Overview and Scope
Metal-organic framework refers to a class of nanoporous crystalline materials that consist of a regular array of positively charged metal ions surrounded by organic linker molecules. The metal-organic framework (MOF) has physical and chemical properties and also has features such as high surface area, easily adjustable structure, and flexibility.
Sizing and Forecast
The metal-organic framework market size has grown exponentially in recent years. It will grow from $0.37 billion in 2023 to $0.49 billion in 2024 at a compound annual growth rate (CAGR) of 31.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increase in usage of smartphones, technological developments in metal-organic frameworks and increase in demand for clean energy.
The metal-organic framework market size is expected to see exponential growth in the next few years. It will grow to $1.25 billion in 2028 at a compound annual growth rate (CAGR) of 26.7%. The growth in the forecast period can be attributed to increasing government support, increase in gas storage capacities, increasing use of electronics and rising urbanization. Major trends in the forecast period include focus on specialized mof materials for several applications, use of artificial intelligence (ai) in the discovery and identification of different metal-organic frameworks, focus on developing new metal-organic frameworks for improving efficiency and operations across different areas of application, focus on increasing investments to expand technological capabilities and focus on strategic partnerships and collaborations.
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The metal-organic framework market covered in this report is segmented –
1) By Product Type: Zinc-Based, Copper-Based, Iron-Based, Aluminum-Based, Magnesium-Based, And Other Types
2) By Application: Gas Storage, Gas and Liquid Adsorption, Catalysis, Drug Delivery, Other Applications
North America was the largest region in the metal-organic framework (MOF) market in 2023. The regions covered in the metal-organic framework market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing production of industrial gases for different applications is expected to propel the growth of the metal-organic framework market. Industrial gases are gases that are at room temperature and pressure such as oxygen, hydrogen, and nitrogen, and they are used in various industrial applications such as in the production of chemicals, power, medicine, electronics, aerospace, and food. MOFs are used for industrial gas storage and separation along with catalysis. According to Entrepreneur India, the Indian industrial gas market is expected to surpass $3.9 billion in the year 2023 because of the growing demand for the metal industry. Therefore, the increasing production of industrial gasses for different applications drives the growth of the metal-organic framework market.
Key Industry Players
Major companies operating in the metal-organic framework market report are NuMat Technologies Inc, NovoMOF AG, MOFapps, Atomis Inc, Advanced Chemical Synthesis and Manufacturing (ACSYNAM), MOFgen Ltd, ProfMOF, Mosaic Materials Inc, NanoResearch Elements Inc, ET Co Ltd, GS Alliance Co Ltd, Intelligent Materials Private Limited, Aritech Chemazone Pvt Ltd, Girard Hervouet, BASF SE, Promethean Particles Ltd, Rosneft, Largo, Electromash, Elemental Holding, Ascensus Specialties, Aperam, ArcelorMittal, Gerdau, Sinobras, Ternium, BUCHI Labortechnik AG, DILO Armaturen, Anlagen, Hilliard Corporation, National Aluminum Products Company, Mih Building Material, Alico Industries Company Limited, Urbanstudio, Assmang Limited, Anglo American Platinum Limited, BHP Billiton plc, Arewa Metal Containers Limited (Armeco), Abumet Nigeria Limited, African Steel Mills Limited
The metal-organic framework market report table of contents includes:
1. Executive Summary
2. Metal-Organic Framework Characteristics
3. Metal-Organic Framework Trends And Strategies
4. Metal-Organic Framework – Macro Economic Scenario
5. Global Metal-Organic Framework Size and Growth
…..
32. Global Metal-Organic Framework Competitive Benchmarking
33. Global Metal-Organic Framework Competitive Dashboard
34. Key Mergers And Acquisitions In The Metal-Organic Framework
35. Metal-Organic Framework Future Outlook and Potential Analysis
36. Appendix
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