Global Metal Organic Framework Market Size 2024, Forecast To 2033
11 Mar, 2024
The metal-organic framework market size has witnessed exponential growth in recent years, expanding from $0.37 billion in 2023 to $0.49 billion in 2024, reflecting a compound annual growth rate (CAGR) of 31.3%. This surge in the historic period is attributed to robust economic growth in emerging markets, increased smartphone usage, technological advancements in metal-organic frameworks, and a growing demand for clean energy. Anticipating continued expansion, the market is projected to reach $1.25 billion in 2028, with a CAGR of 26.7%. The forecasted growth is influenced by escalating government support, enhanced gas storage capacities, greater electronics usage, and ongoing urbanization. Key trends in this period encompass the emphasis on specialized MOF materials for diverse applications, the integration of artificial intelligence in MOF discovery, development of new MOFs to enhance efficiency, increased investments in technology, and a focus on strategic partnerships and collaborations.
Global metal organic framework Market Key Driver
The anticipated growth in industrial gas production for various applications is set to drive the expansion of the metal-organic framework (MOF) market. Industrial gases like oxygen, hydrogen, and nitrogen play crucial roles in diverse sectors such as chemicals, power, medicine, electronics, aerospace, and food. MOFs find application in industrial gas storage, separation, and catalysis. Entrepreneur India projects the Indian industrial gas market to surpass $3.9 billion in 2023, fueled by the increasing demand from the metal industry. This upswing in industrial gas production underscores the growth trajectory of the metal-organic framework market, with market sizes for 2023, 2024, and 2028 poised to reflect this surge.
Get A Free Sample Of The Global metal organic framework Market ReportGlobal metal organic framework Market Segments
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
By Geography:The regions covered in the metal-organic framework market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
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.
Major metal organic framework Industry Players
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
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metal organic framework Market Overview
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.
metal organic framework Global Market Report 2023 provides data on the global metal organic framework market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The metal organic framework market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.