A ball and stick model of a metal-organic framework, or MOF. A large, very porous, crystalline compound. MOFs have an extremely large surface area because of their open structure, onto which some gasses will readily adsorb. For example, a container filled with MOF can actually store much more hydrogen gas than the same empty container. This is a very significant issue for storage of hydrogen if it is to be taken up as a fuel to replace petroleum products, and also for the storage of carbon dioxide in carbon-capture technologies.
The Metal-Organic Framework by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033)
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According to The Business Research Company’s Metal-Organic Framework, 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
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.
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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
Stakeholders in the metal-organic framework market are focusing on the usage of artificial intelligence (AI) in the discovery and identification of different metal-organic frameworks. There is an increasing amount of experimental and theoretical MOF structural data. The design of MOFs using machine learning (ML) is used to identify target MOF structures in silico speeding up the MOF discovery cycle. For example, in 2021, researchers at the University of Toronto, a public research university in Canada and Northwestern University, a US-based private research university, built an automated materials discovery platform that generates the design of various molecular frameworks, which significantly reduces the time required to identify the optimal materials for use. The system uses machine learning algorithms to learn from the data as it analyses materials and suggests new materials that were not originally imagined. A large number of MOF structures are constructed on the computer and their performance is simulated using molecular-level modeling. A training pool applicable to the chosen application of MOF is then created for quicker material discovery.
The metal-organic framework market report table of contents includes:
1. Executive Summary
2. Metal-Organic Framework Market Characteristics
3. Metal-Organic Framework Market Trends And Strategies
4. Metal-Organic Framework Market – Macro Economic Scenario
5. Global Metal-Organic Framework Market Size and Growth
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26. South America Metal-Organic Framework Market
27. Brazil Metal-Organic Framework Market
28. Middle East Metal-Organic Framework Market
29. Africa Metal-Organic Framework Market
30. Metal-Organic Framework Market Competitive Landscape And Company Profiles
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