ability to change its electrical conductivity on exposure to certain gases leading to the detection and measurement of gases. It is effective in sensing a wide range of gases, including hydrogen, nitrogen dioxide, and ammonia, due to its high surface area allows more gas molecules to interact with the material, generating an advanced and sensitive sensor. Therefore, it is being extensively consumed in the development of various gas sensors, including those for detecting air pollutants, monitoring industrial gases, detecting explosives, and certain wearable gas sensors that can monitor an individual's exposure to harmful gases. The growing importance of industrial safety, environmental monitoring, and certain automotive applications is increasing the demand for gas sensors, which is expected to increase the market share of the gas sensor sector in the molybdenum trioxide nanopowder market.

North America is one of the major regional markets and will grow robustly over the projected period. 

The expansion of the region's chemical and electronics sectors is fueling the consumption of molybdenum trioxide nanopowder. The adoption of molybdenum trioxide nanopowder as a catalyst in various chemical reactions, including the hydrogen evolution reaction in fuel cells in the chemical sector, is increasingly being driven on account of the growing demand for fuel cells and other catalyst-dependent processes. Further, due to its use as a dielectric material in electronic devices, the expanding demand for molybdenum trioxide nanopowder from the electronics industry is another factor expected to expand the market growth.

Market Segmentation:

By Particle Size

• Below 80 nm
• 80-100 nm
• Others

By Application

• Gas Sensors
• Catalysts
• Nanofibers
• Nanowires
• Lithium-ion Batteries
• Electrochemical Capacitors
• Optoelectronic Components
• Others

By End-Use Industry

• Textiles
• Chemicals
• Electronics
• Ceramics
• Glass
• Automotive
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Thailand
• Taiwan
• Others