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Base Year: 2024
Companies covered: 10
Tables & Figures: 164
Countries covered: 19
Pages: 134
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Metal Organic Framework Market
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Metal Organic Framework Market Size
The metal organic framework market is said to grow steadily achieving a market value of USD 9.8 billion by 2024. It’s expected to capture USD 29.2 billion by the year 2034 and is projected to have a CAGR of 13.1% from 2024-2034 because of the growing demands for impactful gas storage, carbon fixation, hydrolysis, and catalysis, as well as the improvement in the techniques, the market growth is supported by these factors. The market is expanding simultaneously with improvements in MOF synthesis that use hydrothermal, microwave-assisted, and electrochemical methods adding further scope and efficacy to these materials.
Aluminium, copper, iron, zinc, and magnesium are some of the most used MOFs due to their relative ease of approachability. Their primary distinction lies in the differences in their useful applications. Aluminum MOFs are recognized for gas separation while their copper counterparts are well known for other catalytic applications. Other sectors especially pharmaceuticals and healthcare are also exploring the use of MOFs for controlled drug delivery systems because of their encapsulation and triggered release features.
These processes although have extraordinary potential, the barriers in costs stem from the extremely involved resource-consuming synthesis processes. With bulky machinery and strenuous energy input is necessary to create such materials, being deeply in debt is a common problem which most industries face trying to utilize such efficient materials.
The drugs and pharmaceuticals industries are also a considerable opportunity because the ability of MOFs to encapsulate and release drugs makes it feasible to develop advanced drug delivery systems. The scope of these new materials and the application of MOFs in solving global issues such as climate change, scarce resources and poor healthcare facilities is enormous which bodes well for a market that is starving for innovation and growth.
Metal Organic Framework Market Trends
Metal Organic Framework Market Analysis
The market by product is segmented into aluminium based, copper based, iron based, zinc based, magnesium based and others.
The metal organic framework market by synthetic method is segmented into hydro (solvo) thermal, microwave, ultrasonic, mechanochemical, electrochemical and others.
The metal organic framework market by application is segmented into gas separation and purification, catalyst, gas storage, drug delivery, carbon capture, atmospheric water and others
The U.S. continuous to sustain the governing market share in the metal organic framework market.
The metal organic framework market in Canada is projected to see healthy growth from 2025 to 2034
Metal Organic Framework Market Share
The market for metal organic framework is fragmented and has global manufacturers, regional companies, and niche industry clients competing. It will grow tremendously in the Asia pacific and American regions.
The top 5 companies in the metal organic framework market includes BASF, Framergy, MOF Technologies, Mosaic Materials and Numat. These companies have monopolized the market by over 40% market share due to specialized regional focus and nurtured growth of production.
BASF SE is a prominent business in the chemical industry, it is no surprise that its foothold can be found in both Asia-Pacific and the Americas. The company is actively working on improving MOF technologies for gas storage, CO2 capture, and energy storage applications. In the United States, BASF works with several companies to increase MOF production, while in the Asia-Pacific region, its MOF solutions are increasingly being used in environmental and energy projects, contributing to sustainability efforts.
An US based company Framergy is a leading MOF focused company for gas separation, CO2 capture, and energy storage. Framergy is well-known for ROF technologies and their large scale commercial applications, which is why their research and development budget is focused on making MOFs more commercially viable to strengthen their position in the American market.
MOF Technologies covers the Americas and Asia Pacific regions by providing innovative MOF solutions for gas storage, water purification, and energy efficiency. As an emerging leader in the scalable production of high definition MOFs, the company partners with stakeholders in the oil, gas, and environmental protection industries.
Mosaic Materials, located in the US, is focused on CO2 capture and storage, as well as natural gas storage. It is a leading company in pioneering efforts in carbon capture, giving it great prominence in the US market and attracting interest from the Asia Pacific. NuMat Technologies, another US company, focuses on natural gas storage, air separation, and catalysis MOFs, thus extending its operations into both markets.
Metal Organic Framework Market Companies
Some of the eminent market participants operating in the industry include:
Metal Organic Framework Industry News
The metal organic framework market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Billion from 2021 – 2034 for the following segments:
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Market, By Product
Market, By Synthetic method
Market, By Application
The above information is provided for the following regions and countries: